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Wynn Resorts ‘looking to offload’ sports betting business at steep discount

Wynn Resorts is reportedly looking to sell its online sports betting product WynnBET at a steep discount amid high state tax rates, intense competition from other sportbooks, and expensive marketing efforts needed to lure new customers.

According to the New York Post, the Las Vegas-based casino operator has reduced its asking price for its Wynn Interactive unit to $500m (€441m).

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