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Mergers & AcquisitionsSports Betting

Wynn Resorts purchases 22.5% BetBull stake in US sports betting agreement

Wynn Resorts has agreed a strategic partnership with European operator BetBull to target the US sports betting market.

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The partnership aims to combine Wynn Resorts’ brand with BetBull’s digital technology and operations across the US.

As part of the agreement, Wynn Resorts has purchased a 22.5% stake in BetBull, which is based in Malta and owns a license for Great Britain.

Wynn Resorts recently lost its Executive Director, Jonny Avello, who has joined DraftKings to oversee its retail operations.

Last month, it was announced the Las Vegas-based casino operator is being sued by Sterling Suffolk Racecourse for a lack of “honest competition” in the process to win the license for the Boston area’s only casino.

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