Fertitta Entertainment, parent company of Golden Nugget/Landry’s, and FAST Acquisition announced today that they have entered into a definitive merger agreement.
The transaction implies an enterprise valuation for Golden Nugget/Landry’s of approximately $6.6 billion, or 9.25x projected 2022 pro forma Adjusted EBITDA of $648 million, including the value of the GNOG equity to be contributed to the Company, based on an assumed per-share trading price of approximately $18.
Tilman Fertitta, sole owner of Fertitta, will continue to lead the Golden Nugget/Landry’s empire and serve as the chairman, president and CEO. Read more.
