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 […]
They won’t be the only state to open for online sports gambling in January, but Virginia will undoubtedly do so with a unique set of regulations. Legalized in July, the Virginia Lottery has granted preliminary approval for up to a dozen online sportsbooks, including five of the usual suspects.DraftKings, FanDuel, […]
The latest merger between big gambling and big media became official Monday, foretelling a not-too-distant future of monolithic corporations and in-game wagering from home. The deal makes FOX Bet and parent company Flutter Entertainment a 95% shareholder in New York-based FanDuel. To complete the acquisition, Dublin-based Flutter will get a […]
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