Financier Bill Foley. His Austerlitz Acquisition is merging with Wynn Interactive. (Image:
Bloomberg)
In a deal with estimated post-transaction enterprise value of $3.2 billion, Wynn Interactive will merge with the blank-check company, eventually becoming a standalone entity listed on the Nasdaq Stock Exchange under “WBET.” Austerlitz is controlled by Las Vegas Golden Nights owner Bill Foley.
Wynn Interactive currently has market access to 15 states covering approximately 51 percent of the US population, and expects to gain access to additional states in the near-term, resulting in its footprint covering approximately 77 percent of the US population,” according to a statement issued by the Encore operator.