The state Casino Control Commission has given a license for Golden Nugget New Jersey. They also conditionally approved a merger of Golden Nugget with an existing special purpose acquisition company already traded on the Nasdaq. Federal regulators must still approve the merger before it becomes final.
Vice President of Golden Nugget Atlantic City, Richard Liem, testified that the primary benefit of taking an online gaming entity public was access to capital. He stated that “You need to have adequate access to capital to be able to grow and compete effectively in this nascent and very quickly growing industry.”
Casino Control Commission Chairman James Plousis said he understood the DGE’s concerns and supported recommended conditions to ensure the Atlantic City casino would not become a casualty of negligence or secondary importance to online gaming.
You can read more about Golden Nugget New Jersey at Press of Atlantic City.