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Texas  + Hospitality  | 

Fertitta and FAST Acquisition Agree to Merge

Fertitta Entertainment Inc., the Houston-based parent company of Golden Nugget/Landry’s, gaming, restaurant, hospitality and entertainment firm, and FAST Acquisition Corp., a special purpose acquisition company co-headed by Doug Jacob and Sandy Beall, have entered into a definitive merger agreement. This will result in Fertitta Entertainment becoming a publicly listed company.

Tilman Fertitta, sole owner of Fertitta, will continue to lead the Golden Nugget/Landry’s empire and serve as the chairman, president and CEO of the company. Fertitta will also be the company’s largest shareholder with an approximately 60% interest in the company and stock valued upon the closing of the transaction in excess of $2 billion.

No other changes to management are anticipated as the existing Golden Nugget/Landry’s management team will continue to lead the company. In addition, the transaction will include voting control and ownership by the company of approximately 31 million shares or nearly half of all outstanding shares in Golden Nugget Online Gaming Inc.

For comments, questions or concerns, please contact Lisa Brown

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Sale/Acquisition
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