Wynn Archives - Legal Sports Report

Wynn Interactive Set To Be Publicly Traded After Merger With Foley SPAC

Wynn Resorts is spinning off its sports betting and iGaming subsidiary, Wynn Interactive, into an independent company. The move led off Wynn’s first-quarter earnings call Monday. The spinoff comes through a merger with Austerlitz Acquisition Corp. I and the company will trade on Nasdaq under the symbol WBET. The symbol is a nod to its […] Read More

Posted on: May 11, 2021 | | Pat Evans

Can WynnBet Get A Boost From A Sports Podcast Studio On Property?

WynnBet is at the center of Wynn Resorts’ $3.5 million equity investment into Blue Wire, a sports podcasting company. The three-year partnership includes a rent-free studio in the Wynn lobby in Las Vegas. The studio will debut this summer with Blue Wire hiring national “sports and pop culture talent to create daily content,” according to […] Read More

Posted on: February 25, 2021 | | Pat Evans

WynnBET Growth Plan To Ramp Up Before Next NFL Betting Season

Wynn Resorts plans to see its WynnBET endeavors explode in the latter part of 2021. During Wynn’s fourth-quarter earnings report late last week, Chief Executive Officer Matt Maddox spent time discussing the company’s bullish approach to online sports betting. Despite being relatively late to the party, Maddox referred to the addressable market for online US […] Read More

Posted on: February 8, 2021 | | Pat Evans

Tennessee Gets Two More Sports Betting Operators But Not For Super Bowl

Two more sports betting operators were approved to take bets in Tennessee Friday. Unfortunately for them, they won’t be live in time for a crucial event: the Super Bowl. Both William Hill and WynnBET received their formal approvals from the Tennessee Education Lottery. For a variety of reasons, though, neither will be live for Super […] Read More

Posted on: January 29, 2021 | | Matthew Waters

Massachusetts Sports Betting Again Rejected By Senate

The chances of Massachusetts even addressing sports betting this year, let alone legalizing, appear much longer after the Senate‘s budget decisions this week. The Senate again rejected the addition of sports betting to its fiscal 2021 budget proposal, which is months overdue. Sen. Bruce Tarr submitted an amendment legalizing sports wagering, just as he did […] Read More

Posted on: November 19, 2020 | | Matthew Waters