Wynn Resorts Ltd. said Oct. 11 that it has partnered with European sports betting operator BetBull Ltd. to pursue sports betting opportunities in the U.S.
The Las Vegas-based casino operator said it will make a minority investment in BetBull, but it did not disclose the figure. Upon completion of the investment, Wynn Resorts will hold a 22.5% stake in BetBull on a fully diluted basis.
Moelis & Co. LLC acted as financial adviser to Wynn Resorts.
The transaction is subject to customary closing conditions.
- Author
- Kiran Murali
- Theme
- Real Estate