Golden Nugget Online rallies after striking deal for New York market access
- Golden Nugget Online Gaming (NASDAQ:GNOG) says it struck a deal with Tioga Downs Race Track for future online gaming market access in the state of New York.
- The access is subject to legislation, regulatory approval, license eligibility and availability.
- As part of the 20-year agreement, GNOG will pay Tioga Downs, one of only seven commercial and tribal casinos in the state, a percentage of its net gaming revenue, which will be subject to minimum royalty payments for the duration of the term.
- GNOG +8.04% premarket to $16.25
- Source: Press Release
- See yesterday's big sports betting story: Penn deal raises confidence New York sport betting will be wide open