Entain PLC on Monday announced the appointment of Gavin Isaacs as its new chief executive officer.
The Isle of Man-based sports betting and gaming firm said Isaacs will take up his new role with effect from September 2.
‘Gavin has over 25 years of experience across the global sports betting, gaming and lottery industries,’ Entain noted. ‘His broad leadership experience has been built through previous roles within companies including Scientific Games Corp, DraftKings Inc, SB Tech, Bally Technologies Inc, and Aristocrat Technologies.’
Isaacs is currently a non-executive director of iGaming content supplier Games Global Ltd, having served for two years as chair before he stepped down on Monday with immediate effect.
Interim CEO & Chair Designate Stella David, who is set to succeed Non-Executive Chair Barry Gibson when he retires on September 30, will ‘work alongside’ Isaacs in the meantime.
Entain, whose brands include Coral, Ladbrokes, bwin, Foxy Bingo and Sportingbet, announced David’s appointment as chair in early April. She became interim CEO back in December, after Isaacs’ predecessor Jette Nygaard-Andersen abruptly stepped down.
Nygaard-Andersen’s resignation came after Entain entered into a deferred prosecution agreement with the UK Crown Prosecution Service in relation to alleged bribery offences at its former Turkish unit.
‘On behalf of the board, I am delighted to welcome Gavin to Entain,’ Gibson commented. ‘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.’
David added: ‘I am looking forward to working with Gavin and transitioning into my new role as chair of this fantastic business. 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.’
Shares in Entain rose 4.5% to 672.98 pence each in London late on Monday morning.
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