US casino giant MGM Resorts will not be making a bid for the whole of Entain as the pressure from activist investors on the UK group’s CEO Jette Nygaard-Andersen shows few signs of easing following last week’s Financial Times reports of shareholders moving against her.
According to sources close to the group, the US casino giant is “not interested” in bidding for the whole of the UK group and instead will swoop for the outstanding 50% of the BetMGM joint venture that Entain holds when the UK group is eventually sold.
Nygaard-Andersen was appointed in January 2021 after Shay Segev’s surprise move to DAZN and while Entain was in the midst of negotiations over a potential sale to MGM.
