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.
Ramsey MIU to close temporarily ahead of relocation of services
Number of services to be relocated to Noble's - albeit temporarily - to allow for pest control works
Storm Bram: Trees down amid widespread disruption
Footage shows large waves crashing onto coastal roads
Treasury presents 2025-26 Department Plan to Tynwald
Department says it will continue to push for tighter financial controls across government
Further adjournment for attempted murder accused
19-year-old is also charged with several other offences