Entain adds activist Ricky Sandler to the board

Global sports-betting operator Entain is adding activist Ricky Sandler to its board, just days after the company announced that its CEO Jette Nygaard-Andersen is stepping down.

According to reports, Sandler – the founder of Eminence Capital – joins the board after activist investors took a position in the company.
Groups such as Sached Heam Capital and Dendur Capital have accumulated stakes in the company due to worries about the company’s sales in primary markets such as the UK.
The investment was aimed at placing Sandler in a position to leverage further board positions, according to reports.
Corvex Management, another activist investor, also announced it has acquired some 4.4 percent of Entain’s shareholding, noting that further efforts are still required despite the recent departure of the CEO Jette Nygaard-Andersen.

https://agbrief.com/news/elsewhere/14/12/2023/entains-chief-executive-jette-nygaard-andersen-steps-down/

Keith Meister, founder of Corvex and board member of MGM Resorts and BetMGM, was slotted for a board position on Entain, but the company decided against it due to a possible conflict of interest.

Board appointments Latest news Entain MGM Resorts BetMGM Jette Nygaard-Andersen

Accelerating currency drop of renminbi pressures Macau tourism market
_2025-01-07UN report reveals growing presence of organized crime in pacific islands casino projects
_2025-01-06Macau GGR to grow 8% in 2025, backed by increasing travel spending: Goldman Sachs
_2025-01-03The overnight disappearance of 8XBet: a brand shrouded in controversy
_2025-01-02Macau’s gaming industry on track for strong 2025 kickoff: Citigroup
_2025-01-02China's president urges Macau to continue diversification drive away from gaming
_2024-12-20

Open in new window
View settings