US – Landcadia Holdings completes takeover of Golden Nugget Online GamingBy Phil - 4 January 2021
Landcadia Holdings has completed its previously announced business combination with Golden Nugget Online Gaming, a leading online gaming and digital sports entertainment company. The business combination was approved by a majority of Landcadia’s stockholders.
Upon completion of the business combination, Landcadia changed its name to Golden Nugget Online Gaming. The company’s shares of Class A common stock will commence trading on Nasdaq Stock Market under the ticker symbol “GNOG” on December 30, 2020.
Tilman J. Fertitta will continue to serve as the Company’s CEO and Chairman of the Board. Thomas Winter will remain as President and the rest of the Golden Nugget Online Gaming team will continue in their respective roles. Tilman J. Fertitta commented: “I am pleased to see the business combination finally close. We see tremendous opportunity in the online gaming space and are excited to be a part of it.”
Jefferies served as the sole financial, capital markets advisor and placement agent to Landcadia. White & Case acted as legal counsel to Landcadia and Haynes and Boone served as legal counsel to Golden Nugget Online Gaming.