Golden Nugget Online Gaming Wins "Operator of the Year" Four Years In A Row
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.
- Won 'Operator of the Year' for the fourth consecutive year.
- Achieved 72% YoY growth in gross gaming revenue in New Jersey.
- Surpassed $2 billion in total wagering in the first nine months of 2020.
- Plans to expand into additional US states, starting with Michigan.
- Merger completion dependent on SEC review and regulatory approvals.
- Risks associated with COVID-19 affecting business operations and transaction success.
HOUSTON, Nov. 2, 2020 /PRNewswire/ -- Golden Nugget Online Gaming clinched two awards at the 2020 EGR North America Virtual East Coast awards. The awards recognized and celebrated excellence in the North American online gaming and sports betting industry, rewarding leading operators and service providers for their performance in the past year. The awards are judged by industry peers who take growth, innovation, execution and more into consideration.
The Golden Nugget Online Gaming team picked up the coveted top prize for the fourth year in a row by bringing home the 'Operator of the Year 2020 Award', in addition to 'Mobile Operator of the Year'.
Thomas Winter, President, Golden Nugget Online Gaming said, "We are honored and humbled to be recognized by our esteemed industry peers as the Operator of the Year in North America for the fourth consecutive year. Their vote confirms the choice of New Jersey players, who have chosen Golden Nugget as their favorite destination for online and mobile casino. We will now try and apply the same focus on superior product, flawless execution and world-class player experience as we plan our expansion into the other states and launch our new sports betting offer."
Warren Steven, Vice President, Golden Nugget Online Gaming said, "We take great pride in again winning the Mobile Operator of the Year in North America award.
In the first 9 months of 2020, Golden Nugget saw its New Jersey gross gaming revenue grow
About the Awards
The eGaming Review (EGR) Awards 2020 in their fourth year celebrate excellence in the North American online gaming industry. For the first time the EGR North America Awards are going virtual including a virtual awards ceremony due to the global pandemic. The Golden Nugget Online Casino took home the awards in the following categories.
- Operator of the Year
- Mobile Operator
As previously reported, on June 28, 2020, GNOG entered into a purchase agreement with Landcadia Holdings II, Inc. (NASDAQ: LCA) ("Landcadia II"), a special purpose acquisition company, pursuant to which GNOG will become a public company listed on Nasdaq. Subject to completion by the Securities and Exchange Commission of its review of Landcadia II's proxy statement in connection with the transaction, and subject to certain closing conditions, including regulatory approval, GNOG anticipates the transaction to close before the end of November 2020.
About GNOG
Golden Nugget Online Gaming, Inc. is a leading online casino gaming company that is owned by a company wholly owned by Tilman J. Fertitta. It is considered the market leader by its peers and was first to bring Live Dealer and Live Casino Floor to the United States online gaming market.
About Landcadia Holdings II, Inc.
Landcadia Holdings II, Inc. is a company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses that is co-sponsored by Fertitta Entertainment, Inc. and Jefferies Financial Group Inc.
Important Information About the Proposed Transaction and Where to Find It
Landcadia II has filed a preliminary proxy statement and intends to file a definitive proxy statement with the SEC for Landcadia's stockholder meeting to be held in connection with the transaction. Landcadia II's stockholders and other interested persons are advised to read the preliminary proxy statement and the amendments, when available, thereto and the definitive proxy statement and documents incorporated by reference therein filed in connection with the proposed transaction, as these materials will contain important information about GNOG, Landcadia II and the proposed transaction. The definitive proxy statement and other relevant materials for the stockholder meeting will be mailed to stockholders of Landcadia II as of the record date for the meeting which has been set for October 29, 2020. Stockholders will also be able to obtain copies of the preliminary proxy statement, the definitive proxy statement, when available, and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC's web site at www.sec.gov, or by directing a request to: Landcadia Holdings II, Inc., 1510 West Loop South, Houston, Texas 77027, Attention: General Counsel, (713) 850-1010.
Participants in the Solicitation
Landcadia II and its directors and executive officers may be deemed participants in the solicitation of proxies from Landcadia II's stockholders with respect to the proposed transaction. A list of the names of those directors and executive officers and a description of their interests in Landcadia II is contained in Landcadia II's annual report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC and is available free of charge at the SEC's web site at www.sec.gov, or by directing a request Landcadia Holdings II, Inc., 1510 West Loop South, Houston, Texas 77027, Attention: General Counsel, (713) 850-1010. Additional information regarding the interests of such participants will be contained in the proxy statement for the proposed transaction when available.
GNOG and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of Landcadia II in connection with the proposed transaction. A list of the names of such directors and executive officers and information regarding their interests in the proposed transaction will be included in the proxy statement for the proposed transaction when available.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Landcadia II's and GNOG's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, GNOG's expectations with respect to future performance and anticipated financial impacts of the proposed transaction, the satisfaction of the closing conditions to the proposed transaction and the timing of the completion of the proposed transaction. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Landcadia II's and GNOG's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Purchase Agreement, (2) the outcome of any legal proceedings that may be instituted against Landcadia II and GNOG following the announcement of the Purchase Agreement and the transactions contemplated therein; (3) the inability to complete the proposed transaction, including due to failure to obtain approval of the stockholders of Landcadia II, certain regulatory approvals or satisfy other conditions to closing in the Purchase Agreement; (4) the occurrence of any event, change or other circumstance that could give rise to the termination of the Purchase Agreement or could otherwise cause the transaction to fail to close; (5) the impact of COVID-19 on GNOG's business and/or the ability of the parties to complete the proposed transaction; (6) the inability to obtain or maintain the listing of Landcadia II's shares of common stock on Nasdaq following the proposed transaction; (7) the risk that the proposed transaction disrupts current plans and operations as a result of the announcement and consummation of the proposed transaction; (8) the ability to recognize the anticipated benefits of the proposed transaction, which may be affected by, among other things, competition, the ability of GNOG to grow and manage growth profitably and retain its key employees; (9) costs related to the proposed transaction; (10) changes in applicable laws or regulations; (11) the possibility that GNOG or Landcadia II may be adversely affected by other economic, business, and/or competitive factors; and (12) other risks and uncertainties indicated from time to time in the proxy statement relating to the proposed transaction, including those under "Risk Factors" therein, and in Landcadia II's other filings with the SEC. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Neither GNOG nor Landcadia II undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended.
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SOURCE Golden Nugget Online Gaming, Inc.
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