Online To Acquire Land Based Casinos

With the collapse of the MGM Resorts deal to acquire Entain for some £8 billion with the online operator saying the value is not even in the right postcode, the question now has the land based casino operators in a position to go for any further online operators?

Many thought that MGM Resorts would come back with a larger offer for the Ladbrokes, Coral operator as the US casino giant wants to increase its presence in the sports betting sector state side.

As land based casinos worldwide suffer with lockdowns the online gambling industry happily picks up the slack from lost revenues.

Caesars Entertainment was the last big US operator to take another British online operator in William Hill for £2.9 billion, however the really big last two is now Flutter Entertainment and Entain.

The latter has already said £8 billion is not enough and Flutter could be valued at upwards of £19 billion, so who in the US could go for either one now?

Most likely no-one but could it be that an online operator could go the other way and look to acquire a US land based operator to increase its foothold in the US?

All states that allow online gambling only does so with registered licensed operators physically in that state, so if an online operator bought into a company with multiple locations well you know how that would go.

Indeed the iGaming Post has been informed that a smaller online operator is doing that very same thing in South America this year, so by acquiring the land based licenses are able to then offer the more lucrative online gambling services.

Has the tide changed with the failure of the MGM bid and will the industry see a reverse acquisition of a major online operator go for a major land based casino operator?