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I Would 'Bet' on Wynn Resorts Continuing Its Rally

·3 min read
I Would 'Bet' on Wynn Resorts Continuing Its Rally
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For his second "Executive Decision" segment during Wednesday's Mad Money program, Jim Cramer spoke with Matt Maddox, CEO of Wynn Resorts , and Bill Foley, founder of Austerlitz Acquisition Corp I, to learn more about the company's plan to spin off their online sport betting business. Maddox said that online sport betting will become a $30-$40 billion dollar business in the next few years. Foley added the new company has the potential to become a dominant player in this business and with Wynn's backing and support, it's only getting started.