Entain's financial misfortunes could spark another MGM takeover bid

Entain Plc's decline in market value following the gaming company's mediocre 2023 net gaming revenue prediction released on Monday may prompt MGM Resorts International to make another takeover approach.

Almost all of Entain's COVID-19 pandemic gains were also lost on Monday's dip, suggesting that the target and its shareholders would be more open to a second offer from MGM for its BetMGM partner. That is conjecture as of right now.

 

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The gambling or gaming sector is immensely competitive and changing, and tactical maneuvers such as acquisitions can serve as a means for enterprises to bolster their standing in the marketplace.