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LAS VEGAS: MGM Resorts International announced Tuesday it had rescinded its offer to buy Ladbrokes-owner Entain plc, saying it does not intend to submit a revised proposal for the British firm that snubbed an $11 billion takeover approach earlier this month.
"MGM is committed to being a premier global omni-channel gaming and entertainment company, and will maintain a disciplined framework while evaluating a range of compelling strategic opportunities," the US casino operator stated.