1. #1
    jjgold
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    Another USA Sportsbook property broke The Wynn

    Wynn Resorts is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff taxes and costly promotions needed to lure customers, The Post has learned.

    The Las Vegas-based casino giant is quietly shopping its Wynn Interactive unit ó operator of the WynnBet online gaming app ó and has slashed the asking price to $500 million after floating a $3 billion valuation less than a year ago, a source close to the situation told The Post.

  2. #2
    MinnesotaFats
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    Did Caesars buy theirs back from WMH after the merger or wtf happened there?

    Seems Casinos are just not interested in the book anymore, probably make more licensing their name to a 3rd party software operator

  3. #3
    jjgold
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    No idea Fatty

    These books realizing not much money in it

  4. #4
    big joe 1212
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    NY books getting killed with all these promos

    Everyone in the state took free money from Caesars. It’s almost like Biden is running that book.

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    jjgold
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    Lol good one

  6. #6
    MinnesotaFats
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    DraftKings still losing hundreds of millions

    Just PUMPING EVERYTHING into TV ads and investors paying the price

  7. #7
    gshock1
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    Offshore is only going to get stronger after the dust settles

  8. #8
    rake922
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  9. #9
    mjsuax13
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    Quote Originally Posted by MinnesotaFats View Post
    Did Caesars buy theirs back from WMH after the merger or wtf happened there?

    Seems Casinos are just not interested in the book anymore, probably make more licensing their name to a 3rd party software operator
    Most arenít interested in the book anymore. Iím in YPO with a GM of a strip property and he says itís wasted space because on most days it doesnít generate much revenue like restaurants, slots, shops, etcÖ you get the $5 bettor in there sitting all day. Iíd license it to keep my brand top of mind and move on. Particularly Wynn.

  10. #10
    Waterstpub87
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    I like Wynn bet. They tend to have really offmarket lines (often like a point different on NBA totals, normally a half on sides). You can get pretty good deals. It a shame if someone else picked it up and moved it closer to the market.

  11. #11
    topgame85
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    3-5 yrs from now, if iGaming can get the nod in 5-10 more states, books are hugely profitable. Daily fantasy was meant to build a path to online sportsbook. Online Sportsbook to iGaming. Worst case is you buy now, books halve, and get bought out in a year for today's valuation. Essentially a breakeven minus opportunity cost. On the other hand, a group of states that over projected OSB revenue cave and let in iGaming. You make 5-10x on your investment. Jackpot!

  12. #12
    mjsuax13
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    We should start a book.

  13. #13
    ChuckyTheGoat
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    Quote Originally Posted by mjsuax13 View Post
    We should start a book.
    JJ Gold Sportsbook. Tell me that wouldn't be awesome!

  14. #14
    nyplayer33
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    Quote Originally Posted by big joe 1212 View Post
    NY books getting killed with all these promos

    Everyone in the state took free money from Caesars. It’s almost like Biden is running that book.
    Where in New york is this

  15. #15
    ChuckyTheGoat
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    Wynn is a beautiful property. Love the walk thru the Art Gallery.

  16. #16
    Getch13
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    New York Wows With $603 Million Sports Betting Handle In First Nine Days

    https://www.nyonlinegambling.com/new...-handle-total/

  17. #17
    weeminer
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    Quote Originally Posted by topgame85 View Post
    3-5 yrs from now, if iGaming can get the nod in 5-10 more states, books are hugely profitable. Daily fantasy was meant to build a path to online sportsbook. Online Sportsbook to iGaming. Worst case is you buy now, books halve, and get bought out in a year for today's valuation. Essentially a breakeven minus opportunity cost. On the other hand, a group of states that over projected OSB revenue cave and let in iGaming. You make 5-10x on your investment. Jackpot!
    Yeah everyone loves pointing out how the current spending makes no sense for low margin sportsbetting business, but the real play here is online casinos which will just take a few more years. Meanwhile this is best time ever to be a sports bettor. Like the early days of online poker, anyone with half a brain is making money right now.

  18. #18
    captrobey
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    Another thing i do not like about Caesars is the site they have that was for sports and casino all of a sudden even though it shows sports too once you hit it you do not get sports. They give you a totally separate link that has Sports and casino and it will not let you transfer it over to there you are stuck with the damn rigged casino games .

    I do not play a lot on there but once in awhile i throw a small amount on fully expecting to lose it. Just for fun. I actually worked it up to $1700 or so then tried to switch over to Sports . It would not let me . So i went back into the casino and got it to $2800 i think it was and just cashed out .

  19. #19
    blackbart
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    Like the early days of offshore sports betting, anyone with half a brain is making money right now.

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  20. #20
    d2bets
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    Quote Originally Posted by Waterstpub87 View Post
    I like Wynn bet. They tend to have really offmarket lines (often like a point different on NBA totals, normally a half on sides). You can get pretty good deals. It a shame if someone else picked it up and moved it closer to the market.
    Do they mind you betting those? How are the limits?

  21. #21
    jjgold
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    Quote Originally Posted by d2bets View Post
    Do they mind you betting those? How are the limits?
    its like 90% of books in world if you beat closers on a regular basis your gone even if you lose millions

  22. #22
    JAKEPEAVY21
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    Quote Originally Posted by ChuckyTheGoat View Post
    Wynn is a beautiful property. Love the walk thru the Art Gallery.
    Chucky, you are a worldly degenerate.
    175 pts

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  23. #23
    d2bets
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    Quote Originally Posted by jjgold View Post
    its like 90% of books in world if you beat closers on a regular basis your gone even if you lose millions
    If you beat closers on a regular basis you literally can't lose millions.

  24. #24
    Waterstpub87
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    Quote Originally Posted by d2bets View Post
    Do they mind you betting those? How are the limits?
    It hasn't seemed like it, but it hasn't been that long, been on them consistently for a couple months. Limits are atleast 1,000.

  25. #25
    d2bets
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    Quote Originally Posted by Waterstpub87 View Post
    It hasn't seemed like it, but it hasn't been that long, been on them consistently for a couple months. Limits are atleast 1,000.
    Nice. I'm crossing my fingers that Wynn will be one of the new IL books in March.

  26. #26
    KiDBaZkiT
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    Quote Originally Posted by gshock1 View Post
    Offshore is only going to get stronger after the dust settles
    Offshore is fukking trash. These books back East seem to have issues but my god offshore isnt the answer. Cannot fukking WAIT to move back to Nevada. Canít Fukkin wait!!

  27. #27
    Waterstpub87
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    Quote Originally Posted by d2bets View Post
    Nice. I'm crossing my fingers that Wynn will be one of the new IL books in March.
    Prime example for NBA tomorrow:
    Mem at SAS total points:

    Draftkings 227.5
    Betmgm 227.5
    Pointsbet 228
    Everywhere else: 227.5

    Wynnbet: 229

    I'll take that free point and a half on the under. There is one of these every other night where its out of wack.

  28. #28
    dark star
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    Wynn is solid book for straight bets.The props are horrible

  29. #29
    Waterstpub87
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    Quote Originally Posted by dark star View Post
    Wynn is solid book for straight bets.The props are horrible
    Agreed. Not the book for props.

  30. #30
    hehfest
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    Quote Originally Posted by Waterstpub87 View Post
    Agreed. Not the book for props.

    Like Wynn too. I notice something similar at PointsBet. They will have their juice on many games like this on normally "live" bets but still deviations on pre-game too:
    MGM: -160
    PointsBet: -210

  31. #31
    hehfest
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    Quote Originally Posted by MinnesotaFats View Post
    Did Caesars buy theirs back from WMH after the merger or wtf happened there?

    Seems Casinos are just not interested in the book anymore, probably make more licensing their name to a 3rd party software operator

    Caesars spends so much on those dam commercials (with your favorite buddy? Joking.) yet they can't answer their phone, live chat, or email. Very strange. Not going to deal with them....not that they would care. The Egyptian Cleopatra chick is smoking hot though (even though its a wig) in those commercials.

  32. #32
    jjgold
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    straight only if anything wynn

  33. #33
    d2bets
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    Quote Originally Posted by Waterstpub87 View Post
    It hasn't seemed like it, but it hasn't been that long, been on them consistently for a couple months. Limits are atleast 1,000.
    Are you betting dimes on these plays there?

  34. #34
    Waterstpub87
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    Quote Originally Posted by d2bets View Post
    Are you betting dimes on these plays there?
    I'm small time. $150 a play normally. But I've hedged free play there, and they took larger bets, so my assumption is they do take the larger bets. I hedged like 2,000 to win 1,200 or so when hedging the Caesars 5,000 risk free.

    One if the downsides of legal books is they never say upfront what the limits are.
    Points Awarded:

    d2bets gave Waterstpub87 2 Betpoint(s) for this post.


  35. #35
    DontTailMe
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    Quote Originally Posted by KiDBaZkiT View Post
    Offshore is fukking trash. These books back East seem to have issues but my god offshore isnt the answer. Cannot fukking WAIT to move back to Nevada. Can’t Fukkin wait!!
    Depends on what you're looking for I guess. Several offshore books put up with a considerable amount of winning. I do not look forward to the day that offshores pull out of my state.

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