(Adds response from MGM and Entain)
Jan 3 (Reuters) - MGM Resorts International is
seeking to buy British gaming company Entain Plc in the
latest move by a casino operator to double down on the
online-gambling business, the Wall Street Journal reported https://on.wsj.com/3ohletm
on Sunday, citing people familiar with the matter.
The Las Vegas, Nevada-based company recently made an offer
to buy the owner of the popular British gambling brand
Ladbrokes, the report said, adding that the bid comes after an
earlier offer of roughly $10 billion all-cash overture was
rebuffed.
The exact details and value of the new bid is not known, but
is above the 12.85 pounds ($17.55) a share MGM had previously
offered late last year, the Journal said.
Entain has more than 3,000 betting shops under the Ladbrokes
and Coral brands. It rivals William Hill and Flutter
Entertainment in Britain.
MGM and Entain declined to comment to Reuters' request.
($1 = 0.7323 pounds)
(Reporting by Radhika Anilkumar in Bengaluru; Editing by Diane
Craft)
