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Why 1 Investor Is Watching This Gambling SPAC Very Closely

·3 min read
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  • WYNN

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.