Asian investment firm urges MGM China share sale to finance fresh Entain bid

Snow Lake Capital requests divesture of 20% stake in MGM China to free up funds for M&A and Japan expansion

Asia-based investment firm Snow Lake Capital has called on MGM Resorts to divest 20% of its stake in MGM China to external Chinese investors to jumpstart a fresh bid for Entain. In a six-point open letter to the US casino operator, Snow Lake claimed a sale to a “leading Chinese consumer internet or travel and…

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