More than $1.4bn wiped off Entain’s value as MGM hits brakes on takeover bid

Shares plummet 18% after casino giant confirms it will not return with higher offer for US JV partner

Entain’s market cap fell dramatically by more than £1bn ($1.4bn) after MGM Resorts dropped its takeover interest in the FTSE 100 firm. Entain’s share price plunged 18% on the London Stock Exchange to £1,185p per share, reducing the operator’s market cap from around £8bn ($10.9bn) to £7bn ($9.5bn), although the price has recovered slightly to…

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