Wynn Resorts to close WynnBET in 8 states, citing high marketing costs and better capital use

WYNN RESORTS LTD

WynnBET to cease operations in Arizona, Colorado, Indiana, Louisiana, New Jersey, Tennessee, Virginia, and West Virginia.
Operations in Nevada and Massachusetts will continue; New York and Michigan remain under review.
CFO Julie Cameron-Doe says decision reflects 'higher and better uses of capital deployment' than outsized marketing spend.
Capital investment will focus on states where Wynn Resorts maintains a physical presence.

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