Entain is on a dealmaking spree. Jette Nygaard-Andersen, chief executive of the $10 billion UK bookie, has bought five companies this year for over $1 billion in total. Her swoop for Croatia’s SuperSport, announced on Thursday, exemplifies the logic. Entain wants to plant flags across the map so that a regulatory crackdown in one country, like the United Kingdom, makes less overall difference. There are also savings in switching smaller bookies’ systems for Entain’s. Investors bid the Ladbrokes owner’s shares up by more than 5%.
on Thursday, exemplifies the logic. Entain wants to plant flags across the map so that a regulatory crackdown in one country, like the United Kingdom, makes less overall difference. There are also savings in switching smaller bookies’ systems for Entain’s. Investors bid the Ladbrokes owner’s shares up by more than 5%.
The question is what this all means for Entain’s M&A dance with perennial $14 billion suitor MGM Resorts International
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