ESPN Bet owner approved for $25million license in New York

A New York regulator has given ESPN Bet owner PENN Entertainment positive news about a multi-million dollar licensing agreement.

Wynn Interactive Holding's online sports betting license in the state of New York was acquired by PENN through a unanimous vote of the New York State Gaming Commission. After PENN committed to paying $25 million for the license, the New York State Gaming Commission approved the agreement. Wynn sold the license along with closing WynnBet's state operations.
 
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