Entain stock surges on takeover rumors
There have been recent reports suggesting large private equity companies are considering purchasing all or a portion of Entain.Entain's stock price has increased by five...
Entain CEO Jette Nygaard-Andersen steps down
Jette Nygaard-Andersen, the CEO of Entain, has recently announced her departure from the firm.
Nygaard-Andersen’s resignation has already taken effect, with the gambling firm’s board having assigned non-Executive Director Stella David as Entain’s Interim CEO. David will take over the outgoing CEO’s responsibilities this week and will remain in the interim position until the board is able to appoint a permanent replacement to Nygaard-Andersen.
Entain’s Chair, Barry Gibson, remarked:
“Over the past few years of Jette’s leadership, Entain has been able to execute its strategic transformation of operating in only regulated and actively regulating markets around the world, along with enhancing our operations to provide our players with improved experiences. Her decision to step down from her position comes after we reached an agreement with the HMRC relating to our legacy operations. Jette’s leadership throughout the process of the investigation was invaluable for the company, and we are quite grateful for her dedication.”
This announcement follows shortly after Entain came to a resolution with the UK’s HMRC on the penalty concerning violations of the country’s Bribery Act committed by the management team of the group’s Turkish division, which the operator sold off over half a decade ago in 2017. Entain’s penalty involved a main fine of 585 million pounds and auxiliary costs of 30 million pounds, bringing the total value of the penalty to 615 million pounds.
Entain expands Board with Ricky Sandler
Ricky Sandler has joined Entain as the firm’s latest non-Executive Director.Having a career of more than three decades, the new appointee is an excellent candidate to...
