Golden Nugget Online rallies after striking deal for New York market access

Feb. 24, 2021 7:56 AM ETDraftKings Inc. (DKNG)DKNGBy: Clark Schultz, SA News Editor13 Comments
  • 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

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