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.
BetMGM, a leading North American sports betting and iGaming operator jointly owned by MGM Resorts and Entain, will publish its business update for the second quarter of 2026 on July 28. The company will host a live audio webcast and Q&A session for i...
Bleichmar Fonti & Auld LLP is investigating Barry Diller's $48.30 per share offer to acquire the remaining shares of MGM Resorts International due to potential breaches of fiduciary duty. Diller, a board member and largest shareholder through People,...
