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How to buy stock in Golden Nugget when it goes public

Here's everything we know so far about the Golden Nugget IPO.

Shannon Terrell
Shannon Terrell

Updated

Fact checked

Casino chain Golden Nugget may have an IPO in the works. So far, nothing has been confirmed — but here’s what we know so far and how to buy in if it launches to the public.

What we know about the Golden Nugget IPO

Reports suggest that billionaire Tilman Fertitta is considering taking his casino and restaurant holdings under Golden Nugget and Landry’s public. Golden Nugget casinos can be found across New Jersey, Nevada, Mississippi and Louisiana with plans to expand to more states in the future.

The business fallout in the wake of COVID-19 has been tough for those in the casino industry, Golden Nugget included. Fertitta may be interested in the IPO to help combat the debt taken on to help his casinos and restaurants weather the pandemic.

Nothing has been confirmed, but we’ll continue to track this potential IPO and update this page as soon as more information becomes available.

How to buy shares in Golden Nugget when it goes public

Once Golden Nugget goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Golden Nugget. Find the stock by name or ticker symbol. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until Golden Nugget reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Golden Nugget, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Golden Nugget. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Golden Nugget can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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