Wynn Resorts, Limited (NasdaqGS:WYNN) is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff taxes and costly promotions needed to lure customers, The Post has learned. The Las Vegas-based casino giant is quietly shopping its Wynn Interactive unit operator of the WynnBet online gaming app and has slashed the asking price to $500 million after floating a $3 billion valuation less than a year ago, a source close to the situation told The Post.
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Apr. 19 | Barclays Adjusts Wynn Resorts' Price Target to $124 From $123, Keeps Overweight Rating | MT |
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