( WYNN) has put the for sale shingle out on its sports betting entry, WynnBet, within weeks of happy talk about how well its launch was going. ![]() ![]() On top of that comes news that Wynn Resorts Ltd. Sector darlings like Draft Kings ( DKNG) have seen their stock tumble dramatically from a high of $74 early last year to a current $21, a bit up from a recent low of $17. Market, which had bid up leading stocks in the sector, is running for the exits on the sector as the stark realization that profits will be elusive until consolidation and/or merger of sector players builds a full head to steam. The sports betting frenzy ignited by the US Supreme Court decision in 2018, has as we have long forecasted, has moved into fizzle territory. ![]() “Facts which at first seem improbable will, even on scant explanation, drop the cloak which has hidden them and stand forth in naked and simple beauty… Galileo
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |