BOSTON and HOUSTON, Aug. 09, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) and Golden Nugget Online Gaming, Inc. (NASDAQ:GNOG) today announced that they have entered into a definitive agreement for DraftKings to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion. The acquisition will enable DraftKings to leverage Golden Nugget's well-known brand, iGaming product experience and existing combined database of more than 5 million customers. In connection with the acquisition, DraftKings has entered into a commercial agreement with Fertitta Entertainment, Inc., the parent company of the Houston Rockets, Golden

Special Opportunities Fund, Inc. (NYSE:SPE) today announced that the parties to litigation over the dissolution of FAST Acquisition Corp. (NYSE:FST) have reached an agreement to prevent the distribution of the Company's net assets to Class B shares until the Court rules on whether they must be equitably distributed to all stockholders. Under the agreement, the Class A shares will be redeemed promptly after August 25, 2022 and the winding up and dissolution of the Company will proceed. However, unless prior notice is given to SPE, the Company is limited to paying only the following approximate amounts: (a) $4.5 million in taxes; (b) $1 million to reimburse a working capital loan; (c) $3 mil

RIDGEFIELD, Conn., Dec. 10, 2021 /PRNewswire/ -- FAST Acquisition Corp. (NYSE:FST) ("FAST"), a special purpose acquisition company co-headed by Doug Jacob and Sandy Beall, and Fertitta Entertainment, Inc. ("FEI"), the parent company of Golden Nugget/Landry's, a leader in the gaming, restaurant, hospitality and entertainment industry, announced today that they have agreed to mutually terminate their merger agreement, originally entered into on February 1, 2021 and amended on June 30, 2021.  The parties have simultaneously terminated their Merger Agreement after a settlement was reached regarding the parties' disagreement over the termination date in the Merger Agreement. The settlement provi

BATON ROUGE, La., Nov. 10, 2021 (GLOBE NEWSWIRE) -- BBQ Holding, LLC ("BBQGuys"), a leading specialty e-commerce platform for higher-end BBQ grills, grilling accessories and outdoor living projects for both homeowners and professional builders, and Velocity Acquisition Corp. ("Velocity") (NASDAQ:VELO), a publicly traded special purpose acquisition company, announced today that the companies have mutually agreed to terminate their previously announced agreement and plan of merger (the "Business Combination Agreement"), effective immediately. The parties decided to terminate the Business Combination Agreement as a result of current supply chain factors that are affecting the results of the

HOUSTON, Aug. 25, 2021 /PRNewswire/ -- Golden Nugget, LLC (the "Company"), a leading casino, restaurant and hospitality operator, reported its financial results for the second quarter and first half of 2021. Second Quarter and First Half Financial Highlights Revenue for the second quarter was $934.5 million, representing an increase of 224.4%, compared to $288.0 million during the second quarter of 2020. Revenue for the first half of 2021 increased 49.6% to $1.577 billion, compared to $1.054 billion during the first half of 2020.Net income for the second quarter was $144.3 million, compared to a net loss of $152.7 million in the prior year period. Net income for the first half of 2021 was $1

BOSTON and HOUSTON, Aug. 09, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) and Golden Nugget Online Gaming, Inc. (NASDAQ:GNOG) today announced that they have entered into a definitive agreement for DraftKings to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion. The acquisition will enable DraftKings to leverage Golden Nugget's well-known brand, iGaming product experience and existing combined database of more than 5 million customers. In connection with the acquisition, DraftKings has entered into a commercial agreement with Fertitta Entertainment, Inc., the parent company of the Houston Rockets, Golden

BBQGuys has entered into a definitive business combination agreement with special purpose acquisition company Velocity Acquisition Corp. (NASDAQ:VELO)BBQGuys is a leading specialty e-commerce and content platform for grills, grilling accessories and outdoor living products and enthusiasts, selling top third party products and outdoor solutions to retail and professional customersBBQGuys has an emerging owned-brands portfolio focused on filling gaps in the market using a data-driven approach and an expanding wholesale/retail distribution networkBBQGuys delivers a proven track record of growth and profitability, including 43 consecutive quarters of YOY top-line growth and positive EBITDAThe tr

HOUSTON, June 30, 2021 /PRNewswire/ -- Fertitta Entertainment, Inc., the parent company of Golden Nugget/Landry's ("Fertitta" or the "Company"), a leader in the gaming, restaurant, hospitality and entertainment industry, and FAST Acquisition Corp. (NYSE:FST) ("FAST"), a special purpose acquisition company co-headed by Doug Jacob and Sandy Beall, announced today that they have entered into an amendment to their previously announced Agreement and Plan of Merger entered into between the parties on February 1, 2021.   According to the amendment, the Company has agreed to contribute certain operating businesses not originally included as part of the business combination with FAST for no additiona

RIDGEFIELD, Conn., May 17, 2021 /PRNewswire/ -- &vest, an investment platform founded in 2019 focused on SPACs and private investments, today announced that Bill Hinman has joined the company as Partner. Hinman served as Director of Corporation Finance at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2020, where he was primarily responsible for overseeing regulations and processes for initial public offerings and other corporate disclosures.    During his tenure at the SEC, Mr. Hinman spearheaded nearly 50 policy and rulemaking initiatives designed to strengthen public markets as well as modernize and improve the framework for companies accessing capital markets, including

HOUSTON, Feb. 1, 2021 /PRNewswire/ -- Fertitta Entertainment, Inc., the parent company of Golden Nugget/Landry's ("Fertitta" or the "Company"), a leader in the gaming, restaurant, hospitality and entertainment industry, and FAST Acquisition Corp. (NYSE: FST) ("FAST"), a special purpose acquisition company, co-headed by Doug Jacob and Sandy Beall, announced today that they have entered into a definitive merger agreement (the "Merger Agreement") that will result in Fertitta Entertainment becoming a publicly listed company (the "Business Combination"). Tilman Fertitta, sole owner of Fertitta, will continue to lead the Golden Nugget/Landry's empire and serve as the Chairman, President and CE

    Tuesday's session saw 95 companies set new 52-week lows. Noteworthy Highlights From Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Fidelity National Info (NYSE:FIS). Also check this out: ZoomInfo And 3 Other Stocks Sold By Insiders. The smallest company by market cap to set a new 52-week low was ThermoGenesis Holdings (NASDAQ:THMO). Larimar Therapeutics (NASDAQ:LRMR) saw the largest move of the companies, as shares plummetted 59.98% to hit a new 52-week low. Blackrock Muniyield (NYSE:MQY) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. Here are all the stocks that set

Along with the hundreds of announced SPAC mergers and closed deals in 2021 came a handful of SPAC deals that were terminated. Here’s a look at what it means for the SPACs that called off mergers. What Happened: SPACs can terminate deals for numerous reasons including a change in valuation sentiment, missing deadlines or news items coming from the acquisition target. When SPACs call off deals, they lose the time and money spent to research and attempt to close a deal. The termination also sends the team back to the drawing board to try and find a new acquisition target. SPACs have a deadline date to meet, which is typically 24 months from its IPO date. With deals called off, many companies

 FAST Acquisition Corp. (NYSE:FST) ("FAST"), a special purpose acquisition company co-headed by Doug Jacob and Sandy Beall, and Fertitta Entertainment, Inc. ("FEI"), the parent company of Golden Nugget/Landry's, a leader in the gaming, restaurant, hospitality and entertainment industry, announced today that they have agreed to mutually terminate their merger agreement, originally entered into on February 1, 2021 and amended on June 30, 2021.  The parties have simultaneously terminated their Merger Agreement after a settlement was reached regarding the parties' disagreement over the termination date in the Merger Agreement. The settlement provides FAST and its shareholders up to $33 million

As previously disclosed, on February 1, 2021, FAST Acquisition Corp. (the “Company”) entered into an Agreement and Plan of Merger (as amended, the “Merger Agreement”) with Fertitta Entertainment, Inc., a Texas corporation (“FEI”), and the other parties thereto, pursuant to which, among other things, FEI would become a wholly owned subsidiary of FAST Merger Corp. (the “Business Combination”). On December 1, 2021, the Company received a notice from FEI that purported to terminate the Merger Agreement pursuant to Section 9.01(a) thereof (the “Purported Termination Notice”), which provides that the Merger Agreement may be terminated by either the Company or FEI if the closing of the Business Com