HOUSTON, Aug. 30, 2021 /PRNewswire/ -- Golden Nugget
Online Gaming, Inc. (Nasdaq: GNOG) ("GNOG") along with its partner
Grand Canyon Resort Corporation ("GRCR"), a wholly owned company of
the Hualapai Tribe, announced today that the Arizona Department of
Gaming has awarded the partnership an online tribal event wagering
operator license.
Thomas Winter, President of GNOG
stated, "We thank the Arizona Department of Gaming for the
opportunity to expand our online operations into the state of
Arizona and together with GCRC and
the Hualapai Nation, we look forward to providing Arizonians with
our premier sports betting offerings."
"The Hualapai Tribe is pleased to have been approved for an
event wagering license in Arizona
and looks forward to this opportunity to earn additional gaming
revenue to support the Hualapai people," said Dr. Damon R. Clarke, Chairman of the Hualapai Tribe.
"With an outstanding partner in Golden Nugget, we will establish a
top-tier event wagering operation through our Grand Canyon Resort
Corporation. The Golden Nugget brand is certainly no stranger
to the residents of Arizona. With the Las Vegas and Laughlin casino properties bordering our
state, Golden Nugget has been providing legal sports betting and
casino wagering entertainment to Arizonans for over 70 years.
We are pleased to be associated with such an iconic brand and
anticipate this being a long and prosperous partnership for the
Hualapai Tribe."
About GNOG
Golden Nugget Online Gaming, Inc. is a leading online gaming
company that is considered a market leader by its peers and was
first to bring Live Dealer and Live Casino Floor to the United States online gaming market. GNOG
was the recipient of 17 eGaming Review North America Awards,
including the coveted "Operator of the Year" award in 2017, 2018,
2019 and 2020.
About The Hualapai Tribe
The Hualapai Tribe is a federally recognized Indian Tribe
located in northwestern Arizona.
"Hualapai" (pronounced Wal-lah-pie) means "People of the Tall
Pines." In 1883, an executive order established the Hualapai
reservation. The reservation encompasses about one million
acres along 108 miles of the Grand
Canyon and Colorado River, occupying part of three northern
Arizona counties: Coconino, Yavapai, and Mohave.
About Grand Canyon Resort Corporation
Grand Canyon Resort Corporation (GCRC) is wholly owned by the
Hualapai Tribe and is located in Peach
Springs, Arizona. In 1988, the Hualapai Indian Tribe, which
has occupied the land since 1883, established GCRC, welcoming
millions of visitors each year to tour the area, including the
nearby lodge, ranch, river rafting company and Grand Canyon
West.
Cautionary Statement Regarding Forward-Looking
Statements
This communication may contain forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and the Private Securities Litigation Reform Act of
1995, known as the PSLRA. When used in this communication, the
words "estimates," "projected," "expects," "anticipates,"
"forecasts," "plans," "intends," "believes," "seeks," "may,"
"will," "should," "future," "propose" and variations of these words
or similar expressions (or the negative versions of such words or
expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside of GNOG's control, that could
cause actual results or outcomes to differ materially from those
discussed in the forward-looking statements. These forward-looking
statements include, without limitation, DraftKings' and GNOG's
expectations with respect to future performance and anticipated
financial impacts of the proposed merger, the satisfaction of the
closing conditions to the proposed merger and the timing of the
completion of the proposed merger. These forward-looking statements
involve significant risks and uncertainties that could cause the
actual results to differ materially from the expected results. Most
of these factors are outside DraftKings' and GNOG's control and are
difficult to predict. Factors that may cause such differences
include, but are not limited to: (1) the outcome of any legal
proceedings that may be instituted against DraftKings and GNOG
following the announcement of the definitive merger agreement
between DraftKings and GNOG (the "Merger Agreement") and the
transactions contemplated therein; (2) the inability to complete
the proposed merger, including due to failure to obtain approval of
the stockholders of GNOG, approvals or other determinations from
certain gaming regulatory authorities, or other conditions to
closing in the Merger Agreement; (3) the occurrence of any event,
change or other circumstance that could give rise to the
termination of the Merger Agreement or could otherwise cause the
transactions contemplated therein to fail to close; (4) the
inability to obtain or maintain the listing of the shares
of Class A Common Stock of the combined company on
Nasdaq following the proposed merger; (5) the risk that the
proposed merger disrupts current plans and operations as a result
of the announcement and consummation of the proposed merger; (6)
the ability to recognize the anticipated benefits of the proposed
merger, which may be affected by, among other things, competition
and the ability of the combined company to grow and manage growth
profitably and retain its key employees; (7) costs related to the
proposed merger; (8) changes in applicable laws or regulations,
particularly with respect to gaming, gambling, sportsbooks, fantasy
sports and other similar businesses; (9) the possibility that
DraftKings, GNOG or the combined company may be adversely affected
by other economic, business, and/or competitive factors, (10)
market and supply chain disruptions due to the COVID-19 outbreak or
other epidemics, pandemics or similar public health events; and
(11) other risks and uncertainties indicated from time to time in
the information/prospectus relating to the proposed merger,
including those under "Risk Factors" in GNOG's filings with the
SEC. GNOG cautions that the foregoing list of factors is not
exclusive. GNOG cautions readers not to place undue reliance upon
any forward-looking statements, which speak only as of the date
made. For a discussion of additional risks and uncertainties, which
could cause actual results to differ from those contained in the
forward-looking statements, see GNOG's filings with the SEC. GNOG
does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
No Offer or Solicitation
This communication is not intended to and shall not constitute
an offer to buy or sell or the solicitation of an offer to buy or
sell any securities, or a solicitation of any vote or approval, nor
shall there be any offer, solicitation or sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offer of securities
shall be made in the United States
absent registration under the U.S. Securities Act of 1933, as
amended ("Securities Act"), or pursuant to an exemption from, or in
a transaction not subject to, such registration requirements.
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SOURCE Golden Nugget Online Gaming, Inc.