Entain CEO Gavin Isaacs resigns after five months

Earlier today, Entain Group Plc confirmed that its CEO Gavin Isaacs has resigned with immediate effect after just five months in the role.

No official reason was given for the departure, but the betting operator said it was “by mutual agreement.”

Chair Stella David will step into the Chief Executive role on an interim basis, as she did previously from December 2023 to September 2024. Additionally, Pierre Bouchut, the 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. “The Board is pleased with the Group’s performance in 2024 and trading so far this year,” said David. “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 maximizing shareholder value. I look forward to leading the business as we continue to accelerate our performance.”

Isaacs officially took the role on September 1, 2024, and brought with him over 25 years of experience in the betting and gaming industries. He previously held leadership posts at casino games development company Games Global, gambling tech firm Bally Technologies, and lottery company Scientific Games.

During his five-month tenure, Isaacs oversaw trading for Q3 2024, during which Entain returned to growth in the UK and Ireland, and reported a 6% increase in online revenues.

Entain owns Ladbrokes and half of the BetMGM joint venture. Despite increasing US revenue, the company’s share price has fallen 27% over the last year.