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Jim Cramer Says Wynn Is a 'Plain Out Buy'

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How's Wynn looking?

"For his second "Executive Decision" segment, Cramer also spoke with Matt Maddox, CEO of Wynn Resorts (WYNN) - Get Report, 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 into a separate entity," TheStreet's Scott Rutt wrote in his Mad Money recap.. "Maddox said that online sport betting will become a $30 billion to $40 billion business in the next few years. Spinning off their operations as an independent company was the best way to attack this growing opportunity."

"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," he continued. "When asked about the traditional casino business, Maddox said there is a lot of excitement and a lot of customers coming back to their casinos in both Boston and Las Vegas and things are looking up in Macau."

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