Jason Ader: MGM’s Entain takeover is far from over

SpringOwl Asset Management & 26 Capital CEO Jason Ader concedes Shay Segev’s departure was a “huge loss” but is backing Bill Hornbuckle to bring the two companies together

MGM Resorts cannot afford to walk away from a fresh bid for US joint venture partner Entain, according to SpringOwl Asset Management CEO Jason Ader. MGM this week decided against making an increased bid for the FTSE-100 firm, but reiterated its commitment to the pair’s BetMGM JV partnership while opting to look for “compelling strategic…

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