 Wow What's up money gigs Mr. V here welcome to another video guys so in today's video We are going to talk about tickets involved G and OG golden nugget online gaming There's some major news that just came out in this talk price. It's just pop like crazy So I wanted to cover that into this video But before we get to the guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content. So guys golden nugget online gaming It's our gaming platform that currently operates in I think in Michigan and in New Jersey But the goal is actually expand is a gambling platform across the entire country and it's I mean It's a growing business and as they expand their revenue is gonna grow and again with people betting a lot more on sports And other activities. This is a company that is really poised to be profitable But there's a major news because DraftKings just popped right in and saw the opportunity here To kind of grow and expand across the country as well. And so they bought golden nugget and so that's why We're doing this video right now. So if you can see here, the news is that DraftKings actually buying golden nugget online gaming for 1.5 billion Dollars, so this is a lot of money that are putting into golden nugget in for obvious reasons if DraftKings wants to be the home of online Bedding in an online gambling then they have to expand and part of that expansion is bringing in all the other smaller companies To build a massive empire. So I think the details of the transaction So you can see here a golden nugget online gaming stockholders would receive a fixed ratio of 0.365 shares of the new DraftKings class a common shares So if you take that 0.365 and times it by the current price of DraftKings stock right now, so you're looking somewhere around $19 a share, which if we just jump right here Take a quick look. You can see when the news came out here This is where golden nugget was sitting somewhere around 12 bucks as soon as that news came out Look at a pop all the way to right now sitting at a high of About $18 and some change almost $19. So this is this is a massive massive move For them. So again, if you see here DraftKings is still just popping as well Just based on this particular news drafting is up. I think four or five percent right now so these two are major factors these Merger here is gonna make a huge empire. So I see a golden nugget trading today really high So you're gonna see a lot of volume moving today. So treat this one with some caution again You see the stock is still on the rise here So I anticipate these things probably go to like 23 24 when the market open because the news is just coming out So a lot of people are still not even sitting at their desk yet As soon as people sit down and start looking at it, you're gonna see this thing fly Like crazy. So that is what I'm anticipating here. So again DraftKings and now Golden Nugget are really going into agreement where drafting is buying Golden Nugget for $1.5 billion. So that's what I wanted to cover in this video guys again This is gonna be a high volatility today because people are gonna want to get in and out of this stock And so you're gonna see a ton of volume coming in into Golden Nugget as well as into DraftKings So moving forward, I mean DraftKings is a long-term play Golden Nugget was obviously a long-term play But now that they are doing this merger, you're gonna see a quick volatility where you can easily make some profit If you're day trading but then expect after the merger is gonna see a little bit of pullback But for long term, I think DraftKings is still poised to expand because bring it in Golden Nugget And Golden Nugget hasn't been attaining the full potential yet Like I said, it's the only two states New Jersey and Michigan right now on board when you bring in other states I mean we still have 48 more states to go and I guarantee that in the future Those states are gonna be part of it because the revenue that these other states are gonna be generating from The taxes that they collect from online gambling Every other state is gonna be jealous and they want to collect that revenue because it's gonna help your citizen They have the state growth. So I anticipate that you're gonna see Um more growth from a revenue standpoint with DraftKings acquiring Golden Nugget So that's what I want to cover in this video now go out and trade a mix of money If you're new to the channel, we took about how to earn money how to save money how to invest and build wealth If there's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on your content also guys if you are looking to get started investing Weibo has their promotion where if it deposits just five dollars You get free stocks a chance to win a stock that's about 1200 Price values links in the description below and as always guys, do your due diligence. Don't be a good savage Stay motivated