$5.9 billion in liquidity.<\/a>\u00a0good for one of the industry’s strongest war chests.<\/strong><\/p>\nNext Moves for MGM<\/h2>\n
It remains to be seen if MGM reconfigures or ups its bid for Entain. It currently consists of 0.6 of one MGM share for each share of the target. That means the target’s investors would own 41.5 percent of the combined company.<\/p>\n
In the statement, MGM notes some cash could be offered to Entain and that IAC\/InterActiveCorp (NASDAQ:IAC), its biggest investor, \u201chas indicated it would potentially fund a portion of the partial cash alternative through a further investment in MGM.\u201d<\/p>\n
For investors, DeCree sees compelling potential in the combination of online operations and brick-and-mortar casinos.<\/p>\n
\u201cWe believe the omnichannel integration across digital and land-based gaming is a significant opportunity that is still widely overlooked by investors,\u201d <\/strong>said the analyst.<\/p>\n","protected":false},"excerpt":{"rendered":"MGM Resorts International (NYSE:MGM) has confirmed it made an $11.06 billion takeover bid for Entain Plc (OTC:GMVHY), its partner on the BetMGM venture, and that the British company turned back the proposal, saying it undervalues the company. On Sunday, news emerged that the Bellagio operator was mulling another run at the company formerly known as […]<\/p>\n","protected":false},"author":46,"featured_media":160261,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,32093],"tags":[],"acf":[],"yoast_head":"\n
MGM Sees Big Opportunity with Entain if Latter Comes to the Table<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n