Continuing its bid to buy famous iGaming and sportsbook company Entain

The opinion from international brokerage Sanford C Bernstein Limited is due to the price tag that is likely to accompany this acquisition. The London-based financial services company reportedly detailed that the cost would reduce MGM Resorts International's efforts to exit or gain the right to operate one of Japan's three upcoming integrated casino resorts.

Analysts Tianjao Yu, Vitali Umanski and Kelsey State of Sanford C Bernstein Limited have reportedly declared that the successful acquisition of Entain will likely reduce MGM Resorts International's desire for large-scale Japanese development, including a project being pursued by the Las Vegas-based company in the city of Osaka. Sources explained that the casino giant recently failed with a second takeover offer for Entain, valued at about $11.1 billion, but has since returned with an improved offer of $12.9 billion.

"Japan opportunities are struggling mainly due to delays caused by coronavirus, and we remain concerned about the high development costs and potential revenue needed. MGM Resorts International may result in withdrawal from Japan's Unified Casino Resorts or in any case in reducing its unannounced stake in the partnership."

MGM Resorts International is already partnering with London-listed Entain through Lower Digital, which operates BetMGM online sports betting services in several jurisdictions across the United States. Sanford C Bernstein Limited reportedly declared that the proposed acquisition would allow the land-based casino operator to 'transform into a digital betting growth franchise with strong block-and-molter cash flow generation elements.'

"We do not expect MGM Resorts International's interests to be affected by MGM Resorts International's potential deal with Entain because we do not believe MGM Resorts International will reduce Macau exposure. In the long run, following the renewal of the concession, and in line with MGM Resorts International's strategic focus, we see Macau becoming a less central part of MGM Resorts International. With the blessing of the Macau government, MGM Resorts International's sale of MGM China Limited may be one way, but even if it does, this will not happen anytime soon." 카지노사이트 순위