U.K-based Entain said it has upped its offer to buy Enlabs to SEK53 a share from SEK40 and that the bid is final and won’t be improved.
Entain increases offer to SEK53 a shares (Company filing)
Scientific Games has secured a new three-year contract extension with Entain plc to continue powering one of the world’s largest sports betting and gaming groups with its OpenGaming ecosystem.
UK-based Entain Plc has made a non-binding offer to buy the wagering and media division of Australia’s largest gambling company, Tabcorp Holdings.
MGM Resorts said it doesn't intend to put forward a revised offer for the U.K.'s Entain, which has rejected an $11 billion bid, but remains committed to pursuing a omni-channel gaming strategy.
Entain plc, formerly known as GVC Holdings PLC, said its CEO Shay Segev has given notice of his intention to leave the company to become Co-CEO of DAZN, a privately owned global sports streaming platform. Entain is the subject of an $11 billion bid from MGM Resorts.
It’s been anything but a slow start to the New Year. While only in its embryonic stages, MGM Resorts International’s bid for the U.K.’s Entain has the potential to trigger a chain of events that could have wide reaching implications for gaming in Asia.
Entain, which is subject to a takeover offer from MGM Resorts, said it has offered to buy Sweden's Enlabs for about SEK2.8 billion ($340 million) in cash.
MGM Resorts has thrown its cards into the online gaming ring, with an attempt to buy U.K.-listed Entain for GBP8.1 billion (US$11 billion), which may reshape the group and reduce its focus on Asia in the longer term.
China has announced further curbs on the sale of high-frequency lottery products and virtual sports and plans to ban them completely from next year.
Roar Digital, a U.S. sports betting and online gaming company, said its shareholders, MGM Resorts and GVC have committed to a second round of investment, bringing the total to $450 million.
The current surge in eSports viewership and betting is unlikely to be sustainable once sporting events return to normal post the Covid-19 pandemic, according to leading industry figures participating in Asia Gaming Brief’s recent webinar.