Barry Gibson, the chairman at the time, made a statement on behalf of Entain regarding this case, saying: "This legacy issue is related to the business divested by the previous management team six years ago. Since then, the company has undergone significant transformations, and the DPA process has highlighted the profound evolution from the past GVC to today's Entain."
"We remain focused on advancing our business within regulated markets and are recognized as a leading, responsible entity with unparalleled corporate governance across the business."
Although the operator hopes that this settlement will fully resolve the case, the consequences seem to be highlighted again as investors actively seek compensation.
With Gavin Isaacs taking over as CEO, Entain will enter a new era of leadership starting from September, with overall positive performance in the first half of the year, leading the company to raise its full-year performance forecast for 2024.
Interim CEO Stella David welcomed Isaacs to his new position and reviewed the company's start to the year: "Our focused execution has supported the group's performance so far this year, and we are excited about the opportunities ahead," she said. "I look forward to welcoming Gavin Isaacs as our new CEO and supporting him as he continues to consolidate the group's continuously improving operational momentum."
