• December 6, 2024

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Etain’s inventory market worth has soared to more than £11bn, meaning MGM will have to dig deep if it means business. Was that clever? Somebody close to that deal told the Observer that Silver Level had snared an absolute bargain, grabbing the casinos at a knockdown worth, meaning the deal is “in the money from day one.” It is eager to offload William Hill’s high street betting retailers and last week bought its eleven British casinos for an undisclosed nitty-gritty to the US hedge fund Silver Point. William Hill has already fallen to MGM’s fellow Las Vegas casino operator Caesars Leisure. Interestingly, Caesars has no curiosity in UK bricks and mortar. The market research firm Ibis World thinks US sports activities betting whitethorn very well be valued at $55bn (£40bn) a 12 months, about 17 times the size of the UK market.

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