Ladbrokes owner Entain braced for new takeover bid

The owner of bookmaker Ladbrokes is on alert for a £10billion takeover bid as a restriction on its US suitor from making a fresh offer for the gaming giant ends tomorrow. 

In January, Entain – which also owns Coral, Gala Bingo and Sportingbet – rejected an £8billion all-share offer from US-based casino giant MGM Resorts International. 

A bad sign: In January, Entain rejected an £8billion all-share offer from US-based casino giant MGM Resorts International

The collapse of the negotiations led to MGM dropping its pursuit.

Under Takeover Panel rules it was prevented from returning with a fresh bid for six months. 

The restriction on MGM ends tomorrow, leading to heated speculation in the City that the American group is preparing a new takeover offer for the FTSE100-listed firm. 

MGM wanted Entain to help it expand in the fast growing US online gaming and sports-betting market. 

RELATED ARTICLES Share this article Share HOW THIS IS MONEY CAN HELP The two companies have a joint venture together.

In January, MGM offered £13.83 a share. 

On Friday, the London-listed company’s shares closed at £18.21. 

A spokesman for Entain declined to comment.    

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Casino Games With The Best Odds

While many of us are in no way experts, and we just tag along to a casino to have a little fun, and see if fate happens to be on our side, there are actually games that you should prioritise when playing.

Why, you ask? Well, many of these casino games actually come with odds or an edge that you can know about before you start playing. What an edge specifically means is, there is a degree or a percentage that works against you and is in favour of the casino winning. While the percentages can vary for each kind of game you play, it is important to know these values, especially if you are a beginner.

It can help you give yourself the best chance of winning, which should be anyone's goal when they play at land-based casinos or a Casino Games With The Best OddsBefore we do start going into detail of the games with the best odds, it is important for you to know that not all casino games will be generous or favourable to you and your wallet.

In fact, there is a saying that the house always wins, due to the odds that are against you before you even start playing. This is why many of the professionals are constantly forming strategies and methods of heightening their gambling techniques when they are in the game, which is what you will most likely do as you become more experienced.

Nevertheless, use this article as means to become more familiar with the games that you happen to introduce to yourself along your journey. The best games to play So, when you first enter the casino hall, you need to remember one thing.

Casino table games will always have better odds at winning than your standard slot games on the casino floor. There is not a 'why' to this reason, it is just the way it is, so always keep that in mind when you are making your selections. It certainly will help you when you build up the confidence of playing.

Blackjack: 49% chance of winning Blackjack is a firm favourite of the gambling community, that there is no doubt. A simple game when you first contemplate playing it, but of course the further you get into it, the more opportunity you have if exploring betting opportunities that the game has to offer.

This game has you playing against the dealer, and more than one person can play alongside you, but you will not be playing it out with each other, all that force will be directed to the dealer only. Whoever gets the closest hand to 21 is the winner and will of course win bets placed within the game.

It could be you, it could be the dealer, but go into it knowingly, that the odds against you will be 51%, which is huge but still one of the best games out there for odds in your favour. Winning blackjack will always be about the chance more than the skill, as the cards that happen to be in your hand you do not choose, it is all by random occurrence of course.

Next time you happen to be in Vegas and pop down to the you should definitely be at a bit of an advantage, knowing which games pay you the best, right? Craps: 50% chance of winning Casino Games With The Best OddsCraps is another game that you need to add to your list to play.

The entire game is composed of you and other players, alongside a shooter that will roll the dice. The coming out roll, is the first roll that is played within the game essentially. For the shooter to win (who you are betting against), they need to roll a 7 or an 11.

If you happen to make a pass line wager within the game, that possesses the odds of 50/50, which is the highest variant of odds in the game. There are more outcomes that are not so achievable and will have harder odds to achieve, so be less specific about the bets you want to make!

The worst games to play Slots: 1 in 49.8 million chances You heard us say that slots are not the best for you to try out earlier, and we meant it. Did you know that slot games are super difficult to win, as there are so many outcomes that could happen when you spin that wheel?

Usually players often spend huge amounts to get just one win, which is never guaranteed as a large amount. Often it is the smaller payouts that have a better chance of winning, when you chose to play a low variance slot. Big Wheel/ Wheel of Fortune: 26% chance of winning When you play this game, you will bet on the wheel landing and stopping on a label that you prefer.

It can be any money variants, or of course a Joker. Whatever the wheel stops on, is what you will win. Usually you can bet on super low limits, meaning it is possible to actually bet $1 and come out with more, but that is a small possibility. The payouts are pretty low, as yet the casino edge is high, so stay vigilant!

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French supermarket Casino's sales pick up after COVID-19 curfews end

PARIS, July 29 (Reuters) – French supermarket group Casino said on Thursday it was seeing signs of improved sales momentum in July after its city stores suffered from a lack of tourists and coronavirus curfew measures in the second quarter.

The group, which has been boosting its profitability through purchasing deals and cost cuts, saw a further slowdown in revenue growth in the April to June period, but said it hoped to return to positive territory by year-end.

“We’ve seen a strong improvement since July in all our (supermarket) brands,” Financial Chief David Lubek told reporters.

He added that easing COVID-19 restrictions and the opening of 400 new stores in the second half of 2021, leading to a total of 750 extra shops this year, would help.

Casino operates its own stores as well Monoprix and Franprix formats, and its model of local shops in city centres helped fuel spending in 2020 at the height of coronavirus lockdowns when people stayed at home.

It reported a 8.4% fall in sales on a same-store basis year-on-year in its core French markets for the second quarter.

Some of its rivals such as Carrefour posted sales growth for the second quarter of this year.

Casino said it would further lift margins in the second half of the year, and it posted a 3% increase in the group’s earnings before interest, taxes, depreciation and amortisation (Ebitda) to 1.1 billion euros ($1.30 billion) in the first six months of 2021.

Casino, which has a stake in Brazilian food retailer GPA , has been selling assets to shrink its debts and that of parent group Rallye.

It agreed to shed web and mobile payment solutions provider FLOA to BNP Paribas for nearly 260 million euros earlier this week.

It has also flagged a potential listing for its GreenYellow energy arm, while its Cnova NV unit, which controls the CDiscount e-commerce business that competes with marketplace-style online platforms like Amazon, is also aiming to sell new shares this year.

($1 = 0.8435 euros) (Reporting by Sarah White; Editing by Jacqueline Wong)


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