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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

dlkseng
2022-07-15
dlkseng
good

Leave a comment

1

6

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2251717450?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-07-15 05:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2251717450","market":"hk","top_or_hot":-1,"title":"MGM Resorts International Has Approached Genting Singapore Controlling Shareholder for Deal, Bloomberg Reports","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Denny Jacob \n</p>\n<pre>\n \n</pre>\n<p>\n  --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. \n</p>\n<p>\n  --The discussions didn't lead to an agreement but MGM could resume its pursuit of the company, the report said. \n</p>\n<p>\n  --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. \n</p>\n<p>\n  --MGM in May made an offer to acquire a European mobile gambling operator for $607 million, part of an international expansion of its online business. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story at https://www.bloomberg.com/news/articles/2022-07-14/casino-firm-genting-singapore-is-said-to-draw-takeover-interest?sref=b0us4KbN \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  July 14, 2022 17:09 ET (21:09 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MGM Resorts International Has Approached Genting Singapore Controlling Shareholder for Deal, Bloomberg Reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMGM Resorts International Has Approached Genting Singapore Controlling Shareholder for Deal, Bloomberg Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-15 05:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Denny Jacob \n\n\n \n\n\n  --Casino operator MGM Resorts International recently approached Genting Singapore Ltd.'s controlling shareholder, the billionaire Lim family, to express its interest in a deal,...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"G13.SI","symbol_name":"云顶新加坡","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2251717450","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2251717450","pubTimestamp":1657832940,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"By Denny Jacob \n\n\n \n\n\n  --Casino operator MGM Resorts International recently approached Genting Sing","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"G13.SI":"云顶新加坡","BK4150":"赌场与赌博","BK4561":"索罗斯持仓","MGM":"美高梅"},"translate_title":"据彭博社报道，美高梅国际度假村已经与云顶新加坡控股股东接洽","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGM":1,"G13.SI":0.9},"content_text":"By Denny Jacob \n\n\n \n\n\n  --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. \n\n\n  --The discussions didn't lead to an agreement but MGM could resume its pursuit of the company, the report said. \n\n\n  --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. \n\n\n  --MGM in May made an offer to acquire a European mobile gambling operator for $607 million, part of an international expansion of its online business. \n\n\n \n\n\n  Full story at https://www.bloomberg.com/news/articles/2022-07-14/casino-firm-genting-singapore-is-said-to-draw-takeover-interest?sref=b0us4KbN \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  July 14, 2022 17:09 ET (21:09 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9076290386,"gmtCreate":1657848664845,"gmtModify":1676536071847,"author":{"id":"4092623334628460","authorId":"4092623334628460","name":"dlkseng","avatar":"https://static.tigerbbs.com/02476b8b52536c798f64fc1fd6dfaab0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4092623334628460","authorIdStr":"4092623334628460"},"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076290386","repostId":2251717450,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":6,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2251717450"}