• Loading stock data...
Saturday, November 15, 2025
    More
    Want a chance to win $250 and free FOS gear? Take our quick reader survey. Take the survey here
    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

    Nov 13, 2025; Salt Lake City, Utah, USA; Atlanta Hawks forward Onyeka Okongwu (17) makes a three point basket over Utah Jazz center Jusuf Nurkic (30) during the first quarter at Delta Center.
    exclusive
    by

    Kalshi Adds NBA Prop Markets As Betting Crackdowns Surge
    A Kalshi spokesperson says it has “robust” protections in place.
    May 7, 2025; Washington, District of Columbia, USA; Cleveland Guardians relief pitcher Emmanuel Clase (48) is congratulated by catcher Bo Naylor (23) after earning a save against the Washington Nationals at Nationals Park.
    by

    Emmanuel Clase Pleads Not Guilty to Sports Betting Scheme
    The All-Star closer was released on a $600,000 bond.
    February 6, 2024; Las Vegas, NV, USA; Super Bowl LVIII signage at Caesars Palace.
    by

    Nevada Going All Out in War Against Prediction Markets
    The state’s gaming regulator is unhappy with the rise of prediction markets.
    Cincinnati Bengals quarterback Joe Burrow (9) is interviewed by sideline reporter Laura Rutledge in the third quarter of the NFL Preseason Week 2 game between the Washington Commanders and the Cincinnati Bengals at Northwest Stadium in Landover, Md., on Monday, Aug. 18, 2025. The Bengals won the game, 31-17.
    exclusive
    by

    ESPN Orders On-Air Talent to End Solitaire App Promo: Sources
    Mina Kimes was the first to publicly distance herself from the promo.

    Featured Today

    Sailgating
    by

    ‘Sailgating’: Inside Washington Football’s Tradition on the Water
    The pregame experience can cost tens of thousands of dollars.
    exclusive
    November 13, 2025

    Track CEO Charged With Child Rape Passed USATF-Ordered Background Check
    The track world didn’t know about the charges for nearly a year.
    TUCSON, ARIZ. -- Resurfacing and painting of the new floor at McKale Center.
    November 9, 2025

    The Business of College Basketball’s Signature Courts
    Signature floors are a creative—and increasingly expensive—corner of college sports.
    Aug 6, 2025; Sandy, UT, USA; Queretaro defender Edson Partida (22) watches the ball during the second half of the game against Real Salt Lake at America First Field
    November 8, 2025

    Mexican Soccer Is the Next Frontier for American Investors
    Liga MX is an appealing proposition with big potential upside.

    More in Sports Betting
    by

    College Athletes Allegedly Involved in $2M Illegal Sports Betting Ring
    Unnamed college athletes allegedly operated sportsbooks for the gambling ring.
    Jun 11, 2025; Cleveland, Ohio, USA; Cleveland Guardians relief pitcher Emmanuel Clase (48) throws a pitch during the ninth inning against the Cincinnati Reds at Progressive Field.
    November 10, 2025

    MLB Caps Pitch-Level Prop Bets at $200 After Guardians Indictments
    Pitch-level prop bets are capped at $200 and excluded from parlays.
    A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.
    November 12, 2025

    FanDuel Launching Prediction-Markets App—With Sports
    Sports will be available only in states where online sports betting isn’t legal.
    Sponsored

    How HOKA is Reimagining the NIL Relationship
    On Location is redefining the Olympic experience by creating lasting connections beyond the Games.
    Ortiz
    November 10, 2025

    What Happens Next With Guardians’ Contracts After Federal Charges?
    The future is murky for Emmanuel Clase and Luis Ortiz.
    May 9, 2024; Columbus, OH, USA; Sports are shown on TVs behind the bar as guests enjoy the grand opening of DraftKings Sports & Social in the Short North. Though there are no on-site betting windows, eligible customers can place bets through the DraftKings app.
    November 7, 2025

    DraftKings Eyes Prediction-Markets Domination
    The company’s upcoming platform could launch as soon as the fourth quarter.
    ESPN Bet broadcasts inside the PGA Tour Studios building in Ponte Vedra Beach, Florida, on March 14, 2025. [Clayton Freeman/Florida Times-Union]
    November 6, 2025

    Wall Street Sends Mixed Signals on ESPN-Penn Breakup
    Analysts cheered the separation, but shares of Penn Entertainment turned negative.
    ESPN Bet
    exclusive
    November 6, 2025

    ESPN Shutters Betting App and Pivots to DraftKings Deal
    ESPN Bet is ceasing to exist roughly two years after its high-profile debut.