Global sports betting and gaming group Entain plc has announced a significant leadership transition, with Chief Executive Officer Gavin Isaacs stepping down effective immediately by mutual agreement.
Stella David, currently serving as Entain’s Non-Executive Chair, will take on the role of Chief Executive Officer (CEO) on an interim basis until a permanent successor is appointed.
David previously held the position of Interim CEO from December 2023 until September 2024. In a related move, Pierre Bouchut, who is currently the Senior Independent Director, will assume the role of Non-Executive Chair on an interim basis.
In a statement, Stella David expressed gratitude towards Isaacs for his contributions to the company. “Entain is making strong progress in delivering our strategic priorities,” she said.
“The Board is pleased with the Group’s performance in 2024 and trading so far this year. As announced on January 13th 2025, FY2024 Group EBITDA is expected to be at the top of the £1.04 billion ($1.2 million) to £1.09 billion ($1.3 billion) guidance range”, David said in the announcement.
David also emphasized that the Board and management are united in their focus on operational excellence and maximizing shareholder value. “I look forward to leading the business as we continue to accelerate our performance,” she added.
In other related news, Entain Australia reportedly is preparing to disband its Ladbrokes Racing Club (LRC) program, citing rising operational costs. The LRC was launched by Entain in 2023, offering members an ownership-like experience.
