11/17/2023 0 Comments Golden nugget online casino stock![]() While GNOG isn't getting the same hype as DraftKings, the company has the same growth opportunity. Despite being public for over a month now, financial sites such as Yahoo! Finance have limited news articles on the online gambling stock. ![]() The data suggested the stock would see some similar hype as DraftKings, yet GNOG has already dipped from a pre-merger high of $23 to only $18 now. The company came public with a focus on the New Jersey iGaming market and an annual revenue run rate approaching $100 million while promising quick entry into Michigan and Pennsylvania. ![]() Image Source: Golden Nugget Online website Big Pictureĭespite all of the hype in online gambling with DraftKings ( NASDAQ: DKNG) soaring above $50 and a $22 billion valuation, the market has almost completely ignored GNOG. My investment thesis remains very bullish on GNOG as the stock dips down to $18. The online gambling company recently launched service in a second state and is poised for additional expansion. Despite closing the SPAC business combination back on December 29, Golden Nugget Online Gaming ( GNOG) has seen very limited media coverage in January.
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