Full year results 2020

Golden Nugget Online Gaming GGR up 65.8% in 2020

| By Daniel O'Boyle
Golden Nugget Online Gaming (GNOG) reported a 65.8% year-on-year rise in gross gaming revenue for 2020 to between $101.0m and $102.0m, in its first results since spinning off from the land-based Landry’s business.

Breaking down this gross gaming revenue total, GNOG made $79.0m in net gaming revenue, up 65.6% year-on-year, while players wagered a further $22.0m, up 66.7%, through promotional credits or towards progressive jackpots.

The operator’s total revenue is set to fall between $90.0m and $91.0m, up 63% year-on-year, though it did not outline non-gaming revenue.

GNOG added that it expects its operating income to end up between $28.0m and $29.0m before costs related to the merger with with special purpose acquisition company (SPAC) Landcadia Holdings II.

Read the full story on iGB North America

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