Saturday, December 11, 2021

Media Man Casinos Blog update: Fertitta Ends $8.6 Billion Deal to Take Casino Empire Public

Fertitta Ends $8.6 Billion Deal to Take Casino Empire Public


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.

“At the end of the day we ultimately determined that the right decision for my company was to remain private at this time,” Fertitta said in a statement on Friday. “I look forward to continuing to grow our business.”

The settlement brings to a quick resolution a dispute between Fertitta and Fast Acquisition that flared up earlier this month. Fertitta’s general counsel sent a letter Dec. 1 notifying the SPAC of its intention to call off the merger due to delays, drawing a threat of legal action in response.

Fast Acquisition shares advanced 1.2% to $10.18 as of 10:35 a.m. Friday in New York after gaining as much as 2.9%. Bonds issued by Golden Nugget were unchanged, according to Trace data.

Fertitta, who also owns the Houston Rockets basketball team, announced in February that he planned to take his casino and restaurant operations public through the SPAC. In June, he expanded the deal to add additional businesses.

Fast Acquisition, whose backers include Ruby Tuesday founder Sandy Beall, said it will continue to look for a combination with a new operating company and that the settlement will ensure the blank-check firm will remain sufficiently capitalized as it seeks a new target.

Wednesday, December 01, 2021

Packer earns $500m as tech investor

Packer earns $500m as tech investor

The billionaire’s private investment company returned to profit this year, thanks to buying and trading technology stocks as well as an uplift in his Crown shares.

Saturday, September 18, 2021

Media Man International and Media Man Australia news update: Pop culture...

Will the Universal Title be on the line when Roman Reigns meets Brock Lesnar at WWE Crown Jewel?

Rupert Murdoch’s Fox Corp buys celebrity gossip brand TMZ

Rupert Murdoch hires Piers Morgan for new TV show to air in Australia 

Ric Flair Comments On Plane Ride From Hell Dark Side Of The Ring Episode 

JOHN CENA SAYS SELLING 37 WWE NFTS WAS 'A CATASTROPHIC FAILURE' 

Jim Cornette wins Media Man 'Wrestling Podcast Of The Month'

Bitcoin Models and NFT Models and Contend Publishing Directory

Gonzo Journalism hits Media Man Group features on casinos, gaming, gambling, Las Vegas strip

Gonzo Journalism gone wild at Media Man   

Gonzo Journalism profiled via Media Man network and dedicated social media channel

Google inks deal with NFT company Dapper Labs 

UFC VS WWE: Dana white mocks Vince McMahon after UFC 265 success

Wrestling, MMA and casino connection

Paige VanZant Drops Only Fans Bombshell 

Paige VanZant makes first appearance with WWE’s rivals AEW on Dynamite as fans call on her to face Thunder Rosa in debut

Sports entertainers aka WWE wrestlers aka superstars, heading for Hollywood to make movies, television shows

World's Biggest Gamblers; History Of Bets At Casinos - Kerry Packer, David Walsh Et Al

James Packed themed cartoons by John Shakespeare - The Sydney Morning Herald

Coastal News Media Facebook Launches; Media Man online network continues Australian and international expansion

Coastal News Media: Atlantis: Series 2 Teaser Trailer - BBC One

Coastal News Media features Islands Of The World

James Bond 007

Nature Directory: Media Man Int and Media Man Australia online showcase and media opportunities

World Casino Directory

Bitcoin Directory

NFT Directory




Monday, May 03, 2021

Media agency sees big growth potential and future in niche sectors; Local business, Blockchain, bitcoin, movie promotion, video games, sports and art

Media agency sees big growth potential and future in niche sectors; Local business, Blockchain, bitcoin, movie promotion, video games, sports and art



Former WWE Star Becomes Cryptocurrency Executive - 28th April 2021

Profiles

Bitcoin Markets Wrestling Pop Culture Business Media Man


Summer Rae is getting into a new line of work. As transcribed by Inside the Ropes, the former WWE star, real name Danielle Moinet, is joining Cornerstone Global Management LLC, a cryptocurrency company. In a press release, it was stated she will be their new Director of Marketing and Social Engagement.

The move isn’t entirely out of left field for Rae. A graduate of East Carolina University, her degree was in Business, with a major emphasis when it comes to marketing. Cornerstone Global touted her combined 2.7 million followers between Twitter and Instagram and she is expected to play a leading role for the company heading into the Bitcoin 2021 conference.

Rae signed with WWE in November of 2011 after a career in the Lingerie Football League. She found success in NXT as part of the BFF’s with Sasha Banks before being called up to the main roster as the dancer/girlfriend of Fandango. A later storyline would see her align with Rusev (AEW’s Miro) in his feud with former manager Lana and her new boyfriend Dolph Ziggler.

After breaking up with Rusev, Rae formed a partnership with Tyler Breeze, though they too would go their separate ways only months later. She would continue to wrestle through July of 2016 before being sidelined with injuries. Ultimately she never returned to action in WWE, being released in September of 2017.

Under her real name Rae made a comeback in 2018, appearing at an event for Battle Championship Wrestling in Australia. Her last wrestling appearance to date was also for BCW in 2019, where she took on Mortar and Impact star Tenille Dashwood in a triple threat match.

(WrestlingINC.com)