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Shares in gambling group Entain fell after the casino giant MGM Resorts ruled out a fresh bid.
The firm behind Ladbrokes and Coral was back in MGM’s crosshairs after a failed £8billion swoop in January 2021.
MGM was expected to make a bid for Entain once the UK Government’s gambling white paper was published.
Bets off: Entain, which is behind Ladbrokes and Coral was back in MGM’s crosshairs after a failed £8billion swoop in January 2021
But a shake-up of industry rules was delayed this week.
Asked about a bid, MGM boss Bill Hornbuckle said: ‘The simple answer is no.’ He added: ‘We have moved on.’
