• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Wynn, BetBull tie to tap U.S. sports bet market

Oct 12, 2018 Newsdesk Industry Talk, Latest News, Top of the deck  


Wynn, BetBull tie to tap U.S. sports bet market

Wynn Resorts Ltd is buying a 22.5-percent stake in European sports betting company BetBull Ltd that the  casino firm says will help it build a presence in the United States sport-betting market. BetBull would benefit from the power of the Wynn brand derived from land-based casino gaming, said the casino firm.

In a written announcement issued on Thursday, Wynn Resorts said it would own a fully diluted share in BetBull.

The latter is said to offer free-to-play “game mechanics” and to tap into consumers’ liking for social media-style communication.

The announcement neither mentioned the consideration involved in the deal, nor gave more detail on Wynn Resorts’ plan to expand into the U.S. betting industry outside of casinos. A handful of U.S. states have legalised widespread sports betting this year, including New Jersey and Delaware. More are likely to follow according to some investment analysts.

Wynn Resorts runs casinos in Las Vegas and is building its first U.S. casino outside of Nevada in the northeastern state of Massachusetts. Wynn’s interests in Macau include Wynn Macau on that city’s peninsula, and Wynn Palace in Cotai, operated by the group’s Hong Kong-listed unit. Wynn Macau Ltd, is operated by Wynn Resorts.

The Wynn organisation has expressed interest in running a casino in Japan once casino gambling is legalised there.

Wynn already runs sports betting operations in Las Vegas but the BetBull acquisition would allow the company to expand its footprint outside Nevada and positions the organisation for any expansion of the U.S. gaming market.

In Macau, second-quarter net profit at Wynn Macau Ltd grew by 56.2 percent in year-on-year terms, to about US$160.3 million, the firm announced at the start of August.


  • tweet
Related articles
  • LVS says to bid for downstate NY casino licence
    LVS says to bid for downstate NY casino...

    Jan 13, 2023  

  • Macau 2023 mass GGR at least 60pct of 2019: S&P
    Macau 2023 mass GGR at...

    Jan 11, 2023  

More news
  • Available Macau casino tables busy at tail of CNY hols
    Available Macau casino tables busy at...

    Jan 27, 2023  

  • Macau economy to see double-digit growth in 2023: AMCM
    Macau economy to see double-digit...

    Jan 27, 2023  


Latest News

Available Macau casino tables busy at tail of CNY hols

Available Macau casino tables busy at tail of CNY hols

Jan 27, 2023  

Some Macau casinos visited by GGRAsia on Thursday, actually had tables that were closed, notwithstanding strong consumer demand during Chinese New Year (CNY). The reasons for some tables being...
Read More
Macau economy to see double-digit growth in 2023: AMCM

Macau economy to see double-digit growth in 2023: AMCM

Jan 27, 2023  

Macau, APAC early gainers in China tourist return says Fitch

Macau, APAC early gainers in China tourist return says

Jan 27, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


384,600

Aggregate number of visitors to Macau during the first six days of the Chinese New Year holiday break



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • G2E Asia in-person for Macau in 2023, first time since 2019G2E Asia in-person for Macau in 2023, first time since 2019 January 27, 2023
  • Nearly 70k visitors to Macau on 6th day of CNY breakNearly 70k visitors to Macau on 6th day of CNY break January 27, 2023
  • 71pct of Sands China licence spend for venues says parent71pct of Sands China licence spend for venues says parent January 26, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us