Landcadia Holdings IV, Inc. - LCA STOCK NEWS

Landcadia Holdings II, Inc. (LCA) announced that its special meeting of stockholders on December 18, 2020, received over 99% support for the business combination with Golden Nugget Online Gaming (GNOG). However, due to insufficient votes, the meeting has been adjourned to December 29, 2020. The company emphasizes the importance of stockholder participation, urging all eligible stockholders to vote, regardless of current ownership status. The company's definitive proxy statement regarding the business combination has been filed with the SEC, providing crucial information for stockholders.

Landcadia Holdings II, Inc. (LCA) is urging stockholders to approve its business combination with Golden Nugget Online Gaming, Inc. (GNOG). The virtual Special Meeting is scheduled for December 18, 2020, at 10:30 a.m. ET. Stockholders must vote by 11:59 p.m. ET on December 17, 2020, for their votes to be counted. The Company encourages those holding shares in 'street name' to contact their brokers to ensure their votes are cast. The Proxy Statement with important information about the Business Combination is available on the SEC's website.

Landcadia Holdings II, Inc. (Nasdaq: LCA) urges stockholders to vote in favor of its business combination with Golden Nugget Online Gaming, Inc. (GNOG) at the special meeting on December 18, 2020. The virtual meeting will occur at 10:30 a.m. ET, allowing stockholders to vote online. The proxy statement, filed with the SEC, includes essential details on GNOG and the business combination. Stockholders are reminded to ensure their shares are voted, either in person at the virtual meeting or by proxy. This business combination aims to enhance value and growth for the company and its shareholders.

Landcadia Holdings II, Inc. (LCA) has scheduled a Special Meeting for December 18, 2020, at 10:30 a.m. Eastern time to vote on a proposed business combination with Golden Nugget Online Gaming, LLC (GNOG). The definitive proxy statement has been filed and mailed to stockholders as of the October 29, 2020 record date. The merger requires stockholder approval and is expected to close shortly after the meeting. Stockholders are encouraged to vote promptly. Any inquiries regarding voting can be directed to Morrow Sodali LLC.

Landcadia Holdings II, Inc. (LCA) has received regulatory approval from the New Jersey Casino Control Commission to acquire Golden Nugget Online Gaming, Inc. (GNOG). This important step moves the acquisition process forward, with Landcadia II awaiting SEC approval of its proxy statement for stockholder voting. Tilman J. Fertitta, CEO of Landcadia II, expressed gratitude to the New Jersey regulatory bodies for their support. GNOG is recognized for its innovations in online gaming and has won multiple awards, establishing itself as a leader in the U.S. market.

Golden Nugget Online Gaming achieved significant recognition at the 2020 EGR North America Virtual East Coast Awards, winning the Operator of the Year for the fourth consecutive year and Mobile Operator of the Year. In 2020, the company reported a remarkable 72% year-over-year growth in gross gaming revenue in New Jersey, surpassing $2 billion in wagering. Looking ahead, GNOG plans to expand into new U.S. states, starting with Michigan. The company is expected to complete its merger with Landcadia Holdings II (NASDAQ: LCA) by the end of November 2020, marking a significant step towards becoming a public entity.

Golden Nugget Online Gaming reported significant financial growth for Q3 2020, with Gross Gaming Revenues rising to $28.9 million—a 93% increase from Q3 2019. Net Revenue also surged by 92% to $25.9 million, alongside an operating income jump to $8.2 million, up 92% year-over-year. The company is set to expand operations into Michigan and is optimistic about surpassing $100 million in Gross Gaming Revenue in New Jersey for the year. GNOG plans to finalize its merger with Landcadia II (LCA) by the end of November 2020.

Golden Nugget Online Gaming (GNOG) reported strong financial results for Q2 2020, highlighting an 85% increase in Gross Gaming Revenues to $28.2 million compared to $15.3 million in Q2 2019. Net Revenue rose 78% to $24.8 million, up from $13.9 million, and Operating Income increased by 74% to $8.5 million. The company anticipates continued growth and plans to expand into Pennsylvania and Michigan. GNOG is set to merge with Landcadia Holdings II (LCA), enhancing its market presence in the online gaming sector.

Landcadia Holdings II (NASDAQ: LCA) has entered a Purchase Agreement to acquire Golden Nugget Online Gaming (GNOG), a leading US online casino. GNOG, known for its innovation, will become the second publicly traded online casino company in the US, with the transaction expected to close in Q3 2020. The deal values the combined entity at approximately $745 million, based on GNOG's projected 2021 revenue of $122 million. Post-transaction, Landcadia will be renamed GNOG. The leadership structure will remain, with Tilman J. Fertitta as Chairman and CEO.