Golden Nugget Casino Bonus & Free Cash Offer
New players will receive $10 absolutely free by registering with Golden Nugget bonus code PLAYBONUS. This is automatically credited in the form of bonus cash. You can use it to enjoy the real money games, though if you want to withdraw it, you’ll need to complete a play-through (wagering) requirement.
Golden Nugget is one of the top 3 online casinos, and it's loved for that selection and great user experience. Golden Nugget's Atlantic City casino purchased the building of Trump's Marina. The Marina was sold after five years of losses. Golden Nugget's online casino is currently the highest-earning online casino.
This is 20x ($400) for slots and 100x ($2000) for other games. You’ll get 30 days to complete this.
Once you have met this wagering requirement, the money is yours to keep. Taking the free no-deposit bonus does not stop you receiving the matched welcome offer.
Big Matched Welcome Bonus
The 100% matched bonus based on your first deposit is big. You can get up to $1500 in bonus cash. Only Betfair Casino NJ (which is also under the Golden Nugget AC license) and the 888 Casino have a bigger welcome offer.
Again, you’ll need to wager this bonus before it can be withdrawn. This is a 20x requirement for slots and a 100x for other games. It will expire 30 days after you make your deposit, or if you make a withdrawal before completing the wagering requirements.
Finally, new players registering for an account are awarded 200 free slots spins. This offer applies only to the Jinse Dao Dragon game and is only available for a limited time.
When it comes to NJ online casino market, Golden Nugget online casino is a well-established brand and the Garden State’s market leader. And Golden Nugget Online Gaming LLC. (GNOG) plans on keeping things that way.
However, GNOG appeared in front of the Casino Control Commission on Wednesday morning so they could be granted a casino license. This was a necessary step in the process of becoming a publicly traded company on the NASDAQ. Up until now, the brand has been operating as Golden Nugget Atlantic City’s Internet gaming arm.
The commission approved GNOG for a license.
More details regarding GNOG + Golden Nugget AC
There is some concern regarding how this move will impact Golden Nugget’s land-based AC operations.
Looking at the operator’s year-to-date revenue, Golden Nugget has earned $342.2 million in total gaming revenue. And that is good enough for an extremely distant second behind Borgata ($440.7 million). However, 76.9% percent of those earnings ($263.4 million) come via GN’s NJ online casino revenue. (Some of that revenue is via Golden Nugget’s own casino, vs. other online casinos that operate under GN’s license.)
Golden Nugget Atlantic City Nj
If we look strictly at casino win, the Marina District property ranks last among the nine Atlantic City casinos with $78.1 million. Bally’s AC is the next closest with $81.9 million.
So clearly online gaming is accounting for a big part of Golden Nugget’s success. Keep in mind, casino floors continue to operate at 25% capacity.
So while the New Jersey Division of Gaming Enforcement stated this as a concern during the hearing, James Plousis, Casino Control Commission chairman, addressed the matter at the conclusion of the hearing.
“I will note, however, that while there may continue to be variations in Golden Nugget’s online gaming versus land-based gaming revenue, particularly as the industry as a whole works to recover from the impact of COVID-19, I am satisfied with the petitioners assurances that they are committed to Golden Nugget Atlantic city’s ongoing financial stability,” Plouis said. “I am convinced that [Golden Nugget owner] Mr. [Tilman] Fertitta will protect Golden Nugget’s brand of excellence and elegance, and will do so by supporting, maintaining and ultimately growing the Atlantic City casino hotel facility.”
When will GNOG start trading on NASDAQ?
This is the question investors have been asking since plans were made public back in June.
The short answer is federal regulators still need to sign off on the deal. But based on GNOG’s third-quarter earnings report, “end of November” is the target date to close the transaction.
That would be Monday. But no official announcement had been made as of Wednesday afternoon.
The company is currently trading under the ticker symbol LCA or Landcadia Holdings II.
That company is the publicly traded special purpose acquisition co-sponsored by Fertitta Entertainment Inc. and Jefferies Financial Group Inc.
Landcadia Holdings II, Inc. entered into a purchase agreement to acquire GNOG from Fertitta.
Golden Nugget Atlantic City Online Gambling
But the public listing is just the next step in GNOG’s bigger plans for 2021. They include online casino launches in Michigan, Pennsylvania, and West Virgina.