Entain says MGM offer ';significantly undervalues' company
A Douglas-based company has received an 8 billion pound offer from a Las Vegas casino firm.
Entain, which owns bookmakers Ladbrokes and Coral, said in a statement to the London Stock Exchange the bid from MGM Resorts "significantly undervalues" the company.
The group, formerly known as GVC Holdings, has its headquarters in the Isle of Man, but holds licences in 18 countries, employing almost 3,000 people globally.
Balthane Roundabout targeted for Spring 2027 completion, says infrastructure minister
Construction could begin in September 2026, with coal tar issues continuing to delay road schemes across the Island
Jurby Junk founder dies aged 90
Stella Pixton ran the famous shop in the north of the Island for more than 40 years
Treasury exploring replacement payment card scheme
New system could succeed MiCards after U-turn extension
Liverpool ferry terminal dispute escalates in House of Keys as minister refuses to publish final cost
Infrastructure minister says legal advice prevents disclosure of the final cost, as an MHK claims the overall price tag exceeds £100 million