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Fertitta Ends $8.6 Billion Deal to Take Casino Empire Public

  • Billionaire had eyed SPAC merger for Fertitta Entertainment
  • Legal dispute resolved after $33 million settlement agreement
Tilman Fertitta
Tilman FertittaPhotographer: Jin Lee/Bloomberg

Billionaire Tilman Fertitta reached a settlement to pull out of an $8.6 billion deal with a blank-check company that would have taken his restaurant and casino empire public.

Fertitta Entertainment Inc., the parent company of the Golden Nugget casinos and the Landry’s restaurant group, agreed to pay as much as $33 million to end a planned merger with Fast Acquisition Corp., a special purpose acquisition company formed last year.