Information  X 
Enter a valid email address

Entain PLC (ENT)

  Print          Annual reports

Monday 11 January, 2021

Entain PLC

Director Change

RNS Number : 1602L
Entain PLC
11 January 2021
 

11 January 2021

 

Entain plc

("Entain", the "Company")

 

Director Change

 

Entain plc (LSE: ENT), the global sports-betting and gaming group, formerly known as GVC Holdings PLC, announces that Shay Segev, Entain's Chief Executive Officer, has given notice of his intention to leave the Company to become Co-CEO of DAZN, a privately owned global sports streaming platform.

 

Shay has a notice period of six months and will remain in his current role for that period or until a successor is in place. The Board, having considered succession issues on a regular basis, has a process well under way to find his successor.

 

Barry Gibson, Chairman of Entain, said: "We are sorry that Shay has decided to leave us but recognise that we cannot match the rewards that he has been promised.

 

"Entain has a wealth of talent across its leadership team and the business has never been stronger.  The Company has delivered 20 quarters of double-digit online growth, and our future prospects have been substantially enhanced by our new strategy, which we set out in November.  We have built a truly global business which is entirely based on our own technology and offers our best-in-class entertainment services in more than 20 nationally-licensed countries. 

 

"I can confirm that this changes nothing with respect to the Board's view of the recent proposal from MGM Resorts International to acquire Entain.  The Board remains unanimous in our view that the proposal significantly undervalues the Company and its prospects."

 

Shay Segev, CEO of Entain, said: "I will be sad to leave the Company after five years but I have been offered a role which offers me a very different type of opportunity.  Entain is in great shape after the successful launch of our new strategy.  I also want to emphasise that the recent interest from MGM Resorts has had absolutely no bearing on my decision, and I fully support the Board's decision to reject their proposal.  Entain has a great team of leaders and an exciting future ahead through its growth and sustainability strategy, and I will do all I can to continue to support the Company."

 

This announcement contains inside information.

 

Enquiries:

Investor Relations

 

David Lloyd-Seed, Director of Investor Relations & External Communications

[email protected]

Company Secretary

Emily Carey

 

Media

Powerscourt

[email protected]

Rory Godson / Rob Greening / Elly Williamson

 

Tel: +44 (0) 20 7250 1446

[email protected]

 

LEI:  213800GNI3K45LQR8L28

About Entain plc

Entain plc (LSE:ENT) is a FTSE100 company and is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US. The Group is tax resident in the UK with licenses in more than 20 countries, across five continents.

 

For more information see the Group's website:   www.entaingroup.com  

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOALBLLFFFLLBBV

a d v e r t i s e m e n t