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Wynn Resorts may be looking to sell its online sports book at a major discount

January 24, 2022 20


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Wynn Resorts may be looking to sell its online sports book at a major discount

Wynn Resorts may be looking to sell its online sports book at a major discount

Not long ago, Wynn resorts had a $3 billion dollar valuation on its online sports betting business, however new reports coming out are stating that Wynn might be looking to sell the sports book for $500 million. With other company’s like DraftKings and FanDuel offering up to $1,000 dollars to sign up for new members, Wynn is in a tough spot where the cost to acquire a user may not be cost effective for the company.

At this time, a Wynn spokesman said the company would not comment on what he called market speculation and a rumor. There is no official news about them selling the sports book, but with a tough road ahead and no launch in New York even though they have the license, we might be seeing this sports book trade hands soon.

Wynn Resorts looks to sell online sports betting biz at deep discount: source By Josh Kosman

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