
Golden Nugget Atlantic City could become the first casino in the United States whose revenue from internet gaming matches or exceeds earnings from table games and slots.
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State gaming regulators will hold a special meeting next week to consider a request by Golden Nugget Atlantic City to essentially split off internet gaming operations from its brick-and-mortar casino and take the new digital entity public.
Golden Nugget has petitioned the state to approve a merger that would result in the formation of a distinct online gaming company, licensed in New Jersey through the land-based casino, whose shares would be sold on Nasdaq. Federal regulators also must approve the deal before it is finalized.
The Casino Control Commission will hold a public hearing at 10 a.m. Wednesday.
According to the petition, Landcadia Holdings II Inc., a special purpose acquisition company, will acquire Golden Nugget Online Gaming Inc.
ATLANTIC CITY — A record-setting month for legal sports betting and a triple-digit percentag…
The new entity will be only the second pure publicly traded online casino company in the United States, according to a June news release announcing the merger.
Landcadia II, a blank-check company launched by billionaire Tilman Fertitta, is currently traded under the symbol “LCA” but will change its name to Golden Nugget Online Gaming Inc., and its Nasdaq trading symbol to “GNOG.”
Fertitta, owner of five Golden Nugget casinos; Landry’s Inc.; restaurant chains such as Rainforest Cafe, Bubba Gump Shrimp Co. and Morton’s The Steakhouse; and the NBA’s Houston Rockets, will remain chairman and CEO of the new company. Thomas Winter, who has led Golden Nugget’s online gaming operations since it debuted in New Jersey in 2013, will be president of GNOG.
Golden Nugget Atlantic City has been the standard bearer and market leader for internet gambling in New Jersey. In 2019, Golden Nugget reported more than $177 million in online gaming revenue. The land-based casino only generated $22 million more than online for the entire year.
Through the first 10 months of 2020, Golden Nugget has reported more than $263 million from online gaming.
Atlantic City’s casinos were ordered closed March 16 by Gov. Phil Murphy to mitigate the spread of the coronavirus. While closed, the governor permitted online casino gaming and sports betting to continue. The city’s nine casinos were allowed to reopen July 2.
GALLERY: Atlantic City casinos reopen after COVID-19 shutdown
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Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

In the weeks following their early July reopening, President Joe Lupo said Hard Rock Hotel & Casino Atlantic City has seen more older gamblers return, particularly as the public becomes more aware of the health and safety protocols the casinos are following.
Atlantic City Casino reopen

Tables fill up quickly with masked gamblers Thursday as Hard Rock Hotel & Casino Atlantic City reopens.
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Temperature scanners make sure guests do not have fevers at Hard Rock Hotel & Casino Atlantic City.
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hard Rock Hotel Casino Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

An employee installs Plexiglass barriers at a table Thursday at Ocean Casino Resort.
Atlantic City Casino reopen

The gaming floor bustles Thursday at a reopened Ocean Casino Resort in Atlantic City.
Atlantic City Casino reopen

Golden Nugget Atlantic City Hotel, Casino & Marina re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Golden Nugget Atlantic City Hotel, Casino & Marina re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Golden Nugget Atlantic City Hotel, Casino & Marina re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Golden Nugget Atlantic City Hotel, Casino & Marina re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Golden Nugget Atlantic City Hotel, Casino & Marina re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Some slot machines are disabled to allow for social distancing Thursday at Golden Nugget Atlantic City.
Atlantic City Casino reopen

Golden Nugget Atlantic City Hotel, Casino & Marina re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Golden Nugget Atlantic City Hotel, Casino & Marina re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Tropicana Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Tropicana Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Tropicana Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Tropicana Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Tropicana Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Tropicana Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Signs remind patrons to maintain social distancing Thursday at Tropicana Atlantic City.
Atlantic City Casino reopen

Signs outline staff health and safety procedures Thursday at Tropicana Atlantic City.
Atlantic City Casino reopen

Tropicana Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Tropicana Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Tropicana Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Hand sanitizer stations are set up on the floor Thursday at Tropicana Atlantic City.
Atlantic City Casino reopen

Tropicana Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Jason Gregorec, General Manager at Tropicana Atlantic City talks about the re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
Atlantic City Casino reopen

Ocean Casino Resort in Atlantic City re-open to the public Thursday July 2, 2020. Edward Lea Staff Photographer / Press of Atlantic City
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