The CEO of Entain resigns: what changes?

Home » The CEO of Entain resigns: what changes?

The new Entain company is experiencing really frenetic weeksnull After changing the name and company policy only last month, and having received a proposal, at the informal merger with MGM, another news came to shake the environment. The managing director of Entain resigns, in fact, to accept a position of co-cepper for DAZN. Shay Segev had accepted the role of GVC Holding administrator only last July, playing a main role in the great change of the company, which later became ENTAIN.

Dazn, the streaming platform entered the sector for a few years and which at the moment seems to be brightly expanding, has proposed him a truly indispensable role and economic offer and that Entain could not equalize. This is also confirmed by the owner of Entain, Barry Gibson: "We are sorry that Shay has decided to leave us, but we recognize that we cannot match the compensation that have been promised to him.

According to some rumors, however, it seems that the reasons for the resignation of Segev there is also the initial refusal by the London society In accepting MGM's proposal, who had advanced the possibility of a merger with Entain.

Now what will happen?

Obviously, the moment chosen by Segev has certainly not been appreciated by the company listed on the London Stock Exchange, which is now facing a possible economic operation. The joint venture wanders around 11 billion American dollars and would bring truly incredible changes for Entainnull It must be said, however that, at the moment MGM, has not presented any official offer and has time until February 1st.

In the meantime, however, the actions of entain They had a drop of 1.46% after the news of the resignation of Segev, even if the property does not seem particularly worried. "Entain has a wealth of talents throughout his managerial team and the business has never been so strong. The company has created 20 two -digit online growth quarters and our future prospects have been significantly improved by our new strategy, which we defined in November": This is Gibson's thought.

As for the possible merger with the American casino giant MGM Resort International, owner of different structures, including Bellagio and Grand Las Vegas, nothing seems to have changed. In fact, the Board of Directors of Entain seems to be ready to confront each possible scenario. This naturally as long as a formal offer arrives and that the prospects for Entain are of growth.

Segev's satisfaction

Obviously the now former administrator of Entain is electrified by the new adventure that has been offered to him, given that Dazn represents one of the most expanding companies of recent times. Among other things, it also has the exclusive rights on some games of the Maximum American championship. “It is incredible to have the opportunity to guide a company with a global scope and ambition, as well as technology and resources to offer sports in the world" - said Segev -"This role allows me to combine my passion for sport and transformative technology to revolutionize and improve the consumer experience”.

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