Fertitta Entertainment Inc., the parent company of Golden Nugget/Landry's, gaming, restaurant, hospitality and entertainment industry, 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 percent interest in the company and stock valued upon the closing of the transaction in excess of $2 billion dollars.
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.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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