Las Vegas-based Wynn Resorts expects to money out of the web sports activities betting enterprise, in accordance with a report from The New York Post.
The on line casino operator has launched its gaming web site WynnBET in a handful of markets. The on line casino operator is reportedly trying to promote the unit for $500 million.
That can be a decline from an earlier valuation.
“The market is really not sustainable right now,” Wynn CEO Matt Maddox stated on a Nov. 10 earnings name. “Competitors are spending too much to get customers. And the economics are just not something that we’re going to participate in.”
Wynn has beforehand thought of taking Wynn Interactive public by way of a SPAC.
