Gavin Isaacs resigns as Entain CEO
The executive came to the role in September 2024.
Entain CEO Gavin Isaacs has resigned from his role, after only five months with the industry giant.
The operator, which owns BetMGM in partnership with MGM Resorts International as well as a range of global brands such as Ladbrokes, Coral and Sportingbet, appointed Isaacs after the resignation of former CEO Jette Nygaard-Andersen in December 2023. Between the departure of Nygaard-Andersen and appointment of Isaacs, Stella David acted as Interim CEO.
Now, David is once again being called to the Interim role, moving back from her current position as Non-Executive Chair. This role will be filled by Senior Independent Director Pierre Bouchut.
While the operator has given no conclusive reason as to why Isaacs left the role, David commented, “Entain is making strong progress in delivering our strategic priorities. We would like to thank Gavin for his contribution.”
Gaming America also understands there was no disagreement over strategy, but that the predominantly B2C nature of the job may have been too much of a departure from Isaacs’ largely B2B experience.
“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 £1.04bn-£1.09bn ($1.29bn – $1.35bn) guidance range.
Good to know: In Q1 2024, BetMGM NGR was up 2%. Whether this growth will continue following the resignation of Isaacs is yet to be seen.
“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.”
Despite David’s reassurances, Entain’s stock price has dipped. As of the time of writing (11am GMT) prices are down to £6.67 from an adjusted close of £7.42 on February 10 2025. This reflects a decline of 10.1%.
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