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Entain CEO resigns days after Ladbrokes owner rejected MGM approach Toggle share menu
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Entain CEO resigns days after Ladbrokes owner rejected MGM approach Ladbrokes-owner Entain Plc said on Monday its Chief Executive Officer Shay Segev would leave the company, days after the gambling firm rejected an US$11 billion takeover approach from U.S. casino operator MGM Resorts International.
FILE PHOTO: A pedestrian walks past a branch of Ladbrokes in London, Britain December 22, 2017. REUTERS/Simon Dawson
11 Jan 2021 03:38PM Share this content
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REUTERS: Ladbrokes-owner Entain Plc said on Monday its Chief Executive Officer Shay Segev would leave the company, days after the gambling firm rejected an US$11 billion takeover approach from U.S. casino operator MGM Resorts International.
Ladbrokes owner Entain CEO quits days after snubbing MGM approach By Tanishaa Nadkar
FILE PHOTO: A pedestrian walks past a branch of Ladbrokes in London
(Reuters) – Ladbrokes owner Entain said on Monday its Chief Executive Officer Shay Segev was leaving the gambling firm after just seven months in the role, a surprise move after the company last week rejected an $11 billion approach from MGM Resorts International
Segev, who will remain in his current role for six months or until a successor is in place, will join global sports streaming platform DAZN as co-CEO. He said MGM’s approach had no bearing on his decision to leave.