Isaacs has over 25 years of experience across the global sports betting, gaming and lottery industries, joined Entain in September 2024. His broad leadership experience has been built through previous roles within companies including Scientific Games Corporation, DraftKings Inc, SB Tech, Bally Technologies Inc, and Aristocrat Technologies.
Stella David, currently Entain’s Non-Executive Chair, will again assume the role of Chief Executive Officer (CEO) on an interim basis until a permanent replacement has been found. Stella was previously Interim CEO from December 2023 until September 2024. Pierre Bouchut, currently Senior Independent Director, will become Non-Executive Chair on an interim basis.
In an update to investors, David thanked Isaacs for his contribution and outlined the progress the company has made.
“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 £1,040m-£1,090m guidance range."
“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.”
According to Davy Research analysts, who spoke to Entain, there were "unreconcilable differences" between Isaacs and the board despite their alignment on group strategy.
Entain declined to give further details, and Isaacs did not immediately respond to Reuters' request for comment on LinkedIn.
Shares of the company, now valued at US$5.89 billion, fell as much as 12% on Tuesday (11), and are down 70% from a record high hit in 2021.
Analysts are concerned that the absence of a permanent head might make Entain a takeover target from overweight rivals and private equity outfits.
Source: GMB / Reuters
