Fertitta Takes Landry’s Public Again at $6.6 Billion Value
- Seafood magnate will own about 60% of the new company
- Deal includes his stake in the Golden Nugget online casino
Tilman Fertitta
Photographer: Chris Goodney/Bloomberg
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Tilman Fertitta is taking his restaurant and casino empire public again through a merger with a special purpose acquisition company that values his Fertitta Entertainment Inc. at $6.6 billion, including debt.
Fertitta is combining his closely held Houston-based business with Fast Acquisition Corp., a shell company taken public last year by fellow restaurateurs Sandy Beall and Doug Jacob, Fertitta Entertainment said in a statement Monday. Bloomberg News reported earlier that the deal was in the works.