13.02.2024 17:08:56 - dpa-AFX: Penn Entertainment To Acquire Mobile Sports Wagering Licenses From Wynn Interactive For $25 Mln
WASHINGTON (dpa-AFX) - Tuesday, Penn Entertainment, Inc. (PENN) announced
that it has agreed to acquire the WSI US, LLC, which holds the mobile sports
wagering licenses issued by the New York State Gaming Commission in 2021, from
Wynn Interactive Holdings, a subsidiary of Wynn Resort.
This acquisition, which was made for $25 million, provides PENN with significant
market access to the jurisdiction, enabling the company to launch its online
sports wagering product, ESPN BET, in New York by 2024. However, the launch is
still subject to regulatory approvals.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX