“Acquiring Golden Nugget Online Gaming gives us synergies across our business,” said Jason Robins, Chairman and CEO of DraftKings. The deal is set to deliver “significant benefits” to DraftKings, which expects synergies of $300 million at maturity. The transaction does not include brick-and-mortar Golden Nugget casinos, which will continue to be owned by mogul Tilman Fertitta and his Fertitta Entertainment business. It will also enhance the combined company’s iGaming product offerings through DraftKings’ vertically-integrated tech stack and GNOG’s unique capabilities, including Live Dealer. The GNOG acquisition is expected to, among other things, allow DraftKings to leverage Golden Nugget’s established brand to broaden its reach into new customer segments. The deal was first unveiled in August last year, an all-stock deal worth roughly $450 million that involves Golden Nugget’s iGaming product and existing combined database of more than 5 million customers.

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