MGM Resorts raises Entain bid to more than US$10bil

TheStar Tue, Jan 05, 2021 09:51am - 3 years View Original


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.

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