MGM Resorts International (NYSE: MGM) is unlikely to revisit a takeover bid for Entain Plc (OTC: GMVHY) — its partner in the BetMGM business.
MGM CEO Bill Hornbuckle made comments to that effect on the company’s fourth-quarter earnings conference Wednesday afternoon, saying “we’ve moved on” in response to a question from Bank of America analyst Shaun Kelley.
So for now, the answer is no, not within Entain. We’re going to go down our own direction, and we begin to allocate capital,” said Hornbuckle. “We value the relationship with Entain. We value BetMGM. But as it comes to rest of the world, we’re going to move forward with a different proposition.”
MGM CEO Bill Hornbuckle made comments to that effect on the company’s fourth-quarter earnings conference Wednesday afternoon, saying “we’ve moved on” in response to a question from Bank of America analyst Shaun Kelley.
So for now, the answer is no, not within Entain. We’re going to go down our own direction, and we begin to allocate capital,” said Hornbuckle. “We value the relationship with Entain. We value BetMGM. But as it comes to rest of the world, we’re going to move forward with a different proposition.”
