MGM Resorts International walked away from an £8.1 billion bid for the owner of Ladbrokes and Sportingbet last month but the odds of the US group renewing its interest have shortened. In a full-year earnings presentation Bill Hornbuckle, MGM chief executive, gave the strongest indication yet that the Las Vegas casino operator remains keen on acquiring the FTSE 100 group Entain. The two companies already have a US sports betting joint venture, BetMGM, set up to cash in on the opening up of the American market state by state, and Hornbuckle emphasised how well it was performing. SponsoredUnder Britain’s takeover code MGM is prevented from coming back for another tilt at Entain for six months but, asked by an analyst about his intentions, the

Source: The Times February 12, 2021 00:00 UTC