Internet gaming company Entain is reportedly looking to sell online poker room PartyPoker, this according Sky News. Entain has retained the services of Oakvale Capital to work on a possible sale. Other than that, any details are few and far between, as it sounds like Entain is just in the preliminary stages of a prospective… Read more »
What would you do if the online game – gambling or otherwise – disconnected you so frequently that it was essentially unplayable? For Sam Antar of New York City, the answer is to just keep on playing. According to Antar, though, MGM Resorts International, its Borgata casino resort, international partner Entain, and online gambling brand… Read more »
Deal could grow by hundreds of millions Entain plc, the parent company of partypoker, bwin, Ladbrokes, and many more gambling brands, has agreed to acquire BetEnt B.V., trading under the name BetCity.nl, from Sports Entertainment Media B.V. for up to €850 million. Entain will initially pay €300 million in cash when the deal is completed… Read more »
Beginning Monday, the online gaming world will be set to change in the Canadian province of Ontario. While the rest of the country will be able to partake of various offshore online gaming offerings, Ontarians will be reckoning with new laws intended to rein in the online gaming industry in the province. The initial result… Read more »
Couldn’t see eye to eye DraftKings’ pursuit of Entain is over. On Tuesday, the sports betting and daily fantasy sports leader said it has ended talks with Entain about acquiring the partypoker parent company. Neither company gave specifics as to way no deal could be agreed upon. According to UK law (Entain is headquartered in… Read more »
Parties need more time Today was the deadline for sports betting and daily fantasy sports leader DraftKings to officially make an offer to buy partypoker owner Entain, but an offer never materialized. That does not mean that the deal is dead, however, as Entain has extended what it calls the “put up or shut up”… Read more »
Apparently that wasn’t DraftKings’ best offer Late Tuesday, after partypoker’s parent company Entain confirmed that DraftKings had put forth an offer to buy the UK-based gambling company, Entain pulled back the curtain further, revealing that it was already considering a second offer from DraftKings. The original offer, according to CNBC, was for $20 billion. Entain… Read more »
That’s a serious offer The financial markets were abuzz on Tuesday with the news that daily fantasy sports and sports betting giant DraftKings has made a $20 billion offer to acquire UK-based gambling company Entain. According to CNBC, the offer is in both stock and cash, but mainly the former. The Entain name in and… Read more »
Healthy competition Michigan has its second online poker room, as BetMGM launched its site on Monday. It sounded like there was a possibility that the switch wouldn’t be flipped until later in the week, but sure enough, the tables opened and Michiganders can now enjoy another online poker option. As one would expect, the tables… Read more »
Entain, the parent company of partypoker, Ladbrokes, bwin, and more, is under fire in the United Kingdom over its initiative called The Players’ Panel. Safe gambling groups are accusing Entain from hiding its involvement in the group, which posts articles in which every day people talk about they enjoyment they get from gambling and how… Read more »
DAZN made an offer he couldn’t refuse Entain, the parent company of partypoker, announced on Monday that chief executive officer Shay Segev is stepping down from his position. He will stay on for six months or until his replacement is hired before moving to sports streaming platform DAZN as its co-CEO. It sounds like Segev’s… Read more »
Entain believes it’s worth more When Entain announced on Monday that it had rejected MGM Resorts International’s £8.1 billion ($11.1 billion) acquisition offer, it said that it wanted MGM to “provide additional information in respect of the strategic rationale for a combination of the two companies.” As it turns out, MGM did provide that additional… Read more »
Entain says try again MGM Resorts International has made an £8.1 billion ($11.1 billion) offer to buy online gaming company Entain (formerly GVC Holdings), but Entain says it is not enough. On Monday, the owner of partypoker confirmed publicly that MGM did, in fact, receive a proposal from MGM, but that it “significantly undervalues the… Read more »
