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Entain shares rise on potential MGM Resorts acquisition by People Inc, boosting online gambling sector interest.

Market News
02 Jun 2026
Proactive Investors
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Bullish
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Entain PLC shares rose 3.4% following Deutsche Bank's note that People Inc's proposed $48.30 per share acquisition of MGM Resorts could positively impact Entain. People Inc, which already owns 26.1% of MGM, aims to gain operational control with this bid, raising questions about the future of BetMGM, their joint online betting venture. Deutsche Bank sees potential value crystallization in this partnership and maintains a buy rating on Entain with a target price of 1,028p. The deal is early-stage and awaits board and regulatory approvals.

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