Interactive
US – New Jersey Casino Commission approves Landcadia’s purchase of Golden Nugget Online Gaming
By Phil - 26 November 2020
The New Jersey Casino Control Commission has approved Landcadia Holdings move to acquire Golden Nugget Online Gaming, Inc. (“GNOG”).
“We are appreciative of the efforts of both the New Jersey Division of Gaming Enforcement and the Casino Control Commission in approving our transaction,” said Tilman J. Fertitta, Co-Chairman and CEO of Landcadia II.
“With this regulatory approval, we are one step closer to completing our acquisition of GNOG,” said Landcadia II’s General Counsel, Steven L. Scheinthal. Further, according to Scheinthal, “we are now waiting on the SEC to approve our definitive proxy statement for mailing to our stockholders and approval from our stockholders of the transaction, which we hope will happen in the near future.”
Landcadia Holdings was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganisation or similar business combination with one or more businesses that is co-sponsored by Fertitta Entertainment, Inc. and Jefferies Financial Group Inc.
