Tag Archives: FTSE

Entain Plc has made further changes to its board of directors, following this week’s announcement that Gavin Isaacs has resigned with immediate effect as CEO of the FTSE-listed gambling group. Announced on 11 February, Isaacs’ immediate resignation led to Chair Stella David resuming the role of Interim CEO of Entain. Investors were informed that: “As Interim CEO, Stella David has …

Entain Plc has confirmed that Gavin Isaacs has resigned as Group CEO of the FTSE100 gambling group with immediate effect this morning. Chair, Stella David, will once again assume the role of Interim CEO as the board of Entain initiates a new executive search to find Isaacs’ replacement. The transition period will see Senior Independent Director Pierre Bouchut take on …

Entain Plc stands by its full-year guidance for 2024 as the FTSE 100 gambling group monitors the financial updates of competitors. This morning, Entain reiterated its confidence in achieving the upgraded guidance issued on 17 October, targeting group-wide EBITDA at the top range of £1,040m-£1,090m. The update follows last week’s announcement by rival Flutter Entertainment, which cut its annual revenue …

Entain Plc has announced that Stella David has begun her tenure as Chair of the Board of the FTSE 100 gambling group as of 1 October 2024. Announced in H1, Stella David was elected to succeed Barry Gibson as Chair, following his decision to step down from all duties related to Entain’s corporate governance. Prior to the succession, David had …

Playtech Plc has confirmed that it is in discussions with Flutter Entertainment Plc regarding the ‘potential sale’ of its Snaitech Italia business. The FTSE250 technology group issued a short statement in response to media speculation on the potential sale of its Italian business to the NYSE-listed gambling group Flutter. The statement confirmed that discussions are ongoing “regarding the potential sale …

Entain Plc has announced that the Capital Allocation Committee (CAC) has concluded the strategic review of the FTSE gambling group’s operating structures, global portfolio of brands, and funding. Entain’s board appointed the Committee in January to undertake its review “with the objective of maximising shareholder value and reflecting the operational progress of the business,” as full-year 2023 results declared corporate …

The board of Entain Plc has informed the markets that it has secured new terms on the corporate debt arrangement of the FTSE 100 gambling group. Updating investors, Entain announced the successful repricing of two of its existing ‘Term B‘ loans, which hold approximately $3bn of corporate net debt. Entain’s bondholders have further agreed to authorise the pricing and allocation …

Flutter Entertainment Plc has notified markets that it has launched an offering of senior debt notes equivalent to an aggregate principal amount of $1.05bn. The twin-listed NYSE and FTSE gambling group has authorised the transaction for both USD- and EUR-denominated senior secured notes due by 2029. Markets were informed that proceeds from the debt notes issuance will be used to …

Entain Plc has informed markets that Chairman Barry Gibson will resign from all corporate governance duties by the end of September 2024. Gibson will be succeeded by current interim Chief Executive Stella David, who may take over boardroom leadership duties earlier depending on the timing of the appointment of a permanent Group CEO. The announcement sees Gibson end his four-year …

Flutter Entertainment Plc has declared corporate losses of $1.21bn after completing a transformative year for its business, which achieved the headline objective of becoming global gambling’s most valued Plc.  Publishing its full-year 2023 accounts, the joint FTSE-&-NYSE-listed gambling group reported revenues of $11.7bn, a 24% increase over the FY2022 results of $9.4bn.  Headline growth shows Flutter delivering on the goals …