Top 10 Owners of Golden Nugget Online Gaming Inc
| Stockholder | Stake | Total value ($) |
|---|---|---|
| Versor Investments LP | 15.00% | 60,064,937 |
| BlackRock Fund Advisors | 5.14% | 20,589,690 |
| Millennium Management LLC | 4.37% | 17,486,303 |
| The Vanguard Group, Inc. | 4.25% | 17,010,439 |
Similarly What happens to GNOG stock? Golden Nugget stock is down year-to-date (YTD) by nearly 12% — or by $2.20 — to $17.50 as of the close of Oct. 18. However, by the time the deal closes in the first quarter of 2022, investors in GNOG stock will only have a loss of $1.95 for the year, or negative 9.9%.
What happens to my GNOG shares? Under the terms of the merger agreement entered into on August 9, 2021 (the “Merger Agreement”), Golden Nugget Online Gaming stockholders would receive a fixed ratio of 0.365 shares of New DraftKings’ Class A Common Stock for each Common Share of Golden Nugget Online Gaming they hold on the record date (the “Exchange …
Additionally, What happens to GNOG stock after merger?
The business started trading on the Nasdaq on 16 October 2020, meaning that it must complete a merger by 16 October 2022 or it will cease trading and redeem all of its shares.
Should you sell GNOG?
Out of 3 analysts, 1 (33.33%) are recommending GNOG as a Strong Buy, 0 (0%) are recommending GNOG as a Buy, 2 (66.67%) are recommending GNOG as a Hold, 0 (0%) are recommending GNOG as a Sell, and 0 (0%) are recommending GNOG as a Strong Sell. What is GNOG’s earnings growth forecast for 2022-2023?
Will GNOG become DraftKings? DraftKings and GNOG will become wholly owned subsidiaries of New Duke Holdco, which will be renamed DraftKings Inc. immediately following the completion of the mergers. The MGC’s decision approves one of the means by which DraftKings and GNOG plan to implement the transactions under their merger agreement.
Who is Golden Nugget merging with? DraftKings reached an agreement to acquire Golden Nugget Gaming ($GNOG) in August 2021 for $1.56 billion in an all-stock deal. The agreement was announced in early August 2021 and is expected to close in early 2022.
Will GNOG stock go up? Stock Price Forecast
The 1 analysts offering 12-month price forecasts for Golden Nugget Online Gaming Inc have a median target of 18.83, with a high estimate of 18.83 and a low estimate of 18.83. The median estimate represents a +212.79% increase from the last price of 6.02.
Is GNOG a hold?
Out of 3 analysts, 1 (33.33%) are recommending GNOG as a Strong Buy, 0 (0%) are recommending GNOG as a Buy, 2 (66.67%) are recommending GNOG as a Hold, 0 (0%) are recommending GNOG as a Sell, and 0 (0%) are recommending GNOG as a Strong Sell.
Should I hold GNOG? The consensus among Wall Street analysts is that investors should « hold » Golden Nugget Online Gaming stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GNOG, but not buy additional shares or sell existing shares.
Is DraftKings overvalued?
Not helping matters, infamous short seller Jim Chanos recently announced his firm Kynikos Associates is betting against DraftKings. Chanos sees DKNG stock as “drastically overvalued” with heavy spending on marketing to fuel the outfit’s successful growth and market share to date, as unsustainable.
Is DraftKings still buying Golden Nugget? US daily fantasy and betting giant DraftKings has entered into a definitive agreement to buy online gambling firm Golden Nugget Online Gaming (GNOG) in a deal worth approximately US$1.56 billion. The all-stock transaction is expected to close in the first quarter of 2022, subject to approval of GNOG stockholders.
Did DraftKings buy a casino?
This article is in your queue. DraftKings Inc. has agreed to buy Golden Nugget Online Gaming Inc. for about $1.56 billion in stock, a deal that would boost the sports-betting operator’s online-casino-games offering, the companies said.
Who did DraftKings buy?
On November 18, 2016, DraftKings and FanDuel announced an intent to merge. The combined company would serve over 5 million users.
What company did DraftKings buy? DraftKings agreed to acquire Golden Nugget Online Gaming for $1.56 billion in stock. Golden Nugget Online shareholders will receive 0.356 DraftKings shares, which is a roughly 53% premium to Golden Nugget Online’s stock on Friday.
Should I Buy Golden Nugget Online Gaming stock? There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should « hold » Golden Nugget Online Gaming stock.
Who owns DraftKings casino?
As of July 2017, DraftKings had eight million users.
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DraftKings.
| Type | Public company |
|---|---|
| Founders | Jason Robins Matt Kalish Paul Liberman |
| Headquarters | Boston, Massachusetts , U.S. |
| Key people | Jason Robins (CEO) Paul Liberman (COO) Matt Kalish (CRO) |
| Number of employees | 869 (2019) |
Is DraftKings a good stock to buy? DraftKings is in an enviable place in the industry. It has a well-established brand, a growing customer base, dozens of potential U.S. states it can move into, high insider ownership, and a good balance sheet with $2.8 billion in cash and marginal debt on the books.
Is DraftKings a good stock to buy now?
Although revenues over the past year have been rising, the company is still operating at a loss, making DraftKings stock a speculative bet for investors. Additionally, a general market rotation into value stocks over high-flying growth stocks has punished DraftKings shares over the second half of 2021 and early 2022.
Is DraftKings stock a buy? Of the 32 analysts covering the shares, 19 rated them a Buy or Overweight, 12 rated them a Hold, and one has a Sell rating. Separately, analysts at Macquarie Research upgraded Penn National ( PENN ) to Outperform from Neutral and raised their price target to $80 from $71.
