Fertitta Paying Tens of Millions To Stop Landry's Merger

Tilman Fertitta is paying $33,000,000 to kill a plan to take Fertitta Entertainment public.

Fertitta Entertainment told the SEC Thursday it reached a deal with FAST Acquisition to call off a merger deal without having to go to court.

FAST threatened to sue after the Houston-based casino and restaurant company announced last week it didn't want to go public.

Both FAST and Fertitta accused the other of violating the merger contract.

photo: Getty Images

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