Entain Chief Executive steps down
Entain Chief Executive Officer Gavin Isaacs has stepped down just five months after taking the helm of the gambling group, which is MGM Resorts’ joint venture partner behind BetMGM.
Non-Executive Chair Stella David will step into the role on an interim basis for the second time, having done so previously between December 2023 to Isaac’s appointment in September 2024.
David said, “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 £1.04 billion (US$1.29 billion)1 GBP = 1.2451 USD
2025-02-11Powered by CMG CurrenShift to £1.09 billion (US$1.36 billion)1 GBP = 1.2451 USD
2025-02-11Powered by CMG CurrenShift guidance range.”
Senior Independent Director Pierre Bouchut will fill the Non-Executive Chair role while David is interim Chief Executive Officer.
David continued, “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.”
Entain is the company behind US sportsbook BetMGM, which announced its financial year 2024 results at the start of February.
Net revenue reached US$2.1 billion, growing 7% year-on-year, while BetMGM collected record igaming revenue of US$1.5 billion, an increase of 13% year-on-year.
BetMGM has forecast net revenue to hit US$2.4 billion to US$2.5 billion in the financial year 2025.
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