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DraftKings to Acquire Golden Nugget Online Gaming in an All-Stock Transaction

DraftKings to Acquire Golden Nugget Online Gaming in an All-Stock Transaction Background Image

Vinson & Elkins advised Spectrum Gaming Capital as financial advisor to Golden Nugget Online Gaming, Inc. in a definitive agreement between DraftKings Inc. and Golden Nugget Online Gaming, Inc. for DraftKings to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion.

The V&E corporate team was led by partner John Kupiec with assistance from associate Mariam Boxwala. Also advising was real estate partner Wally Schwartz.

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For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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