Entain Regulatory News (ENT)

12 March 2024

Entain plc

("Entain" or the "Group")

Board Appointment

Entain plc (LSE: ENT), the global sports betting and gaming group, is pleased to announce the appointment of Ronald J. Kramer as an Independent Non-Executive Director with immediate effect.

The Board has determined that Ronald J. Kramer is independent. In making that determination, the Board have concluded that there are no other relationships or circumstances which are likely to affect his judgement and that any relationships or circumstances which could appear to do so are not considered to be material.

Commenting on Ron's appointment, Barry Gibson, Chairman of Entain, said: "I am delighted to announce the appointment of Ron to the Board. He is a high calibre individual with deep knowledge and expertise of the US gaming industry. I am confident that his appointment will add significant value to the Board and complement our existing Board dynamics, as we continue to deliver our strategy of growth and focus on shareholder value."

About Ronald J. Kramer

Ron brings extensive corporate finance, real estate and gaming industry experiences gained over a 40-year career. He is currently the Chairman and CEO of Griffon Corporation (NYSE:GFF), a diversified management and holding company headquartered in New York, and serves on the Board of Douglas Elliman Inc. (NYSE:DOUG), a leading residential brokerage company.  Ron was previously the President and Director of Wynn Resorts Limited (Nevada:WYNN) between 2002 and 2008. He received a Bachelor of Science from Wharton School of the University of Pennsylvania in 1980 and an MBA from New York University in 1981.

Save as disclosed above, Ronald J. Kramer has not held directorships in any other publicly listed companies, whether in London or overseas, during the previous five years. He does not have relationships with any directors, senior management, substantial or controlling shareholders of the Company. There are no matters that need to be disclosed pursuant to Listing Rule 9.6.13(2) to (6) of the Listing Rules of the Financial Conduct Authority.

Enquiries:

About Entain plc

Entain plc (LSE: 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 30 territories.

Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group has set a science-based target, committing to be carbon net zero by 2035 and through the Entain Foundation supports a variety of initiatives, focusing on safer gambling, grassroots sport, diversity in technology and community projects. For more information see the Group's website: www.entaingroup.com.

Notes for Editors

1. The appointment of Ronald J. Kramer, as a Non-Executive Director was made by the Board on the recommendation of the People & Governance Committee following a search led by the Chairman.

2. The Board determined that Ronald J. Kramer is an independent Non-Executive Director upon appointment in accordance with the UK Corporate Governance Code.

3. The annual fee payable to Ronald J. Kramer as a Non-Executive Director is £95,000.

4. Ronald J. Kramer has been issued with a Letter of Appointment, which may be viewed by contacting the Company Secretary.

5. Following the above change, the composition of the Entain board will be as follows:

· J M Barry Gibson, Chairman of the Board, Chair of the People & Governance Committee and Chair of the Capital Allocation Committee

· Stella David, Interim Chief Executive Officer 

· Rob Wood, Chief Financial Officer and Deputy CEO

· Pierre Bouchut, Senior Independent Director and Chair of the Audit Committee

· Virginia McDowell, Independent Non-Executive Director, Designated Workforce Director, Chair of the Sustainability & Compiance Committee and Chair of the Remuneration Committee

· David Satz, Independent Non-Executive Director

· Rahul Welde, Independent Non-Executive Director

· Amanda Brown, Independent Non-Executive Director

· Ricky Sandler, Non-Executive Director

· Ronald J. Kramer, Independent Non-Executive Director

LEI: 213800GNI3K45LQR8L28