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Entain Announces Stella David as New Chief Executive Officer

BetMGM's co-owner, Entain, has officially appointed Stella David as their permanent CEO, following her two-month stint as interim CEO.

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Entain Announces Stella David as New Chief Executive Officer

Fresh Take:

Entain welcomes Stella David as its new CEO, setting the stage for the company's fresh chapter. As a shareholder of BetMGM, Entain picked David to fill the interim CEO role temporarily. With five leadership changes under Entain's belt within the past five years, her appointment promises much-needed stability.

David's leadership credentials are solid, having previously held the CEO position and served as the group's chairman. She's no stranger to Entain, stepping in as interim CEO back in 2023 and chairing the group from April 2024 until February 2025.

David expressed her excitement at the prospect of leading Entain, stating, "Entain has a clear strategy, and we are making great strides in strengthening our operational capabilities."

Interim Chair Pierre Bouchut couldn’t agree more, praising David as an experienced leader with a strong record of success across various industries. He emphasized that David played a crucial role in shaping and executing Entain's strategy, delivering continued value for its shareholders.

BetMGM Taps Angstrom for Sportsbooks Boost

Recent financial reports disclose that BetMGM's net revenue grew significantly, climbing from $489 million to $657 million year-over-year. Online sportsbooks revenue alone rose from $116 million to $194 million.

CEO Adam Greenblatt attributed BetMGM's success to its focus on high-value players, which resulted in increased online sportsbook handles by 29% last quarter. The average handle per bettor increased by 27%, while parlay wagers surged almost 5%.

Entain executives remain grateful for their technology partner Angstrom, which played a key part in enhancing BetMGM's online sportsbooks product. Angstrom enabled BetMGM to expand parlay and player prop options, as well as improve live betting and bet slip features.

These enhancements arrived just in time for the peak NFL season, allowing BetMGM to attract and engage more sports bettors.

Fun Facts:

  • Stella David: Before joining Entain as its new CEO, David served as the top boss of William Grant & Sons, a well-known spirits company. She has also chaired C&J Clark Ltd. and served in senior roles at Bacardi Ltd.
  • Norwegian Cruise Lines: Follow Entain's footsteps by embarking on a journey with Norwegian Cruise Lines, which David currently chairs.
  1. In her tenure as CEO of Entain, Stella David, who is also the chair of Norwegian Cruise Lines, is expected to bring the same level of success she demonstrated at William Grant & Sons, a well-known spirits company and at Bacardi Ltd.
  2. Stella David, the incoming CEO of Entain, played a pivotal role in BetMGM's recent growth, as she served as interim CEO in 2023 and continued to chair the group until February 2025. Under her leadership, BetMGM's net revenue surged to $657 million, with online sportsbooks revenue alone reaching $194 million.
  3. As CEO of BetMGM, Adam Greenblatt credits their technology partner Angstrom for enhancing their online sportsbooks product, which led to an increase in parlay and player prop options, improved live betting and bet slip features, thus attracting and engaging more sports bettors, especially during the peak NFL season.
BetMGM's parent company, Entain, has officially named Stella David as their new CEO. Previously, she had been serving as the interim CEO for the past two months.
BetMGM's co-owner, Entain, has officially named Stella David as their new CEO, a role she has been acting in on an interim basis for the past two months.
BetMGM's co-owner, Entain, has formally designated Stella David as their CEO, a position she had been temporarily filling for the past two months.

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