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This car, sponsored by Bill Foley (who can be one of many principals behind the Paysafe situation discussed beneath), is taking Wynn Resorts’ (NASDAQ: WYNN) online sportsbook business public, in a deal set to close by year’s end. But given the lengthy-term potential development of this industry and the extent it could profit Wynn Interactive? As I mentioned final month, at current prices (around $10 per share), buyers buying Austerlitz (quickly to be often known as Wynn Interactive) ahead of the deal close could also be getting in at a positive entry point. Underdog may just properly be an apt description. FUBO inventory may look dear. You may remember the late final year, and early this year, this inventory was a favorite amongst retail traders.
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