Wynn Resorts buys 22.5 percent of digital sports operator BetBull Ltd.

Wynn Resorts buys 22.5 percent of digital sports operator BetBull Ltd.

October 12, 2018 10:28 AM
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Wynn Resorts revealed late Thursday it would buy 22.5 percent of BetBull Ltd., the European digital sports betting operator, as part of a “strategic partnership” to jointly seek new sports betting opportunities in the U.S.

Few other details were released in the Wynn announcement. Currently Wynn’s U.S. footprint remains solely in Nevada and features a Miomni-powered mobile wagering product.

Wynn, a major player in the Macau, is also developing its $2.4 billion Encore Boston Harbor project in Massachusetts. Sports wagering is not yet legal in that state, where regulators are still determining whether to let Wynn operate.

As of Friday morning, Wynn has yet to name a replacement for sportsbook executive John Avello, who resigned his position last week to join DraftKings, the Daily Fantasy Sports operator who is expanding its footprint into Nevada-style, single-team sports wagering no longer banned beyond Nevada by federal law.