• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 16 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

Ben Blaschke by Ben Blaschke
Tue 5 Jan 2021 at 04:02
MGM Resorts looking to raise US$750 million via senior notes offering
33
SHARES
820
VIEWS
Print Friendly, PDF & Email

MGM Resorts International says it is considering making an offer to complete a takeover of Entain PLC, the British iGaming and sports betting firm that owns Ladbrokes.

The global casino giant issued a statement overnight following media reports that it was set to acquire Entain – already the company’s joint venture partner in the US online gaming market – in which it confirmed it had proposed an offer but denied any such transaction was guaranteed.

According to the statement, MGM has proposed an offer of 0.6 MGM shares for each Entain share, believed to value the latter at around US$12.9 billion and representing a premium of 22% on Entain’s current share price.

Under the terms of the proposal, MGM added, Entain shareholders would own approximately 41.5% of the combined company. A partial cash alternative has also been mooted, as has the possibility of IAC – MGM’s largest single shareholder – funding some of that cash alternative via further investment in MGM.

It is understood that Entain believes the offer is too low although MGM said it has been asked to provide additional information in respect of the strategic rationale for a combination of the two companies.

“MGM believes both its proposal and the strategic rationale for the combination are compelling and looks forward to engaging with Entain on this basis,” it said.

In particular, MGM said such a combination would deliver full control of the BetMGM business to leverage the rapidly growing US iGaming and sports betting opportunity; position the company as a global gaming company across both online and retail with a leading end-to-end technology stack; expand and diversify the company’s operations, product offerings and earnings; and position the combined company for future growth and investment by leveraging its leading brands, leading technology platform and strong balance sheet.”

Union Gaming’s John DeCree said in a note that acquiring Entain would help MGM integrate the digital gaming segment with its land-based casino and entertainment businesses to create a “holistic omni-channel offering.”

“We believe the omni-channel integration across digital and land-based gaming is a significant opportunity that is still widely overlooked by investors,” DeCree said. “While Entain brings technology and experience in the digital gaming industry, there is significant value across MGM’s well-known brands, its 34m+ Mlife loyalty members, and top notch land-based casinos (and market access) across the US.

“We believe MGM’s pursuit of Entain is a smart, strategic effort that would allow BetMGM to maximize ROI on customer acquisition across multiple channels. It would also give BetMGM direct access to MGM’s fortress balance sheet that offers more efficient capital for growth.”

RelatedPosts

Comtrade Gaming to expand reach of in-house studio CG Games via partnership with Interwetten

Comtrade Gaming to expand reach of in-house studio CG Games via partnership with Interwetten

Mon 15 Sep 2025 at 22:05
Crane NXT to improve counterfeit detection abilities via planned full acquisition of Italian inspection and detection firm Antares Vision

Crane NXT to improve counterfeit detection abilities via planned full acquisition of Italian inspection and detection firm Antares Vision

Sat 13 Sep 2025 at 11:12
Fantasy sports gaining Japan foothold with basketball the first step

Hong Kong formally passes bill legalizing basketball betting with 50% tax on profit

Thu 11 Sep 2025 at 16:52
Unhitching Online Poker

Australian government reportedly ready to proceed with gambling advertising reform

Thu 11 Sep 2025 at 14:51
Load More
Tags: Entail PLCEuropeiGamingLadbrokesMGM Resorts InternationalNorth Americasports bettingtakeover
Share13Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Police arrest 100 people after detecting 62 cases of illegal money exchange in joint Macau operation

Police arrest 100 people after detecting 62 cases of illegal money exchange in joint Macau operation

by Pierce Chan
Mon 15 Sep 2025 at 22:58

Police from Macau, Guangdong and Hong Kong detected 62 cases of illegal money exchange and apprehended around 100 people suspected of being part of money exchange gangs as part of a month-long joint operation codenamed “Thunderstorm 2025”. Authorities said that...

Melco wins sustainability awards for “Above and Beyond” strategy

Melco proposes new notes offering, looking to redeem outstanding 2026 notes

by Newsdesk
Mon 15 Sep 2025 at 22:49

Melco Resorts Finance Limited, the Melco Resorts & Entertainment subsidiary that operates City of Dreams Macau, Altira Macau and Mocha Clubs, is proposing to conduct an international offering of senior notes as part of its plan to redeem all outstanding...

PAGCOR executive says technology advancements aiding rise in illegal online gaming operators

PAGCOR executive says technology advancements aiding rise in illegal online gaming operators

by Newsdesk
Mon 15 Sep 2025 at 22:25

The rapid advancement of technology within the gaming industry is driving a proliferation of illegal online operators by creating an unstable environment in which legitimate businesses can struggle, according to PAGCOR Vice President for Human Resource and Development Group, Dr...

Comtrade Gaming to expand reach of in-house studio CG Games via partnership with Interwetten

Comtrade Gaming to expand reach of in-house studio CG Games via partnership with Interwetten

by Newsdesk
Mon 15 Sep 2025 at 22:05

Comtrade Gaming, a leading provider of advanced gaming technology, has announced a new partnership with online gaming provider Interwetten through which CG Games – Comtrade Gaming’s in-house game studio – will be integrated into Interwetten’s casino offering. This, Comtrade said,...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English
  • 日本語