CEO of Ladbrokes Owner Entain Steps Down as Activists Circle
- BetMGM half-owner shares had slipped despite US betting boom
- Activists including Eminence Capital had criticized management
This article is for subscribers only.
The chief executive officer of Entain Plc, the gaming company that owns Ladbrokes and half of the BetMGM joint venture, is standing down following pressure from activist investors and a weak stock performance.
Jette Nygaard-Andersen will be replaced on an interim basis by Stella David, currently a non-executive director, starting this week, the company said in a statement on Wednesday.