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Despite a deadline extension, DraftKings announced this morning that it won't make a formal offer for Entain.
DraftKings had until today to make a formal offer to acquire Entain, but the latter company has extended the deadline until next month.
The Entain Foundation, Entain's non-profit responsible gaming wing, announced two new efforts for Responsible Gaming Education Week.
DraftKings has confirmed rumors that it is in takeover negotiations with Entain, but won't elaborate on details.
Entain's 2020 Annual Report shows BetMGM as the US market leader, but also operating at a loss for the near future.
Despite initially hoping to continue negotiations, MGM Resorts International has abandoned its takeover plans following a firm rejection by Entain.
MGM has confirmed rumors that it informally floated an offer to take over joint venture partner Entain for the equivalent of $11 billion.
GVC Holdings, which owns Partypoker and co-owns BetMGM, is the first official partner of PlayPause, an interstate responsible gambling tool.
GVC will rebrand as Entain, as the company looks to establish a new identity and strategic direction, as well as a squeaky-clean compliance record.