DraftKings Acquires Golden Nugget – Analysis

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Yesterday, DraftKings Inc. (DKNG) announced an agreement to buy Golden Nugget Online Gaming Inc. (GNOG) in an all-stock merger valued at about $1.56 billion. Overview DraftKings expects to use the combined resources to boost sales and market share.Golden Nugget had a dual brand strategy in Sportsbook and iGaming. The sportsbooks will be rebranded as DraftKings.DraftKings…

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