Home Business Ladbrokes-owner Entain strains up first girl to run listed UK playing group | Enterprise Information-Autopresse.eu

Ladbrokes-owner Entain strains up first girl to run listed UK playing group | Enterprise Information-Autopresse.eu

Ladbrokes-owner Entain strains up first girl to run listed UK playing group | Enterprise Information-Autopresse.eu

Ladbrokes-owner Entain strains up first girl to run listed UK playing group | Enterprise Information

2021-01-14 19:22:00

The proprietor of Ladbrokes is lining up the primary feminine chief government of a serious quoted British playing group because it tries to defend itself in opposition to an £8bn takeover strategy from the US on line casino big MGM Resorts.

Sky Information has learnt that Entain – which till just lately was often called GVC Holdings – is in superior talks to nominate Jette Nygaard-Andersen as its subsequent chief government.

Ms Nygaard-Andersen, a Dane, is already a non-executive director on Entain’s board.

Folks near the FTSE-100 gaming operator mentioned {that a} deal to nominate her as its new CEO had not but been concluded however that it was prone to be introduced as quickly as subsequent week.

Entain’s must swiftly recruit its subsequent chief has been created by the simultaneous takeover supply from MGM and the sudden resignation this week of Shay Segev, who solely took the helm final summer season.

Mr Segev is leaving Entain to affix DAZN, the sports activities streaming platform.

If the appointment of Ms Nygaard-Andersen does materialise, it might mark the primary time that one of many UK’s greatest listed playing teams has had a feminine boss.

Bet365, the privately owned on-line bookmaker, is run by Denise Coates, one of many best-paid bosses in Britain.

Ms Nygaard-Andersen spent greater than 15 years in high government roles at Fashionable Occasions Group, a listed leisure firm with a powerful presence in Scandinavia and central Europe.

She has additionally labored at AP Moeller-Maersk, the Danish logistics group.

Sources mentioned the talks concerned naming Ms Nygaard-Andersen as Entain’s everlasting, quite than interim, CEO.

If her appointment is confirmed, it may however show to be as short-lived a stint as that of her predecessor.

It emerged final week that MGM Resorts, proprietor of Las Vegas’s well-known Bellagio on line casino, had made a suggestion for Entain valued at 1383p-a-share.

The proposal was rejected by Entain’s board – led by Barry Gibson, its chairman – on the idea that it “considerably undervalued” the British firm.

Entain owns sports activities betting manufacturers similar to bwin, Coral, Eurobet, Ladbrokes and Sportingbet.

It additionally counts digital gaming manufacturers similar to PartyPoker and Cunning Bingo as a part of its steady.

Entain has been galvanised by its digital transformation lately, and has seen its shares soar by greater than half over the past 12 months.

On Thursday, its shares closed at 1405p, giving it a market worth of £8.14bn.

A flurry of mergers and takeovers within the sector, buoyed by the liberalisation of playing legal guidelines within the US, has seen Entain’s rival, William Hill, conform to be purchased by on line casino operator Caesars Leisure.

An Entain spokesman mentioned on Thursday night {that a} determination about Mr Segev’s successor had but to be made.

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