Entain facing resistance to proposed Enlabs AB acquisition

Prominent iGaming and sportsbook operator Entain is reportedly facing shareholder resistance to its proposed £250 million ($340.3 million) plan to purchase Baltic-facing competitor Enlabs AB.

According to a Monday report from SBCNews, the Isle of Man-based firm is already responsible for a plethora of iGaming brands including Bwin, Ladbrokes, PartyPoker and SportingBet while partnering with MGM Resorts International to run the BetMGM platform in the United States. The source detailed that the operator earlier suggested a takeover that would see it pay Enlabs AB investors some £3.50 …