The company expects to add Colorado, Iowa and Louisiana markets in 2022 to bring the total markets to nine in less than 18 months from today.

Both Illinois and Pennsylvania will be added during Q4 to bring the total markets to six after ending 2020 with $91 million worth of revenues from just the New Jersey market. In addition, the online gaming company just added deals in Colorado and Iowa to bring the total market opportunities to 12.Īfter launching iGaming in Michigan back in January, the company expects to launch West Virginia and Virginia in Q3.

GNOG continues to trade like a well developed gambling company with limited growth, yet the company plans to expand markets from one state at the start of 2021 to six by year end. My investment thesis remains very bullish on the iGaming company, as the recent weakness provides a great time own GNOG for massive long-term growth. The company went public via a SPAC to some initial positive fanfare to only collapse all the way back to $10.

One of the more disappointing stocks of the year has been Golden Nugget Online Gaming ( GNOG). Photo by Hendra Su/iStock via Getty Images

GNOG for ipod instal