• Loading stock data...
Wednesday, January 14, 2026
    More
    Sports Betting

    MGM Resorts Ends Entain Takeover Bid

    • Entain rejected an $11 million MGM Resorts takeover bid this month.
    • The two companies are partners in BetMGM.
    By
    Jan 19, 2021 | 04:59 pm
    UPDATED Feb 18, 2023 | 02:08 pm
    Eric Seals, Detroit Free Press

    MGM Resorts has ended its takeover attempt of British gaming company Entain. 

    The news follows a string of offers from MGM to acquire its partner in the sports betting joint venture BetMGM.

    Entain, formerly GVC Holdings, rejected two offers from MGM, including one for $11 billion earlier this month, saying it undervalued the company.

    Entain owns major betting brands like Ladbrokes, bwin, PartyPoker and Coral.

    An MGM and Entain merger would have created one of the largest gambling companies in the world with major physical and online presences.

    Since news of MGM’s efforts to acquire Entain emerged, Entain acquired Swedish gaming firm Enlabs for $333.5 million. CEO Shay Segev announced plans to leave for a co-CEO position at sports-focused streaming service DAZN as well.

    MGM shares finished up 2.45% on Tuesday.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read

    Sep 26, 2025; Bethpage, New York, USA; Team USA golfer Bryson DeChambeau plays his shot from the first tee on the first day of competition for the Ryder Cup at Bethpage Black.
    exclusive
    by

    Kalshi Tees Up First Athlete Deal With Bryson DeChambeau
    The prediction-market platform previously made a deal with the NHL’s Blackhawks.
    by

    EuroLeague Defends Its Turf As NBA Pitches League to Investors
    EuroLeague threatened legal action if the NBA tries to poach contracted teams.
    Jan 9, 2026; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (23) moves the ball against Milwaukee Bucks guard Kevin Porter Jr. (7) during the second half at Crypto.com Arena.
    by

    LeBron Will Wear Special Jersey Patch for Fanatics Trading Cards
    Fanatics Collectibles, which owns Topps, is the NBA’s official trading card licensee.
    Nov 18, 2023; Las Vegas, Nevada, USA; American DJ Steve Aoki during the Formula 1 Heineken Silver Las Vegas Grand Prix at the Las Vegas Strip Circuit.
    by

    DraftKings Cofounder, DJ Steve Aoki Accused of Duping NFT Buyers
    The proposed class action expects “tens of millions of dollars” in damages.

    Featured Today

    Black Rabbit
    by

    The Netflix Star Who Makes Sure NBA Players Have Clean Towels
    How a Nets staffer landed a breakout role on “Black Rabbit.”
    January 9, 2026

    NHL Ditched Its Dress Code. Hockey’s Fashion Era Arrived Quickly
    With no dress code, impeccably dressed players are seeing big-money deals.
    January 6, 2026

    Hockey in Florida Was Once a Risk. Now It’s Thriving
    The state of Florida has become a traditional—and highly lucrative—market.
    Dec 30, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) reacts after scoring a basket against the Detroit Pistons during the second half at Crypto.com Arena
    January 4, 2026

    Why Pro Sports Team Valuations Will Keep Climbing in 2026
    Asset scarcity and increasing media-rights deals underpin soaring valuations.

    More in Sports Betting
    Prediction markets
    by

    Prediction Markets Exploded in 2025. What Comes Next?
    After 2025’s prediction-markets mania, the dust may start to settle in 2026.
    December 30, 2025

    Sportsbooks Sue to Stop Chicago’s New Licensing Requirement
    DraftKings, FanDuel, and others are crying foul over last-minute budget additions.
    December 30, 2025

    ESPN Employee Didn’t Violate Rules in $1 Million DraftKings Win
    ESPN researcher Mackenzie Kraemer didn’t break company rules, a source told FOS.
    Sponsored

    ESPN Edge Innovation Conference 2025: Inside the Technology Shaping the Future of..
    At ESPN Edge Innovation Conference 2025, ESPN showcased how AI, immersive tech, and a rebuilt direct-to-consumer platform are redefining the future of sports media.
    December 30, 2025

    Why Polymarket Has Avoided Legal Pushback So Far
    Regulators have taken a wait-and-see approach since Polymarket’s U.S. relaunch.
    Emmanuel Clase
    December 26, 2025

    2025 Was the Year of Sports Gambling Scandals
    Gambling scandals across pro and college sports went mainstream in 2025.
    Dec 20, 2025; Ottawa, Ontario, CAN; Chicago Blackhawks left wing Andre Burakovsky (28) celebrates with center Ryan Greene (20) his goal scored in the second period against the Ottawa Senators at the Canadian Tire Centre.
    exclusive
    December 23, 2025

    Blackhawks Are First Pro Team to Make Direct Deal With Kalshi
    The deal builds on Kalshi’s existing partnership with the NHL.
    A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.
    December 22, 2025

    FanDuel Joins Prediction-Market Fray As New App Goes Live
    FanDuel Predicts is live in five states.