Shay Segev
Shay Segev | |
|---|---|
| Born | February 1976  |
| Alma mater | |
Shay Segev (born 1976) is a business executive in the technology sector and the CEO of DAZN, the over-the-top (OTT) sports subscription streaming service. Described by Gaming Intelligence as a tech “futurist”,[1] 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
[edit]Segev obtained an MBA from Northwestern University - Kellogg School of Management in 2005.[2]
Career
[edit]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] Segev is credited with finding €125 million in cost synergies, transforming the business and returning it to growth.[8]
In March 2018, GVC Holdings acquired Ladbrokes Coral, Segev's former company, and was responsible for the integration of the two businesses.[9]
In 2018, Segev was instrumental in establishing the joint venture between MGM Resorts and GVC, as it was then. He joined the board of BetMGM (Roar) in this capacity.[10]
In July 2020, Segev succeeded Kenny Alexander as CEO following his departure after thirteen years in the post.[11] As CEO, Segev unveiled a new corporate identity,[12] which saw the company change its name from GVC Holdings to Entain plc and unveil a new strategy centred on growth and sustainability.[13]
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".[14][15]
In January 2021, it was announced that Segev will join DAZN, the OTT subscription video streaming service owned by billionaire Len 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". In January 2022, Segev was appointed the sole CEO of DAZN.[16]
In September 2022, Segev announced that DAZN would acquire ELEVEN Sports and Team Whistle.[17]
Awards
[edit]Segev has appeared in the Gaming Intelligence Hot 50 more times than anyone else.[18]
References
[edit]- ^ "Why did Shay Segev quit Entain?". Gaming Intelligence. Retrieved 2021-02-11.
- ^ "European Graduates | Northwestern University - Kellogg School of Management". graduates.name. Retrieved 2021-02-08.
- ^ "Shay Segev's email & phone number - Chief Executive Officer at Entain". SignalHire. Retrieved 2021-02-08.
- ^ "Mor Weizer on Playtech's decade in the Hot 50". Gaming Intelligence. Retrieved 2021-02-08.
- ^ "Playtech :: Shay Segev assigned CEO of Playtech Retail". www.playtech.com. Retrieved 2021-02-08.
- ^ "Shay Segev joins Gala Coral as chief strategy officer". Gaming Intelligence. 2015-07-02. Retrieved 2021-02-08.
- ^ "GVC appoints Shay Segev to lead bwin.party merger integration as new COO". SBC News. 2015-11-30. Retrieved 2021-02-08.
- ^ "Resuscitating bwin.party". Gaming Intelligence. Retrieved 2021-02-11.
- ^ Narayan, Niji (2020-07-17). "GVC Announces CEO Keith Alexander's Retirement". European Gaming Industry News. Retrieved 2021-02-08.
- ^ Murphy, Chris (2020-03-09). "Shay Segev: GVC has all the ingredients to lead in the US market". SBC Americas. Retrieved 2021-02-11.
- ^ Partridge, Joanna (21 July 2020). "HMRC widens investigation into Ladbrokes owner GVC". The Guardian. Retrieved 21 July 2020.
- ^ Sprung, Shlomo. "GVC Holdings Renamed Entain; CEO Shay Segev Talks BetMGM Growth, U.S. Expansion, Long-Term Sustainability". Forbes. Retrieved 2021-02-08.
- ^ "Bombshell for Ladbrokes and Coral owner Entain as chief Shay Segev quits | Horse Racing News | Racing Post". www.racingpost.com. Retrieved 2021-02-08.
- ^ Walsh, Dominic. "Shay Segev quits Ladbrokes owner in middle of £8bn takeover battle". ISSN 0140-0460. Retrieved 2021-02-08.
- ^ "MGM Resorts drops bid for UK owner of Ladbrokes and Coral". the Guardian. 2021-01-19. Retrieved 2021-02-08.
- ^ Ravindran, Manori (January 17, 2022). "DAZN Rejigs Leadership, Appoints Shay Segev as Sole CEO".
- ^ "DAZN pushes global growth ambitions with acquisition of Eleven Group and Team Whistle". SVG Europe.
- ^ "Shay Segev on GVC's past and Entain's future". Gaming Intelligence. Retrieved 2021-02-08.