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 […]
In an industry-defining about-face, the Las Vegas Sands Corporation is likely to open online gambling operations this year, despite previous resistance from the company’s chairman Sheldon Adelson. But does the Sands have enough in reserve to reverse its decades-long, anti-online stance and spin up a viable online product? Adelson Created […]
After two failed attempts to acquire online gambling partner Entain, MGM Resorts International named Jonathan Halkyard as its new chief financial officer Thursday. He comes with experience handling complex mergers, instituting extreme cost-cutting measures, and dealing with private equity acquisitions, including several that preceded the biggest bankruptcy in gaming history. […]
Bally’s Corporation this week picked up where it left off late last year as a young company attempting to grow quickly. Only this time, instead of increasing its digital and media footprint, Bally’s is going the brick-and-mortar route. Monday, Bally’s announced plans to build a mini-casino in Pennsylvania just as […]
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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