video video video gaming unit includes the well known Golden Nugget Hotel .

Fertitta Entertainment, Inc.

Fertitta Entertainment, Inc. is Tilman J. Fertitta’s keeping business for considerably each of their aets, including all the equity in Golden Nugget, LLC and Landry’s, LLC, about 31.494 million stocks in Golden Nugget on line Gaming, Inc. (“GNOG”), accommodations, real-estate, as well as other assets. The busine combination will just include every one of its holdings in GNOG and also the most of the aets and businees that comprise Golden Nugget, LLC and Landry’s, LLC. Golden Nugget/Landry’s is really an international, diversified video gaming, restaurant, hospitality, and activity business situated in Houston , Texas. The business’s video video gaming unit includes the recognized Golden Nugget Hotel and Casino concept, with areas in nevada and Laughlin, NV ; Atlantic City, NJ ; Biloxi, MS ; and Lake Charles, Los Angeles. GNOG is a number one gaming this is certainly on line that is known as a market frontrunner by its peers and was initially to create real time Dealer and Live Casino Floor towards the United States online gaming market.

GNOG ended up being the previous receiver of 15 eGaming Review North America Awards, like the coveted “Operator of the Year” prize in 2017, 2018, 2019 and 2020. Activity and hospitality divisions encompa popular destinations including the Kemah Boardwalk. The business additionally operates significantly more than 500 outlets, including over 400 high-end and casual places to eat throughout the world, with well-known ideas such as for example Del Frisco’s , Landry’s Seafood home, Bubba Gump Shrimp Co., Rainforest Cafe, Mortonis the Steakhouse, The Oceanaire Seafood place, McCormick & Schick’s Seafood, Chart home, Joe’s Crab Shack, and Saltgra Steak home. Landryis also operates the New that is popular York Guest Restaurants such as for instance Dos Caminos , Strip home and Bill’s Bar & Burger.

FAST Acquisition Corp.

FAST is really a hospitality-focused check that is blank launched by the principals of &vestwhose busine function would be to impact a merger, money stock market, aet purchase, stock purchase, reorganization or comparable busine combination with a number of businees. FAST is led by creator Doug Jacob and CEO Sandy Beall . FAST raised $200,000,000 with its initial general public providing on August 20, 2020 and it is noted on NYSE underneath the ticker icon “FST.”


Latham & Watkins LLP is acting as appropriate consultant to Fertitta, and Jefferies LLC is acting as monetary consultant and money areas consultant to Fertitta. Jefferies LLC acted as lead positioning representative from the PIPE. Both Winston & Strawn LLP and White & Case LLP are acting as appropriate advisors to FAST. Citigroup Global Markets Inc. is acting as single monetary consultant to FAST, and Citigroup worldwide Markets Inc. and UBS Investment Bank are jointly acting as money areas consultant to FAST. Goodwin Procter LLP and Skadden, Arps, Slate, Meagher & Flom LLP are acting as appropriate advisors to Jefferies LLC.

Non-GAAP Financial Measures

This pre launch includes particular non-GAAP economic measures, including EBITDA and Pro forma modified EBITDA. EBITDA is described as web earnings plus interest expense, tax expense, depreciation and amortization. Professional forma Adjusted EBITDA is described as EBITDA, plus disability costs, pre-opening expenses, and onetime non-recurring things, as though all the businees had been owned at the time of January 1, 2021 . These measures that are financial perhaps perhaps perhaps not ready according to accounting maxims generally speaking accepted in the usa and might differ from non-GAAP monetary measures employed by other businesses. FAST and also the business genuinely believe that the utilization of these non-GAAP economic measures offers a tool that is additional investors to utilize in assessing ongoing running outcomes and styles. These measures that are non-GAAP comparable names really should not be considered in isolation from, or instead of, monetary measures determined prior to GAAP.

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