HOUSTON, Texas (KTRK) -- Houston billionaire entrepreneur Tilman Feritta, who is also the owner of Landry's Incorporated and Golden Nugget Casino, announced Monday morning he is taking both companies public.
The company has entered a definitive merger agreement worth an estimated $6.6 billion with FAST Acquisition Corp., a special purpose acquisition company.
The move will result in Fertitta Entertainment becoming a publicly listed company.
Still, Fertitta will continue to lead his Golden Nugget and Landry's empire, serving as the chairman, president and CEO, as well as the largest shareholder with approximately 60% interest in the company and stock valued upon the closing of the transaction in excess of $2 billion.