Golden Nugget Online Gaming Reports Record Third Quarter Revenue

Golden Nugget Online Gaming Reports Record Third Quarter Revenue

Hoston, OCT 28, 2020 / Prnewswire / Golden Nugget Online Gaming, Inc ("GNOG" or "Company") has announced cash financial results for the third quarter of 2020. For three months, which ended on September 30, 2020, GNOG announced appropriate data on its own business in New Jersey:

  • Space} The total game was $ 28 and 9 million, compared to $ 14, 9 million at the comparable stage in 2019.
  • Space} Pure revenue was $ 259 million in comparison of $ 135 million in the comparable stage of 2019, up 92 %.
  • Operating income was $ 8 to $ 8 to 2 million for comparison of 4 and 2 in the third quarter of 2019, an increase of 92 %.

"We are quite satisfied in another quarter of a high profitability. Our business model protected by pandemic continues to show its own stability in New Jersey, and we have a business in Michigan. "Tillman J. Feltitta, GNOG owner, is looking forward to expanding.

In the third quarter, our momentum in New Jersey was recognized. The recorded benefits were brought by the energy of top players, unchanged advertising investments, and 64 new games in casinos. I believe that this year will be able to earn more than 100 million games in New Jersey this year.

In fact, the company also states that the launch of its own mobile sports tariffs and Michigan's casino is likely to continue the license process in Pennsylvania in consideration of licensed authorities within the year. GNOG has since been actively seeking opportunities to enter Bazaar to expand its own work in the United States in several states, and rises online games in New Jersey and Pennsylvania. We believe that in 2021 and 2022, it will promote other states to distinguish the laws related to online casinos.

As previously reported, on June 28, 2020, GNOG concluded a contract to acquire special purpose companies Landcadia Holdings II, Inc (NASDAQ: LCA) (LANDCADIA II), and according to this, GNOG was registered in Nasdaq. Become a public company. The GNOG is waiting for the closing of the Conspiracy Committee to end the study, the Land Cadia II Declaration related to transactions, and the specific closing standard that covers the promotion by regulatory authorities.

About GNOGGolden Nugget Online Gaming is an online casino, a major game company that belongs to 100 % owned by Tillman J. Feltit. The company was regarded as a market leader among other companies in the same industry, selling a living room for the United States and living floor casinos.

About Land Cadia Holdings IILANDCADIA HOLDINGS II, Inc. -This is a merger, capital exchange, asset acquisition, stock purchasing, or as the organization, this is a c o-founder of Fertitta Entertainment, Inc. and Jeffiries Fincial Group Inc. It is a company established for the purpose of a business alliance.

Important information about the proposed transactions and their destinationsLANDCADIA II has submitted a preliminary power of attorney notification and will submit a final proxy notification to the US Securities and Transactions Committee to the LANDCADIA shareholder scheduled to be conducted. Landcadia II shareholders and other stakeholders have been proposed by preliminary dragers and amendments because they contain important information on GNOG, Landcadia II, and proposed transactions. It is recommended to be familiar with the final power of attorney submitted to the transaction and the document included in it. The confirmed power of attorney and other general meeting of shareholders will be mailed to the Land Cadia II shares held on the registration date of the General Meeting of Shareholders on October 29, 2020. Shareholders can also receive a copy of the preliminary power of attorney, the final power of attorney application submitted as soon as they are ready, and other documents submitted to the SEC. As soon as these documents are available, they will be published in the link to the Secite of the www. sec. gov's sec, and you can send invoices to the next address: Landcadia Holdings II, Inc, 1510 West Loop SOUTH, HOUSTON, TEXAS 7702

Participants < SPAN> Golden Nugget Online Gaming are online casinos, a major game company that belongs to 100 % owned by Tillman J. Fertitit. The company was regarded as a market leader among other companies in the same industry, selling a living room for the United States and living floor casinos.{space}.

About Land Cadia Holdings II

{space}Important information about the proposed transactions and their destinations

LANDCADIA II has submitted a preliminary power of attorney notification and will submit a final proxy notification to the US Securities and Transactions Committee to the LANDCADIA shareholder scheduled to be conducted. Landcadia II shareholders and other stakeholders have been proposed by preliminary dragers and amendments because they contain important information on GNOG, Landcadia II, and proposed transactions. It is recommended to be familiar with the final power of attorney submitted to the transaction and the document included in it. The confirmed power of attorney and other general meeting of shareholders will be mailed to the Land Cadia II shares held on the registration date of the General Meeting of Shareholders on October 29, 2020. Shareholders can also receive a copy of the preliminary power of attorney, the final power of attorney application submitted as soon as they are ready, and other documents submitted to the SEC. As soon as these documents are available, they will be published in the link to the Secite of the www. sec. gov's sec, and you can send invoices to the next address: Landcadia Holdings II, Inc, 1510 West Loop SOUTH, HOUSTON, TEXAS 7702

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Elim Poon - Journalist, Creative Writer

Last modified: 27.08.2024

Both slot and table revenue set individual quarterly records in Q3, with casino slot machine revenue growing by percent year-over-year to $ billion and. DraftKings reported revenue of $ million, an increase of $ million, or 57%, compared to $ million during the same period in Golden Nugget Online Gaming has published its Q3 and first nine months of financials, reporting a Q3 net loss despite revenue increasing.

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