Golden Nugget Investor Drops Challenge to DraftKings Merger Plan

A Golden Nugget Online Gaming Inc. investor who called a planned merger with DraftKings Inc. “unfair” agreed to drop his securities suit, according to a notice filed in federal court in New York.

Investor Peter Wong alleged that a registration statement filed in support of the $1.56 billion all-stock deal lacks important information. He voluntarily dismissed the complaint without prejudice, the notice of dismissal filed in the U.S. District Court for the Southern District of New York said.

None of the defendants—including Golden Nugget, DraftKings, and entities created to execute the merger—have filed “either an answer or a motion for ...