Caesars to Buy WynnBet's Michigan Business

This week it was revealed that Caesars Entertainment has entered into a purchase agreement to obtain WynnBet's Michigan-facing online casino business, subject to regulatory approval.

The move is the latest by WynnBet to get out of the online gambling business in the United States. The company currently is working with the Sault Ste. Marie Tribe of Chippewa Indians to run the site, but is looking to pull out of the regulated American iGaming market.

If approved, Caesars will have the right to launch more online casino skins using its existing platform in conjunction with the tribe. The company owns many large gambling brands in the United States, including Tropicana, Harrah's, The Linq, Planet Hollywood, and others.

The cash consideration paid for the business wasn't made publicly available. Existing WynnBet customers will automatically be transitioned to the Caesars platform when the purchase is complete.

Commenting on the agreement, Caesars Entertainment Chief iGaming Officer Matt Sunderland said, "As we continue to grow our iGaming franchise, the assumption of WynnBet's iGaming operations in Michigan allows us to tap into a significant market and customer base, providing a crucial step forward in growing our digital products and offering players more ways to play. We are honored to work with the Sault Ste. Marie Tribe of Chippewa Indians and look forward to growing with them in Michigan."

Sault Ste. Marie Tribe of Chippewa Indians Chairman Austin Lowed also commented, noting: "It was paramount that our next partner in iGaming possessed both expertise in the U.S. iGaming market and a history of strong partnerships in Indian country. We believe we found that with Caesars and look forward to being part of their new iCasino offering."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.

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