Caesars finalizes WynnBet market access deal

Caesars finalizes WynnBet market access deal

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Caesars finalizes WynnBet market access deal

The previously disclosed deal between WynnBet and the Sault Ste. Marie Tribe of Chippewa Indians for the long-term extension of market access rights for iGaming has been closed by Caesars Entertainment.

With no expected disruption to the user experience, Caesars will take over operations on the current platform under the WynnBet brand.

In the second half of 2024, the business plans to launch a new online casino brand and migrate WynnBet’s operations to Caesars’ Michigan iGaming platform, subject to regulatory approval.

Eric Hession, president of Caesars Digital commented:

“Caesars Entertainment would like to thank the Sault Ste. Marie Tribe of Chippewa Indians and the Michigan Gaming Control Board for their collaboration through this process.”

Caesars already revealed its financial performance for the fourth quarter and fiscal year ended December 31, 2023. The company reported GAAP net revenue of $2.83 billion in Q4, a little rise over the prior year. Despite a net loss of $72 million in Q4, this was an improvement over the $148 million loss in the same period last year.

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