Big Law
Wynn Resorts Calls Off a $3.2 Million Merger
A deal to spin off the online gaming branch of Wynn Resorts Ltd. into a public company was called off Friday morning by the casino operator — quashing a merger that would’ve created a $3.2 billion public company.
Wynn Resorts said Friday that its subsidiary Wynn Interactive and blank-check company Austerlitz Acquisition Corp. I, mutually agreed to end their merger plans, effective immediately.
The announcement comes three days after Wynn Resorts CEO Matt Maddox said he would be departing Jan. 31 with Wynn Interactive CEO Craig Billings taking over Feb. 1.
