[Fertitta selling?] Golden Nugget Online sold to Draftkings

Do you know that all the pandemic debt he took on he rolled into GNOG, as part of its public offering. lulz.
$250m

That debt is no longer part of Fertitta Entertainment / FST ... Draftkings owns it

the guy knows what he’s doing

 

The debt was pretty par the course for a transaction of that size.

 

Very nice.

All that stock he bought will be worth north of 4.68 billion in 5 years.

 

I don't think anyone seriously thinks he would be an option, but to suggest he doesn't have the time...but has the time to create new companies AND be one of the biggest Twitter trolls...yeah he's got the time.

 

another nerd who wasn't known to ahve anything to do with basketball.


but really, all you need from an owner is finances thats literally all they contribute. they are replaceable and tehre is a line willing bc its a lucrative business and more so bc its a rare showcase league.

Thats it. If tilman did th same stuff, talk **** and lie and whatever else but he spent ...we wouldn't worry as much, but hwen he talks big does the opposite and blames and deflects...thats a scenerio which puts us at the bottom of the league

I don't care if its dikemebe, yao, fertitta, les, or Tesla...I've never watched the game for the owneres in fact the only time we notice them is when theyscrew thing sup, none of us are buying tilman merchandise and hes fine to plaster his face above the team in the mural, just pay and shut up and listen when it cocmes to hoops and enjoy the fruits.

 

Elon seems more like a baseball sabermetrics kind of guy if he did like a sport.

 

I am not surprised, I haven't been paying attention to his later deals. I was merely referring to why people drew that inference. I don't want to say the game is rigged but when you are that big it is virtually impossible to fail because of all of the financial tools at your disposal. He is obviously a dealmaker and you can make 10 bad or mediocre deals and 1 great one and be on top. Anyone 5-10 years ago that just picked up on the way the wind was blowing was going to make a killing in sports gambling. Fantasy Football was a dead giveaway but the gambling trend has really been going after the freedom from depending on LV and AC. Once that seal was broken it was pretty much assured that gambling was going to grow massively.

 

ROI and time were used TOGETHER as in NOT WORTH IT. He wouldn't do it for charity as he makes more in a day than what he would in a year as the owner. Go take a look at his schedule. His Twitter profile feeds his brand that feeds investment into his megacompanies Tesla and SpaceX. This guy is thinking much bigger than basketball with a bigger ego. Balmer and Cuban are retired from the big things, they do what they want now.

 

here are two links that shed some light on the mechanics of the deal. Personally I'm curious as to what TF owns/gets vs what Golden Nugget gets. It is a publicly traded company I believe. Whose shares were purchased for the $1.5 bil, TF personally owned shares, company held stock, or even newly created shares for this purpose.

https://dominosusun.com/2021/08/09/draftkings-traded-for-1-56-billion-to-buy-golden-nugget-online/

https://www.msn.com/en-us/money/com...ming-business-for-dollar16-billion/ar-AAN6K1y