Mr Alexander, through GVC, created Entain through a series of acquisitions which swallowed household names like Ladbrokes and Coral. The gambling group has been searching for a new chief executive since its former boss, Itai Pazner, left in January after launching an internal investigation into the firm’s money-laundering checks for Middle Eastern high-value gamblers.
“While this engagement temporarily interrupted the very thorough search process to appoint a new CEO, the board is finalising its appointment and expects to make an announcement in the very near future.” However, following in-depth regulatory due diligence including engaging closely with the GBGC, the board had no option but to terminate discussions as it simply could not put licences in our largest market at significant risk. Lord Mendelsohn, 888’s chair, said: “As a board we devoted significant time to considering FS Gaming’s proposal.
