LAS VEGAS: MGM Resorts International increased its offer for online-betting partner Entain Plc to more than US$10bil, according to people familiar with the bidding.
The amount tops an earlier all-cash bid made late last year, said the people, who asked not be identified because the negotiations are still private.
A spokesman for MGM declined to comment, while Entain didn’t immediately respond to an email after regular business hours.
MGM, the largest casino operator on the Las Vegas Strip, formed a joint venture in 2018 with Entain, formerly known as GVC Holdings Plc, to capitalise on the growth of online betting in the United States.
...