• Loading stock data...
Saturday, July 12, 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

    A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.
    by

    Flutter Acquires Full Ownership of FanDuel in $1.75B Deal With Boyd Gaming
    FanDuel just got a $31 billion price tag.
    Mar 16, 2024; Las Vegas, NV, USA; The BetMGM Sportsbook at the Mandalay Bay resort and casino.
    by

    Support Grows to Repeal Gambling Tax in Trump Budget Bill
    A new bill has been introduced in the Senate.
    Feb 7, 2025; Storrs, Connecticut, USA; UConn Huskies center Tarris Reed Jr. (5) reacts after his basket against the St. John's Red Storm in the first half at Harry A. Gampel Pavilion.
    by

    After Decade Apart, ESPN and Big East Rekindle Media Rights Relationship
    After a decade-plus apart, the network will stream hundreds of conference events.
    Sports are shown on TVs behind a bar as guests enjoy the grand opening of DraftKings Sports & Social in Ohio.
    by

    California AG Has Declared Daily Fantasy Sports Are Illegal. Now What?
    The opinion might spark a broader DFS conversation in the state.

    Featured Today

    Bobbleheads are seen at Vintage Indy Sports, Tuesday, April 29, 2025 in Speedway. The local sports memorabilia store opened recently.
    by

    Baseball’s Bobbleheads Are the Center of the Collectibles Universe
    Baseball’s most important keepsake drives long lines—and big business.
    Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.
    July 11, 2025

    CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure
    As players defect to college, the Canadian Hockey League won’t cede ground.
    Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
    July 9, 2025

    The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’
    Demand for the oddly shaped bats has stayed strong across the sport.
    July 6, 2025

    American Celebs Want to Be Sports Owners. Soccer Is Where They Start
    As U.S. team prices climb, investors set their sights abroad.

    More in Sports Betting
    by

    Betway Parent to Complete U.S. Exodus, Blames Tax Volatility
    “Recent regulatory developments” were cited. 
    Jun 9, 2025; Cleveland, Ohio, USA; Cleveland Guardians starting pitcher Luis Ortiz (45) throws a pitch during the first inning against the Cincinnati Reds at Progressive Field.
    July 3, 2025

    Guardians Pitcher Luis Ortiz Put on Paid Leave Amid MLB Gambling Probe
    Reports say the investigation is tied to gambling.
    Dec 29, 2024; Philadelphia, Pennsylvania, USA; Dallas Cowboys quarterback Cooper Rush (10) passes the ball against the Philadelphia Eagles during the first quarter at Lincoln Financial Field.
    July 3, 2025

    California AG Says Daily Fantasy Sports Are Illegal
    The AG rejected arguments that DFS are games of skill, not chance.
    Sponsored

    Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley
    Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
    Jun 19, 2025; Indianapolis, Indiana, USA; Indiana Pacers guard Andrew Nembhard (2) drives to the basket against Oklahoma City Thunder forward Chet Holmgren (7) during the third quarter during game six of the 2025 NBA Finals at Gainbridge Fieldhouse.
    July 1, 2025

    ‘Existential Threat’: Underdog Sports Sues to Stop AG’s Fantasy Sports Opinion
    The California AG is expected to release his opinion by Thursday.
    Mar 15, 2025; Detroit, Michigan, USA; Detroit Pistons guard Malik Beasley (5) celebrates in the first half against the Oklahoma City Thunder at Little Caesars Arena.
    June 30, 2025

    Malik Beasley Is Latest Betting-Related Headache for NBA
    It’s the third NBA betting scandal in the last year-and-a-half.
    Quincy Taylor
    June 17, 2025

    Several Americans Banned in British Basketball Game-Fixing Scandal
    Five former Surrey Scorchers players were hit with lengthy gambling suspensions.
    Mar 30, 2025; Spokane, WA, USA; LSU Lady Tigers guard Flau'Jae Johnson (4) shoots against UCLA Bruins center Lauren Betts (51) during the second half of a Elite 8 NCAA Tournament basketball game at Spokane Arena.
    June 17, 2025

    Louisiana Sports Betting Set to Aid LSU and Other State Schools
    Louisiana lawmakers have been creative in finding state money for NIL.