MGM Resorts International Statement Regarding Entain PLC

MGM RESORTS INTERNATIONAL | January 19, 2021

LAS VEGAS, Jan. 19, 2021 -- MGM Resorts International ("MGM" or the "Company") announced today that, after careful consideration and having reflected on the limited recent engagement between the respective companies regarding MGM's rejected all stock proposal at an exchange ratio of 0.6x, it does not intend to submit a revised proposal and it will not make a firm offer for Entain plc ("Entain"). MGM is committed to being a premier global omni-channel gaming and entertainment company, and will maintain a disciplined framework while evaluating a range of compelling strategic opportunities. "BetMGM, our U.S. sports betting and online gamin...