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MGM Resorts Raises Offer For Entain Acquisition to $11 Billion

MGM Resorts International has made an $11 billion offer for UK-based Entain Plc in a recent wave of trans-Atlantic mergers after their earlier $10 billion all-cash offer was dismissed. However, Entain, formerly known as GVC Holdings and which owns Ladbrokes, said the revised offer still undervalues the company. What is MGM Looking For? The latest …

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GVC Holdings CEO

GVC Rebrands as Entain, Withdrawing from Unregulated Markets

GVC Holdings has announced to assume a new corporate identity, Entain, and announcing a withdrawal from all unregulated markets. The move could cost the Isle of Man-based company £40 million ($52.7 million) in earnings in the short-term. The rebranding will take place once it is approved by shareholders. On Thursday, the online gaming giant said the …

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