Aug. 26, 2021, 1:34 p.m. EDT

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Golden Nugget Online Gaming, Inc. with DraftKings Inc.

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New York, New York, Aug 26, 2021 (Newsfile Corp via COMTEX) -- New York, New York--(Newsfile Corp. - August 26, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Golden Nugget Online Gaming, Inc. ("Golden Nugget" or the "Company") stock /zigman2/quotes/212688524/composite GNOG +6.59% prior to August 9, 2021.

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You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Golden Nugget with DraftKings Inc. Under the terms of merger, Golden Nugget shareholders will receive a fixed ratio of 0.365 shares of newly issued DraftKings Class A common stock for each share of Golden Nugget owned. Upon completion of the merger, Golden Nugget will own only 7% of the combined company.

To learn more about the action and your rights, go to :

https://www.zlk.com/mna2/golden-nugget-online-gaming-inc-information-request-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you .

The Golden Nugget merger investigation concerns whether the Board of Golden Nugget has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.

Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington, D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders . For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94549

COMTEX_392256071/2523/2021-08-26T13:34:10

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/zigman2/quotes/212688524/composite
US : U.S.: Nasdaq
$ 7.44
+0.46 +6.59%
Volume: 330,494
Jan. 28, 2022 12:14p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$546.03 million
Rev. per Employee
$657,905
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