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2022-09-26 16:15 Wynn Interactive to Become Independent Public Company Through Combination With Austerlitz Acquisition Corporation I | WYNN RES ... PRESS RELEASE 具 View printer - friendly version Wynn Interactive to Become Independent Public Company Through Combination With Austerlitz Acquisition Corporation I << Back Wynn Interactive is delivering one - of - a - kind digital gaming experiences to mobile users through proprietary , differentiated technology Combined company expected to have post - transaction enterprise value of approximately $ 3.2 billion Business combination includes approximately $ 640 million of cash proceeds from Austerlitz Acquisition Corp I , led and founded by William P. Foley II , to help fuel growth Cannae Holdings , Inc. has agreed to fully backstop share redemptions , assuring availability of cash proceeds at closing Current shareholders of Wynn Interactive will retain approximately 79 % of the combined Company , including 58 % to be held by Wynn Resorts , Ltd. LAS VEGAS -- ( BUSINESS WIRE ) -- May 10 , 2021-- Wynn Resorts , Limited ( NASDAQ : WYNN ) ( " Wynn Resorts " ) and Austerlitz Acquisition Corporation I ( NYSE : AUS.U ) ( " Austerlitz I " ) today announced that they have entered into a definitive agreement under which Austerlitz I will combine with Wynn Interactive Ltd. ( " Wynn Interactive " or the " Company " ) , a subsidiary of Wynn Resorts , to create an independent public company . Upon closing of the proposed transaction , the combined company will retain the " Wynn Interactive , Ltd. " name and relist its shares on the Nasdaq Stock Exchange under the new ticker symbol " WBET . " This press release features multimedia . View the full release here : https://www.businesswire.com/news/home/20210510005887/en/ Wynn Interactive , the online gaming division of Wynn Resorts , offers a world - class collection of casino and sports betting mobile options to consumers across the U.S. and U.K. through its WynnBET , BetBull and WynnSLOTS brands . The Company delivers one - of - a - kind experiences in digital gaming that drive enhanced user acquisition and retention through unique social betting mechanics , a proprietary tech stack and high quality user interface . Wynn Interactive currently has market access to 15 states covering approximately 51 % of the U.S. population and expects to gain access to additional states in the near - term , resulting in its footprint covering approximately 77 % of the U.S. population . " We are confident that this transaction will unlock the tremendous potential of Wynn Interactive to further accelerate growth and enable the business to capture the massive opportunity in North America . Bill Foley is the ideal partner to ensure continued success - his track record with business combinations , extensive experience growing marquee consumer brands and partnering to maximize value in businesses like ours will https : //wynnresortslimited.gcs-web.com/news-releases/news-release-details/wynn-interactive-become-independent-public-company-through ? field_nir_news_dat ... 1/7