BACKING A WINNER? Entain has a lot of assets, with a strong brand in the UK as well as its other 27 markets. MGM is highly unlikely to want to give up its designs on Entain, but if it does it may look to extract a high price from DraftKings. Either that, or it will have to decide whether it wants to even get close to the current offer which is double its own offer. That's a lot of bid inflation in less than a year... CMC Markets' chief markets analyst Michael Hewson

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