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Houston’s Golden Nugget Online Gaming to Join DraftKings in All-stock Deal

In a deal valued at about $1.56 billion, DraftKings announced on Monday that it has entered into a definitive agreement to acquire all issued and outstanding shares of Houston-based Golden Nugget Online Gaming Inc. (GNOG) as it looks to further expand its i-gaming reach.

As part of the transaction, DraftKings also entered into a commercial agreement with Fertitta Entertainment Inc., which is led by Houston billionaire Tilman Fertitta and is the parent company of the Houston Rockets, Golden Nugget and Landry’s, among other assets.

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