New Jersey Casino Control Commission Approves GNOG Merger, Grants Internet Gambling License

Author: Live Casino Direct
 
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New Jersey Casino Control Commission approves merger of Golden Nugget Online Gaming with Landcadia Holdings II. The commission grants GNOG an internet gaming license. Golden Nugget wants to spin off GNog into its own company to expand across the United States.

Golden Nugget Online Gaming is going public to raise capital for its expensive launches in Pennsylvania and Michigan. It will still be controlled by Tillman Fertitta, the owner of the Golden Nugge Atlantic City. The company will continue to use some of its net gaming revenues to support the casino. Landcadia Holdings II will buy GNOG and change its name to Golden. Nugent Online. Federal regulators still need to approve the merger. New Jersey Casino Control Commission Approves GNog Merger, Grants Internet Gambling License.