MGM Resorts drops Entain takeover plans

MGM Resorts said it doesn’t intend to put forward a revised offer for the U.K.’s Entain, which has rejected an $11 billion bid, but remains committed to pursuing a omni-channel gaming strategy.

MGM also said it remains committed to BetMGM, its joint venture partner in the U.S. with Entain.

MGM Resorts International statement regarding Entain (Company filing)