Jan 19, 2021

MGM Resorts ends bid to buy Ladbrokes owner Entain

US casino giant MGM Resorts has abandoned a takeover attempt for Ladbrokes and Coral owner Entain after its earlier proposal was spurned. MGM said it will not raise its $11bn offer of two weeks ago, which Entain had rebuffed as "Significantly" undervaluing the company. Following Entain's rejection, shares in the UK-listed company tumbled. After MGM's announcement on Tuesday it was walking away from a takeover, Entain shares fell another 20%. FTSE 100-listed Entain. Along with Ladbrokes, it also owns online sports betting and gambling sites such as Bwin, Partypoker, Coral, Eurobet, Gala and Foxy Bingo.

Read the full story

 Related companies

Make a complaint about Ladbrokes by viewing their customer service contacts.