Bill Hornbuckle, chief executive officer of casino operator MGM Resorts International, sees a path for his company to take full control of its online-gambling startup in the wake of a $22.4 billion bid for joint-venture partner Entain Plc by DraftKings Inc.
If DraftKings reaches a deal to buy Entain, Hornbuckle said he’ll seek majority control of BetMGM and access to the technology that powers the business. Under the terms of their partnership, a new owner of Entain won’t be able to operate BetMGM in the U.S. without the approval of MGM, the largest operator of casinos on the Las Vegas Strip.
