Casino giant MGM Resorts is mulling another takeover bid for FTSE-100 gambling group Entain, owner of Ladbrokes, Coral and Gala Bingo, later this year, according to City sources.
The US company previously made a swoop in January 2021. However Entain, led by Danish businesswoman Jette Nygaard-Andersen, rebuffed the £8.1 billion approach on the grounds the price was too low.
Analysts believe the bid is likely to be revived once the UK Gambling Commission has published its long-delayed white paper.
This has been a stumbling block for bidders, who are keen to know what it contains because new rules could have a big impact on the valuations of UK gambling businesses.