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Wynn Resorts Limited looking to sell off its Wynn Interactive Limited arm
American casino operator Wynn Resorts Limited is reportedly looking to offload its Wynn Interactive Limited subsidiary for as little as $500 million only a few months after proposing to float the online sportsbetting enterprise with a $3.2 billion valuation.
According to a report from the New York Post newspaper, the Las Vegas-headquartered firm is now said to be shopping the subordinate to potential buyers at a steep discount despite the fact that the branch recently secured a New York license for its WynnBet-branded online sportsbetting service. The source detailed that the move additionally comes just six months after the arm inked a deal to make National Basketball Association (NBA) legend Shaquille O’Neal an official brand ambassador.
Rapid rise:
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