• Loading stock data...
Saturday, December 13, 2025
    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
    by

    CBA Discussions At the Forefront of USA Training Camp Day 1
    The biggest point of contention in negotiations remains the salary model.
    Sep 6, 2025; Norman, Oklahoma, USA; Warde Manuel, Michigan Donald R. Shepherd Director of Athletics on the field prior to a game against the Oklahoma Sooners at Gaylord Family-Oklahoma Memorial Stadium.
    by

    Michigan Scandals Under Athletic Director Warde Manuel
    The athletic director has led the Wolverines since 2016.
    Dec 6, 2025; Salt Lake City, Utah, USA; Utah Utes forward Kendyl Sanders (13) reacts after a play against the California Baptist Lancers during the second half at Jon M. Huntsman Center.
    by

    The Private Equity ‘Boogeyman’ Shows Up at Utah
    Lawmakers are skeptical of the University of Utah’s groundbreaking agreement.
    Nov 21, 2025; Las Vegas, NV, USA; McLaren driver Lando Norris (4) Red Bull Racing driver Max Verstappen (1) and Mercedes driver George Russell (63) pose for a photo with race engineer Gianpiero Lambiase following the Las Vegas Grand Prix at Las Vegas Strip Circuit.
    by

    F1 Breaks Ratings Record, Widespread Changes Coming in 2026
    ESPN held F1’s U.S. broadcasting rights for eight years.

    Featured Today

    Dec 9, 2025; Toronto, Ontario, CAN; New York Knicks guard Jalen Brunson (11) dribbles against Toronto Raptors guard Jamal Shead (23) during the first half at the 2025-26 NBA Emirates Cup at Scotiabank Arena
    by

    The Lucrative NBA Cup Is Here to Stay
    The in-season tournament, launched in 2023, is turning into a staple.
    The Los Angeles Chargers host executives from UCLA Health on Wednesday, August 7, 2024 at The Bolt in El Segundo, CA.
    December 7, 2025

    The Multibillion-Dollar Business of Pro Athlete Recovery
    What started as ice baths has evolved into a multibillion-dollar industry.
    Big League Wiffle Ball
    November 29, 2025

    Celebrity-Backed Wiffle Ball Has Big-League Aspirations
    Big League Wiffle Ball team owners include Kevin Costner and David Adelman.
    November 24, 2025

    How NBA Arena Experiences Went Ultra-Luxe
    For the most connected guests, the game has become a secondary attraction.

    More in Sports Betting
    Buffalo Bills quarterback Josh Allen runs with the ball looking to throw to a receiver during second half action at Highmark Stadium in Orchard Park on Dec. 7, 2025
    by

    NFL, NCAA Rail Against Prediction Markets: ‘Catastrophic’
    Executives for the leagues offered fresh criticisms of the lack of regulation.
    Aug 1, 2025; Chicago, IL, USA; Baseball commissioner Rob Manfred announces Major League Baseball and the Chicago Cubs will host the 2027 All Star game at Wrigley Field
    exclusive
    December 5, 2025

    MLB Sent Memo Warning Players About Prediction Markets
    The league told players its same betting rules apply to prediction markets.
    December 9, 2025

    Goodell: NFL Not Ready to Align With Prediction Markets
    The NHL has partnered with both Kalshi and Polymarket.
    Sponsored

    20 Years of Coastal Cool: How Johnnie-O Became a Force in Golf,..
    A style movement powering one of the fastest-growing brands in sports and lifestyle.
    Dec 1, 2025; Foxborough, Massachusetts, USA; New England Patriots running back TreVeyon Henderson (32) runs the ball against New York Giants safety Dane Belton (24) during the fourth quarter at Gillette Stadium.
    December 3, 2025

    Polymarket Returns to U.S. After Nearly Four Years
    The wait list is more than 200,000 people long.
    Feb 14, 2024; Kansas City, MO, USA; A general overall aerial view of Kauffman Stadium (foreground) and Arrowhead Stadium at the Truman Sports Complex.
    December 1, 2025

    Missouri’s Betting Debut Comes As Chiefs, Royals Eye New Homes
    The state had been one of the largest without legalized wagering.
    Shayne Coplan. 60 Minutes/YouTube
    December 1, 2025

    Polymarket and Kalshi CEOs Say They’re Changing the World
    They also insist they don’t run gambling platforms.
    John Fisher
    opinion
    November 30, 2025

    Tanking Is Hurting Pro Sports More Than Gambling Ever Could
    Something much worse than gambling is killing sports.