A casino owner is separating his online gambling venture into a separate company and taking it public.

Tilman Fertitta, the Houston-based billionaire that owns the Golden Nugget Casino brand, announced Monday that he has entered into an agreement with Landcadia II, a special purpose acquisition company that is sponsored by Fertitta’s entertainment company and publicly traded on the NASDAQ for his online operations.

According to the press release, when the deal is completed, Landcadia II…

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