BetMGM's co-owner Entain appoints Stella David as Permanent CEO, marking her fourth CEO in a span of five years for the company.
Gambling Giant Entain appointed Stella David as the New Permanent CEO
🔗 The Independent
Entain, the FTSE 100-listed gambling company behind brands like Ladbrokes, Coral, and BetMGM, has officially made Stella David its permanent chief executive. The move comes after David served as interim CEO, filling in for Gavin Isaacs who left the position just five months after taking over.
Before Isaacs, it was Jette Nygaard-Andersen, another Danish businesswoman who abruptly resigned in December 2023 amid reports of shareholder discontent.
Over the past few years, Entain's stock market value has taken a hit due to a string of legal issues.
Stella David has an impressive leadership resume, having served as CEO of WM Grant & Sons, chair of Norwegian Cruise Lines, and holding senior roles at Bacardi. Her background spans various industries, making her a formidable presence in the gambling sector as well.
The board at Entain expresses confidence in David's abilities to lead the company, citing her ability to strategize and drive growth—particularly in the U.S. market through the joint venture with BetMGM. David's interim tenure so far has been marked by strong financial results, including a substantial revenue increase in the first quarter of 2025.
David's appointment is expected to provide much-needed continuity and stability as Entain pursues its growth plans. So far, stockholders seem to be on board, with the company's stock price showing steady gains since the announcement.
- Jette Nygaard-Andersen, Entain's previous CEO, resigned in December 2023, following reports of shareholder discontent.
- Stella David, who has held senior roles at Bacardi and served as CEO of WM Grant & Sons and chair of Norwegian Cruise Lines, is expected to drive growth at BetMGM, a joint venture between Entain and another gambling company.
- Nygaard, the former interim CEO of BetMGm, may have resigned due to the challenges facing Entain's finance and business sectors, as the company's stock market value has taken a hit due to a string of legal issues.
