{"id":52748,"date":"2023-02-28T11:01:27","date_gmt":"2023-02-28T11:01:27","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=52748"},"modified":"2023-02-28T11:01:27","modified_gmt":"2023-02-28T11:01:27","slug":"entain-shares-rise-on-brexit-deal-announcement","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/entain-shares-rise-on-brexit-deal-announcement\/","title":{"rendered":"Entain Shares Rise on Brexit Deal Announcement"},"content":{"rendered":"<p class=\"normal\" style=\"text-align: left\"><span lang=\"EN\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-52298\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2023\/01\/entain-hall-270x300.jpg\" alt=\"\" width=\"270\" height=\"300\" srcset=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2023\/01\/entain-hall-270x300.jpg 270w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2023\/01\/entain-hall-768x853.jpg 768w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2023\/01\/entain-hall.jpg 922w\" sizes=\"auto, (max-width: 270px) 100vw, 270px\" \/>With the new Brexit deal, gambling giants Entain and BetMGM have seen a 50p increase in stock prices. Bets are live on how the news could affect the two companies, their partnership and future acquisitions.<\/span><span lang=\"EN\">\u00a0<\/span><\/p>\n<p class=\"normal\" style=\"text-align: left\"><span lang=\"EN\">The gambling industry is buzzing with the news of Entain&#8217;s 50p rise in its shares following Rishi Sunak&#8217;s announcement of a &#8220;decisive breakthrough&#8221; in post-Brexit rules. The new deal aims to remove trade borders between the UK and the EU, providing much-needed relief to investors worldwide. This latest development has particularly benefited gambling giant MGM, who to date have said no to buying Entain.<\/span><span lang=\"EN\">\u00a0<\/span><\/p>\n<p class=\"normal\" style=\"text-align: left\"><span lang=\"EN\">Entain plc, formerly GVC Holdings, are partners with MGM on their platform BetMGM but this is as far as the project goes. The gambling industry&#8217;s combined revenue has been soaring in the last few months, and the Brexit deal news has accompanied a surge in share prices in what has been a lacklustre few months for Entain.<\/span><span lang=\"EN\">\u00a0<\/span><\/p>\n<p class=\"normal\" style=\"text-align: left\"><span lang=\"EN\">In an interview with Bill Hornbuckle, the CEO of MGM Resorts International suggested the chance of a buyout was unlikely but said they were in talks with Entain. This news has sparked speculation that the gambling giant could be on the brink of completing a takeover, or at least a significant stake, in Entain.<\/span><span lang=\"EN\">\u00a0<\/span><\/p>\n<p class=\"normal\" style=\"text-align: left\"><span lang=\"EN\">MGM has previously said any takeover of Entain must be &#8220;at the right price.&#8221; With the 50p rise in their share prices and the optimism of a post-Brexit deal, this could be the right time for MGM to take the plunge.<\/span><span lang=\"EN\">\u00a0<\/span><\/p>\n<p class=\"normal\" style=\"text-align: left\"><span lang=\"EN\">As for Brexit, Sunak announced a &#8220;decisive breakthrough&#8221; in post-Brexit rules; removing trade borders in the Irish Sea looks promising, but we&#8217;ve been here before. Unsurprisingly, UK markets experienced a resurgence with better share news than expected before the announcement.<\/span><\/p>\n<p class=\"normal\" style=\"text-align: left\"><span lang=\"EN\">The only setback could be unexpected US inflation rises, prompting fears that interest rates will increase to control pricing, resulting in worldwide uncertain market responses. However, the post-Brexit deal brought short term relief to investors, with Rolls-Royce up 8.96p to 145p, J. Sainsbury up 8.2p to 271.2p, Melrose Industries up 4.55p to 151.25p, and Persimmon, up 43p to 1,438p and most importantly Entain up 50p to 1,356.5p, proving 50p can make all the difference.<\/span><\/p>\n<p class=\"normal\" style=\"text-align: left\"><span lang=\"EN\">Britain has resisted recession, and the world is recovering from natural disasters, so nothing is a sure bet. However, you can rely on two things &#8211; death and taxes, so gambling giants Entain and BetMGM will be watching the market closely as they await their post-Brexit fate.<\/span><\/p>\n<p class=\"normal\"><span lang=\"EN\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the new Brexit deal, gambling giants Entain and BetMGM have seen a 50p increase in stock prices. Bets are live on how the news could affect the two companies, their partnership and future acquisitions.\u00a0 The gambling industry is buzzing with the news of Entain&#8217;s 50p rise in its shares following Rishi Sunak&#8217;s announcement of [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":32015,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,11,3,8],"tags":[],"class_list":["post-52748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe","category-headlines","category-igaming","category-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Entain Shares Rise on Brexit Deal Announcement - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/entain-shares-rise-on-brexit-deal-announcement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Entain Shares Rise on Brexit Deal Announcement - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"With the new Brexit deal, gambling giants Entain and BetMGM have seen a 50p increase in stock prices. Bets are live on how the news could affect the two companies, their partnership and future acquisitions.\u00a0 The gambling industry is buzzing with the news of Entain&#8217;s 50p rise in its shares following Rishi Sunak&#8217;s announcement of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gaming-awards.com\/NEWS\/entain-shares-rise-on-brexit-deal-announcement\/\" \/>\n<meta property=\"og:site_name\" content=\"iGaming Post\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-28T11:01:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2017\/05\/stocks-shares.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"309\" \/>\n\t<meta property=\"og:image:height\" content=\"232\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Victoria Walsh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:site\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Victoria Walsh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/entain-shares-rise-on-brexit-deal-announcement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/entain-shares-rise-on-brexit-deal-announcement\\\/\"},\"author\":{\"name\":\"Victoria Walsh\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/person\\\/19ece3effa0422bf7d179527a8c21a98\"},\"headline\":\"Entain Shares Rise on Brexit Deal Announcement\",\"datePublished\":\"2023-02-28T11:01:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/entain-shares-rise-on-brexit-deal-announcement\\\/\"},\"wordCount\":419,\"publisher\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/entain-shares-rise-on-brexit-deal-announcement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/stocks-shares.jpg\",\"articleSection\":[\"Europe\",\"Headlines\",\"iGaming\",\"Latest\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/entain-shares-rise-on-brexit-deal-announcement\\\/\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/entain-shares-rise-on-brexit-deal-announcement\\\/\",\"name\":\"Entain Shares Rise on Brexit Deal Announcement - 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