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The Guardian - UK

Business

Julia Kollewe

CEO of Ladbrokes owner Entain steps down after five months in role

Entain Gavin Isaacs Ladbrokes Stella David AUSTRAC

Entain said annual profits would come in at the top end of forecasts. Photograph: Pavlo Gonchar/SOPA Images/REX/Shutterstock

The chief executive of Entain has left the business in a surprise move just five months after joining the owner of bookmakers Ladbrokes and Coral.

Britain’s biggest bookmaker said Gavin Isaacs was leaving by mutual agreement, and with immediate effect. Entain’s share price fell by nearly 11% on the news.

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