Golden Nugget Online Gaming (GNOG) Reports Q4 Revenues Beat

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Golden Nugget Online Gaming, Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2020

March 23, 2021 4:05 PM EDT

HOUSTON, March 23, 2021 /PRNewswire/ -- Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) (the "Company") today reported its financial results for the fourth quarter and for the year ended December 31, 2020.

Fourth Quarter Highlights

Revenues were $23.0 million, representing an increase of 47.9% over the prior year. Operating income of $2.0 million after acquisition transaction related expenses of $4.1 million. Net loss of $34.2 million after acquisition transaction and debt extinguishment related expenses totaling $37.8 million. Adjusted EBITDA of $6.2 million

Full Year Highlights

Revenues were $91.1 million, an increase of 64.4%... More