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Video: DraftKings’ Takeover Bid For Entain And What It Means For MGM, Unpacked

MGM Resorts CEO Bill Hornbuckle warned at G2E that his company 'could block' DraftKings

Matt Rybaltowski by Matt Rybaltowski
October 7, 2021
in Analysis, Industry
DraftKings MD

Courtesy of DraftKings

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As expected, DraftKings’ proposed $22 billion acquisition of Entain generated a considerable amount of chatter at this week’s Global Gaming Expo in Las Vegas. DraftKings’ power play of sorts could be viewed as a “defensive deal” to deprive MGM Resorts of Entain’s tech stack for BetMGM.

A complex, three-way deal could ameliorate concerns for all three parties, but MGM Resorts will not let DraftKings box it out without a fight. MGM Resorts CEO Bill Hornbuckle warned this week that his company “could block” DraftKings from operating in the U.S. if the deal goes through. Buckle your seatbelts.

Here’s the story discussed in greater detail:

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Matt Rybaltowski

Matt Rybaltowski

Matt is a veteran writer with a specific focus on the emerging sports gambling market. During Matt's two decade career in journalism, he has written for the New York Times, Forbes, The Guardian, Reuters and CBSSports.com among others. In his spare time, Matt is an avid reader, a weekend tennis player and a frequent embarrassment to the sport of running. Contact Matt at matt@usbets.com.

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