It appears that WynnBET is all but done in the US sports betting industry, as it is leaving one of just two states in which it still had a presence. On Tuesday, Caesars Entertainment announced that it has agreed to acquire WynnBET’s Michigan online gaming business. The company also inked an extension of its partnership… Read more »
New York state of mind Penn Entertainment is acquiring the New York sports wagering license of Wynn Interactive Holdings. Specifically, Penn is buying WSI US, LLC, the entity that technically owns the license, for $25 million. Penn will use the license to launch ESPN BET in the state. “This is an important development that will… Read more »
Wynn Resorts has announced that pulling its sportsbook WynnBET out of two-thirds of the states in which it operates. “In light of the continued requirement for outsized marketing spend through user acquisition and promotions in online sports betting, we believe there are higher and better uses of capital deployment for Wynn Resorts shareholders,” said Julie… Read more »
