Tag Archives: Stella David

Entain Plc sees its business units return to ‘organic growth’; however, the FTSE100 group’s yearly profits have been wiped out by bottom-line impairments, write-downs, and restructuring costs totalling £860m. For a second consecutive year, Entain has declared a multi-million pound loss (after tax) for FY2024, totalling £460m. The figure further compounds the FY2023 loss of £900m, while group accounts further …

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 cites confidence in achieving the strategic objectives of year one of its corporate reorganisation, as a new leadership team takes charge of the FTSE100 gambling group. Appointed in September, Gavin Isaacs issued his first statement as Group CEO: “My first few weeks as CEO of Entain have reaffirmed my view that this is a very good business operating …

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 …

Entain Plc views an accelerated return to online growth for its UK & Ireland business as a core objective in the FTSE100 gambling group’s financial recovery. This morning, the board of Entain issued a ‘strategic update’ on H2 trading, as new CEO Gavin Isaacs takes leadership of the FTSE firm, with the corporate objective of returning the company to growth, …

This morning, Entain Plc raised its full year EBITDA guidance above the £1bn mark, as leadership remains confident of achieving its turnaround objectives, entering what will be a further transformative H2 trading period.   Of importance was Entain’s return to ‘double digit growth’ in Brazil (+28% NGR), which Group Interim CEO Stella David described to be a “must-win” market for the …

Entain Plc has upgraded its full-year 2024 guidance due to stronger-than-expected Q2 results and revised regulatory timings helping the execution of key upgrades. Posting its H1 trading statement, the FTSE100 gambling group underscored its ‘improved operational execution’ ahead of Gavin Isaacs beginning his tenure as new CEO on 2 September 2024. Corporate results, including the performance of joint-venture BetMGM, saw …

Entain Plc remains focused on accelerating operational efficiency, aiming to return its business to growth by 2025. Publishing its Q1 2024 trading update, the FTSE100 gambling group stated that its “performance aligned with expectations,” with leadership prioritising operational performance improvements to drive organic growth. Period trading saw group net gaming revenues (NGR), including the BetMGM JV, increase by 6% on …

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 …