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

Deals & Cases
August 9, 2021
DraftKings to Acquire Golden Nugget Online Gaming in an All-Stock Transaction Background Image
Deals & Cases
August 9, 2021

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.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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