MGM Resorts not the only game in town for Entain
Article summary
The chairman of Entain has brushed aside claims that the gambling operator behind Ladbrokes and Coral is destined to fall into the clutches of Las Vegas casino operator MGM Resorts. Mr Gibson said Entain had “got another couple of quite large deals in development at various stages”. He rejected claims that only MGM could buy Entain because the Las Vegas operator had blocking rights through its US joint venture. MGM’s swoop for Entain, and associated rejection from Mr Gibson, had stoked hopes that the bid would be significantly sweetened. […] He said: “Anyone can buy Entain if they come up with the right price. It is true that if the ownership of Entain were to change, there are certain clauses that would have to be negotiated between the new owner and MGM. [But there is] nothing to stop anyone making a bid for Entain.”
