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Could Spinning Off Online Sports Betting Help Casino Stocks?

Could Spinning Off Online Sports Betting Help Casino Stocks?
Casino stocks traded down on Tuesday with concerns over how China will regulate casinos in the Macau region.

The relationship between casino traffic during and after the COVID-19 pandemic and international relations are having an impact on share prices of stocks.

This leads to an important topic that could provide value to shareholders: Could spinning off online sports betting and iGaming operations help stocks of casino companies?

Wynn Resorts: The question could be answered soon with the online sports betting and iGaming arm of Wynn Resorts, Limited (NASDAQ:WYNN) getting spun off via a SPAC merger.

Wynn Interactive, which includes WynnBet and Bet Bull, a UK online sports betting and iGaming brand, is going public via Austerlitz Acquisition Corp I (NYSE:AUS).
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