Entain, one of the world’s leading online gambling companies, has experienced a strong bounce back in growth under the leadership of its new CEO, Shay Segev. The company, formerly known as GVC Holdings, has seen a surge in online gambling activity in recent months, as the COVID-19 pandemic has forced people to stay home and seek entertainment online.
Segev, who took over as CEO in July 2020, has wasted no time in implementing a strategic plan to drive growth and profitability for the company. His background in technology and online entertainment has been instrumental in leading Entain through this challenging time.
The company’s online gambling revenue has increased significantly in the past year, with a 27% rise in net gaming revenue in the third quarter of 2020 alone. This growth can be attributed to a combination of factors, including the launch of new products and features, as well as increased marketing efforts to attract new customers.
Entain’s strong performance in online gambling has also been bolstered by its expansion into new markets. The company has recently entered the US market, following the legalization of online sports betting in several states. This move has proven to be successful, with revenue from the US market increasing by 131% in the third quarter of 2020.
In addition to its success in online gambling, Entain has also made strides in promoting responsible gambling practices. The company has implemented various measures to protect vulnerable customers and prevent problem gambling, such as self-exclusion options and responsible gambling tools.
Segev’s leadership and strategic vision have been key to Entain’s success in recent months. He has focused on innovation and customer experience, investing in new technologies and products to enhance the company’s offerings and stay ahead of the competition.
Looking ahead, Entain is well-positioned for further growth and success in the online gambling industry. With Segev at the helm, the company is poised to continue its upward trajectory and solidify its position as a global leader in online gambling.
