![]() Nevada is not one of DraftKings’ markets. 2 sports betting provider in those markets. I only wanted stock so we can ride this up with them.”įertitta is a cousin of Red Rock Resorts CEO Frank Fertitta III and Vice Chairman Lorenzo Fertitta and is not involved in the company that controls locals gaming operator Station Casinos.ĭraftKings has grown in the past three years from a daily fantasy sports provider into a sports betting giant currently operating retail and online sportsbooks in 14 states. “There is going to be a lot of consolidation in this space. They are the brand,” Fertitta said of DraftKings on an early morning conference call to discuss the deal. “Let’s be honest, they are the market leader. On Monday, DraftKings unveiled the all-stock transaction, which includes a commercial agreement with Fertitta Entertainment, the Texas mogul’s holding company that controls businesses across gaming, lodging, dining and entertainment sectors, including Golden Nugget casinos in downtown Las Vegas, Laughlin and three other states.įertitta owns 46 percent of Golden Nugget Online Gaming and will join the DraftKings board. DraftKings could eventually operate retail and online sportsbooks in Nevada after the Boston-based company’s planned $1.56 billion acquisition of Golden Nugget Online Gaming, a business owned by billionaire Tilman Fertitta.
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