What is the main topic?

The article discusses the resignation of Entain's CEO Gavin Isaacs and its impact on the company's shares and future.

Why did Entain's shares drop?

Entain's shares dropped by 12% following the sudden resignation of CEO Gavin Isaacs, raising concerns about leadership stability.

Who is the interim CEO of Entain?

Stella David has been appointed as the interim CEO of Entain following Gavin Isaacs' resignation.

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Home > Finance > Ladbrokes owner Entain shares tumble after CEO abruptly steps down

Finance

Ladbrokes owner Entain shares tumble after CEO abruptly steps down

Published by Global Banking & Finance Review®

Posted on February 11, 2025

2 min read

Last updated: January 26, 2026

Entain CEO Gavin Isaacs resigns, causing shares to drop 12% - Global Banking & Finance Review — The image illustrates the sudden resignation of Entain CEO Gavin Isaacs, highlighting the impact on the company's shares, which fell by 12%. This event raises concerns for investors in the finance sector.

Entain CEO Gavin Isaacs Resigns, Shares Plunge 12%

By Yamini Kalia and Yadarisa Shabong

(Reuters) -British bookmaker Entain on Tuesday announced the sudden departure of CEO Gavin Isaacs after just five months in the role, sending shares 12% lower.

The company, which owns Ladbrokes and Coral, did not give a reason for Isaacs' departure, saying merely it was by "mutual agreement". It named non-executive chair Stella David as interim CEO.

David also temporarily stepped into the CEO role after the abrupt departure of Entain's previous CEO Jette Nygaard-Andersen in December 2023, following reports of shareholder and investor dissatisfaction.

According to Davy Research analysts, who spoke to Entain, there were "unreconcilable differences" between Isaacs and the board despite their alignment on group strategy.

Entain declined to give further details, and Isaacs did not immediately respond to Reuters' request for comment on LinkedIn.

Isaacs, 60, an American veteran in the sports betting and gaming industry, was previously a board member at U.S.-based DraftKings, which walked away from a $22 billion buyout bid for Entain in 2021.

Shares of the FTSE 100 firm, now valued at 4.76 billion pounds ($5.89 billion), fell as much as 12% on Tuesday, and are down 70% from a record high hit in 2021.

Analysts are concerned that the absence of a permanent head might make Entain a takeover target from overweight rivals and private equity outfits.

CRITICAL POINT

"Entain is at a critical point in its turnaround journey, so the timing of this is unfortunate and will likely cause investor concerns, particularly with an outstanding regulatory issue," Davy Research analyst Paul Ruddy said in a note.

In December, Entain was hit with legal proceedings from Australia's financial crime watchdog, which alleged breaches of the country's anti-money laundering and counter-terrorism financing laws.

The company has also been focusing on expanding margins, returning to organic revenue growth and winning share in the U.S., a crucial market for gambling firms.

Entain had forecast annual profit would be at the top end of its expectations in January. It will report full-year results on March 6.

($1 = 0.8087 pounds)

(Reporting by Yadarisa Shabong, Yamini Kalia and Pushkala Aripaka in Bengaluru; Editing by Mrigank Dhaniwala and Christina Fincher)

Ladbrokes owner Entain shares tumble after CEO abruptly steps down

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Entain CEO Gavin Isaacs Resigns, Shares Plunge 12%

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