Recent news from MGM Resorts indicates that it would commence BetMGM business in the UK absent its American counterpart Entain.
Following BetMGM's UK announcement, the share price of Entain fell by 5%.
MGM attempted to purchase Entain in 2021 for £8.1 billion ($10.3 billion), but the offer was turned down.
However, since MGM has expanded into the UK without utilizing Entain's technology, it will manage the casino operations under the LeoVegas branding while Kambi will run BetMGM's United Kingdom sportsbook.
In the beginning, BetMGM was a joint venture between MGM Resorts as well as Entain in Northern America.
Following BetMGM's UK announcement, the share price of Entain fell by 5%.
MGM attempted to purchase Entain in 2021 for £8.1 billion ($10.3 billion), but the offer was turned down.
However, since MGM has expanded into the UK without utilizing Entain's technology, it will manage the casino operations under the LeoVegas branding while Kambi will run BetMGM's United Kingdom sportsbook.
In the beginning, BetMGM was a joint venture between MGM Resorts as well as Entain in Northern America.
