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Greenblatt and Nygaard-Andersen have both insisted that, despite the M&A drama, both Entain and MGM stay completely supportive of BetMGM, and that there’s been no impact on its business enterprise. Greenblatt says he has deliberately stayed out of discussions about MGM’s bid for Entain, but that he speaks to Hornbuckle and Nygaard-Andersen numerous times per week about each operations and technique. MGM declinedFortune’s requests to interview Hornbuckle or other executives for this story. It also declined to comment on speculation that it will make an additional attempt to buy Entain or buy out Entain’s stake in BetMGM. As BetMGM has grown, so too has its strategic importance to MGM, and Hornbuckle has grown increasingly interested in making certain MGM has majority control of the venture. In early January 2020, Entain confirmed press reports that MGM had produced an unsolicited bid to acquire not just the entirety of BetMGM, but all of Entain, for $11 billion in shares.
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