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MGM Resorts looks to buy Entain

Posted at 6:48 AM, Jan 04, 2021
and last updated 2021-01-04 10:52:32-05

LAS VEGAS (KTNV) — MGM Resorts is looking to buy British gaming company Entain.

It's the latest move by the MGM to double down on the online gambling business.

The proposal on the table right now: more than $11 billion.

But this morning Entain reps said the offer "significantly undervalues" the company.

If a deal is reached, the acquisition would create one of the few large gaming companies in the world with a significant online and bricks-and-mortar presence.