MGM could consider new bid for Entain following CEO exit US casino operator tried to acquire BetMGM partner four years ago Following the recent departures of three high-level executives, including now former CEO Gavin Isaacs, Entain Plc (OTC: GMVHY) could draw a new takeover bid from MGM Resorts International (NYSE: MGM), its partner on the BetMGM online wagering business. An Entain logo. Amid executive turnover at the company, it’s possible MGM returns with another takeover bid. (Image: ted Learning) Joining Isaacs in leaving the UK-based gaming company were Australia’s Deputy CEO and CFO Lachlan Fitt, and Cameron Rodger. A recent report by Bloomberg Intelligence suggested that turnover could compel MGM to consider another run at Entain. In January 2021, the Bellagio operator offered $11.06 billion for its BetMGM partner. The target rejected that bid as inadequate and those waters were muddied when DraftKings offered nearly as twice as much for Entain. Those talks ultimately fell apart due in part to… Read More
Category: Financial, Mergers and Acquisitions, Rumors, Sports Betting, mergers and acquisitions, rumors, sports betting
Source: Casino.org
