Holding steady at just over $20 per share, is now the take to make a wager on Golden Nugget Online Gaming (NASDAQ:GNOG)? Its questionable. Sure, some big changes have happened in the past month, but GNOG stock still looks iffy.
Formerly known as Landcadia Holdings II, this special purpose acquisition company (SPAC) closed on its merger with previously private-held Golden Nugget Online Gaming. But, while its taken on a new name, the opportunities and risks remain the same.
That is to say, theres big potential for this iGaming company to scale up massively in the coming decade. Im sure you are well aware of the online gambling megatrend. As cash-strapped states continue to legalize online gambl…
Read the full article at: https://investorplace.com/2021/01/debt-heavy-gnog-stock-disaster-waiting/