Wynn Interactive to spin off and trade on Nasdaq with SPAC merger
| 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.
![Inspired Nasdaq](https://igamingbusiness.com/img-srv/185HClyYvhJVCt9adUoPTcWR4uT8Hj7GvT4Gjo76tnc/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMS8wNC9OQVNEQVFfc3RvY2tfbWFya2V0X2Rpc3BsYXkuanBn.webp)
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 company will act under Wynn Interactive and will list its shares on the stock exchange under the ticker symbol WBET.
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