Fertitta Entertainment, Inc., the parent company of Golden Nugget and Landryโs, announced Monday it will become publicly listed.
According to a news release, owner Tilman Fertitta has entered a merger agreement with FAST Acquisition Corp. valued at approximately $6.6 billion.
However, in todayโs opportunistic world, I determined that in order to maximize the opportunities in the gaming, entertainment and hospitality sectors, it was preferable to take my company public,โ Fertitta said.
Fertitta will be the companyโs largest shareholder, owning 60% of the company and a roughly $2 billion stake.
โAt the end of the day, the decision to do a deal with FAST was a no-brainer.โAdAccording to the news release, Golden Nugget and Landryโs management team will continue to lead the company and Fertitta will serve as chairman, president, and CEO.