GMVHF - MGM: The Move On Its Entain Sports Betting Partner Signals A New Paradigm Forming For Entire Big Gaming Sector
- MGM's bid for its UK JV partner company Entain follows the same playbook as Caesars' deal on William Hill.
- Both deals would concentrate sports betting and casino marketing power and challenge the leadership of pure-play stocks in the sector.
- If the deal happens, it's a major swerve for MGM from prior strategic goals and could spell the end of its Japan initiative.
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MGM: The Move On Its Entain Sports Betting Partner Signals A New Paradigm Forming For Entire Big Gaming Sector