Chair, Stella David, will once again step into the role of Interim CEO while the Entain board begins the search for Isaacs’ successor.
Entain Plc has confirmed that Gavin Isaacs has resigned as Group CEO of the FTSE 100 gambling group with immediate effect this morning.
Chair, Stella David, will once again step into the role of Interim CEO while the Entain board begins the search for Isaacs’ successor.
During the transition period, Senior Independent Director Pierre Bouchut will take on the role of Interim Chair of Entain Plc.
Updating investors, Stella David stated:
“Entain is making strong progress in delivering our strategic priorities. We would like to thank Gavin for his contribution.
“The Board is pleased with the Group’s performance in 2024 and trading so far this year. As announced on 13 January 2025, FY2024 Group EBITDA is expected to be at the top of the £1,040m-£1,090m guidance range.”
“The Board and management remain aligned on the Group’s focus on operational excellence and maximising shareholder value. I look forward to leading the business as we continue to accelerate our performance.”
Isaacs was appointed CEO of Entain in July 2024, following an eight-month succession plan led by the board. The former President of Scientific Games Corporation (SGC) and Chairman of SBTech officially assumed leadership of the FTSE firm on 1 September.
His tenure as CEO focused on executing Entain’s new corporate strategy, implementing the recommendations of the Capital Allocation Committee (CAC) to restore growth and shareholder value after a challenging 2023, during which the company reported losses of £900m.
During his time at the helm, Isaacs oversaw one full quarter of trading (Q3 2024), where Entain returned to growth in its core UK and Ireland markets, reporting a 6% rise in online revenues. Meanwhile, in North America, Entain noted improved performance for BetMGM, which had undergone key technical upgrades as part of Project Romer to enhance its sportsbook operations.
The company’s update concluded that Entain remains “comfortable with market expectations for FY2025.” Further details on Entain’s FY2024 results and current trading will be provided on 6 March 2025.