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au contraire mes ami. Under US law a 50% holder has no rights to enforce anything. I still think this is a cpcorker for theg the long term !!!!!!!!
Entain could find itself in the unenvious position of having MGM as a partner in the US and a competitor everywhere else (see my post of 29 Jan 2022).
A 50% share in BetMGM is not a controlling stake; how Entain must be wishing they had held out for 51%. Of course MGM would wish to take over Entain, but not at the price Entain demanded. US companies play rough and partnerships are only worth having with willing partners; it could get ugly going forward.
AceofClubs
You are still asleep, thats whats going on :-)
up 20% whats going on
£36 million bought Friday. As said oversold and a bargain
MGM can't possibly "move on" from Entain when BetMGM is the market leader in the fastest growing segment in the world's biggest online betting market.
Game-playing by MGM. Not to be dismissed but still a joke.
Mathsman I too go back to GVC days and remain as enthusiastic as ever. Lets hope we do well.
Bruce -
Whether I believe them or not is not relevant. I've been in GVC (ENT) since 2011, know the company and will stay invested.
Mathsman. Surely you do not believe MGM? I am still out and out bullish
09.02.2023 - Numis ups target to 1900p (1850p)
Massively oversold
Clarity now,Entain more than good value without any takeover,for me i am staying an investor.
With such huge success for BetMGM in MGM's core market, MGM will be back.
REUTERS
"Entain (ENT.L) tumbled 11.4%, after a Jefferies report pointed to MGM's (MGM.N) chief executive officer saying the company had "moved on" from the gambling firm amid speculation of a takeover."
According to Bloomberg, MGM has stated that it has no intention of bidding for Entain. DYOR.
Thanks, anymore?
maybe a link?
Problem with MGM
Has anybody found a reason for this??
Ahead of expectations & FY23 likely to be very strong + no revenues from unregulated markets.Amazing progress from the good old days of SBT!
Outstanding results. A good share to have in difficult times.
yes sir. a concept forerign to th govt .I always under promised and over achieved a simple way of keeping people happy
Terrific update with FY23 projected revenues of $1.8-$2.00 bill-but I suspect that is relatively modest & with new openings there must be fair chance of exceeding $2 bill + we will be profitable by H2.
Once thing the Ent element management know ( from GVC & SBT days)it is that always better to under promise & over achieve .That assumes, of course , that we will remain independent by 31/12/23
Trading today. £17 million sales £32 million bought.
Institution territory