Why 1 Investor Is Watching This Gambling SPAC Very Closely
Earlier this year, Wynn Resorts (NASDAQ: WYNN) announced that it was spinning off part of its business, naming it Wynn Interactive. As part of the spinoff, special purpose acquisition company (SPAC) Austerlitz Acquisition Corporation (NYSE: AUS) is merging with Wynn Interactive to bring it the public markets, giving investors another gambling stock option.
Fool contributor Travis Hoium understands this space better than most. And in this video from Motley Fool Backstage Pass, recorded on Oct. 25, he outlines why Wynn Interactive has landed on his radar.
Source Fool.com
