Facebook Twitter Instagram
    CasinoDada
    • Home
    • Betting
    • Casino
    • Gambling
    • How-To
    • Poker
    • Sport Gambling
    Facebook Twitter Instagram
    CasinoDada
    Home » Entain Share Price Jumps 5% Following CEO Resignation
    Betting

    Entain Share Price Jumps 5% Following CEO Resignation

    By Casino Dada TeamDecember 14, 2023No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    [ad_1]

    Person packing up office belongings

    Entain’s chief government Jette Nygaard-Andersen has stepped down with quick impact following a turbulent interval for the playing group. [Image: Shutterstock.com]

    Traders welcome the information

    The under-fire chief government of playing group Entain has resigned. Traders have made their emotions identified in latest weeks about Jette Nygaard-Andersen’s management and the corporate’s share worth jumped 5% following the announcement on Wednesday morning.

    previous two chief executives have been inner appointments

    Non-Government Director Stella David will step in because the interim CEO, with the previous two chief executives being inner appointments. Entain Chairman Barry Gibson thanked Nygaard-Andersen for her “dedication to steering the corporate by means of such a troublesome time.”

    The time is true

    Explaining the reasoning behind her quick resignation, Nygaard-Andersen stated that the corporate is now “protected, steady, and sustainable” following the latest settlement over a historic bribery scandal and it’s good timing for her to pursue different alternatives. Entain agreed final week to pay £585m ($732m) to the UK tax authorities over the previous transgressions in Turkey.

    Entain’s share worth has dropped 47% over the previous couple of years, making it the fourth worst-performing firm by way of whole shareholder returns within the FTSE 100. The corporate has rejected two takeover provides over the previous few years, with US playing firms DraftKings and MGM Resorts Worldwide each making approaches.

    A pricey interval

    Jette Nygaard-Andersen grew to become Entain’s CEO in January 2021, making her the first-ever feminine CEO of a betting firm with a UK itemizing. She led the best way on 11 completely different acquisitions, which added as much as over £2bn ($2.5bn). A few of these acquired operations are not working and buyers have questioned the method to mergers and acquisitions.

    Entain owns standard playing manufacturers like Coral and Ladbrokes, and collectively owns US operator BetMGM.

    Its prices additionally elevated considerably throughout her time on the helm, with the administration beginning to use non-public jets to get to many conferences. Based on the Monetary Instances, some audit and finance group staff gave her the nickname “Personal Jette.”

    [ad_2]

    Source link

    Related posts:

    1. Which States Will Legalize It Next?
    2. EPL Sleeve Sponsorships Could Hit Front-of-Shirt Prices
    3. Shane Pinto Gets 41-Game Ban by NHL for Gambling
    4. DraftKings Rules Maine’s $37m Sports Betting Debut Month
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Casino Dada Team
    • Website

    Related Posts

    Miami Beach Owner Pours Money into Donations for Casino

    January 16, 2024

    Malta Gaming Authority Strips Genesis Global of Its License

    January 16, 2024

    Upsets and Huge Parlays Headline NFL Wild Card Betting

    January 15, 2024

    Casino Workers Worried About CES Robot Demonstrations

    January 15, 2024

    Recent Posts

    • Miami Beach Owner Pours Money into Donations for Casino
    • Malta Gaming Authority Strips Genesis Global of Its License
    • Upsets and Huge Parlays Headline NFL Wild Card Betting
    • Casino Workers Worried About CES Robot Demonstrations
    • IGT Ends Its UK National Lottery License Legal Challenge

    Recent Comments

    No comments to show.

    Archives

    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • August 2022
    • May 2022

    Categories

    • Betting
    • Bingo
    • BlackJack
    • Casino
    • Gambling
    • How-To
    • Lottery
    • News
    • Poker
    • Slot
    • Sport Gambling
    • Tips-Guides
    • Uncategorized
    • Home
    • Bingo
    • BlackJack
    • Blockchain
    • Online Lotteries
    © 2025 CasinoDada.com. All Right Reserved. Designed and Developed by WebEntrepreneurs4U

    Type above and press Enter to search. Press Esc to cancel.