Penn Leisure acquires Wynn Resorts’ New York licenses in a $25m deal. Pending regulatory approvals, Penn anticipates the ESPN Wager model’s launch in New York in 2024.
Penn will buy Wynn’s WSI US, LLC for $25m, acquiring WynnBet licenses from the New York State Gaming Fee. This secures cellular sports activities betting market entry for Penn, positioning ESPN Wager amongst New York’s 9 on-line sports activities betting manufacturers.
Current energetic manufacturers embody FanDuel, DraftKings, Bally Wager, BetMGM, Caesars Sportsbook, Fanatics Sportsbook, Resorts World Wager, and BetRivers.
Penn CEO and president Jay Snowden, stated:
This is a crucial growth that can deliver ESPN Wager to the biggest regulated on-line sports activities wagering market in North America. Along with ESPN, we’re constructing a model that’s synonymous with sports activities betting, and working within the New York market is vital as we develop ESPN Wager throughout the US.
