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Business
January 18, 2021
Alta Fox Capital Would Block Entain’s Bid for Enlabs
Entain’s £250 million bid for Baltic gaming operator Enlabs AB is on the verge of collapsing after a second large shareholder of the Stockholm-listed company vowed to block the deal, EGR reports. Alta Fox Capital Management, a hedge fund holding 3.34% stake in Enlabs stated it would reject the purchase at the proposed price. Bid […]
Business
January 15, 2021
Entain Looking to Appoint Jette Nygaard-Andersen as CEO: Sources
In the midst of a takeover bid from North American partner MGM Resorts, the rebranded GVC Holdings, Entain, is reportedly seeking to appoint Jette Nygaard-Andersen as permanent CEO to take over from departing CEO Shay Segev. Jette Nygaard-Andersen to Potentially Take Entain’s Top Job Entain is reading up to inaugurate its first female chief executive, […]
Business
January 14, 2021
Entain Should Up the Bid, Enlabs Large Shareholder Suggests
Entain’s acquisition bid to Baltic operator Enlabs AB disappointed some shareholders of the acquired company, a report in EGR reveals. Earlier in the month, the wholly-owned by Entain Malta-based subsidiary Bwin Holdings offered SEK2.8 billion for the Nasdaq First North-listed operator. Entain’s Acquisition Bid in Tatters The tabled bid of SEK40 per share “significantly undervalues […]
Industry
January 12, 2021
Ninja Casino Could Relaunch in Sweden under Entain’s bwin Brand
Defunct Ninja Casino iGaming brand is now looking at a new chance to return to business as Entain is taking over Enlabs AB and looking to restore the iconic brand in Sweden. Ninja Casino Is Coming Back to Sweden, Eventually Entain is looking to recover the Ninja Casino brand in Sweden once it finalizes its […]
Business
January 11, 2021
Entain CEO Shay Segev to Withdraw for a Position in DAZN
Entain’s CEO, Shay Segev, is leaving the company to take up a position at DAZN, a global streaming giant. Entain Sees Shay Segev Go to DAZN Only six months after stepping in at the helm of Entain, and steering the company to an ambitious future, Shay Segev, the now-departing CEO, has decided to move on […]
Industry
January 10, 2021
IAC to Support MGM Entain Takeover Bid
MGM Resorts shareholder IAC ready to invest US$1 billion in Entain acquisition MGM and Entain Could Become Global Gaming and Entertainment Leader Media and internet company IAC/InterActiveCorp vowed to help MGM Resorts International in its bid to acquire British online betting firm Entain PLC. The US media giant, founded by Barry Diller, boasts a 12% […]
Business
January 7, 2021
Entain’s Bwin Holdings Tabled Cash Bid to Enlabs Shareholders
Global sports betting and gaming group Entain plc announced today its wholly-owned Malta-based subsidiary Bwin Holdings tabled a cash offer of SEK40 per share to shareholders of Enlabs AB. Bid Unanimously Recommended to Enlabs Shareholders The proposed bid which values Enlabs at around SEK2.8 billion was endorsed by the Independent Bid Committee of the Nasdaq […]
Business
January 5, 2021
MGM Says Proposal for Merger with Entain on Table
After Entain’s confirmation, MGM Resorts International has now acknowledged publicly that it has indeed pitched a proposal for a merger with Entain, looking to consolidate the companies’ footprint globally and in the United States. MGM Confirms Proposal for Merger with Entain MGM Resorts International has confirmed that it has made a proposal to merge […]
Business
January 4, 2021
Entain Confirms MGM Resorts Proposal Rumor, Says It Undervalues Its Prospects
Entain has received two proposals from MGM Resorts in a bid to buy out the company. The company has requested more details from MGM as to the rationale behind the proposals. MGM Resorts Bids for Entain Are a Fact, Says Company Entain has followed up on a Wall Street Journal’s article detailing a bid by […]
Business
January 4, 2021
MGM Resorts Attempting to Buy Entain, Says WSJ
MGM Resorts has reportedly made an offer for Entain’s business that includes a substantial stock component, after the company previously rebuffed a $10 billion all-cash bid, Wall Street Journal has reported. Entain Reportedly in Acquisition Talks with MGM Resorts MGM Resorts is looking to buy out Ladbrokes owner Entain, the company which recently rebranded from […]