Posts From: February 2021

Tabcorp shares surge on back of potential sale

Australian betting giant Tabcorp said Tuesday it had received multiple proposals for a potential sale of its wagering and media business. Tabcorp was forced to raise $600 million last August...

M&A
Entain shares plunge after MGM walks away from £8bn offer

MGM have scrapped plans to buy Entain, saying it does not intend to submit a revised proposal for the business that snubbed an £8 billion takeover approach earlier this month. Entain...

M&A
Enlabs shareholders to reject Entain bid

A major Enlabs shareholder said Monday that a group of investors holding a combined 10.7% in the company have indicated they will reject Entain’s bid for the company. Alta Fox...

M&A
MGM to get $1 billion IAC support package for Entain bid

Billionaire Barry Diller’s InterActiveCorp, the largest shareholder in MGM Resorts International, supports the casino operator’s $11 billion takeover approach Entain Plc, the U.S. company said on Friday. MGM said a...

M&A
Entain swoops for Enlabs with £250 million offer

Entain has upped its profit guidance for the current year and unveiled plans to acquire Enlabs, which operates online sports betting and gaming brands across the Baltic region. Entain believes that...

M&A
Entain receives offer from MGM Resorts

US casino giant MGM Resorts has made an $11bn (£8.1bn) offer for B Entain.  The all-share offer values the FTSE 100 company at approximately £13.83 per share or £8.1 billion,...

M&A
Enlabs ups stake in Global Gaming

Enlabs AB announced a mandatory public offer to the shareholders of Global Gaming 555 AB regarding all shares in Global Gaming. At the end of the acceptance period on November...

M&A
Enlabs completes takeover of Global Gaming

Enlabs has submitted a public offer obligation to the shareholders of Global Gaming 555 AB to transfer all its shares in Global Gaming. The only condition for the completion of...

M&A
The Stars Group and Flutter merger receives shareholder approval

The Stars Group have announced that shareholders have approved the proposal to combine the business with Flutter Entertainment plc. The special resolution approved the previously announced plan of arrangement under...

M&A
X-Bet.co and BUFF.bet merge and fuel eSports betting IPO

The two eSports betting brands are merging due to a signed deal at the end of February between XB Systems, a start-up organization managing X-Bet.co and one of the strongest...

M&A