MGM Resorts International Has Approached Genting Singapore Controlling Shareholder for Deal, Bloomberg Reports

Dow Jones2022-07-15

By Denny Jacob

--Casino operator MGM Resorts International recently approached Genting Singapore Ltd.'s controlling shareholder, the billionaire Lim family, to express its interest in a deal, Bloomberg reported, citing people with knowledge of the matter.

--The discussions didn't lead to an agreement but MGM could resume its pursuit of the company, the report said.

--Other potential suitors have also been in the preliminary stages of studying Genting though there's no certainty the deliberations will lead to a transaction, Bloomberg reported.

--MGM in May made an offer to acquire a European mobile gambling operator for $607 million, part of an international expansion of its online business.

Full story at https://www.bloomberg.com/news/articles/2022-07-14/casino-firm-genting-singapore-is-said-to-draw-takeover-interest?sref=b0us4KbN

Write to Denny Jacob at denny.jacob@wsj.com

$(END)$ Dow Jones Newswires

July 14, 2022 17:09 ET (21:09 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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dlkseng
2022-07-15
dlkseng
good

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