Entain Appoints Gavin Isaacs as New CEO Amid Leadership and Regulatory Challenges
Isaacs takes the helm of the gambling giant with a mandate to stabilize and revitalize the company following a major bribery scandal and significant financial losses.
- Gavin Isaacs, with over 25 years of industry experience, will start as CEO on September 2.
- Interim CEO Stella David will transition to chairperson as Barry Gibson retires on September 30.
- Entain faced a £585 million penalty related to bribery offenses in Turkey, contributing to £879 million in annual losses.
- Shareholders' dissatisfaction led to the resignation of former CEO Jette Nygaard-Andersen in December 2023.
- Isaacs aims to leverage Entain's iconic brands and refocused strategy to restore its market leadership.