Jason Ader: MGM vying to become Walmart of gambling with Entain bid

SpringOwl Asset Management CEO backs MGM to complete takeover and combine world-leading offline and online betting businesses

MGM Resorts is bidding to become the Walmart of the gambling world with its takeover offer for Entain, according to independent sponsor and Wall Street expert Jason Ader. The Las Vegas-based casino giant has made an all-share proposal worth £8.09bn ($11.06bn) for the business formerly known as GVC, although its initial approach was rebuffed. However,…

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