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