{"id":103,"date":"2024-06-14T11:01:37","date_gmt":"2024-06-14T08:01:37","guid":{"rendered":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/14\/draftkings-in-a-high-stakes-bid-for-entain-a-battle-for-control-in-the-gaming-world\/"},"modified":"2024-06-17T12:58:15","modified_gmt":"2024-06-17T09:58:15","slug":"draftkings-in-a-high-stakes-bid-for-entain-a-battle-for-control-in-the-gaming-world","status":"publish","type":"post","link":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/14\/draftkings-in-a-high-stakes-bid-for-entain-a-battle-for-control-in-the-gaming-world\/","title":{"rendered":"DraftKings in a High-Stakes Bid for Entain: A Battle for Control in the Gaming World"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/sKYIry4XJgI\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Time is running out for DraftKings, who face an October 19th deadline to submit a formal offer for Entain, the UK-based gaming powerhouse.  This potential acquisition, estimated at over $22 billion, could spark intense competition for the company.<\/p>\n<p>Entain, the parent company of renowned wagering brands such as Ladbrokes Coral and bwin, experienced a surge in its share price to unprecedented levels in late September following speculation of a $20 billion proposal from DraftKings. Although the initial fervor has subsided somewhat, Entain&#8217;s shares received another boost when MGM Resorts CEO Bill Hornbuckle hinted at a possible takeover.<\/p>\n<p>MGM and Entain are already collaborators in BetMGM, a prominent sports wagering platform. The trajectory of this alliance is now unclear, leaving many to ponder the fate of BetMGM should DraftKings&#8217; pursuit of Entain prove successful.<\/p>\n<p>JPMorgan analysts suggest that DraftKings may need to cede Entain&#8217;s portion of BetMGM to circumvent obstacles from MGM Resorts, which appears resolute in retaining authority over the profitable sports betting enterprise.<\/p>\n<p>Hornbuckle himself has emphasized his unwillingness to entertain any agreement that diminishes MGM&#8217;s influence over BetMGM. &#8220;There are avenues for structuring it,&#8221; he remarked, &#8220;However, ultimately, we must retain control.  We require adaptable technology.&#8221;<\/p>\n<p>This is not the first instance of Entain attracting potential buyers.  Earlier this year, they declined an $11 billion bid from MGM, leading the latter to withdraw from discussions. <\/p>\n<p>From the beginning of 2023, Entain has maintained significant momentum, acquiring businesses such as Unikrn and experiencing a surge in their share value.  Any entity considering an acquisition will probably need substantial resources &#8211; their recent achievements have positioned them as a high-value acquisition prospect. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Time is running out for DraftKings, who face an October 19th deadline to submit a formal offer for Entain, the UK-based gaming powerhouse. This potential acquisition, estimated at over $22 billion, could spark intense competition for the company. Entain, the parent company of renowned wagering brands such as Ladbrokes Coral and bwin, experienced a surge [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DraftKings in a $22 Billion Race Against Time for Entain Acquisition<\/title>\n<meta name=\"description\" content=\"Will DraftKings meet the October 19th deadline to acquire UK gaming giant Entain? The clock is ticking on a potential $22 billion deal that has the industry buzzing with anticipation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/14\/draftkings-in-a-high-stakes-bid-for-entain-a-battle-for-control-in-the-gaming-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DraftKings in a High-Stakes Bid for Entain: A Battle for Control in the Gaming World\" \/>\n<meta property=\"og:description\" content=\"Will DraftKings meet the October 19th deadline to acquire UK gaming giant Entain? 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