Wynn Resorts, Limited and Betbull Limited have announced that they have entered into a transaction to combine the international gaming operations of BetBull, the U.S.-facing gaming operations of Wynn Sports Interactive (a subsidiary of Wynn Resorts) and the social casino operations of Wynn Slots (as subsidiary of Wynn Resorts) to form Wynn Interactive, Ltd. ("Wynn Interactive"). Following the merger, Wynn Resorts will own approximately 71% of Wynn Interactive and will consolidate Wynn Interactive going forward. This transaction positions Wynn Resorts to capitalize on developing opportunities in digital and interactive sports betting and gaming throughout the U.S., by combining Wynn Resorts' nationally recognized brand with BetBull's digital sports betting operational capabilities and technology.
Latham & Watkins LLP represents Betbull Limited in the transaction with a corporate team led by New York partners Keith Halverstam, Peter Labonski and Houston partner Lauren Anderson, with assistance from New York partner Tom Malone, and with Houston associates Blake Berkey, Madeleine Neet, Kate Wang, Whitley Johnson, Cody Smith, and Benjamin Marek, Milan associate Federico Borgogno, New York associates Adam Rosenthal, Sami Ghneim and Victoria McGrath, and London associate Will Temple-Smith. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with New York associate Shruti Hazra; on benefits and compensation matters by New York partner Bradd Williamson and London partner Sarah Gadd, with New York associate Anne Bracaglia and London associates Kendall Burnett and Patrick Ritchie; on finance matters by Houston partner Catherine Ozdogan, with Houston associate Benjamin Gelfand; and on intellectual property and tech transaction matters by New York partner Jeffrey Tochner and Los Angeles partner Ghaith Mahmood, with Los Angeles associate Jia Jia Huang and New York associate Pelin Serpin.