Galaxy Gaming has confirmed that Gavin Isaacs will resign from the company’s board of directors to become the Chief Executive Officer of Entain.
After being named by the FTSE 100 company as its next CEO back in July, Isaacs will step down from the Galaxy Gaming board on 30 August. He will begin his new role on 2 September.
A member of Galaxy Gaming’s board of directors since June 2019, the casino gaming developer and distributor added that it will not immediately replace Isaacs and will instead consider filling the position in the coming months.
“Gavin has been a great asset to the Galaxy Board, and we will miss his presence and sage advice,” commented Mark Lipparelli, Chair of Galaxy’s board of directors.
“He has been an integral part of our success and the company’s growth over his more than five years as a member of the board.
“We have made great progress over that time in positioning the company to pursue many exciting and new opportunities, and Gavin has been a significant contributor to that progress. We thank him for his tremendous insights and expertise, and we wish him the best in his future endeavours with Entain, and anywhere beyond that his journey may take him.”
Bringing over 25 years of experience to Entain from across global sports betting, igaming, gaming and lottery industries, Isaacs has worked in several roles for the likes of Games Global, SB Tech, Scientific Games, DraftKings, SHFL Entertainment, Bally Technologies and Aristocrat Technologies.
Isaacs will be replacing interim CEO Stella David, who will become Chair at the FTSE 100 company, as current Chair Barry Gibson announced his retirement last April.
To provide a smooth transition, Entain has stated that David will work alongside Isaacs before succeeding Gibson as Chair following his retirement on 30 September.
Earlier this month, David stated that Entain’s half-year 2024 results are “clear evidence” that its efforts to improve its operational performance are working.
Following the performance in H1 2024, the company has updated its net gaming revenue guidance, as it now expects FY24 NGR growth on a proforma basis to be low single-digit positive, with group EBITDA expected to be between £1.04bn and £1.09bn.