1. 01-23-22 06:05 PM #1
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    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 — operator of the WynnBet online gaming app — 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.
    Reply With Quote Reply With Quote
  2. 01-23-22 06:14 PM #2
    MinnesotaFats
    MinnesotaFats's Avatar Become A Pro!
    Join Date: 12-18-10
    Posts: 14,757
    Betpoints: 1664

    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
    Reply With Quote Reply With Quote
  3. 01-23-22 06:58 PM #3
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    No idea Fatty

    These books realizing not much money in it
    Reply With Quote Reply With Quote
  4. 01-23-22 07:05 PM #4
    big joe 1212
    big joe 1212's Avatar Become A Pro!
    Join Date: 06-01-08
    Posts: 19,376
    Betpoints: 5365

    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.
    Reply With Quote Reply With Quote
  5. 01-23-22 07:19 PM #5
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Lol good one
    Reply With Quote Reply With Quote
  6. 01-23-22 07:21 PM #6
    MinnesotaFats
    MinnesotaFats's Avatar Become A Pro!
    Join Date: 12-18-10
    Posts: 14,757
    Betpoints: 1664

    DraftKings still losing hundreds of millions

    Just PUMPING EVERYTHING into TV ads and investors paying the price
    Reply With Quote Reply With Quote
  7. 01-23-22 07:26 PM #7
    gshock1
    gshock1's Avatar Become A Pro!
    Join Date: 12-04-09
    Posts: 5,366
    Betpoints: 750

    Offshore is only going to get stronger after the dust settles
    Reply With Quote Reply With Quote
  8. 01-23-22 07:28 PM #8
    rake922
    rake922's Avatar Become A Pro!
    Join Date: 12-23-07
    Posts: 11,692
    Betpoints: 2117

    Reply With Quote Reply With Quote
  9. 01-23-22 08:13 PM #9
    mjsuax13
    mjsuax13's Avatar Moderator
    Join Date: 03-14-15
    Posts: 22,011
    Betpoints: 886

    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 aren’t interested in the book anymore. I’m in YPO with a GM of a strip property and he says it’s wasted space because on most days it doesn’t generate much revenue like restaurants, slots, shops, etc… you get the $5 bettor in there sitting all day. I’d license it to keep my brand top of mind and move on. Particularly Wynn.
    Reply With Quote Reply With Quote
  10. 01-23-22 09:38 PM #10
    Waterstpub87
    Slan go foill
    Waterstpub87's Avatar Become A Pro!
    Join Date: 09-09-09
    Posts: 4,044
    Betpoints: 7298

    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.
    Reply With Quote Reply With Quote
  11. 01-23-22 10:34 PM #11
    topgame85
    topgame85's Avatar Become A Pro!
    Join Date: 03-30-08
    Posts: 12,325
    Betpoints: 3082

    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!
    Reply With Quote Reply With Quote
  12. 01-24-22 02:55 AM #12
    mjsuax13
    mjsuax13's Avatar Moderator
    Join Date: 03-14-15
    Posts: 22,011
    Betpoints: 886

    We should start a book.
    Reply With Quote Reply With Quote
  13. 01-24-22 03:11 AM #13
    ChuckyTheGoat
    ChuckyTheGoat's Avatar SBR PRO
    Join Date: 04-04-11
    Posts: 31,511
    Betpoints: 24869

    Quote Originally Posted by mjsuax13 View Post
    We should start a book.
    JJ Gold Sportsbook. Tell me that wouldn't be awesome!
    Reply With Quote Reply With Quote
  14. 01-24-22 04:36 AM #14
    nyplayer33
    nyplayer33's Avatar Become A Pro!
    Join Date: 09-27-06
    Posts: 8,305
    Betpoints: 106

    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
    Reply With Quote Reply With Quote
  15. 01-24-22 07:15 AM #15
    ChuckyTheGoat
    ChuckyTheGoat's Avatar SBR PRO
    Join Date: 04-04-11
    Posts: 31,511
    Betpoints: 24869

    Wynn is a beautiful property. Love the walk thru the Art Gallery.
    Reply With Quote Reply With Quote
  16. 01-24-22 10:53 AM #16
    Getch13
    Getch13's Avatar SBR PRO
    Join Date: 07-13-18
    Posts: 6,260
    Betpoints: 66416

    New York Wows With $603 Million Sports Betting Handle In First Nine Days

    https://www.nyonlinegambling.com/new...-handle-total/
    Reply With Quote Reply With Quote
  17. 01-24-22 01:02 PM #17
    weeminer
    weeminer's Avatar Become A Pro!
    Join Date: 02-08-21
    Posts: 86
    Betpoints: 805

    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.
    Reply With Quote Reply With Quote
  18. 01-24-22 01:35 PM #18
    captrobey
    captrobey's Avatar SBR PRO
    Join Date: 09-02-10
    Posts: 33,443
    Betpoints: 10752

    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 .
    Reply With Quote Reply With Quote
  19. 01-24-22 01:55 PM #19
    blackbart
    blackbart's Avatar SBR PRO
    Join Date: 12-04-07
    Posts: 3,782
    Betpoints: 20709

    Like the early days of offshore sports betting, anyone with half a brain is making money right now.
    Reply With Quote Reply With Quote
  20. 01-25-22 12:07 AM #20
    d2bets
    d2bets's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 39,777
    Betpoints: 21677

    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?
    Reply With Quote Reply With Quote
  21. 01-25-22 05:36 AM #21
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    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
    Reply With Quote Reply With Quote
  22. 01-25-22 07:38 AM #22
    JAKEPEAVY21
    JAKEPEAVY21's Avatar SBR PRO
    Join Date: 03-11-11
    Posts: 28,189
    Betpoints: 47523

    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.
    Reply With Quote Reply With Quote
  23. 01-25-22 08:07 AM #23
    d2bets
    d2bets's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 39,777
    Betpoints: 21677

    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.
    Reply With Quote Reply With Quote
  24. 01-25-22 08:25 AM #24
    Waterstpub87
    Slan go foill
    Waterstpub87's Avatar Become A Pro!
    Join Date: 09-09-09
    Posts: 4,044
    Betpoints: 7298

    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.
    Reply With Quote Reply With Quote
  25. 01-25-22 08:54 AM #25
    d2bets
    d2bets's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 39,777
    Betpoints: 21677

    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.
    Reply With Quote Reply With Quote
  26. 01-25-22 08:30 PM #26
    KiDBaZkiT
    September 2021 POTM
    KiDBaZkiT's Avatar Become A Pro!
    Join Date: 10-20-09
    Posts: 14,962
    Betpoints: 1291

    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. Can’t Fukkin wait!!
    Reply With Quote Reply With Quote
  27. 01-25-22 10:13 PM #27
    Waterstpub87
    Slan go foill
    Waterstpub87's Avatar Become A Pro!
    Join Date: 09-09-09
    Posts: 4,044
    Betpoints: 7298

    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.
    Reply With Quote Reply With Quote
  28. 01-25-22 10:34 PM #28
    dark star
    dark star's Avatar Become A Pro!
    Join Date: 01-04-09
    Posts: 3,899
    Betpoints: 5551

    Wynn is solid book for straight bets.The props are horrible
    Reply With Quote Reply With Quote
  29. 01-25-22 10:46 PM #29
    Waterstpub87
    Slan go foill
    Waterstpub87's Avatar Become A Pro!
    Join Date: 09-09-09
    Posts: 4,044
    Betpoints: 7298

    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.
    Reply With Quote Reply With Quote
  30. 01-25-22 11:04 PM #30
    hehfest
    Tom, What do I do now?
    hehfest's Avatar SBR PRO
    Join Date: 09-28-08
    Posts: 7,857
    Betpoints: 4190

    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
    Reply With Quote Reply With Quote
  31. 01-25-22 11:05 PM #31
    hehfest
    Tom, What do I do now?
    hehfest's Avatar SBR PRO
    Join Date: 09-28-08
    Posts: 7,857
    Betpoints: 4190

    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.
    Reply With Quote Reply With Quote
  32. 01-26-22 05:24 AM #32
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    straight only if anything wynn
    Reply With Quote Reply With Quote
  33. 01-26-22 08:23 AM #33
    d2bets
    d2bets's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 39,777
    Betpoints: 21677

    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?
    Reply With Quote Reply With Quote
  34. 01-26-22 08:34 AM #34
    Waterstpub87
    Slan go foill
    Waterstpub87's Avatar Become A Pro!
    Join Date: 09-09-09
    Posts: 4,044
    Betpoints: 7298

    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.

    Reply With Quote Reply With Quote
  35. 01-26-22 04:45 PM #35
    DontTailMe
    DontTailMe's Avatar Become A Pro!
    Join Date: 03-24-19
    Posts: 2,897
    Betpoints: 6810

    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.
    Reply With Quote Reply With Quote
12 Last
Top
« Previous Thread | Players Talk | Next Thread »