The market’s five-year-average forward earnings multiple is right around 17X. Based on the LCA stock price today, Golden Nugget is being valued at just $900 million. Find the latest Golden Nugget Online Gaming, In (GNOG) stock quote, history, news and other vital information to help you with your stock trading and investing. A high-level overview of Golden Nugget Online Gaming, Inc. (GNOG) stock. Golden Nugget Online Gaming, Inc. is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. But, at a $20 billion market cap, DraftKing stock now feels fully priced for enormous long-term success in disrupting the $80 billion U.S. gambling market, meaning that the best time to buy DKNG stock has already passed. Today, the company operates exclusively in the New Jersey iGaming market, where it controls about 13% of the market, making it tied for the second largest iGaming platform in New Jersey. Company profile page for Golden Nugget Inc including stock price, company news, press releases, executives, board members, and contact information Company Name: Golden Nugget Online Gaming Inc., Stock Symbol: GNOG, Industry: Gaming and Casinos, Total Posts: 1176, Last Post: 1/20/2021 10:06:35 PM The Company's shares of Class A … Given how seamlessly the gambling process can be digitized — and how high-quality that iGaming experience is — it’s quite likely that ~20% of the global gambling market gets digitized by the end of the decade. GNOG stock is worth $33.92, using the 19.5 EV-to-sales ratio from DraftKings. The excitement surrounding Landcadia Golden Nugget is because billionaire Tilman […] Since then, DKNG stock rose as much as 83%. Prior to that, LCA stock had stayed near the $10 level as the investing community awaited more information. He is simply suggesting the possibility. Following the closing of the merger, Landcadia Holdings plans to change the name of the combined company to Golden Nugget Online Gaming and to change its ticker symbol to GNOG. iGaming offers consumers an equally great experience as in-casino gambling, with superior convenience, access, and affordability (you can play a game of virtual poker or black jack, and win real money, by just sitting at your home and clicking a few buttons on your computer). I think that’s totally doable — and if it happens, LCA could rise more than 10X. Subscribe To Me Here! The company launches upwards of a dozen new exclusive casino games every year, giving the company a formidable and growing content moat. Golden Nugget Online Gaming, Inc. ("GNOG" or the "Company") reported selected financial results for the second quarter of 2020. If you’re bullish on the iGaming revolution like me, then instead of chasing overbought and overvalued DKNG stock here and now, go out and take advantage of recent weakness in LCA. Golden Nugget customers can wager on NBA games, but not those involving the Rockets. Landcadia Lands Electoral Bliss. Golden Nugget Online Gaming Inc Cl A LCA Financial Services Landcadia Holdings II Inc is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As of the date of publication of this article, the merger date has yet to be announced. But it’s really just the tip of the iceberg when it comes to LCA stock, and in order to understand the full bull thesis here, we need to understand Golden Nugget Online Gaming’s history. The … Golden Nugget is now active on the Nasdaq stock exchange under Landcadia Holdings II (LCA). This is not a temporary shift. The U.S. gambling market measured roughly $80 billion in 2018. Golden Nugget Online Gaming – or GNOG, for short – is a pure iGaming spin-off of that larger physical casino business. With LCA rocketing to $16, the deal now values Golden Nugget Online Gaming around 10x next year's estimated revenues with a market cap around $1.2 … Landcadia Holdings II, Inc. NASDAQ: LCA. Upon the Closing of transaction, New GNOG will be organized in an umbrella partnership C-corporation, or“Up-C” structure, in which substantially all of the assets of New GNOG will be held indirectly through GNOG LLC. 1125 N. Charles St, Baltimore, MD 21201. Copyright © 2021 InvestorPlace Media, LLC. You may recognize the “Golden Nugget” part of the company’s name. That math makes $600 million in net profits seem doable by 2030. On Tuesday, shareholders of Landcadia Holdings II (NASDAQ:LCA)., a special-purpose acquisition company, better known as SPAC, approved a merger with the fast-growing online gambling company . Golden Nugget has the biggest online casino in New Jersey with over $289.4 million in revenue so far ... LCA. By itself, that’s an attractive reason to buy LCA. With LCA rocketing to $16, the deal now values Golden Nugget Online Gaming around 10x next year's estimated revenues with a market cap around $1.2 billion. Golden Nugget Online Gaming is one of five leading players in New Jersey’s established iGaming market, with the other operators being DraftKings (super richly valued), FanDuel (private), MGM (part of a bigger casino operator) and Caesars (also part of a bigger casino operator). Golden Nugget Stock has 10X Upside Potential The math behind potential 10X gains in LCA isn’t hard to follow. LCA: Golden Nugget Online Gaming Inc: NASDAQ: LCAHU: stock Unknown / Not Listed: Golden Nugget Online Gaming Inc: NASDAQ: GNOGW: stock Listing Status: Golden Nugget Online Gaming Inc: NASDAQ: GNOG: stock Listing Status: Landcadia Holdings II Inc - Ordinary Shares - Class A: NASDAQ: LCA: symbol Landcadia Holdings II, Inc. LCA: S WTS LANDCADIA HOLDINGS II INC WARRANT: NSDQ: LCAHW: EQ: … The company will eventually re-adopt the Golden Nugget name and change its … Golden Nugget is an early leader in the fast ... which means investors can buy the stock in anticipation of the deal ... and when it does, the trading symbol will change to "GNOG" from "LCA." In New Jersey – which is home to America’s most established and mature online gambling market – iGaming revenues rose an astounding 40% from January to April 2020. Golden Nugget Online Gaming, Inc is primarely in the business of services-prepackaged software. When Landcadia Holdings (NASDAQ: LCA) signed a merger agreement with Golden Nugget Online Gaming on June 29, LCA stock took off like a rocket. ". Golden Nugget’s is — both because Golden Nugget Online Gaming’s marketing is casino-first and because the name is Golden Nugget. Upon the closing of this business deal, the Company will change its name to “Golden Nugget Online Gaming, Inc.” and will be referred to as “New GNOG”. Golden Nugget Online Gaming, Inc. Class A Common Stock (GNOG) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Golden Nugget (lca stock) | Rush Street (dmyt stock) | Update & AnalysisBoth stocks have been doing amazing in the last few days. Of course, the bull thesis on LCA is that Golden Nugget will be able to leverage competitive advantages to sustain ~10% share of the iGaming market as that market booms and goes national in the 2020s, with the big upside potential coming the divergence between the market opportunity here ($100 billion) and Golden Nugget’s current market cap ($900 million, based on the LCA stock price today). Now for a limited time… you can get in for just $19. To that end, then, Golden Nugget Online Gaming is the only reasonably valued, public pure-play on the iGaming boom. There Are Better Options in Streaming. When LCA stock merges with Golden Nugget Online at the end of this month, it could skyrocket. Get Golden Nugget Online Gaming, Inc.'s stock price today. 1125 N. Charles St, Baltimore, MD 21201. Dive deeper with interactive charts and top stories of GOLDEN NUGGET ONLINE GAMING, INC.. Upon completion of the business combination, Landcadia changed its name to Golden Nugget Online Gaming, Inc. Landcadia Holdings II (NASDAQ: LCA) signed a merger agreement with Golden Nugget Online Gaming on June 29. The potential upside in this name over the next decade is enormous. Economies of scale should push that up to 40% at scale. Engaged more with digital work platforms like Slack and Teams. Because GNOG stock was already trading for the last 6 months, under a different ticker (LCA) and under a different name, Landcadia Holdings II. InvestorPlace - 2 months ago. If Golden Nugget controls ~10% of that market, that further implies $2 billion in gross gaming revenue by 2030. Golden Nugget Online Gaming is the #1 NJ online casino offering progressive online slots, online blackjack, roulette, live dealer casino, video poker, keno and an online Sportsbook. A 17X multiple on $600 million in 2030 net profits implies a decade-end valuation for Golden Nugget of over $10 billion. tilman fertitta golden nugget interview | lca stock ( gnog ) robinhood investing webull link $100 portfolio series - get free stocks - deposit $100... Trading videos HODL This … Golden Nugget Online Gaming — valued at just $900 million today — has enormous long-term upside potential. Covid-19 changed the world in a lot of ways. Thanks to these four compelling competitive advantages, it seems very likely that Golden Nugget will sustain ~10% share of the iGaming market for the foreseeable future. GNOG Stock IPO: Golden Nugget Online Gaming Reverse Merger Lancadia Holdings (LCA) We have seen plenty of IPOs over the course of 2020. "give him a break. The deal was well received by investors, who have bid up LCA stock more than 100% since its announcement. LANDCADIA HOLDI/SH CL A (NASDAQ: LCA) announced Monday that it is acquiring Golden Nugget Online Gaming, Inc. in a move to take Golden Nuggett's … For financial reporting, their fiscal year ends on December 31st. Perhaps most obviously, it accelerated the world’s shift into the modern digital era. On Tuesday, shareholders of Landcadia Holdings II (NASDAQ:LCA)., a special-purpose acquisition company, better known as SPAC, approved a merger with the fast-growing online gambling company . After the success of Nikola and DraftKings, investors are focused on finding the next triple-digit runner. Transaction & Enterprise value of approximately $745 million. LANDCADIA HOLDI/SH CL A (NASDAQ: LCA) announced Monday that it is acquiring Golden Nugget Online Gaming, Inc. in a move to take Golden Nuggett’s … Golden Nugget Online Gambling (GNOG) stock is on a tear in 2020 with a 150% gain for the year as of December 29. Golden Nugget Online Gaming ($LCA To $GNOG) now has a date set to complete its merger with $GNOG! LCA stock surged higher on June 29, 2020, after the company announced that it was acquiring Golden Nugget Online Gaming. On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. Stock analysis for Golden Nugget Online Gaming Inc (LCA) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The New Daily 10X Stock Report: 98.7% Accuracy – Gains Up to 466.78%. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. PURCHASERS OF LCA STOCK PRIOR TO JUNE 29, 2020- SHAREHOLDER VOTE SET FOR DECEMBER 18, 2020: Brodsky & Smith, LLC Continues Investigation of Landcadia Holdings II, Inc. (Nasdaq - LCA) and the Role of Tilman Fertitta on Both Sides of the Proposed Transaction with Golden Nugget … At least for now. LCA stock quote, chart and news. Lancadia Holdings II (LCA) Stock to Change Tickers to Golden Nugget Online Gaming (GNOG) The reverse merger between Lancadia Holdings II and Golden Nugget Online Gaming (GNOG) was announced in June 2020. Article printed from InvestorPlace Media, https://investorplace.com/2020/10/why-lca-stock-could-rise-10x/. Digital casino company Golden Nugget Online Gaming (NASDAQ:GNOG) isn’t the … So long as Golden Nuggets keeps killing it on this front, the platform will continue to foster exceptional customer loyalty. Matt McCall and the InvestorPlace Research Staff, Don’t Buy CCIV Stock Now. Pass on FuboTV Stock. I’m a big bull when it comes to online gambling (or “iGaming”), saying back in mid-August that DraftKings (NASDAQ:DKNG) stock was a great buy to play this emerging megatrend. | AVOID SPAC Trading Beginners Mistake| Golden nugget Stock Trading Advice Enter your email address to subscribe to Idaho Reporter and receive latest news by email. Landcadia Holdings II Inc. (Nasdaq: LCA), a special purpose acquisition company, will acquire Golden Nugget Online Gaming Inc., making it only the … Landcadia stock trades under the ticker “LCA Stock” and jumped over 40% during normal hours and another 13% or so after hours. Other publications have expected an update on the merger in the 4th quarter of 2020. Assuming this growth cadence persists, then the market will measure at least $100 billion by 2030. A Golden Nugget IPO Weighs on LCA Stock Bloomberg reported yesterday that Tilman Fertitta, the billionaire behind Golden Nugget Online Gaming, has been discussing an … LCA is one of the only pure plays on the iGaming sector and has huge growth potential. Why? Golden Nugget Online Gaming will join the public markets this week. It's a big reason not to buy LCA stock. Golden Nugget Online Gaming, Inc. is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. LCA stock is falling on rumors that more of Tilman Fertitta's Golden Nugget casino business could be coming public. All rights reserved. View the latest GNOG stock quote and chart on MSN Money. Gambled online more. InvestorPlace - 2 months ago. That implies a U.S. iGaming market of $20 billion by 2030. Watched more Netflix shows. Fourth, Golden Nugget has a business edge over everyone thanks to something called a “Live Dealer Studio” – which, as the name implies, enables virtual tables players to interact with a live dealer via visual and audio (the company has entire “ghost” casinos set up with just dealers, tables, and cameras). Based on the LCA stock price today, Golden Nugget is … That’s because it’s a large casino brand with properties in Las Vegas and Atlantic City, which itself is part of a bigger hospitality company named Landry’s that owns 600 shopping outlets, 3 hotels, 2 amusement parks, and 5 casinos across America. 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