MGM Casino

MGM Drops Takeover Plans For Entain After Rejected $11bn Proposal

MGM Resorts International will not pursue a takeover of Entain after the UK-based gambling company rejected two recent bids. In Tuesday’s announcement, Las Vegas-based casino giant said it no longer intends to submit a revised proposal, nor will it make a firm offer for Entain Plc. “After careful consideration on the limited recent engagement between …

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MGM’s Largest Shareholder IAC Offers $1bn to Get Entain Deal Done

MGM’s largest shareholder, InterActiveCorp (IAC), has offered to invest another $1 billion in the company to help it acquire UK-based Entain PLC. Billionaire Barry Dillerowner, owner of the US media giant which has a 12% stake in MGM, supported the $11 billion takeover plans for Ladbrokes owner Entain Plc. Before IAC’s latest indication, two offers …

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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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MGM Announces $750M Public Offering of Senior Notes

The prestigious gambling brand MGM Resorts has recently announced a $750 million public offering of senior notes due in 2028. The Nevada-based company has made this decision in order to boost its liquidity that was reeling from massive losses this year due to the pandemic. According to MGM’s official statement, “The notes being offered will …

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