Entain Names Ronald J. Kramer as New Non-Executive Director
LISTEN TO THIS ARTICLE:Entain plc, the global sports betting and gaming company, has announced the appointment of Ronald J. Kramer to the Board as an Independent Non-Executive Director.
Kramer is an industry veteran with nearly forty years of experience in the fields of corporate finance, real estate, and gaming. Currently, he serves as the Chairman and CEO of Griffon Corporation, the management and holding company. One of his previous roles was as President and Director of Wynn Resorts, where he served between 2002 and 2008.
Senior leadership at Entain expressed that Kramer will be an important addition to the boardroom at the business because of the wealth of gaming experience he brings and his ability to help the business achieve its growth strategy. The Board has confirmed Kramer's independence following the appropriate checks, which gives him impartiality and independence in the position.
I am delighted to announce the appointment of Ron to the Board. He is a high-caliber individual with deep knowledge and expertise in 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.
Entain to Sell Non-Core Business PartyPoker
Entain recently disclosed its fourth-quarter and full-year 2023 results, emphasizing plans to divest the PartyPoker brand. The decision aligns with Entain's strategy to concentrate on its core operations, viewing PartyPoker as a non-essential asset.
By divesting PartyPoker, Entain aims to streamline its business model, enhancing efficiency and maximizing value for stakeholders. This move underscores Entain's commitment to strategic portfolio management and optimizing resource allocation. With a focus on core activities, Entain seeks to capitalize on market opportunities and reinforce its position as a leader in the gaming industry.
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