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home / news releases / DKNGZ - Golden Nugget Online: Disappointing Deal

DKNGZ - Golden Nugget Online: Disappointing Deal

DraftKings Inc. Warrant
  • Golden Nugget Online agrees to be acquired by DraftKings for a 50% premium.
  • The deal doesn't appear to accurately value Golden Nugget Online offering strong market access to the iGaming market.
  • The all-stock deal only values Golden Nugget Online at 7.6x '22 revenues, or a fraction of the valuation multiple assigned to DraftKings.
  • The stock upside appears capped in the short term.

For further details see:

Golden Nugget Online: Disappointing Deal
Stock Information
Company Name: DraftKings Inc. Warrant
Stock Symbol: DKNGZ
Market: NASDAQ
Website: draftkings.com
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