Sports betting has been one of the widely discussed topics across the states for the past almost half a year since now every state has the right to make a decision affecting its very own future and regulate the field. International casino developer and operator Wynn Resorts is willing to explore the opportunities there are with the help of a brand new collaboration with European sports book developer BetBull.
The mutually beneficial partnership between the two renown brands has the potential to elevate players experience in the foreseeable future. This Thursday saw the announcement of the partnership which is going to introduce the experienced sports betting and casino operator to the vast market of the United States. In an attempt to explore the uncharted territory, BetBull is willing to introduce its sports wagering technology already capitalizing on the European sports betting craze.
Partnership Projected to Bring Benefits to Both Parties
Headquartered in Malta, this company operates under a license issued by the UK, but now it is aiming even higher by making its way into the US emerging sports wagering field. In the meantime, the introduction of a brand new player to the field has the potential to further diversify offerings available. According to the arrangement established between the two companies, Wynn Resorts is going to acquire a stake in BetBull which amounts to some 22.5 percent.
The Malta-based developer wants to utilize the wide popularity of Wynn Resorts and us it to boost its own performance across the states providing sports wagering regulations. For the time being information regarding the strategic collaboration remains very limited, but more details are projected to be revealed in the upcoming weeks. What should be pointed out is that Wynn Resorts is not new to the sports wagering field in Nevada.
Its two Las Vegas properties, Wynn and Encore have their own land-based sports books in operation for many years now. In addition to that, there are also mobile sports betting offering wagering on sports events from every part of Nevada.
The application is overseen by the brand and powered by Miomni Gaming, known for its operation with Boyd Gaming and Paddy Power. At the moment, guesstimations are swirling around the industry. One of the potential options for joint operation is none other than the future Encore Boston Harbor.
Wynn Resorts Could Explore New Markets
Currently, the state of Massachusetts does not have a regulated sports wagering field, but this could change in the upcoming months since next year would see state lawmakers thoroughly review the matter. What would further motivate them to work on a tempting set of rules favorable for all companies operating in the field would be interest expressed by casino developers.
This August saw the launch of MGM Springfield which has a wide array of gaming offerings, but no sports wagering. Next summer would see the official opening day of $2.4-billion Encore Boston Harbor and a sports book addition would make the location even more attractive for casino patrons from around the globe.
Amid heated discussion and more and more operators making a move towards reserving the best spots in the sports wagering sector, Wynn Resorts would also have to work harder on its strategy in the long run.
Wynn Resorts announced a strategic partnership with European based sports betting operator BetBull Limited. The companies plan to seek sports betting opportunities in the U.S. @CDCNewswire
— Howard Stutz (@howardstutz) October 11, 2018
Even though it does not have casino locations in states other than Nevada, it could still set its foot in one of the four states currentgaminglowing such gamin activities. Pennsylvania and Rhode Island are the two states which are projected to commence offering soon, so they could also be the arena of future development.