DraftKings buys Golden Nugget Online Gaming for nearly $1.6 billion
CNN
DraftKings is making an even bigger bet on the business of high-stakes wagers, buying Golden Nugget Online Gaming, another leader in the online casino world, for $1.56 billion.
Shares of Golden Nugget Online Gaming skyrocketed nearly 50% on the news. The company is controlled by Tilman Fertitta, the billionaire owner of the Houston Rockets NBA team. The high-priced deal is the latest development in the rapid growth of the online gambling world. As more states legalize sports betting as well as online casino games such as poker and blackjack, companies like DraftKings are trying to attract gamblers of all types.
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