Golden Nuggets Casino links up with Tioga Down for online casino launch in New York

Golden Nuggets Casino links up with Tioga Down for online casino launch in New York

Golden Nuggets Casino is poised to make its entry into New York‘s iGaming market after securing an agreement with Tioga Downs Race Track.

New Jersey Regulators Grant Casino License to Golden Nugget Online Gaming

Potential New Online Casino in Big Apple 

According to the terms of the deal, GNOG will be launching its new online casino under Tioga Downs’ license in New York. The 20-year market access agreement is still subject to future legislation, regulatory approval and license eligibility.

The agreement, if approved, will see GNOG paying Tioga Downs a percentage of its net gaming revenue, subject to minimum royalty payments for the duration of the deal. Tioga Downs is one of only seven commercial and tribal casinos in the state of New York.

Again, the agreement would be contingent on the state regulating such activities. It would also require a legislation permitting casinos to operate multiple online skins as Tioga Downs currently has an agreement with FanDuel. New York congress have sponsored both pieces of necessary legislation in this year’s legislative session.

Thomas Winter, GNOG president, spoke about Golden Nugget Casino’s potential entry into the New York market in a recent press release.

“New York is key to our growth strategy and we look forward to the state embracing online gaming. We will remain focused on securing new market access partners in more US states,” Thomas stressed.

Golden Nuggets Expansion

The Casino has been expanding its footprints across regulated markets in the United States over the past few months. Last month, it secured an approval from the Michigan Gaming Control Board to launch its Online Casino and Sportsbook in the state.

Tilman Fertita announced on February 1 Fertitta Entertainment Inc., parent company of Golden Nugget and Landry’s,will go public once again through a deal valued at $6.6 billion. The Houston-based billionaire took his company private in 2010 after 17 years of trading publicly. However, the prevailing climate in today’s economy may have prompted Fertita to change his position as he now believes going public is the best way to maximize opportunities “in today’s opportunistic world.

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.