Wynn Resorts Intends to Sell Its Sports Betting App, New York Post Reports

SBNY » Wynn Resorts Intends to Sell Its Sports Betting App, New York Post Reports

Wynn Resorts is looking to sell its online sports betting unit Wynn Interactive for $500 million, according to the New York Post.

Wynn Resorts is looking to offload its struggling online sports betting business at a steep discount as the budding niche faces painful losses from stiff taxes and costly promotions needed in order draw customers.

Wynn Resorts is looking to offload its struggling online sports betting business at a steep discount as the budding niche faces painful losses from stiff taxes and costly promotions needed in order draw customers.

The Las Vegas casino giant cut down on their asking price by half, sensible enough considering they were recently valued around three billion dollars only last year – but now might be even better since there’s less competition out right now!

Less than six months after publicly readying an splashy spring launch for WynnBet, signing up NBA legend Shaquille O’Neal as a brand ambassador and selling his minority stake in the Sacramento Kings to work closely with them without breaking league rules-Wynn is back at it again.

This time around he has hustled hard during what most would consider off season by getting players like Lebron James onto board so that fans can enjoy wagers on their favorite sport from home or office!

Wynn has not publicly commented on what he called “market speculation and rumor,” but in a statement to The Post said that they were clear about their desire for online sports betting operations which will create long-term shareholder value.

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