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https://www.cnbc.com/2020/07/08/houston-rockets-owner-tilman-fertittas-online-betting-company-public.html

Houston Rockets owner Tilman Fertitta's online betting company is now publicly traded on Nasdaq

2020-07-08 00:00:00, Jabari Young, CNBC

Content Categorization
/Games
/Sports

Word Count:
326

Words/Sentence:
22

Reading Time:
3.26 min

Reading Quality:
Advanced

Readability:
16th or higher

Media Sentiment
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RCS Analysis
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Risk Score
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PESTEL Scope
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Entity Word Cloud
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Auto Summary
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The company joins Draftkings as the only other publicly traded online-only casino company in the U.S.The State of New Jersey initially restricted Fertitta's company from including National Basketball Association games, but last September approved NBA bets under the condition wagers excluded Rockets contests.

Tilman FertittaScott Mlyn | CNBCLandry's CEO and Houston Rockets owner Tilman Fertitta will allow the public to buy stock in his new online gaming company.

The online casino company will arise after Fertitta used a blank check entity, Landcadia Holdings II, to buy New Jersey-based Golden Nugget Online Gaming, according to an SEC filing on June 29.

In an interview with CNBC's "Power Lunch" on June 23, Fertitta predicted the online gambling sector, which could surpass $90 billion by 2025, would expand "everywhere in the country because of the taxes," he said.

Lancadia was co-sponsored by Fertitta Entertainment, which owns the Rockets and will retain 52 percent of Golden Nugget stock, and Jefferies.

Keywords
Life, Landcadia Holdings II Inc, business news, Business, Sports, Diamond Eagle Acquisition Corp, Houston Rockets, Casinos, NBA, Technology

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