Entain appoints Gavin Isaacs as its new chief executive

22nd Jul 2024 07:17

(Sharecast News) - Gambling giant Entain announced the appointment of Gavin Isaacs as its new chief executive officer on Monday, effective from 2 September.

The FTSE 100 company said Isaacs would bring over 25 years of experience in the sports betting, gaming, and lottery industries, having held significant leadership roles at prominent companies such as Scientific Games Corporation, DraftKings, SB Tech, Bally Technologies, and Aristocrat Technologies.

His industry contributions were recognized in 2022 when he was inducted into the American Gaming Association's Hall of Fame.

"On behalf of the board, I am delighted to welcome Gavin to Entain," said chair Barry Gibson.

"We are confident that his proven leadership and operational experience mean that Gavin is the right person to take Entain into its next chapter.

"I would also like to thank Stella David and Entain colleagues for the significant operational improvements and progress made so far towards our strategic priorities."

The appointment is part of Entain's previously announced succession plan.

To ensure a smooth leadership transition, Stella David will collaborate with Isaacs before taking over as Chair of Entain. She is set to succeed Barry Gibson, who will retire on September 30, 2024.

"I am looking forward to working with Gavin and transitioning into my new role as chair of this fantastic business," commented Stella David.

"The positive progress we have already achieved means the business has strong building blocks in place for the future.

"I am confident that with Gavin's leadership we will realise the ambitious plans that we have for Entain."

At 0901 BST, shares in Entain were up 3.07% at 664p.

Reporting by Josh White for Sharecast.com.