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Golden Nugget Online Gaming Inks New York Market Access Deal with Tioga Downs
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HOUSTON, Feb. 24, 2021 /PRNewswire/ Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) announced today that it entered into a definitive agreement with Tioga Downs Race Track, LLC. ( Tioga Downs ) for future online gaming market access in the state of New York, subject to legislation, regulatory approval, license eligibility and availability.
Following a record year in New Jersey and its recent launch in Michigan, this agreement gives GNOG market access to the state of New York for online casino wagering under a Tioga Downs license, regulations permitting. As part of the 20-year agreement, GNOG will pay Tioga Downs, one of only seven commercial and tribal casinos in the state, a percentage of its net gaming revenue, which will be subject to minimum royalty payments for the duration of the term.