Entain CEO Shay Segev announced he is leaving his post less than a week after the company turned down an $11 billion takeover offer from online betting partner MGM. Segev said he’s headed to digital sports broadcaster DAZN and will join James Rushton there as a co-CEO. Speculation has run […]
Betting giant Entain, the Isle of Man-headquartered parent company of Ladbrokes, rejected an £8.1 billion ($11b) buyout offer from US partner MGM Resorts Monday, sparking a rally in its stock as MGM shares took a dip. Entain officials said the offer from MGM, owner of several high-end resorts and casinos […]
MGM Resorts International, the parent company of BetMGM, is looking to start the new year big as it’s reportedly on the cusp of acquiring Entain, the parent of one of the biggest and oldest sportsbooks in the world, London-based Ladbrokes. With the backing of billionaire Barry Diller’s IAC Group, Entain, […]
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