WynnBET Continues Accelerated Growth Strategy With Launch In Third State

Rhea-AI Summary

WynnBET, a leading casino and sports betting app from Wynn Resorts, announces its launch in Michigan after receiving approval from the Michigan Gaming Control Board. This marks WynnBET's third market entry, following New Jersey and Colorado, with plans for further expansion in 2021, including secured access in Indiana, Iowa, Nevada, and Massachusetts. The app combines sports betting and casino games in a user-friendly platform, aiming to capture Michigan's engaged sports and casino fanbase. WynnBET's growth strategy is supported by a partnership with GAN and the Sault Ste. Marie Tribe of Chippewa Indians.

Positive

• Launch in Michigan increases market presence and potential revenue.
• Partnership with GAN and the Sault Ste. Marie Tribe enhances market access.
• WynnBET poised for further expansion in multiple states in 2021.

Negative

• None.

JERSEY CITY, N.J., Jan. 20, 2021 /PRNewswire/ -- WynnBET, the premier casino and sports betting app from the global leader in luxury hospitality, Wynn Resorts, will open its virtual doors to bettors in Michigan this month, following approval to launch by the Michigan Gaming Control Board. Available for registration and use throughout the state, WynnBET offers a broad selection of professional sports and high-end casino games that users can quickly and easily toggle between, with both verticals integrated into one remarkably reliable, smooth, and secure mobile app.

"We are excited to bring WynnBET and the renowned Wynn betting experience to Michigan, the first of many additional states we intend to enter in 2021," said Craig Billings, President of Wynn Resorts. "With its large and highly engaged community of sports and casino fans, we are confident that Michigan will become a meaningful market for us."

WynnBET gained market access in Michigan through a multi-year deal with GAN and the Sault Ste. Marie Tribe of Chippewa Indians. In addition to Michigan, WynnBET is currently available in New Jersey and Colorado, with market access secured in Indiana, Iowa, Nevada, and Massachusetts¹. WynnBET has also submitted for licensure in Tennessee and Virginia. Such market access and licensure are subject to legalization and required approvals by regulatory authorities in each jurisdiction.

For more information, visit WynnBET.com or WynnInteractive.com.

About WynnBET
WynnBET is the online gaming division of Wynn Resorts (Nasdaq: WYNN) offering a world-class collection of casino and sports betting apps for discerning players who understand the difference between placing a bet and experiencing a bet. WynnBET products are designed to digitally deliver the legendary service and guest experience Wynn Resorts is known for, backed by the Company's trusted legacy as the world's premier international casino operator.

WynnBET is anchored by its eponymous mobile sports and casino betting app providing one-of-a-kind experiences, unique social betting mechanics, and a high-quality user interface. Currently available in New Jersey, Colorado, and now soon in Michigan, WynnBET is poised for rapid expansion in 2021 with market access secured in seven states and several pending license applications in process. In October 2020, WynnBET became an Authorized Gaming Operator of NASCAR, with more partnerships to be announced. WynnBET was launched in 2020 and is headquartered in Jersey City, New Jersey. For more information, visit WynnInteractive.com or WynnBET.com.

¹ WynnBET entered a market access agreement with Encore Boston Harbor which will become effective subject to legalization of online sports betting in Massachusetts and determination of licensee eligibility.

Contact:
Eric Kreller, Wynn Las Vegas
702-770-3740
eric.kreller@wynnlasvegas.com

 

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SOURCE WynnBET

FAQ

When did WynnBET launch in Michigan?

WynnBET launched in Michigan in January 2021.

What is WynnBET's market presence?

WynnBET is currently available in New Jersey, Colorado, and Michigan, with market access secured in several other states.

What types of games does WynnBET offer?

WynnBET offers a selection of professional sports betting and high-end casino games.

How did WynnBET gain access to the Michigan market?

WynnBET gained access through a multi-year deal with GAN and the Sault Ste. Marie Tribe of Chippewa Indians.

What is WynnBET's strategy for expansion in 2021?

WynnBET plans to expand into additional states, having secured market access in Indiana, Iowa, Nevada, and Massachusetts.