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Golden Nugget Online Gaming, Inc. (GNOG)

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Last Post: 5/5/2022 5:30:30 PM - Followers: 48 - Board type: Free - Posts Today: 0

 









 
Shs Outstand 31.63M
Shs Float 1.45M
Short Float 33.71%
Inst Own 53.69%
 
LT Debt/Eq          NO DEBT -
 

HOUSTON, Aug. 18, 2020 /PRNewswire/ -- Golden Nugget Online Gaming, Inc. ("GNOG" or the "Company") reported selected financial results for the second quarter of 2020.
For the three months ended June 30, 2020, GNOG reported the following for its New Jersey operations:

  • Gross Gaming Revenues of $28.2 million, compared to $15.3 million during the same period in 2019, an increase of 85%,
    Net Revenue of $24.8 million compared to $13.9 million during the same period in 2019, an increase of 78%,
    Operating Income of $8.5 million versus $4.9 in the second quarter of 2019, a 74% increase.

"We are pleased with the continued strong revenue growth in New Jersey and our ongoing profitability." said Tilman J. Fertitta, GNOG's owner.

 

Thomas Winter, Senior Vice President and General Manager of GNOG stated, "Our second quarter beat our target, supported by record players activity and Average Revenue per User (ARPU).
Our online play has remained strong in July and into August, and we are confident that we will exceed our revenue and operating income forecast in New Jersey this year.
We look forward to expanding our operations to Pennsylvania and Michigan, where our licensing process is ongoing.
We are closely monitoring the legislative momentum in other states and, with the access to capital provided by the proposed transaction with Landcadia,
we will seek to expand our US online gaming business, wherever regulations provide for profitable growth opportunities."

On June 28, 2020 GNOG entered into a transaction agreement with Landcadia Holdings II, Inc. (Nasdaq: LCA), a special purpose acquisition company ("Landcadia")
whereby GNOG will become an indirect, wholly owned subsidiary of Landcadia, which will change its name to Golden Nugget Online Gaming, Inc.




$LCA https://www.otcmarkets.com/stock/LCA/disclosure

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https://www.otcmarkets.com/stock/LCA/profile

https://www.otcmarkets.com/stock/LCA/quote

https://www.otcmarkets.com/stock/LCA/overview






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GNOG News: Termination of Registration of a Class of Security Under Section 12(b) (15-12b) 05/16/2022 03:15:51 AM
GNOG News: Notice of Effectiveness (effect) 05/11/2022 02:08:31 AM
GNOG News: Statement of Changes in Beneficial Ownership (4) 05/09/2022 01:28:58 PM
GNOG News: Statement of Changes in Beneficial Ownership (4) 05/09/2022 01:26:08 PM
GNOG News: Statement of Changes in Beneficial Ownership (4) 05/09/2022 01:25:43 PM
PostSubject
#1450   GNOG Golden Nugget Online Gaming Inc mick 05/05/22 05:30:30 PM
#1449   Anyday this should be completed. alabama1001 05/04/22 08:23:42 PM
#1448   Golden Nugget Online (GNOG) mick 05/01/22 01:59:57 PM
#1447   Golden Nugget Online (GNOG) mick 03/12/22 02:52:17 PM
#1446   Golden Nugget Online (GNOG) mick 02/06/22 05:25:44 PM
#1445   Wish we knew. Its been months since Pickles1109 02/01/22 03:31:57 PM
#1444   i don't know , did not know merging mick 02/01/22 02:14:57 PM
#1443   When is the Dkng merger? Shady outlook 01/31/22 10:38:39 PM
#1442   Golden Nugget Online (GNOG) mick 01/05/22 10:20:36 AM
#1441   Ha !mick …. 100% agree MADDSTACKER 01/05/22 09:38:29 AM
#1440   ceo is floundering, don't know east west south mick 01/04/22 04:03:17 PM
#1439   What’s deal here any news ? Merger off ? MADDSTACKER 01/04/22 02:44:57 PM
#1438   Is merger OFF ? MADDSTACKER 01/04/22 10:11:28 AM
#1437   https://www.otcmarkets.com/stock/GNOG mick 01/02/22 05:15:59 PM
#1436   https://www.otcmarkets.com/stock/GNOG mick 12/11/21 05:12:35 PM
#1435   Golden Nugget Online (GNOG) mick 11/06/21 12:49:52 PM
#1434   https://www.otcmarkets.com/stock/GNOG mick 10/09/21 01:29:04 PM
#1433   Golden Nugget Online (GNOG) mick 09/22/21 07:45:53 PM
#1432   Golden Nugget Online (GNOG) mick 08/14/21 04:31:20 PM
#1431   GNOG- $$$ nice day Nebuchadnezzar 08/09/21 08:16:59 PM
#1430   Yes I did. Thankfully Shady outlook 08/09/21 06:40:04 PM
#1429   Well it’s about time, been sitting on this Pickles1109 08/09/21 04:34:28 PM
#1428   Nice MADDSTACKER 08/09/21 03:38:51 PM
#1427   Should hit $20+, over next few days been vikingzskillz 08/09/21 03:31:27 PM
#1426   Agreed MADDSTACKER 08/09/21 11:25:24 AM
#1425   Quick math tells me $20 a share valuation food4thought 08/09/21 09:25:36 AM
#1424   Hope you held :) MADDSTACKER 08/09/21 08:45:23 AM
#1423   Damn a buyout sweet MADDSTACKER 08/09/21 07:49:42 AM
#1422   Just look at dkng , this will be MADDSTACKER 08/03/21 12:57:02 PM
#1421   LONG TERM mick 07/31/21 11:48:05 AM
#1420   Thought about selling this POS. Someone convince Shady outlook 07/31/21 08:50:41 AM
#1419   Golden Nugget Online (GNOG) mick 07/10/21 11:19:40 PM
#1418   I’m still in the red . But I MADDSTACKER 07/06/21 05:55:26 PM
#1417   Cheers Madd, My mistake was going in heavy premerger. food4thought 07/02/21 09:48:02 AM
#1416   Adding under 10 going take time for revs MADDSTACKER 07/02/21 08:44:46 AM
#1415   Agreed. Just continues to bleed and bleed. Onalaska98 07/01/21 03:59:55 PM
#1414   This could be one of the worst stocks food4thought 07/01/21 03:28:32 PM
#1413   Golden Nugget Online (GNOG) mick 06/09/21 09:50:39 AM
#1412   Thanks mick MADDSTACKER 06/08/21 07:25:46 PM
#1411   Golden Nugget Online Gaming Launches Online Games Portfolio mick 06/08/21 11:07:00 AM
#1410   thank you Golden Nugget Online (GNOG) mick 06/08/21 11:03:30 AM
#1409   Let’s gooooo MADDSTACKER 06/08/21 10:46:56 AM
#1408   Golden Nugget Online (GNOG) mick 05/26/21 12:37:59 PM
#1407   Golden Nugget Online (GNOG) mick 05/26/21 12:37:59 PM
#1406   Sitting at 200 am ... let’s break it MADDSTACKER 05/21/21 08:57:15 AM
#1405   Looking good Billy Rae... Feeling good Louis. Cheers! food4thought 05/18/21 12:38:16 PM
#1404   Let’s gooo bottoms up MADDSTACKER 05/18/21 10:21:19 AM
#1403   Despicable food4thought 05/12/21 03:35:18 PM
#1402   Cheaper now then when it was a shell..wtf MADDSTACKER 05/12/21 03:33:25 PM
#1401   When I said another 10% downside tied to food4thought 05/11/21 08:55:37 AM
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