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Landcadia Holdings II, Inc. has completed its process of acquiring the Golden Nuggets Online Gaming Inc, which takes a top position in online live casino gaming and digital sports entertainment. This acquisition got its approval from the majority of Landcadia’s stockholders.
After successfully completing the business combination, Landcadia took the initiative to rename itself Golden Nuggets Online Gaming, Inc. To effect this, the company has moved the trading of their shares to December 30, 2020, where it will trade on Nasdaq Stock Market using the ticker symbol ‘GNOG’.
More About The Deal
Tilman J. Fertitta has been proposed to continue serving as the Company’s CEO as well as the Chairman of the Board. Thomas Winter, on the other hand, will continue serving as the president while the remaining team involved in the daily operation of the Golden Nugget Online Gaming will keep their position.
While commenting, Tilman J. Fertitta expressed his pleasure at seeing the merging of the business coming to fruition. He projected a lot of opportunities for the online gaming sphere, which he was excited about.
Jefferies LLC has been the only advisor for Landlacadia in the area of finance and capital market as well as serving as their placement agent. On the other hand, White & Case LLP have served as Landcadia’s legal counsel, while Haynes and Boone LLP acted as Golden Nugget Online Gaming’s legal counsel.
About GNOG
Golden Nugget Online Gaming is a top online gaming organization that has been referred to as a market leader by its competitors since it pioneered the introduction of Live Dealer and Casino Floor to the online gaming market in the United States. GNOG has won 15 awards from the EGaming Review North America, serving as the ‘Operator of the Year’ for four consecutive years from 2017-2020.
About Landcadia Holdings II, Inc.
Landcadia Holding II, Inc, was started as a front to effect a merger, aid exchange of capital stock, acquire assets, purchase stock, reorganize or combine similar business with other businesses sponsored by Fertitta Entertainent, Inc alongside Jerreries Financial Group Inc.
Forward-Looking Statements
The press release comes with ‘forward-looking statements’ that follows the definition of the provision of ‘safe harbor’ made by the Private Security Litigation Reform Act of 1995.
This indicates that the result the company and GNOG will get have chances of being different from what they aspire for. Invariably, everything estimated and projected might be completely different. The result, therefore, is that no one will solely rely on forward-looking statements to predict the future.
To identify places with the forward-looking statements, the company has included several words indicating variables such as expect, may, could, continue.
The forward-looking statements also include the risk and uncertainties that may befall the merger. They are mostly things both companies cannot predict. In clear terms, both parties have stated the expected factors that may fall under this aspect.
This indicates that the readers are not to rely on this forward-looking statement. Also, the company has made it known that they are obligated to make public any update or revision is done to the statement.