MGM Resorts International Eyes Unibet Owner for Possible Acquisition
Lina Almans
03 August 2023
Comment 0
MGM Resorts International, a giant in the American hospitality and entertainment industry, is reportedly interested in buying Kindred, the gambling company that owns Unibet. It was reported by Casino Nieuws, citing a post on the British site Betaville.co.uk.
The rumor has not been confirmed by any of the parties involved, but it still boosted Kindred’s stock value on Friday.
This is not the first time that MGM Resorts International has shown interest in a Swedish gambling company. Last year, it snapped up LeoVegas for $607 million.
Besides MGM Resorts International, another unnamed British gambling company is also said to be in the running for Kindred, according to the original source. Some media outlets have speculated that Entain and Flutter Entertainment might be the potential suitors.
None of these companies have commented on the rumor, nor has Kindred itself.
The rumor comes after Bloomberg reported in late May that Kindred might be up for sale. Analysts estimated that the asking price for the deal could be around $4 billion. So, if the rumor turns out to be true, this could be the amount to watch out for.
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