LCA closed at $25.49 today; GNOG starts trading tomorrow.
Landcadia Holdings II, Inc. Completes Acquisition of Golden Nugget Online Gaming
Press Release
Tue, December 29, 2020, 11:45 AM CST
-- Changes Name to Golden Nugget Online Gaming, Inc.
-- Class A Common Stock to Commence Trading on Nasdaq Under New Symbol "GNOG" on December 30, 2020
HOUSTON, Dec. 29, 2020 /PRNewswire/ -- Landcadia Holdings II, Inc. (the "Company," "we," "us," or "our") (Nasdaq: LCA) today announced that it has completed its previously announced business combination with Golden Nugget Online Gaming, Inc., a leading online gaming and digital sports entertainment company. The business combination was approved by a majority of Landcadia's stockholders.
Upon completion of the business combination, Landcadia changed its name to Golden Nugget Online Gaming, Inc. The Company's shares of Class A common stock will commence trading on Nasdaq Stock Market under the ticker symbol "GNOG" on December 30, 2020.
Tilman J. Fertitta will continue to serve as the Company's CEO and Chairman of the Board. Thomas Winter will remain as President and the rest of the Golden Nugget Online Gaming team will continue in their respective roles. Tilman J. Fertitta commented, "I am pleased to see the business combination finally close. We see tremendous opportunity in the online gaming space and are excited to be a part of it."
Jefferies LLC served as the sole financial, capital markets advisor and placement agent to Landcadia. White & Case LLP acted as legal counsel to Landcadia and Haynes and Boone LLP served as legal counsel to Golden Nugget Online Gaming.
About GNOG
Golden Nugget Online Gaming is a leading online gaming company that is considered a market leader by its peers and was first to bring Live Dealer and Live Casino Floor to the United States online gaming market. GNOG was the past recipient of 15 eGaming Review North America Awards, including the coveted "Operator of the Year" award in 2017, 2018, 2019 and 2020.
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