Last week, Endeavor lowered its bid for OpenBet to $800 million, down from its previous offer of $1.2 billion. The 33% price reduction comes in the midst of a stock market correction, which has pummeled sports betting securities. Last September, Endeavor agreed to buy OpenBet from Light & Wonder (formerly […]
Endeavor Group Holdings has agreed to buy 10 Minor League Baseball teams, including the affiliates of prominent MLB franchises like the New York Yankees and the Atlanta Brave. One of the teams, the Oklahoma City Dodgers, is currently co-owned by Endeavor President Mark Shapiro. Endeavor got its start as a […]
It was another busy week in gambling mergers. MGM Resorts will pay $1.63 billion to operate The Cosmopolitan. Meanwhile, Endeavor will buy sports betting platform OpenBet from Scientific Games for $1.2 billion. While most of the mergers in the gambling industry involve sports betting, there are still a handful of […]
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