DraftKings announced it was to acquire Golden Nugget Online Gaming an all-stock transaction worth about $1.56 billion. $GNOG is an online gambling company focused on iGaming. Market Reaction Golden Nugget Online Gaming GNOG +50% DraftKings DKNG 52.26 +0.67 +1% What is iGaming iGaming includes online sports betting, slots, poker, and other virtual gambling. GNOG only offers iGaming in the US, which does not help to establish a presence in Canada, where online gambling is reportedly expected to be legalized sometime … Continue reading “DraftKings Buys Golden Nugget Online Gaming For $1.56 Billion”