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Tilman Fertitta Is in Talks to List Casino, Dining Assets Via SPAC

  • Deal with Fast Acquisition worth nearly $7 billion with debt
  • Billionaire had weighed options including IPO of the unit
Tilman Fertitta

Tilman Fertitta

Photographer: Jin Lee/Bloomberg

Updated on

Texas billionaire and Houston Rockets owner Tilman Fertitta is in talks to take his casino and restaurant empire public through a merger with blank-check firm Fast Acquisition Corp., according to people with knowledge of the matter.

The special purpose acquisition company is in talks to raise more than $1 billion in new equity to support a transaction, said the people, who asked to not be identified because the matter isn’t public. The deal could value the combined entity at up to $7 billion including debt, one of the people added.