Wynn sports is losing lots of money

[BobbyFK]

They lost $200 million Q3 and 4... that's crazy. It looks like they do not want to invest in a new customer marketing but then how do they obtain players?

Wynn Switches Up Sports Betting Strategy To Lose Less Money

Wynn Interactive is on track to lose around $200 million across Q3 and Q4 but will scale back spending dramatically next year.

www.legalsportsreport.com

 

[Oddsmaker]

Bobby most are losing big money

 

[BobbyFK]

Bobby most are losing big money

That's true

 

[ScottyBaseball]

since when does a Bookie lose money??

 

[Oddsmaker]

since when does a Bookie lose money??

massive fees and low hold sportsbetting wise

 

[BMR_Brad]

Setup costs probably. And probably even planned to realize losses at a good time to offset profit elsewhere.

 

[FrankDexter]

I don't know if this refers to Wynn Las Vegas or WynnBet, but maybe Wynn Las Vegas would make more money by opening their app more hours.

They are last to open and first to close.

They have even gone a whole day once forgetting to open the app all together.

Some Saturdays they open up at 8:45am when there are about 20 games starting at 9am.

They also can't wait to get out of work as well, sometimes closing the app before the last NBA games go the half.

It's crazy to think how much action they lose by being so dang lazy.