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Whether it can remains to be seen, and there are other risks on the horizon. Last fall, shares tumbled from around $18 per share, to under $12 per share, as speculators bailed out of SPAC stocks. 1125 N. Charles St, Baltimore, MD 21201. All rights reserved. Data is currently not available. Digital casino company Golden Nugget Online Gaming (NASDAQ:GNOG) isn’t the only i-gaming company on the market, but it sure is a popular one. New Jersey, Join now and get up to a $1000 free … Considering that, at today’s prices, GNOG’s market capitalization is $1.4 billion, $20 per share could end up looking like a steal in hindsight. If it plays its cards right, this company could generate $2 billion in annual sales by 2030, per estimates from our own Luke Lango. Houston, Texas-based Golden Nugget Online Gaming (NASDAQ:GNOG) stock has been hot since November. Nasdaq 100. Find the latest Golden Nugget Online Gaming, In (GNOG) stock discussion in Yahoo Finance's forum. Gold futures tally a fourth straight session decline, Workhorse Stock Is Surging Because of a Marketwide Short Squeeze, February gold loses $4.30, or 0.2%, to settle at $1,850.90/oz, GameStop stock has another volatile trading day, with more price spikes and trading halts, Twitter permanently bans My Pillow CEO Mike Lindell, Buy DraftKings and Penn National Because Online Gambling Is in Early Innings, Antony Blinken has packed daybook as he takes State Department reins after Senate confirmation, U.S. COVID-19 death toll tops 422,000 as Biden prepares to boost daily vaccination targets, It's a volatile day for GameStop stock, marked by price spikes and trading halts. In short, brace for potential high volatility if you choose to buy GNOG stock at today’s prices. For the best MarketWatch.com experience, please update to a modern browser. Golden Nugget Online Gaming, Inc. (GNOG) estimates and forecasts. Debt-Heavy Golden Nugget Online Gaming Stock Could Be a Disaster Waiting to Happen Consider the risks before taking a position in GNOG stock By Thomas Niel Jan 25, 2021, 7:00 am EST … However, the majority of this debt has been paid off using some of this former SPAC’s IPO proceeds. But, while it’s taken on a new name, the opportunities and risks remain the same. Nasdaq Yet, with the aforementioned risks/uncertainties, coupled with prior price movements, there’s a big risk shares take a dive in the near-term before they continue to rise over the long term. 5 Reddit Stocks That Could Be the Next GameStop >>>, Debt-Heavy Golden Nugget Online Gaming Stock Could Be a Disaster Waiting to Happen, The company has a frightening amount of outstanding debt, The 7 Best Dividend Stocks To Buy On The Market Today, Louis Navellier and the InvestorPlace Research Staff, 3 EV Charging Stocks to Buy for Huge Gains in the 2020s, Stock Market Live Updates Tuesday: Earnings, Social Media Buzz Steal the Show, Don’t Buy CCIV Stock Now. Copyright © 2021 MarketWatch, Inc. All rights reserved. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. This is the result of GNOG’s main principal (billionaire Tillman Fertitta) shifting $300 million in debt off of the books of his privately-held casino, restaurant, and sports team empire, and onto this company’s balance sheet. Golden Nugget Online Gaming could scale into a massive iGaming powerhouse, but a lucrative future is far from guaranteed. GNOGW | Complete Golden Nugget Online Gaming Inc. Wt stock news by MarketWatch. 1 Wall Street analysts have issued ratings and price targets for Golden Nugget Online Gaming in the last 12 months. Their average twelve-month price target is $27.00, predicting that the stock has a possible upside of 31.51%. Article printed from InvestorPlace Media, https://investorplace.com/2021/01/debt-heavy-gnog-stock-disaster-waiting/. Have Watchlists? Fertitta … Diving in today may not be the best move. Something went wrong while loading Watchlist. HOUSTON, Jan. 21, 2021 /PRNewswire/ -- Golden Nugget Online Gaming (Nasdaq: GNOG) has received authorization from the Michigan Gaming Control Board (MGCB) to start offering its Online Casino … Share your opinion and gain insight from other stock traders and investors. Golden Nugget Online Gaming, now active on the Nasdaq stock exchange under Landcadia Holdings II, is valued at $745 million. By using this site you agree to the Log in to see them here or sign up to get started. Golden Nugget Online Gaming Is now public and worth 65% more. Golden Nugget Online Gaming started at buy with $27 stock price target at Benchmark By MarketWatch - Jan 13, 2021 This is a Real-time headline. 2021 InvestorPlace Media, LLC. Copyright © 2021 InvestorPlace Media, LLC. But Wall Streeters kicking the tires say … The #1 NJ online casino offers progressive online slots, online blackjack, roulette, live dealer casino, video poker, keno and an online Sportsbook. 1125 N. Charles St, Baltimore, MD 21201. That is to say, there’s big potential for this iGaming company to scale up massively in the coming decade. $20.38. It’s easy to see a similar pullback happen again down the road. Cookie Notice. Formerly known as Landcadia Holdings II, this special purpose acquisition company (SPAC) closed on its merger with previously private-held Golden Nugget Online Gaming. Copyright © InvestorPlace’s Will Ashworth highlighted a major one in his Jan. 19 article on GNOG stock. Find the latest Golden Nugget Online Gaming, In (GNOG) stock quote, history, news and other vital information to help you with your stock trading and investing. Putting it simply, shares at today’s prices imply the company’s expansion in other states will go off without a hitch. View the basic GNOG option chain and compare options of Golden Nugget Online Gaming, In on Yahoo Finance. Golden Nugget Online Gaming is a Market Leader Golden Nugget Online Gaming is one of five leading players in New Jersey’s established iGaming market, with the other operators being … Putting it simply, it may not be worth it to enter a position now, as it trades near all-time highs. Intraday data delayed at least 15 minutes or per exchange requirements. If the Golden Nugget Online Gaming merger goes through, it will become only the second pure, publicly traded online casino operating in the country after DraftKings (NASDAQ:DKNG), which … The high price target for GNOG is $27.00 … Looking to buy Golden Nugget Online Gaming stock? But, with higher expected profit margins, iGaming may be the most lucrative segment of this emerging industry. Houston, Texas-based Golden Nugget Online Gaming (NASDAQ: GNOG) stock has been hot since November.In the past three months, GNOG stock has gone up about 60% and is currently … Holding steady at just over $20 per share, is now the take to make a wager on Golden Nugget Online Gaming (NASDAQ:GNOG)? Sure, some big changes have happened in the past month, but GNOG stock still looks iffy. I’m sure you are well aware of the online gambling megatrend. So far, much of the attention for this megatrend has focused on sportsbook stocks. Golden Nugget Online Gaming, Inc. Class A Common Stock. I’m talking about Golden Nugget Online Gaming (NASDAQ: GNOG). On the date of publication, Thomas Niel did not (either directly or indirectly) hold any positions in the securities mentioned in this article. The 2021 estimates are for Golden Nugget Online Gaming… Another issue is one that has less to do with this company specifically, and more with online gambling stocks in general. Tilman Fertitta owns Golden Nugget Online, and will continue to serve as CEO. The 63-year-old billionaire casino mogul told CNBC last month that he’s looking to list a minority stake in Golden Nugget on a public stock exchange. As I wrote back in December, annual revenues could soar more than five-fold by 2025. Privacy Notice, and Historical and current end-of-day data provided by FACTSET. The stock's name will then change to Golden Nugget Online Gaming, with the ticker symbol GNOG. That brings us to the bear case. Golden Nugget Online Gaming, Inc. operates as an online casino gaming company. If the company hits some hiccups in the near-term, investors could get skittish. Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. Intraday Data provided by FACTSET and subject to terms of use. The company has a frightening amount of outstanding debt. Much as with EV stocks, online gambling stocks could be in the midst of a bubble. In the past three months, GNOG stock has gone up about 60% and is currently hovering … Subscriber Agreement & Terms of Use, But this “also-ran” doesn’t need to dominate the market for GNOG stock to be a winner in the coming years. -0.38 (-1.83%) DATA AS OF Jan 19, 2021. GNOG will have to achieve similar levels of success in new markets like Michigan, Pennsylvania, and West Virginia. Golden Nugget Online Gaming is a Market Leader Golden Nugget Online Gaming is one of five leading players in New Jersey’s established iGaming market, with the other operators being … Thomas Niel, a contributor to InvestorPlace, has written single stock analysis since 2016. This browser is no longer supported at MarketWatch. However, this potential is more than reflected in its current share price. So, what’s the verdict with GNOG stock? A golden ticket Landcadia is trying to bring Golden Nugget Online Gaming (GNOG) public through the merger with the SPAC, a maneuver that has gained popularity this year and brought public … It may also lack the deep pockets of gaming industry giants like Caesars (NASDAQ:CZR) and MGM (NYSE:MGM). Keep downside risk in mind before entering a position. All rights reserved. View real-time stock prices and stock quotes for a full financial overview. There are currently no items in this Watchlist. Add to Watchlist. All quotes are in local exchange time. It may not be the largest online gambling company out there. quotes delayed at least 15 minutes, all others at least 20 minutes. But, as is the case with most growth stocks, it’s easy to focus too much on what’s possible, and not enough on what’s probable. Think DraftKings (NASDAQ:DKNG), and Penn National (NASDAQ:PENN), the most high-profile plays out there. Along with the aforementioned uncertainties with its multi-state expansion, there are other risks on the table. As mentioned above, there’s good reason why investors are excited about Golden Nugget Online Gaming. And, there could even be more substantial potential runway than a surge from around $122 million to $635 million per year in annual sales. Find real-time GNOG - Golden Nugget Online Gaming Inc stock quotes, company profile, news and forecasts from CNN Business. The company is headquartered in Houston, TX. GNOG stock is worth $33.92, using the 19.5 EV-to-sales ratio from DraftKings. And while GNOG stock hasn’t been … If this bubble pops in the coming months, names across the sector could fall sharply from current levels. (GNOG) Nasdaq Listed. Although the company’s gross gaming revenue before excise taxes in New Jersey came in at $318.9 million for 2020 according to regulatory filings, “crushing it” in the Garden State isn’t enough. Get the stock price and latest news for GNOG and start trading today with zero commissions. Real time Golden Nugget Online Gaming (GNOG) stock price quote, stock graph, news & analysis. It’s questionable. Visit a quote page and your recently viewed tickers will be displayed here. Over the long-term, Golden Nugget Online Gaming could live up to investors’ current sky-high expectations. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. As cash-strapped states continue to legalize online gambling, this fast-growing sector could eventually generate as much as $20 billion in annual revenue. Create a list of the investments you want to track. But Pounce on the Lucid Motors Merger, 7 Dividend Aristocrats That Will Outlive Us All, Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs, CCIV Stock: Rumors of a Lucid Motors SPAC Merger Delay Spur Pullback, 7 Growth Stocks in The S&P’s Hottest Sectors That Are Primed to Explode. Hey! A massive iGaming powerhouse, but GNOG stock at today ’ s the verdict with stock! Today ’ s IPO proceeds intraday data delayed at least 15 minutes All... Company ’ s big potential for this megatrend has focused on sportsbook stocks a!, names across the sector could eventually generate as much as $ 20 in. Stock news by MarketWatch Niel, a contributor to InvestorPlace, has written single stock since. Financial overview month, but GNOG stock viewed tickers will be displayed here stock traders and investors data U.S.!, company profile, news and forecasts current levels and Cookie Notice stocks be... 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