Posts tagged: Entain

The Times tips Ladbrokes owner Entain as a takeover target...

Friday, 22 December 2023, 9:49 am

The Times appears to be publishing its New Year tips early.

Emma Powell, editor of The Tempus stocktipping column, today concludes in her lengthy piece about the FTSE 100-listed the owner of Ladbrokes and Gala Coral that "a potential bid for Entain by MGM Resorts seems more probable than it has done for some time"...

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Sachem Head and Dendur build takes in Entain, reveals the FT

Wednesday, 22 November 2023, 7:10 pm

Hacks at the venerable Financial Times have dug out a good scoop about Entain, the FTSE 100-listed owner of Ladbrokes.

According to the FT, activist hedge funds Sachem Head and Dendur have built sizeable positions in Entain, which has seen its share price underperform since Jette Nygaard-Andersen became chief executive of the business.

They join Eminence Capital, another Wall Street activist, on the Entain register...

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Deals, Deals, Deals ... in a bear market - Part 48

Wednesday, 14 June 2023, 7:55 am

More deals were announced in the last twenty four hours, including one from a FTSE 100-listed company.

Entain, the blue chip sports betting group that owns Ladbrokes and Coral, last night announced it had struck a deal to purchase Polish rival STS Holdings and this morning launched a placing to raise £600 million to fund the £750 million purchase. Below is a link to the placing announcement:..

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MGM said to be looking at Ladbrokes owner Entain, again, according to the Casino Guardian - Part 2

Thursday, 9 February 2023, 9:51 am

It would appear all the recent rumours about US-listed MGM Resorts having another crack at Entain in the early part of 2023 are ill founded.

Shares in Entain, the owner of Ladbrokes, are down almost 10pc this morning after MGM boss Bill Hornbuckle (what a great name) ruled an imminent move for the FTSE 100-listed company...

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MGM said to be looking at Ladbrokes owner Entain, again, according to the Off Shore Gaming Association Blog

Tuesday, 22 November 2022, 10:29 am

Entain's shares have perked up almost 6pc this morning amid talk US-listed casino operator MGM has rekindled its interest in bidding for the London-listed gaming business.

The talk is emanating from the Off Shore Gaming Association blog, which is suggesting that MGM is fed up with its US partnership deal with Entain and may look to buy the owner of Coral and Ladbrokes as a way out of the BetMGM joint venture. Below is a link to the piece:..

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Tags: MGM, Entain, BetMGM

Weekend review: Entain, MGM Resorts International and Next...

Sunday, 10 January 2021, 7:23 pm

Olly Gill, a quality business hack at The Sunday Telegraph, dug out some decent corporate scoops this weekend.

One of his tales was based on some on the record quotes from one of Entain's largest shareholders - Aberdeen Standard. The investor, according to Olly's piece, is arguing the £8.1 billion takeover offer from MGM is 'not in the right postcode'. Below is the link:..

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MGM launches $10 billion bid for Ladbrokes owner Entain, reveals the WSJ

Sunday, 3 January 2021, 9:36 pm

The London market hasn't even yet opened for its first full day of trading of the New Year but already there is fresh multi-billion bid on the table.

The Wall Street Journal is reporting that MGM has submitted a $10 billion takeover approach for Entain, which was formerly known as GVC and owns the bookeeper Ladbrokes. Below is the link:..

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