• Loading stock data...
Saturday, November 8, 2025
    More
    Tune in Nov. 12 at 1 p.m. ET for Future of Sports: Stadium Sophistication. Register now
    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 16, 2024; Austin, Texas, USA; Mississippi Valley State Delta Devils guard Donovan Sanders (3) shoots against the Texas Longhorns during the first half at Moody Center.
    by

    NCAA Announces Six More Men’s Basketball Players Committed Sports Betting Violations
    All six players have been banned, the NCAA said.
    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.
    by

    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]
    by

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

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

    Featured Today

    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
    by

    Mexican Soccer Is the Next Frontier for American Investors
    Liga MX is an appealing proposition with big potential upside.
    G League
    November 6, 2025

    Is College Basketball About to Raid the G League?
    Two G Leaguers have gone back to college. More could follow.
    Oct 11, 2025; University Park, Pennsylvania, USA; Penn State Nittany Lions head coach James Franklin stands on the field following the game against the Northwestern Wildcats at Beaver Stadium
    November 1, 2025

    College Football’s Coach Buyout Bonanza: All Your Questions Answered
    Schools owe their fired coaches millions in buyouts—and it isn’t over.
    Oct 13, 2024; Chicago, IL, USA; Susanna Sullivan of the United States of America finishes seventh in the Chicago Marathon at Grant Park
    October 31, 2025

    More Races, More Money: The New Calculus for Pro Marathoners
    More races per year mean more money—but the math isn’t simple.

    More in Sports Betting
    Dana White
    by

    UFC Cuts Fighter After Suspicious Betting Activity
    Caesars Sportsbook said it would issue refunds for losing bets.
    Apr 1, 2025; Atlanta, Georgia, USA; Portland Trail Blazers head coach Chauncey Billups talks to forward Toumani Camara (33) during the game against the Atlanta Hawks during the second half at State Farm Arena.
    October 31, 2025

    Why the NBA Betting Scandal Was Inevitable—and What Comes Next
    Betting issues will exist “at all levels for the foreseeable future.”
    Saint Francis guard Skylar Wicks (8) shoots a 3-pointer in the first half during an NCAA Men’s basketball game between the Oklahoma Sooners and the Saint Francis Red Flash at Lloyd Noble Center in Norman, Okla., on Monday, Nov. 3, 2025.
    November 4, 2025

    NCAA Pushes Kalshi to Clarify They Are Not Partners
    The organization also wants Kalshi to commit to integrity protocols.
    Sponsored

    How HOKA is Reimagining the NIL Relationship
    On Location is redefining the Olympic experience by creating lasting connections beyond the Games.
    Fanduel
    October 30, 2025

    How The Legal Sports Betting Giants Fit In NBA Betting Scandal
    Four sports betting companies were listed in the indictment.
    Donald Trump Jr. imitates President Donald Trumps as he speaks during a memorial service honoring Charlie Kirk at State Farm Stadium in Glendale on Sept. 21, 2025.
    October 28, 2025

    The Trumps Are All In on Prediction Markets
    Truth Social is launching a platform that will offer sports event contracts.
    October 27, 2025

    Turkish Soccer Says It Has Widespread Ref Gambling Problem
    The scandal involves hundreds of professional soccer referees.
    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.
    October 23, 2025

    The History of Hoops Betting Scandals
    The arrests of Rozier and Billups are just the latest scandal involving basketball.