Entain Chief Executive Officer Leaves The Company

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March 11, 2022
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Entain PLC CHIEF Executive Officer Leaves The Company

Entain plc, global sports group and games, previously known as gvc holdings plc, announced that shai seguev, chief executive officer entain, notified his intention to leave the company to become the soci-general director of dazn, a private global sports streaming platform.

Shey has a six-month period, and he will remain on his current position during this period or until the successor is appointed, which is actively looking for the board.

Barry gibson, chairman entain, said:

"We are a pity that shey decided to get away from us, but we recognize that we cannot meet the bonuses promised to him".

"Entain has a huge number of talents in his guiding team, and the business has never been stronger. The company demonstrated growth for 20 quartsem, exprested by double digits, and our prospects for the future have improved significantly due to our new strategy that we outlined in november. We built a truly global business, fully based on our own technologies and offering best-in-class entertainment services in more than 20 countries with national licenses ".

"I can confirm that this does not change anything regarding the opinion of the recent sentence of mgm resorts international about the acquistion of entain. The board of directors unanimously believees that this proposal underestimates the company and its prospects ".

Shai segev, general director entain, said:

"It will be sad to leave the company five years later, but i was offered a role that i will give me completely different opportunities. Entain is in excellent form after successful launch of a new strategy. I also want to emphasize that a recent interest from mgm resorts absolutely did not affect my decision, and i fully support the decision of the board to reject their proposal. Entain has an excellent leader team and an exciting future ahead due to its growth strategy and sustainability, and i will do everything in my power to continue to support the company.

Source: entain official website

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