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NEWS 12 October 2018

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

By Tim Poole

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

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.

RELATED TAGS: Mergers & Acquisitions | Sports Betting
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