Skip navigation

Gloucestershire Business News

US offer for Ladbrokes 'undervalues company'

The owner of Ladbrokes has said an £8.1billion offer from US casino giant MGM Resorts is not enough.

MGM made the offer for British firm Entain, which runs online sports betting and gambling sites as well as its chain of betting shop.

Entain - previously GVC Holdings - is believed to have rebuffed an earlier £7.3billion approach and said the latest bid "significantly undervalues the company and its prospects".

The offer follows Caesars Entertainment's £2.9billion deal for William Hill on the heels of the lifting of a ban on sports betting in the US.

MGM Resorts operates the Bellagio casino in Las Vegas and laid off 18,000 US employees in August.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Thursday, January 28 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Thursday, January 28

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Newmedica invests more than £1m in new Gloucester site Image

Newmedica invests more than £1m in new Gloucester site

Sight-saving specialists Newmedica have revealed a £1million investment in the new state-of-the-art facilities.

St James's Place hits record funds after strong quarter Image

St James's Place hits record funds after strong quarter

St James's Place Wealth Management saw record funds under management grow to almost £130billion during a strong end to 2020.

Perry Bishop expands into commercial property Image

Perry Bishop expands into commercial property

Gloucestershire estate agents Perry Bishop and Chambers has announced the creation of a commercial property arm.

Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.