M&A

Golden Nugget to go public in $745m acquisition

Landry’s to sell online gaming arm to SPAC co-sponsored by Tilman Fertitta as operator eyes Pennsylvania and Michigan igaming launches

Golden Nugget parent company Landry’s is selling off its igaming business for $745m as it seeks to go public on the Nasdaq. Special purpose acquisition company (SPAC) Landcadia II will acquire Golden Nugget in a deal that is worth 6.1x the operator’s revenue valuation. It is expected to close in Q3 of this year. As…

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