AchillesGames

Largest publicly traded on-line betting firm since Draft Kings. LCAis merging with Golden Nugget On-line Gaming into GNOG Friday, 12-18-20. Discounted now after final week. Cease playing on meme shares like broke degenerates and guess on the web playing {industry} like massive cash degenerates. : smallstreetbets

r/smallstreetbets - DD: Biggest publicly traded online betting company since Draft Kings. LCAis merging with Golden Nugget Online Gaming into GNOG Friday, 12-18-20. Discounted now after last week. Stop gambling on meme stocks like broke degenerates and bet on the online gambling industry like big …

TL;DR on the backside in your brief consideration spans.

You heard of Draft Kings? Keep in mind how a lot that stocked jumped up? $10 to $50 in three months, that is a 400% improve. Did fairly effectively did not it. It has been the one publicly traded on-line betting firm on the inventory market until this week.

Landcadia Holdings II LCAis merging with Golden Nugget On-line Gaming to turn into $GNOG on Friday 12-18-20.

The upsides on this firm are enormous:

  • Internet Income of $25.9 million in comparison with $13.5 million throughout the identical interval in 2019, a rise of 92%

  • Gross Gaming Revenues of $28.9 million, in comparison with $14.9 million throughout the identical interval in 2019, a rise of 93%,

  • Working Earnings of $8.2 million versus $4.2 within the third quarter of 2019, a rise of 92%.

The proprietor is Tilman Fertitta, billionaire businessman who owns the Golden Nugget on line casino and betting chain, the Houston Rockets and Landry’s Inc. which is the mum or dad firm that owns the franchise rights to Bubba Gump, Joe’s Crab Shack, Morton’s steak home, Rainforest Cafe amongst 40 different fashionable eating places. He additionally owns a wide range of different properties and enterprise ventures.

“In 2018, his web value was estimated at $4.5 billion, inserting him at No. 153 on the Forbes 400 checklist of the wealthiest Individuals;[1] Forbes calls him the “World’s Richest Restaurateur”.[6] “

https://en.wikipedia.org/wiki/Tilman_Fertitta

https://en.wikipedia.org/wiki/Landry%27s,_Inc.#Properties_and_subsidiaries

The downs sides:

The solely downsides I’ve discovered is that LCAwas created by Tilman, which some individuals discover sketchy, however makes quite a lot of sense to me. He was wanting to deliver his firm public and wished further investments to deliver one of his most profitable firms public.

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r/smallstreetbets - DD: Biggest publicly traded online betting company since Draft Kings. LCAis merging with Golden Nugget Online Gaming into GNOG Friday, 12-18-20. Discounted now after last week. Stop gambling on meme stocks like broke degenerates and bet on the online gambling industry like big …

On-line betting is an ever rising {industry} and in my view Golden Nugget is the one different on-line playing firm value investing in moreover Draft Kings.

The worldwide on-line playing market dimension was valued at USD 53.7 billion in 2019 and is anticipated to develop at a compound annual progress charge (CAGR) of 11.5% from 2020 to 2027.

Supply: https://www.prnewswire.com/news-releases/golden-nugget-online-gaming-reports-record-third-quarter-revenue-301161354.html

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https://www.grandviewresearch.com/industry-analysis/online-gambling-market

TL;DR

LCAis merging with Golden Nugget On-line Betting on Friday, 12-18-20 into $GNOG. Final weeks shit fuckery dropped it down and I feel it will drop a little extra on Monday, making it an excellent time to get in on the one different publicly traded on-line betting firm moreover Draft Kings. It is acquired 4 days to rally and I feel it will pop arduous on merger.

This is lastly a SPAC with an truly helpful firm behind it, a profitable billionaire proprietor and an enormous injection of cash coming. I’m prepared to guess that this on-line betting firm will begin to moon beginning on Friday’s merger vote or the next week after the ticker modifications.

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