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
Photographer: Jin Lee/Bloomberg
This article is for subscribers only.
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.