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.
New Jersey’s January iGaming revenue tops $100m for the first time
New Jersey’s January iGaming revenue tops $100m for the first time
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New Jersey’s online gambling market posted its first ever monthly revenue total over $100m in January, while basketball and the NFL playoffs pushed sports betting revenue to yet another record.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online casino and poker operators generated combined revenue of just under $103.8m in January, an 88.4% rise from the same month last year and nearly $4m better than the state’s previous iGaming record set in December 2020.
Golden Nugget Online Gaming Reports Record 2020 Revenue, Sees Strong Momentum In Michigan, Strengthens Leadership Team
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HOUSTON, Feb. 8, 2021 /PRNewswire/ Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) reported preliminary financial results for the full year 2020. For the twelve months ended December 31, 2020, GNOG reported the following unaudited estimates:
Total Revenue of between $90.0 and 91.0 million compared to $55.4 million in 2019, an increase of approximately 63%,
Gross Gaming Revenue[1] of between $101.0 and $102.0 million, compared to $60.9 million during the same period in 2019, an increase of approximately 67%, and
Operating Income of between $23.0 and $24.0 million (between $28.0 and $29.0 million before approximately $4.0 to $5.0 million in costs related to the business combination with Landcadia Holdings II, Inc.), compared to $17.6 in 2019, an increase of approximately 38% (or approximately 62% befo