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(Bloomberg) -- Wynn Resorts Ltd. is shutting down its sports betting app in eight states, becoming the latest company to retrench in an industry being dominated by FanDuel and DraftKings Inc.

In a statement, the company said its app, WynnBet, was pulling out of markets such as New Jersey, Virginia and Arizona, citing the need to spend large sums of money on marketing to acquire sports-betting customers and the lack of states also legalizing online casino games like blackjack and roulette that can make the business more profitable. 

Wynn, which owns casinos in Nevada and Massachusetts, is keeping the app active in those two states. Operations in New York and Michigan are under review. 

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  • 2 weeks later...
52 minutes ago, trytrytry said:

please everyone delete the fanduel APP and all things related to that  horriffic company.  worst thing the happen to  USA sports by far.  make it stop

biffs america

 

tied directly to joe the plumbers bank account so that he can lose his life savings sunday morning at 2 a.m drinking whisky 

 

 

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1 hour ago, KingKolzig said:

biffs america

 

tied directly to joe the plumbers bank account so that he can lose his life savings sunday morning at 2 a.m drinking whisky 

 

 

then joe sees me and says "fuk that guy he should fuking kill himself crazy fuk. they said hes super fukin crazy yeah i bet he is"

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3 hours ago, rosiehee said:

Wynn Resorts' decision to shut down its sports betting app in several states certainly highlights the competitive nature of the market. It seems like companies like FanDuel and DraftKings are really dominating the scene. The reasons Wynn cited make a lot of sense, especially the importance of marketing and the profitability of online casino games.

Speaking of casino-related matters, if you're looking for more insights, you might want to check out https://www.nzcasinoclub.com/bitdreams-casino.htm. It's always intriguing to see how businesses adapt and make strategic moves in response to industry trends.

Excellent link, thank you.

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