Published by Global Banking & Finance Review®
Posted on December 11, 2025
2 min readLast updated: January 20, 2026
Add as preferred source on GoogleEntain's CFO Rob Wood resigns, with IDS's Michael Snape taking over amid financial pressures from UK tax hikes on gambling.
Dec 11 (Reuters) - Britain's Entain on Thursday said Rob Wood will step down from his roles as finance chief and deputy CEO after 13 years with the gambling firm and be replaced by International Distribution Services (IDS) executive Michael Snape next year.
Snape, currently the group CFO at IDS, recently led its de-listing and sale to Czech billionaire Daniel Kretinsky. He brings over two decades of finance leadership experience from large international retailers such as Walgreens Boots Alliance, Tesco and Waitrose.
The leadership change comes weeks after the company disclosed an about 200 million pounds ($267.28 million) after the UK hiked taxes on online gaming and sports betting, putting the whole industry under pressure.
Wood was appointed the deputy CFO in 2018 and assumed the role permanently the following year after former finance chief Paul Bowtell announced his decision to step down from the position.
Entain, which owns the Ladbrokes, Coral and Partypoker brands, also said year to date trading continues to be in line with market expectations of 1.14 billion pounds in annual core profit for FY25.
($1 = 0.7483 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Mrigank Dhaniwala)
A CFO, or Chief Financial Officer, is a senior executive responsible for managing the financial actions of a company, including financial planning, risk management, record-keeping, and financial reporting.
A financial report is a formal record of the financial activities and position of a business, person, or other entity, providing information about the financial performance and financial position.
A leadership change occurs when there is a transition in the management or executive team of an organization, often involving the appointment of new leaders to guide the company.
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