Day: 11 January 2021

Largest MGM Resorts’ Stakeholder Remains Doubtful about Entain Takeover Deal Success

Mon 11 Jan 2021 12.23 Olivia Cole
Largest MGM Resorts’ Stakeholder Remains Doubtful about Entain Takeover Deal Success

The chairman of the biggest stakeholder in MGM Resorts – IAC – has shared he doubted that the acquisition bid of the US casino giant for the UK gambling company Entain will be successful. Despite a few days ago IAC pledged to provide MGM Resorts with financial support amounting to $1 billion for the deal, Barry Diller told the Financial Times that he was sceptical about the outcome of the proposed takeover deal. Still, Mr Diller shared that he remained “absolutely sure” that whatever happens with the acquisition bid, MGM…

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Template Letter Says UK Racing Sector Is to Suffer £60-Million Blow Due to Gambling Reforms

Mon 11 Jan 2021 6.05 Daniel Williams
Template Letter Says UK Racing Sector Is to Suffer £60-Million Blow Due to Gambling Reforms

A template letter to Members of Parliament that has been distributed within the sports sector highlights the chance of a £60-million hit that could be inflicted to the horse racing industry in the UK. Reportedly, the letter contains some complaints associated with the potential impact that affordability checks on local gamblers and the calls on British lawmakers to impose further restrictions on the sector. As The Guardian has reported, the author of the letter remains unknown, but it was obviously drafted after the most powerful sports betting operators agreed that…

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