The appointment by Entain of Gavin Isaacs as its new Chief Executive Officer should bring ‘stability and expertise’ to the global sports betting and gaming entertainment group as it embarks on its next phase of growth, a dispatch by CBRE Equity Research details.
This month, Entain announced the appointment of Gavin Isaacs as its new Chief Executive Officer, effective September 2nd.
Isaacs is a veteran gaming executive with over 25 years of experience, including serving as the CEO of Scientific Games; CEO of Shuffle Master; COO of Bally Technologies; President of Aristocrat; Chairman of SBTech; Board Member of DraftKings Inc.; Advisor to the Board of Jackpocket; and Chairman of Games Global, among other industry positions.
‘Isaacs’ appointment concludes a seven-month search for a new CEO after Jette Nygaard-Andersen resigned from her post in December 2023. At our recent management meeting in London with Entain in June, the company reiterated the importance of not rushing the CEO search and finding the right person for the job given the short tenure of each of the two prior CEOs,’ CBRE noted.
The brokerage highlighted that the new appointment could bring ‘stability and expertise’ to the group, with a smooth transition expected as current interim CEO Stella David will transition into her role as Chairperson, beginning on September 30th, upon current Chairman Barry Gibson’s retirement from the company.
