{"id":247,"date":"2024-06-26T16:23:33","date_gmt":"2024-06-26T13:23:33","guid":{"rendered":"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/26\/mgm-resorts-submits-bid-for-entain-but-uncertain-about-formal-offer\/"},"modified":"2024-06-26T16:23:33","modified_gmt":"2024-06-26T13:23:33","slug":"mgm-resorts-submits-bid-for-entain-but-uncertain-about-formal-offer","status":"publish","type":"post","link":"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/26\/mgm-resorts-submits-bid-for-entain-but-uncertain-about-formal-offer\/","title":{"rendered":"MGM Resorts Submits Bid for Entain, But Uncertain About Formal Offer"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/pj2x6PQr6ds\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>MGM Resorts International, the Las Vegas behemoth, has affirmed that it has submitted a bid to acquire online gambling operator Entain (formerly known as GVC Holdings), but stated that it is presently unable to ascertain whether it will present a formal proposal.<\/p>\n<p>MGM has acknowledged the Entain merger proposition but is &#8220;uncertain&#8221; if it will make a formal offer.<br \/>\nAs Entain announced earlier today, MGM Resorts has proposed a takeover of the operator, offering 0.6 MGM shares for each Entain share. This would value the Ladbrokes and PartyGaming operator at approximately $11 billion (\u00a381.1 billion\/\u20ac89.7 billion).<\/p>\n<p>Under the agreement, Entain stakeholders would possess 41.5% of the merged MGM.<\/p>\n<p>A cash alternative may also be available for Entain shareholders who do not wish to accept stock compensation. MGM&#8217;s largest stakeholder, IAC, has indicated that it may contribute to financing the deal.<\/p>\n<p>MGM also provided an explanation for its belief that the deal is a favorable decision for Entain after Entain informed MGM that it believes the offer &#8220;significantly undervalues&#8221; the online operator.<\/p>\n<p>It stated that this would enable the combined entity to fully leverage the expanding US market through complete control of the BetMGM joint venture. <\/p>\n<p>MGM Resorts International&#8217;s assets will aid in establishing the firm as a frontrunner in global online and physical gaming, the operator stated, diversifying operations and positioning the merged entity for future expansion.<\/p>\n<p>MGM Resorts is obligated to present a formal acquisition proposal by February 1st or declare its intention not to proceed. The land-based operator indicated it is presently &#8220;incapable of ascertaining&#8221; whether a formal offer has been submitted.<\/p>\n<p>Entain, which underwent a rebranding from GVC in December, has a new chief executive, Shay Segev. The company asserted the new name more accurately reflects its revised strategy, which will prioritize regulated markets and environmental responsibility.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MGM Resorts International, the Las Vegas behemoth, has affirmed that it has submitted a bid to acquire online gambling operator Entain (formerly known as GVC Holdings), but stated that it is presently unable to ascertain whether it will present a formal proposal. MGM has acknowledged the Entain merger proposition but is &#8220;uncertain&#8221; if it will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MGM Resorts Eyes Entain Takeover: Will They Make a Bid?<\/title>\n<meta name=\"description\" content=\"MGM Resorts has expressed interest in acquiring online gambling operator Entain, but remains unsure if they will formally propose a takeover.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/26\/mgm-resorts-submits-bid-for-entain-but-uncertain-about-formal-offer\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"MGM Resorts Submits Bid for Entain, But Uncertain About Formal Offer\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"MGM Resorts has expressed interest in acquiring online gambling operator Entain, but remains unsure if they will formally propose a takeover.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/26\/mgm-resorts-submits-bid-for-entain-but-uncertain-about-formal-offer\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Indulge in the Most Rewarding Online Casino Experience | Licensed\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-26T13:23:33+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/26\/mgm-resorts-submits-bid-for-entain-but-uncertain-about-formal-offer\/\",\"url\":\"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/26\/mgm-resorts-submits-bid-for-entain-but-uncertain-about-formal-offer\/\",\"name\":\"MGM Resorts Eyes Entain Takeover: Will They Make a Bid?\",\"isPartOf\":{\"@id\":\"https:\/\/slotmadness100nodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-26T13:23:33+00:00\",\"dateModified\":\"2024-06-26T13:23:33+00:00\",\"author\":{\"@id\":\"https:\/\/slotmadness100nodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"MGM Resorts has expressed interest in acquiring online gambling operator Entain, but remains unsure if they will formally propose a takeover.\",\"breadcrumb\":{\"@id\":\"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/26\/mgm-resorts-submits-bid-for-entain-but-uncertain-about-formal-offer\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/26\/mgm-resorts-submits-bid-for-entain-but-uncertain-about-formal-offer\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/26\/mgm-resorts-submits-bid-for-entain-but-uncertain-about-formal-offer\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/slotmadness100nodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MGM Resorts Submits Bid for Entain, But Uncertain About Formal Offer\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/slotmadness100nodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/slotmadness100nodepositbonuscodes.icu\/\",\"name\":\"Indulge in the Most Rewarding Online Casino Experience | Licensed\",\"description\":\"Indulge in the best of online gambling through our comprehensive news, detailed game reviews, and informative insights. 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