Interactive
US – Flood of new market opportunities see Golden Nugget Online Gaming boom
By Phil - 25 March 2021
Golden Nugget Online Gaming saw its fourth quarter revenue surge by 47.9 per cent over the prior year, reaching $23m.
As well as completing its public listing on December 29, Golden Nugget launched its online casino and sportsbook in Michigan on January 22, 2021, in partnership with the Ojibwa casino, and launched a new version of its online sportsbook in New Jersey on March 4, powered by the award-winning OpenSports platform, from Scientific Games Digital. It secured market access in Illinois to offer online sports betting and, if permitted in the future, online casino wagering, subject to regulatory approvals.
It secured market access in West Virginia to offer mobile sports and online casino wagering through an agreement with the Greenbriar Hotel Corporation, subject to regulatory approvals. It also secured market access in New York for online casino wagering, subject to legislation, regulatory approval, license eligibility and availability along with an online sports betting temporary permit in Virginia.
President Thomas Winter said: “We are extremely proud of everything achieved by Golden Nugget Online Gaming in what was a challenging year for everyone. We completed our public listing and our business grew faster than ever before while maintaining high levels of profit margins. We view 2020 as a year that validates our iGaming focused strategy and, combined with our increasing market access footprint, gives us conviction in our ability to take advantage of what we believe could ultimately be a $30.0 billion market opportunity.”
Chairman and Chief Executive Officer Tilman Fertitta added: “The large and long-tailed opportunity for iGaming paired with the strategic benefits GNOG has within the Golden Nugget and Landry’s network is a powerful combination. I echo Thomas’ enthusiasm and excitement for the future and thank him and the entire Golden Nugget Online Gaming team for an incredible 2020 and everything that lies ahead.”
Caption: Tilman Fertitta
