Tag Archives: Barry Gibson

Entain Plc remains focused on accelerating operational efficiency, aiming to return its business to growth by 2025. Publishing its Q1 2024 trading update, the FTSE100 gambling group stated that its “performance aligned with expectations,” with leadership prioritising operational performance improvements to drive organic growth. Period trading saw group net gaming revenues (NGR), including the BetMGM JV, increase by 6% on …

Entain Plc has informed markets that Chairman Barry Gibson will resign from all corporate governance duties by the end of September 2024. Gibson will be succeeded by current interim Chief Executive Stella David, who may take over boardroom leadership duties earlier depending on the timing of the appointment of a permanent Group CEO. The announcement sees Gibson end his four-year …

The board of Entain Plc has announced the appointment of Ronald J. Kramer as a new Independent non-executive director (NED) of the FTSE 100 gambling group with immediate effect. An expert in corporate finance and asset management, Kramer is the current Chairman and CEO of Griffon Corporation (NYSE:GFF), a diversified management and holding company headquartered in New York. During his …

Entain Plc has closed its full-year 2023 accounts declaring corporate losses (after tax) totalling £879m as group leadership proceeds with its transformation programme evaluating the firm’s brand portfolio, capital allocation and operating structures The LSE-listed gambling group announced its FY2023 results this morning, reporting that “results are in line with expectations and leadership is committed to improving operational execution to …

Entain has appointed Ricky Sandler to its board of directors in a bid to improve investor relations and maximise shareholder value.  Sandler – founder of a global investment management organisation Eminence Capital – has been vocally critical of the FTSE 100 gambling group’s strategy in 2023. He will also join Entain’s People & Governance and Capital Allocation committee, both with …

Entain has announced further appointments with immediate effect shortly following its announcement of Stella David becoming Interim CEO. The global sports betting and gaming giant has firstly named Pierre Bouchut as its new Senior Independent Director. Meanwhile, Virginia McDowell now officially becomes Chair of the Remuneration Committee, and Barry Gibson – who currently serves as Chairman of the company – …

Entain Plc has this afternoon announced that it has reached a definitive settlement on its Deferred Prosecution Agreement (DPA) with the Crown Prosecution Service (CPS), concerning the bribery investigation by HM Revenue & Customs (HMRC) of its Turkish-facing business. Terms of the settlement were approved by Dame Victoria Sharp, President of the King’s Bench Division at the Royal Courts of …

Entain Plc has reached an ‘in principle’ agreement with the Crown Prosecution Service (CPS) to resolve its Deferred Prosecution Agreement (DPA) concerning the investigation by HM Revenue & Customs (HMRC) of its former Headlong Turkish business. This afternoon, Entain informed investors of obtaining preliminary judicial approval from Dame Victoria Sharp, President of the King’s Bench Division, to finalise a £585m …

Entain Plc has notified stakeholders of major share purchases initiated by leadership and board members as a sign of confidence in the long-term prospects of the FTSE100 gambling group.  A notification of share transactions on 8 November detailed that Chairman Barry Gibson had purchased 93,600 Entain shares. The transaction, valued at approximately £870,000, sees Gibson increase his personal shareholding in …

Regulatory difficulties have dogged Entain’s Q3 performance significantly according to the group’s leadership, particularly in Germany and the UK with the group facing an ongoing HMRC investigation in the latter. Expect headlines…. In his address to investors following publication of the company’s Q3 results, group Chairman Barry Gibson informed that Entain will go before the courts during Q4 and expects …