Shay Segev

Shay Segev (born 1976) is an Israeli business executive in the technology sector and the co-CEO of DAZN, the over-the-top (OTT) sports subscription streaming service. Segev is the former chief executive of Entain plc, previously GVC Holdings, a global sports betting and gambling company listed on the London FTSE 100 index. Before that he was chief operating officer of Playtech, a gambling software development company listed on London's FTSE 250.

Early life and education

Shay Segev was born in Israel. Segev attained a Bachelor of Applied Science in Computer Science from Tel Aviv University, graduating in 2001[1] and a MBA from Northwestern University - Kellogg School of Management in 2005.[2]

Career

From 1994 to 1998, Segev worked as a computer engineer in the Israel Defense Forces, before joining software provider Comverse Technology in 1998 to manage the R&D for their mobile messaging applications.[3]

Segev left Comverse in 2004 to become chief technology officer of Mercury Interactive, a software company developing business technology optimization solutions for the IT industry. In 2006, Segev joined Videobet, a subsidiary of gambling software company Playtech, as chief operating officer.[4] Segev became chief operating officer of parent company Playtech in 2011 and CEO of its retail subsidiary. Segev joined the Gaming Standards Association as a board member at the same time.[5]

In July 2015, Segev joined Gala Coral Group as chief strategy officer.[6] In 2016, he joined GVC Holdings as COO to lead the merger between GVC and bwin.party.[7]

In March 2018, GVC Holdings acquired Ladbrokes Coral, Segev's former company, and was responsible for the integration of the two businesses.[8]

In July 2020, Segev succeeded Kenny Alexander as CEO following his departure after thirteen years in the post.[9] As CEO, Segev unveiled a new corporate identity[10], which saw the company change its name from GVC Holdings to Entain plc and unveil a new strategy centred on growth and sustainability.[11]

In 2021, Entain's joint venture partner MGM Resorts tried to acquire Entain for $11 billion. The offer was rejected by Segev and the board on the basis that it “significantly undervalue[d] the company and its prospects”.[12][13]

In January 2021, it was announced that Segev will join DAZN, the OTT subscription video streaming service owned by billionaire Sir Leonard Blavatnik, as co-CEO. DAZN Chairman John Skipper said Segev will bring “vast technology and operations experience to the role as well as an impressive track record in digital transformation”. DAZN was described by the Evening Standard as one of the United Kingdom's few tech "unicorns".

On 21 January 2021, Entain announced that Jette Nygaard-Andersen, who had been a non-executive director, would succeed Segev.[14]

Awards

Segev has appeared in the Gaming Intelligence Hot 50 more times than anyone else.[15]

References
  1. "Shay Segev - COO @ Playtech - Crunchbase Person Profile". Crunchbase. Retrieved 2021-02-08.
  2. "European Graduates | Northwestern University - Kellogg School of Management". graduates.name. Retrieved 2021-02-08.
  3. "Shay Segev's email & phone number - Chief Executive Officer at Entain". SignalHire. Retrieved 2021-02-08.
  4. "Mor Weizer on Playtech's decade in the Hot 50". Gaming Intelligence. Retrieved 2021-02-08.
  5. "Playtech :: Shay Segev assigned CEO of Playtech Retail". www.playtech.com. Retrieved 2021-02-08.
  6. "Shay Segev joins Gala Coral as chief strategy officer". Gaming Intelligence. 2015-07-02. Retrieved 2021-02-08.
  7. "GVC appoints Shay Segev to lead bwin.party merger integration as new COO". SBC News. 2015-11-30. Retrieved 2021-02-08.
  8. Narayan, Niji (2020-07-17). "GVC Announces CEO Keith Alexander's Retirement". European Gaming Industry News. Retrieved 2021-02-08.
  9. Partridge, Joanna (21 July 2020). "HMRC widens investigation into Ladbrokes owner GVC". The Guardian. Retrieved 21 July 2020.
  10. Sprung, Shlomo. "GVC Holdings Renamed Entain; CEO Shay Segev Talks BetMGM Growth, U.S. Expansion, Long-Term Sustainability". Forbes. Retrieved 2021-02-08.
  11. "Bombshell for Ladbrokes and Coral owner Entain as chief Shay Segev quits | Horse Racing News | Racing Post". www.racingpost.com. Retrieved 2021-02-08.
  12. Walsh, Dominic. "Shay Segev quits Ladbrokes owner in middle of £8bn takeover battle". ISSN 0140-0460. Retrieved 2021-02-08.
  13. "MGM Resorts drops bid for UK owner of Ladbrokes and Coral". the Guardian. 2021-01-19. Retrieved 2021-02-08.
  14. Jolly, Jasper (21 January 2021). "Ladbrokes owner Entain appoints female chief executive". The Guardian. Retrieved 21 January 2021.
  15. "Shay Segev on GVC's past and Entain's future". Gaming Intelligence. Retrieved 2021-02-08.


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