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Tilman Fertitta's golden online gaming casino officially sold to major sports company

BySteven Devadanam CultureMap logo
Friday, May 6, 2022
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HOUSTON, Texas -- The acquisition of Tilman Fertitta's Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) by digital sports entertainment and gaming company DraftKings Inc. (Nasdaq: DKNG) is complete.

The video featured above is from a previous report.

DraftKings announced that it has completed the acquisition, worth at approximately $1.6 billion (dubbed the "GNOG Acquisition") on Thursday, May 5.

"This will be an alliance unlike any other in the digital sports, entertainment and online gaming industry," Fertitta said in a statement . "Now that the acquisition is completed, I look forward to what the future will bring for our combined company and am confident this relationship will be a huge success."

SEE ALSO: 1 million Texans place illegal sports wagers totaling more than $5 billion a year, research shows

SEE ALSO: 11 Houston billionaires join Elon Musk on Forbes' list of the world's richest

Continue reading this article from our ABC13 partners at Houston CultureMap.

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