Fertitta Entertainment, which operates in the gaming, restaurant, hospitality and entertainment industry, to go public in a SPAC merger with FAST Acquisition in a $8.6bn deal. "FEI is an incredible hospitality empire run by the one of the world's best operators that we have had a first-hand view into for many years now. We wish Tilman and his team the best of luck as they remain a private company. Through this settlement we ensured that we are sufficiently capitalized to seek a new target and that we could continue our efforts to maximize value for our shareholders," Doug Jacob, FAST Founder. On December 10, 2021, Fertitta Entertainment terminated an $8.6bn merger with FAST Acquisition.