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right here’s nothing like a great takeover battle to blow away any lingering festive hangovers within the City and on line casino operator MGM Resorts has served up a cracker.
The Vegas large, which owns the MGM Grand and the Bellagio amongst others, has proposed an £8.1bn all share merger with Ladbrokes proprietor Entain. The pair have a three way partnership within the US, the place particular person states have been falling over one another to legalise sports activities betting as a result of it’s a money-spinning winner for his or her threadbare exchequers.
MGM’s method – the second such sally – was confirmed in an announcement to the inventory change following media reviews over the weekend and instantly drew comparisons with Caesars Entertainment’s gobbling up of its companion William Hill. If you possibly can’t beat ’em, eat ’em.
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