Golden Nugget beats growth targets for Q2

The iGaming company saw revenue grow 84.3 per cent year-on-year.

US.- Golden Nugget iGaming has beat targets for Q2, reporting 84.3 per cent growth in revenue to a total of $28.2 million.

The New Jersey company’s revenues for the same period in 2019 was $15.3 million.

Golden Nugget is looking to expand in other markets within the US. It has also secured a deal to launch on the Nasdaq.

Senior Vice President and General Manager, Thomas Winter, said “Our second quarter beat our target, supported by record players activity and Average Revenue per User (ARPU).

“Our online play has remained strong in July and into August, and we are confident that we will exceed our revenue and operating income forecast in New Jersey this year.

“We look forward to expanding our operations to Pennsylvania and Michigan, where our licensing process is ongoing. We are closely monitoring the legislative momentum in other states and, with the access to capital provided by the proposed transaction with Landcadia, we will seek to expand our US online gaming business, wherever regulations provide for profitable growth opportunities.”

Like in many other states, the online gaming market in New Jersey has thrived post-lockdown, generating a total of $87.5 million in revenues for July.