Entain CEO to Change Again with Gavin Isaacs’ Departure

The global sports betting and gaming group, as well as FTSE100 company, Entain plc, announced unexpected changes to its senior-level team. On Tuesday, the company confirmed that its newly appointed Chief Executive Officer (CEO), Gavin Isaacs, is stepping down from his role.

The Company Will Once Again Seek New CEO

It was back in July when Entain confirmed the appointment of Isaacs as its new CEO. The executive brought extensive experience to the recognizable gaming and betting company, accumulated through years of hard work. Isaacs’ expertise included senior-level roles with DraftKings, Scientific Games, Aristocrat Technologies as well as Bally Technologies, among other recognizable companies.

The new CEO was appointed to replace Jette Nygaard-Andersen, who departed with immediate effect back in December 2023. Until the appointment of Isaacs, which came into effect on September 2, 2024, Stella David served as interim CEO.

Now, with Isaacs’ announced departure, which according to Entain is with “immediate effect,” David, who is currently non-executive chair at the company, will once again take the reins as CEO on an interim basis. This will be the case until Entain appoints a new and permanent CEO.

“Entain plc, the global sports betting and gaming group, announces that by mutual agreement Gavin Isaacs, Chief Executive Officer, is stepping down with immediate effect. Stella David, currently Entain’s non-executive Chair, will again assume the role of Chief Executive Officer on an interim basis until a permanent replacement has been found,“

reads a statement released by Entain

Entain Is Pleased with Its 2024 Performance, Looks Forward to Successful 2025

Recently, market volatility resulted in a drop of nearly 10% of Entain’s stock. Despite that, the company and its subsidiary, BetMGM, reaffirmed their 2024 guidance. Echoing the announcement from last month, David pointed to Entain’s “strong progress in delivering our strategic priorities.”

She added that the company’s Board is delighted with its performance throughout 2024 and trading since the start of the new year. Moreover, David added: “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 interim CEO was optimistic, adding that Entain remains dedicated to enhancing shareholder value and achieving operational excellence. David thanked Isaacs for his efforts and leadership over the last few months. Last but not least, the interim CEO said Entain is looking forward to accelerating its performance.

Pierre Bouchut, who currently holds the role of senior independent director, will assume the role of non-executive chair. Holding this position on an interim basis, he will likely retain it until the appointment of a permanent CEO and the return of David to her non-executive chair role.