Golden Nugget Online Gaming (GNOG) has seen another fantastic H1 in terms of revenue, recording an increase of 38.7% to a total of $58.4 million. $51.1 million of this figure came directly from gaming.
While these figures are significant, it is also important to note the increased expenses GNOG reported as well: an increase of 56.1% to $71.2 million. $26.9 million was revenue costs, $30.9 million on advertising and promotions, and $13.4 million on administrative costs.
This brings GNOG to a total operating loss of $12.8 million for the first half of the year.
GNOG chairman and CEO, Tilman Fertitta, released a statement saying, “We are proud to have achieved another solid quarter driven by the strength of our new customer growth both in our established and newer markets. Golden Nugget Online Gaming continues to successfully execute on our national expansion, while concurrently strengthening our capabilities and product offerings with key partnerships. We are increasingly encouraged by our results and look forward to executing on the significant and growing market opportunity available to us.”
DraftKings set to acquire GNOG
DraftKings has announced a deal to acquire Golden Nugget Online Gaming for $1.56 billion in stock.
This deal is set to make them one of the biggest online casino brands in New Jersey.
What can NJ players expect from DraftKings?
New players to DraftKings can expect a welcome package that includes a 100% match bonus up to $1,500 on their first deposit.
Blackjack players will also be delighted in their Hot Streaks Blackjack promotion. To qualify, just play any eligible DraftKings Blackjack game and go on a winning streak to achieve the longest streak of any player. At the end of each month, the players with the longest winning streak per game win $10,000. This promotion renews every month.
What can NJ players expect from Golden Nugget?
There are always regular promotions at Golden Nugget, including their $300,000 Monthly Race, where players battle it out for their piece of the bonus cash prize.
With the acquisition of GNOG by DraftKings imminent, things may change when it comes to promos. But, we expect nothing but good changes.
Be sure to check out our Offers page for all the latest promotional offers at NJ’s top online casinos!