Tag Archives MGM

MGM Resorts International abandons Entain takeover pursuit

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American casino operator MGM Resorts International has reportedly announced that its campaign to acquire Entain has come to an end after investors in the prominent iGaming and sportsbook firm rejected its latest takeover offer. According to a Tuesday report from the Bloomberg news service, the Las Vegas-headquartered firm behind venues including the Borgata Hotel ...

Shay Segev leaving Entain amid MGM Resorts International takeover offer

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Prominent iGaming and sportsbook operator Entain has reportedly announced that its Chief Executive Officer, Shay Segev (pictured), has decided to stand down after less than seven months in charge. According to a report from the Reuters news service, the revelation follows last week’s rejection by shareholders in the company previously known as GVC Holdings ...

MGM Resorts International urged to sell portion of MGM China Limited stake

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In Macau and a prominent investor in local casino operator MGM China Limited has reportedly urged the enterprise’s majority shareholder, MGM Resorts International, to sell up to 20% of its own stake to one of a number of Chinese enterprises. According to a report from Inside Asian Gaming, Hong Kong-headquartered alternative investments firm Snow ...

Entain purchase could hurt MGM Resorts International’s Japan plans

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American casino behemoth MGM Resorts International could reportedly seriously damage its chances of being able to enter the Japanese market by moving ahead with its attempt to purchase prominent iGaming and sportsbook operator Entain. According to a report from Inside Asian Gaming, this is the opinion of international brokerage Sanford C Bernstein Limited owing ...

Entain shareholders reject latest MGM Resorts International takeover offer

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Shareholders for prominent iGaming and sportsbook operator Entain have reportedly rebuffed a takeover offer from American casino behemoth MGM Resorts International rumored to be worth in the region of $11.1 billion. According to a report from the Bloomberg news service, the investors snubbed the all-share deal even though it represented a 22% premium when ...