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: