Caesars Entertainment, Inc. (NasdaqGS:CZR) agreed to acquire the Michigan iGaming Business Operations of WynnBET on February 20, 2024. Wynn and Caesars will receive non-cash consideration, including extinguishment, reductions, and assignment of certain contractual obligations related to both parties? businesses.

The transaction also includes a long-term extension of iGaming market access rights with the Sault Ste. Marie Tribe of Chippewa Indians. The transaction is subject to regulatory approvals.