Ladbrokes owner makes £250m bid for Enlabs after shunning MGM January 7, 2021 The owner of British betting firm Ladbrokes has made a £250m takeover bid for Swedish rival Enlabs, just days after rejecting an £8bn approach from MGM. Entain today said it is offering 40 Swedish krona for each share of Enlabs, which specialises in sports betting. This values the company at roughly 2.8bn krona (£250m), marking [...]
FTSE 100 off to strong start to 2021 but Wall Street slips from record highs January 4, 2021 The FTSE 100 got the year off to a strong start today, bursting through the 6,600 point mark this morning, before closing the day up 1.8 per cent. However, Wall Street slipped back from record highs as the world’s markets got 2021 off to a fast start. In the first session of the new year [...]
Ladbrokes owner Entain rejects £8bn MGM takeover bid January 4, 2021 The owner of British betting company Ladbrokes has rejected an £8bn takeover approach by US casino giant MGM. Entain, which also owns betting and gambling brands such as Coral, Bwin and Partypoker, confirmed the offer this morning but said it “significantly undervalues the company and its prospects”. It added that it had asked MGM to [...]