$ £

Wynn Resorts Scores New Jersey Online License

A few days after it came out that billionaire gambling executive Steve Wynn announced that he is against the legalization of online gambling in the United States, his company Wynn Resorts secured a New Jersey online betting license.

The move is the latest flip-flop for Wynn, who announced this weekend that he is joining Sheldon Adelson in support of amending The Wire Act, which would outlaw online betting in the United States.

While Wynn Resorts was awarded the license, the group's Spokesman Michael Weaver said that Wynn Resorts' New Jersey online betting plans are on hold while the company "studies the market".

Speaking to the Associated Press, Weaver said: "As Mr. Wynn said this weekend, online gaming does not appear to be a good entrepreneurial opportunity. Consequently, our plans are on hold until we understand the business opportunity."

If Wynn somehow flip-flops again, the group would offer internet betting through Caesars Interactive.

Share this