MGM’s $11 Billion Acquisition Offer Rejected by Entain

The transcript discusses MGM Resorts International's bid rejection, highlighting the undervaluation concerns and the competitive landscape of the US gambling market post-2018 Supreme Court decision. Analysts suggest a higher valuation, comparing it to DraftKings, while considering the European market's regulation. Potential bidders include US operators and private equity, with no major regulatory obstacles foreseen. The focus remains on the deal's structure and price.

What is one reason Antaine might demand a higher offer from MGM?

• The technological expertise and software Antaine offers

• Antaine's lack of experience in the gambling market

• MGM's strong presence in the European market

• Antaine's recent financial losses

How does the valuation of DraftKings compare to the potential deal with MGM?

• DraftKings is not considered in the valuation

• DraftKings is valued lower due to its European exposure

• DraftKings has a much richer multiple

• DraftKings is valued similarly due to its growth prospects

Which company has shown interest in transatlantic partnerships similar to MGM's bid?

• Apollo with MGM

• Caesars with William Hill

• Las Vegas Sands with DraftKings

• Wynn with GBC

What is a potential concern for MGM's bid according to the transcript?

• MGM's limited technological expertise

• Lack of interest from private equity

• The structure and price of the deal

• Regulatory obstacles

Which company was a rival suitor for William Hill last year?

• Wynn

• Caesars

• Apollo

• Las Vegas Sands