The announcement comes a few days after Landcadia II announced it is entering into a purchase agreement to acquire Golden Nugget Online Gaming.
GNOG Teams Up with Detroit’s Rocket Mortgage Classic
Golden Nugget Online Gaming (GNOG) has signed an agreement with Detroit’s Rocket Mortgage Classic to become the Official National Casino Partner of the 2021 & 2022 tournament. This year’s event will take place between July 1 and July 4 at the Detroit Golf Club in Michigan.
GNOG will feature on-site branding and will offer various perks to tournament attendees, such as premier golf bags, all-inclusive hospitality upgrades to Club 1899, prizes, Golden Lines odds boost on wagers placed during the tournament, and an exclusive promotional casino & sportsbook bonus. Earlier this week, GNOG inked a deal to become Detroit City FC’s exclusive online gaming partner.
Samir Banerjee, GNOG’s director of marketing, said that both Golden Nugget and the Rocket Mortgage Giving Fund share the same values of creating a 7BALL positive impact on the local communities. The Detroit community will take advantage of a world-class PGA Tour event, which will bring together the golfing community and a world-class online casino and sportsbook experience at GoldenNuggetCasino.com, Banerjee added.
Viewers of the 2021 Rocket Mortgage Classic will be able to see 156 of the world’s best golfers including Phil Mickelson, Bryson DeChambeau, Rickie Fowler, Hideki Matsuyama, Webb Simpson, Bubba Watson, and Matthew Wolf. PGA Live, Golf Channel, and CBS will broadcast the tournament.
Landcadia Acquires Golden Nugget
A few days ago, Tilman J. Fertitta and Landcadia Holdings II, Inc. unveiled that Landcadia II has secured a purchase agreement for the acquisition of Golden Nugget Online Gaming. Landcadia II is a publicly-traded special purpose acquisition (SPAC) company co-sponsored by Fertitta Entertainment, Inc. and Jefferies Financial Group Inc.
The deal is expected to be finalized by the end of the year. Following its completion, Landcadia II plans to rename itself to Golden Nugget Online Gaming, Inc. with a Nasdaq trading symbol GNOG. If the process finishes successfully, GNOG will be the second pure publicly traded online casino company in the US.
Rich Handler, co-chairman of Landcadia II and CEO of Jefferies LLC, said that GNOG boasts a huge potential to capitalize on the massive online gaming opportunity in the US.
“We at Jefferies couldn’t be more thrilled to partner with Tilman and bring this great opportunity to the public markets.”
Rich Handler, co-chairman of Landcadia II and CEO of Jefferies LLC
CNOG debuted in New Jersey at the end of 2013 and became profitable only three years later. This is the first online gaming company to launch Live Dealer, as well as Live Casino Floor in the US. It had a net income of over $11 million in 2019.
