It would appear all the recent rumours about US-listed MGM Resorts having another crack at Entain in the early part of 2023 are ill founded.
Shares in Entain, the owner of Ladbrokes, are down almost 10pc this morning after MGM boss Bill Hornbuckle (what a great name) ruled an imminent move for the FTSE 100-listed company...
Entain's shares have perked up almost 6pc this morning amid talk US-listed casino operator MGM has rekindled its interest in bidding for the London-listed gaming business.
The talk is emanating from the Off Shore Gaming Association blog, which is suggesting that MGM is fed up with its US partnership deal with Entain and may look to buy the owner of Coral and Ladbrokes as a way out of the BetMGM joint venture. Below is a link to the piece:..
The London market hasn't even yet opened for its first full day of trading of the New Year but already there is fresh multi-billion bid on the table.
The Wall Street Journal is reporting that MGM has submitted a $10 billion takeover approach for Entain, which was formerly known as GVC and owns the bookeeper Ladbrokes. Below is the link:..