The deal is expected to be closed in 2022.
US.- DraftKings has agreed to acquire US online casino operator Golden Nugget Online Gaming in an all-stock deal worth $1.56bn.
The deal gives DraftKings access to Golden Nugget’ 5 million customers.
DraftKings CEO and chairman Jason Robins said: “Our acquisition of Golden Nugget Online Gaming, a brand synonymous with iGaming and entertainment, will enhance our ability to instantly reach a broader consumer base, including Golden Nugget’s loyal ‘igaming-first’ customers”.
Golden Nugget Online CEO Tilman Fertitta said: “This transaction will add great value to the shareholders as two market leaders merge into a leading global player in digital sports, entertainment and online gaming”.
The acquisition is subject to the approval of Golden Nugget Online Gaming shareholders but has been approved by the Board of Directors of both companies. The deal is expected to close in the first quarter of 2022.