Sports betting

Wynn’s outgoing CEO: “Competitors are spending too much to get customers”

Matt Maddox insists focus is on “not losing lots and lots of money” as casino group’s WynnBet acquires 26,000 FTDs in Arizona during September

Wynn Resorts CEO Matt Maddox has accused rival sports betting operators of over-spending to acquire users and has described the Arizona market as “really not sustainable.” Speaking during the operator’s Q3 results, Maddox, who is due to step down after 20 years with the business and four years in the top job, singled out Arizona…

Arizona | matt maddox | Q3 2021 | Sports betting | Wynn Interactive | Wynn resorts