HOUSTON, March 16, 2021 /PRNewswire/ -- Golden Nugget
Online Gaming, Inc. (Nasdaq: GNOG) (the "Company") announced today
that it has won one of the few coveted online sports gaming
licenses to be awarded in Virginia
and has been granted a temporary permit to commence online sports
wagering in the State of Virginia.
The Company now has market access to 10 states, legislation and
regulatory approvals permitting.
Thomas Winter, President of GNOG
stated, "We thank the Virginia Lottery for the opportunity to
expand our online business into the Commonwealth of Virginia. Together with our SWaM certified
equity partner, Virginia Sports Technology Group, we are excited to
announce that GNOG will not only be providing Virginians with a
great mobile sportsbook, we will be proudly sharing our revenues
with Virginia's Historically Black
Colleges & Universities." Winter added, "We will be
working hand in hand with the regulators over the next couple of
months to complete all of the required and standard platform
testing so that we will be in a position to start taking bets this
summer."
About GNOG
Golden Nugget Online Gaming 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 past recipient of 15 eGaming Review North
America Awards, including the coveted "Operator of the Year" award
in 2017, 2018, 2019 and 2020.
Forward-Looking Statements
This press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, or the Securities
Act, and Section 21E of the Securities Exchange Act of 1934, as
amended, or the Exchange Act, about us and our industry that
involve substantial risks and uncertainties. All statements other
than statements of historical facts contained in this press
release, including statements regarding market access, guidance,
our expected results of operations or financial condition, business
strategy and plans, user growth and engagement, commencement
of operations, product initiatives, and objectives of
management for future operations, and the impact of COVID-19 on our
business and the economy as a whole, are forward-looking
statements. In some cases, you can identify forward-looking
statements because they contain words such as "anticipate,"
"believe," "contemplate," "continue,"
"could," "estimate," "expect," "expectations,"
"forecast," "going to," "intend," "may," "plan,"
"potential," "predict," "project," "propose," "should,"
"target," "will," or "would" or the negative of these words or
other similar terms or expressions. We caution you that
the foregoing may not include all of the forward-looking statements
made in this press release.
You should not rely on forward-looking statements as predictions
of future events. We have based the forward-looking statements
contained in this press release primarily on our current
expectations and projections about future events and trends that we
believe may affect our business, financial condition, results of
operations, and prospects. 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
GNOG's control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may
affect actual results or outcomes include the inability to obtain
market access to the state of New
York due to the failure of the New
York state legislature to pass necessary legislation
to allow GNOG the ability to operate its business; costs
related to the business combination; the inability to
maintain the listing of GNOG's shares on Nasdaq; GNOG's
inability to obtain licensing approval even if appropriate
legislation is passed; the timing of gaming regulators'
ability to approve our gaming applications and technology;
GNOG's ability to manage growth; GNOG's ability to
execute its business plan and meet its projections;
potential litigation involving GNOG; changes in applicable
laws or regulations, particularly with respect to
gaming; general economic and market conditions
impacting demand for GNOG's products and services, and in
particular economic and market conditions in the media
/ entertainment / gaming / software industry in the
markets in which GNOG's operates; the potential adverse
effects of the ongoing global coronavirus (COVID-19)
pandemic on capital markets, general economic conditions,
unemployment and GNOG's liquidity, operations and
personnel, as well as risks, uncertainties, and other factors
described in the section entitled "Risk Factors" in
GNOG's filings with the SEC, which are available on the
SEC's website at www.sec.gov. Additional information will be
made available in other filings that we make from time to time with
the SEC. In addition, any forward-looking statements contained in
this press release are based on assumptions that we believe to be
reasonable as of this date. We undertake no obligation to update
any forward-looking statements to reflect events or circumstances
after the date of this press release or to reflect new information
or the occurrence of unanticipated events, including future
developments related to the COVID-19 pandemic, except as required
by law.
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SOURCE Golden Nugget Online Gaming, Inc.