Penn Purchase of New York WynnBet Sportsbook Only Applies to the Empire State

Penn Entertainment‘s Feb. 13 announcement about buying New York WynnBet Sportsbook is only that and not a hint that Penn is buying Michigan WynnBet Casino or any other WSI US assets, Penn clarified to Bonus on Feb. 14.

Bonus noticed WynnBet’s remaining online casino site — Michigan WynnBet Casino — says it’s operated by WSI US.

In Penn’s press release about purchasing New York WynnBet Sportsbook and transferring the license to its ESPN Bet brand, Penn said:

As part of the transaction, PENN is acquiring WSI US, LLC, from Wynn Interactive Holdings for $25 million.

So Bonus reached out to Seth Medvin — assistant vice president and marketing and communications professional with Wynn Sports Interactive (WSI).

Bonus asked this about the online casino app Medvin said “remains under review” even as WynnBet sites have closed down in eight states so far:

To be clear, does the sale of WSI US, LLC include licenses for other states or any of WynnBet’s other assets? I see the name ‘WSI US, LLC’ appear in other contexts, such as being the operator for WynnBet Michigan.

Medvin told Bonus on Feb. 14:

That question is better suited for the purchasing entity. There is no context or comment that I can share regarding Michigan at this time.

Bonus asked Eric Schippers, Penn’s senior vice president of public affairs, the same question.

He told Bonus:

NY only.

Penn (Penn Entertainment 19,07 +1,87%) said ESPN Bet will launch in New York after regulators approve the license transfer. Penn expects that to happen in 2024.

Meanwhile, the online gambling arm of Wynn Resorts (Wynn Resorts 83,27 -0,32%) has closed apps in the following states:

  • Colorado
  • Indiana
  • Louisiana
  • Massachusetts
  • New Jersey
  • Tennessee
  • Virginia
  • West Virginia

For now, Arizona, Michigan, and New York still have WynnBet sites.

The New York site will have to close down before the ESPN Bet site can come online to accept mobile sports bets.

About the Author

Heather Fletcher

Heather Fletcher

Heather Fletcher is Lead Writer at Bonus, concentrating on online casino coverage. She specializes in breaking news, legislative coverage, and gambling marketing strategy overviews. To reach Heather with a news tip, email [email protected].
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