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New Deal


Announced

Completed

Wynn Resorts and Betbull formed a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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internet gambling

United States

Completed

Private Equity

Friendly

Single Bidder

Casinos and Gambling

Majority

Private

Cross Border

Synopsis

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Wynn Resorts, a developer and operator of high end hotels and casinos, and Betbull, a sports betting company, formed a joint venture. Financial terms were not disclosed. "We expect this transaction to position Wynn Resorts to capitalize on developing opportunities in digital and interactive sports betting and gaming throughout the US, by combining Wynn Resorts' nationally recognized brand with BetBull's digital sports betting operational capabilities and technology," Wynn Resorts.

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