Zona de Azar USA – Wynn Resorts and Scientific Games Sign Deal
USA.- April 22nd 2019 www.zonadeazar.com Wynn Resorts and gaming technology company Scientific Games Corp (SGV) have entered into a new partnership that would allow them to expand their sports betting and online operations in the U.S.
Recently, the two companies announced that the new partnership will enable SGC to provide support to the launch of Wynnâs digital sports betting as well as iGaming applications in the United States. Although the official statement from the two companies shared very little detail about the new agreement, they did announce that New Jersey would be the first to witness the benefits of the union on an unspecified date.
What of Wynnâs other partnerships?
As fruitful as this union may be between Wynn and SGC, many are questioning where this puts the casino operatorâs other partnerships. For instance, last October, Wynn signed a deal with BetBull, a mobile sportsbook operator with a UK license. According to the agreement, Wynn would have a 22.5 percent stake in BetBull.
Another noteworthy question is which casino operator license in New Jersey that Wynn would choose to ride on since the companyâs current casino presence in the U.S is limited only to Nevada. The casino operator is close to launching a new project in the Boston area, however, this may be a bit of a hurdle considering that regulators in Massachusetts will most likely be extra cautious because of Steve Wynn, the companyâs founderâs involvement in sexual harassment allegations.
Obstacles ahead for Wynn?
The companyâs founder Steve Wynn is also often considered by many as the major reason for the operatorâs late entry into the online gambling business. The company suddenly withdrew its application for a New Jersey iGaming license in 2014 for its âinteractiveâ division, without providing any explanation. Back then, Wynn Interactive was planning on operating under the New Jersey permit for Caesars Interactive Entertainment via a partnership with 888 Holdings.
In 2017, after it acquired OpenBet betting platform, SGC became a name to be reckoned with in the sports betting industry. So, the recent partnership with Wynn Resorts seems to be a step that would take them ahead in the gaming industry, especially considering that the market has been acting favorably towards the announcement. It resulted in SGCâs stock rising more than 8 percent by mid-day. However, Wynn only got a 2 percent rise in its stock, which is understandable considering the uncertainty that the company has to face as of now.
Edited by: @MaiaDigital (Twitter)Â www.zonadeazar.com