In a surprising turnaround, Wynn Resorts decided to sell its fledgling sports betting business, WynnBet. Instead, the casino company will work to introduce its core business to the Middle East. On Tuesday, Wynn signed a deal with the United Arab Emirates (UAE) to build a resort with a gaming area. […]
Over the past month, two big sports betting deals have gone bust. DraftKings dropped its $22 billion offer for Entain while, meanwhile, Wynn Resorts called off the merger of WynnBet with Austerlitz Acquisition. And in the blink of an eye, the red-hot sports betting market has started to cool. Once […]
Buoyed by a trio of new states approving gambling on Election Day and continued progress with professional sports partnerships, DraftKings reported some big third quarter wins on Friday. As a result, shares of DraftKings stock jumped more than 10% to end the week after the company released blockbuster quarter-end totals, […]
An announcement that Wynn Resorts is in the process of investing heavily in its online gambling product, combined with the news that a COVID-19 vaccine may be in the offing, resulted in a mammoth win for the resort and entertainment giant (NASDAQ: WYNN) as its stock price surged more than 22% Monday […]
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