The unexpected resignation of Gavin Isaacs as CEO of Entain has ignited fresh speculation about a potential acquisition. Isaacs stepped down in early February, just five months after taking on the role.
His departure, combined with Entain’s 19.3% share price decline over the past year, has raised questions about whether MGM Resorts will make a move to acquire Entain’s stake in the companies’ joint venture, BetMGM, or even the entire Entain business.
According to a Bloomberg Intelligence report, Isaacs’ “surprise exit” could rekindle MGM’s interest in possible M&A deals. The company previously attempted to acquire Entain in 2021 but was unsuccessful.
The renewed takeover speculation comes a year after MGM last ruled out an acquisition bid for Entain.
