Entain says MGM offer ';significantly undervalues' company
A Douglas-based company has received an 8 billion pound offer from a Las Vegas casino firm.
Entain, which owns bookmakers Ladbrokes and Coral, said in a statement to the London Stock Exchange the bid from MGM Resorts "significantly undervalues" the company.
The group, formerly known as GVC Holdings, has its headquarters in the Isle of Man, but holds licences in 18 countries, employing almost 3,000 people globally.
Southern 100 planning to run classic sidecars for 2026
It's after modern machines were excluded from July event
BMA to ballot doctors in the IOM for industrial action
It's amid ongoing disputes over pay and working conditions
Manx air quality 'significantly' better than UK average
Study held over two years monitors air pollution near schools
Visitors told "take extra care" as TT Fan Park to reopen
Access via Grandstand only as areas remain 'soft underfoot'
Sidecars have 'been my life' says Lambert
Greg Lambert says the news has been 'severe' for the sidecar community