DraftKings has announced it will acquire Golden Nugget Online Gaming (GNOG) in an all-stock transaction, for an implied equity value of approximately $1

DraftKings has proclaimed it testament win Golden Nugget Online Gaming (GNOG) inward an all-stock transaction, for an implied equity value of some $1.56bn.

In December 2019, DraftKings proclaimed it will spell public via a special purpose acquisition troupe (SPAC), also getting SBTech.

GNOG has since used that route to depart public itself, and at present the 2 are creating a mammoth US gaming combination.

DraftKings has thus far specialised inward sports betting and day-to-day fantasy sports, patch GNOG is a specialiser inward online casino. Together, the deuce proffer quite an the online proposition.

Jason Robins, DraftKings CEO and Chairman of the Board, said: “Our acquisition of Golden Nugget Online Gaming, a trademark synonymous with iGaming and entertainment, testament heighten our power to instantly contact a broader consumer base, including Golden Nugget’s loyal ‘iGaming-first’ customers.

"This business deal creates meaningful synergies such as increased combined society revenues impelled by additional cross-sell opportunities, trueness integrations and tech-driven production enlargement as wellspring as technology optimisation and greater marketing efficiencies. We looking at forward to Tilman being an dynamic member of our Board and unity of our largest shareholders.”

Tilman Fertitta, Chairman and CEO of GNOG, said: “This transaction testament supply outstanding value to the shareholders as deuce securities industry leaders merge into a leading world-wide player inwards digital sports, entertainment and online gaming.

"Leveraging Fertitta Entertainment’s tolerant amusement offerings and extensive client database, linked with DraftKings’ mammoth electronic network makes this an unbeatable partnership. Together, we put up offer note value to our combined customer immoral that is unparalleled.

"We trust DraftKings is ane of the leading players inward this burgeoning infinite and couldn’t follow more excited to ringlet arms with Jason and the DraftKings phratry crossways our full portfolio of assets, including the Samuel Houston Rockets, the Golden Nugget casinos and Landry’s vast portfolio of restaurants. This is a strong commercial-grade arrangement for both companies.”

DraftKings is reportedly now the topic of an SEC investigating into its SBTech takeover. With this new deal, however, the operator will be hoping to create a to a greater extent confirming news oscillation for itself.