Golden Nugget has secured entry into the state of West Virginia via a market access agreement with Greenbrier Hotel Corporation.
Golden Nugget Online Gaming (GNOG), the online arm of the Golden Nugget casino chain, has secured market access in West Virginia after entering a deal with Greenbrier Hotel Corporation.
This marks the fifth state in which Golden Nugget has secured market access to and comes after it secured entry into the Illinois betting market.
What’s covered in the deal
Under the deal, GNOG will be able to launch its online sports betting and online casino products in West Virginia under The Greenbrier’s skin.
The deal, which is subject to regulatory approval, will see GNOG pay The Greenbrier a percentage of online net gaming revenue, subject to minimum royalty payments. The venue is owned by West Virginia’s Governor Jim Justice.
The state’s regulations allow land-based licensees to issue up to three skins for online sports betting and three skins for online casinos. GNOG will now join FanDuel and BetMGM, The Greenbrier’s first two sports betting partners. Golden Nugget also marks the venue’s second online casino partner after BetMGM.
Tilman J. Fertitta, owner and CEO of GNOG, said: “The partnership with The Greenbrier is an important milestone for the Golden Nugget online gaming expansion plans. We look forward to providing West Virginian players with our best-in-class product.
Thomas Winter, President of GNOG, added: “We are excited to partner with The Greenbrier and bring our award-winning online gaming offerings to the Mountain State. Across New Jersey, Michigan, Pennsylvania and now West Virginia, Golden Nugget will have access to all four privately operated online casino markets in the country.”
Dr. Jill Justice, president of The Greenbrier, said: “The Greenbrier is excited about this new partnership and adding to the incredible casino offerings already in place for our guests, members and friends throughout West Virginia. Golden Nugget has proven itself as a market leader in the industry, and we’re confident it will deliver a product that matches the lofty standard that defines America’s Resort.”
Another move for Golden Nugget
Last week, the casino operator inked an agreement to enter the Illinois sports betting market via an agreement with Danville Development, a joint venture between Wilmot Gaming Illinois, a subsidiary of New York-based real estate developer Wilmorite Management Group, and GN Danville, a subsidiary of Golden Nugget.
The deal will see Danville Development construct a new Golden Nugget casino venue in the state of Illinois.
GONG is also working on splitting from the core Golden Nugget business by combining with Landcadia Holdings II, a special purpose acquisition company. This will see the shares in the new business being traded on the Nasdaq Stock Exchange.
