• Loading stock data...
Friday, October 24, 2025
    More
    Want a chance to win $250 and FOS merch? Take a few minutes to complete our survey and help us improve with your feedback! Take the survey Today
    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

    Mar 5, 2025; Boston, Massachusetts, USA; The NBA logo is seen on the court before thegame between the Boston Celtics and the Portland Trail Blazers at TD Garden.
    by

    The History of Hoops Betting Scandals
    The arrests of Rozier and Billups are just the latest scandal involving basketball.
    Jun 10, 2025; Eugene, OR, USA; A NCAA logo flag at the NCAA Track and Field Championships at Hayward Field.
    by

    College Athletes Can Bet on Pro Sports Starting in November
    An NBA player and coach were charged Thursday in a sports betting investigation.
    Oct 16, 2025; Salt Lake City, Utah, USA; Portland Trail Blazers head coach Chauncey Billups gives instructions to his team during the first half against the Utah Jazz at Delta Center.
    by

    Chauncey Billups Is Rare Pro Coach Involved in Gambling Scandal
    The recent string of gambling scandals have centered on athletes.
    draftkings
    exclusive
    by and

    DraftKings Is Paying Up to $250M for Prediction-Market Railbird
    The deal was announced Tuesday, but financials weren’t disclosed.

    Featured Today

    Christie's
    by

    Lou Gehrig’s $4M Jersey and the Exploding Sports Memorabilia Market
    An ultra-rare sports collection is about to hit the auction block.
    @chef__tezz/Instagram
    October 19, 2025

    Inside the NFL’s Private Chef Network
    Private chefs are the unsung architects of player performance.
    October 18, 2025

    How Vanderbilt Went From SEC Doormat to Dark Horse CFP Candidate
    After beating LSU, Clark Lea said: “Internally, we expect to win.”
    May 27, 2025; Indianapolis, Indiana, USA; Indiana Pacers guard T.J. McConnell (9) shoots a three point basket over New York Knicks guard Josh Hart (3) during the third quarter of game four of the eastern conference finals for the 2025 NBA Playoffs at Gainbridge Fieldhouse
    October 18, 2025

    NBA Stars Swap Wine With League Friends and Foes
    A wine-exchange tradition emerged from the bubble season’s close quarters.

    More in Sports Betting
    by and

    Terry Rozier, Chauncey Billups Arrested in FBI Gambling Probes
    The Billups arrest was tied to an illegal Mafia poker operation.
    Jenny Just
    October 13, 2025

    Austin FC Co-Owner: Teach Your Daughters to Play Poker
    She calls poker a “mind sport” like chess that teaches important life skills.
    Sports are shown on TVs behind a bar as guests enjoy the grand opening of DraftKings Sports & Social in Ohio.
    October 21, 2025

    DraftKings Buys Prediction-Markets Platform but No Sports Just Yet
    Front Office Sports reported DraftKings was in talks to buy Railbird in August.
    Sponsored

    How HOKA is Reimagining the NIL Relationship
    Fans can now follow their favorite golfers and experience every marquee moment at the Ryder Cup — thanks to innovation from T-Mobile.
    Inside NCAA Headquarters located in Indianapolis on Friday, March 10, 2023. Ncaa President Charlie Baker
    October 8, 2025

    NCAA Approves Plan to Let D-I College Athletes Bet on Pro Sports
    The proposal still needs to be approved by D-II and D-III committees.
    NYSE
    October 7, 2025

    NYSE Owner Pours $2B Into Polymarket at $8B Valuation
    Prediction markets keep pushing further into the mainstream.
    Sep 18, 2025; Orchard Park, New York, USA; Buffalo Bills quarterback Josh Allen (17) runs the ball against the Miami Dolphins in the second half at Highmark Stadium.
    exclusive
    September 25, 2025

    Kalshi, Polymarket Sought to Buy Prediction-Market Platform Novig
    Novig is available in close to 40 states.
    September 12, 2025

    FanDuel, Jaguars Reach $5M Deal Over Employee Theft
    A Jaguars employee stole $20 million and gambled much of it with FanDuel.