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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 f...

Operator Welcome to the Wynn Resorts first-quarter 2021 earnings call. [Operator instructions] This call is being recorded. [Operator instructions] I will now turn the conference over to Craig Billings, president and chief financial officer. Sir, you may begin. Craig Billings -- President and Chief Financial Officer Thank you, operator, and good afternoon, everyone. On the call with me today are Matt Maddox and Marilyn Spiegel in Las Vegas. Also on the line are Ian Coughlan, Ciaran Carruthers, Frederic Luvisutto and Brian Gullbrants. I want to remind you that we may make forward-looking stat...

Wynn Interactive to spin off and trade on Nasdaq with SPAC merger 11th May 2021 | By Marese O'Hagan Wynn Interactive, an online-focused subsidiary of Wynn Resorts, is to merge with special purpose acquisition company (SPAC) Austerlitz Acquisition Corporation I (Austerlitz I) and list on the Nasdaq stock exchange. The combined company is estimated to have a post-transaction value of $3.2bn (£22.6bn/€26.3bn), a total 4.5 times the revenue projected by Wynn Interactive by 2023. Austerlitz will help fund the business with the $640m in cash that it currently holds. Post-closing, the combined co...

What to watch today: Wall Street set for a lower open as tech stocks remain under pressure CNBC 2 days ago BY THE NUMBERS U.S. stock futures indicated a lower open Tuesday, a day after a tech-led sell-off saw the S&P 500 and Nasdaq post their largest one-day percentage losses since March 18. Dow futures implied an opening drop of around 142 points, while S&P 500 and Nasdaq futures were further in the red. (CNBC) Popular Searches The tech-heavy Nasdaq has had a less-than-merry start to May, already down 4% this month and sitting 5.2% below its most recent record close. The 30-stock Dow con...

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