Entain plc (LON:ENT), the global sports betting and gaming group, has announced the appointment of Ricky Sandler as a Non-Executive Director with immediate effect.
Mr. Sandler is the founder, Chief Executive Officer and Chief Investment Officer of Eminence Capital LP, a global investment management organisation.
Mr. Sandler will also become a member of the Company’s People & Governance and Capital Allocation committees. As a member of the People and Governance committee, Entain and Mr. Sandler will work together to identify an additional Non-Executive Director mutually agreeable to Eminence and the company.
Barry Gibson, Chairman of Entain Plc, said: “I am pleased to welcome Ricky to the Board of Entain. Ricky has a deep knowledge of our business and a firm belief in the quality of our operations and substantial growth opportunities. We look forward to benefiting from his perspectives and expertise as we work to drive value for all Entain shareholders.”
Ricky Sandler said: “Entain is a robust business with market-leading brands, a unique technology platform, and enviable positions in key geographies around the world. I look forward to working with my fellow directors to help Entain achieve long-term success and create lasting value for its shareholders.”
Corporate Governance Information
Under the provisions of the UK Corporate Governance Code, Mr. Sandler will not be considered an independent Non-Executive Director.
In connection with his appointment, the Company, Eminence Capital and Mr. Sandler have entered into a relationship agreement, including customary governance, standstill and voting provisions. A summary of the main terms of the agreement is available at www.entaingroup.com/about-entain/corporate-governance/ned-relationship-agreement/
Entain plc (LON: ENT) is a FTSE100 company and is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.
The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK and is the only global operator to exclusively operate in domestically regulated or regulating markets operating in over 40 territories.
