Entains Australian Boss Resigns

[Chief Stipe]

Shannon steps down as Entain Australia boss

www.racenet.com.au

Entain Australia boss Dean Shannon has announced he is stepping down from his role at the helm of the business from June 30.

Shannon, a pioneer and highly respected figure in wagering circles, said the decision to depart was to allow Entain Australia and New Zealand the chance to enter a new phase, declaring "it was the right time for change".

During Shannon's tenure as the boss of Entain Australia, returns to industry from the organisation have flourished, securing partnerships north of $50 million, with wagering brands Ladbrokes and Neds at the forefront of some of the three racing code's major events and initiatives.

 

Clinton Payne - Last 28 Days

• PUNT LIKE A PRO: Become a Racenet iQ member and get expert tips – with fully transparent return on investment statistics – from Racenet's team of professional punters at our Pro Tips section. SUBSCRIBE NOW!

In announcing the departure, Stella David, Group CEO of Entain, thanked Shannon for his service.

"We thank Dean for his significant contribution to Entain, and for managing the Australian and New Zealand businesses," David said.

"The growth and integration of Neds and Ladbrokes into our global portfolio of podium position brands has been a particular highlight and he has more recently delivered what we believe is a market leading compliance program in Australia.

"As the Australian business enters its next phase, we will continue to demonstrate our commitment to compliance and responsibly deliver great products to our customers."

With Shannon set to depart at the end of the month, respected wagering figure Andrew Vouris has been appointed Interim CEO.

Vouris brings a wealth of knowledge into the role, boasting more than 17 years of leadership experience in wagering, operations and innovation at some of Australia's biggest wagering operators, including Tabcorp and Entain.

Interim Entain Australia boss Andrew Vouris.

READ: ‘He runs times that other horses can't': Lee brothers' next big hope

In his time at Tabcorp, Vouris played a key role in managing complex regulatory and compliance matters, including the response to Tabcorp's AUSTRAC proceedings in 2017.

Shannon's departure comes as Entain Australia reaches the pointy end of its own legal fight with AUSTRAC, taken to Federal Court over alleged breaches of "serious non-compliance with Australia's money laundering laws."

The exit of Shannon from the business draws the curtain on a 13-year association with the Ladbrokes brand.

Back in 2012, Shannon launched startup corporate bookmaker Bookmaker.com.au before selling it a year later to Ladbrokes which served as the international brand's entry point into the robust Australian market.

Five years later, Shannon then founded Neds.com.au which found a niche market in sports and racing betting, before it was also sold to the owners of Ladbrokes, consolidating its place in the Australian market.

Part of the Neds transaction in 2017 saw Shannon take the reins as boss of the Australian business for Entain where it has enjoyed significant market growth during that time.

Entain Australia has commenced the search for a permanent CEO.

[Bill]

Entain is completely cast

[Chief Stipe]

14 minutes ago, Bill said:

Entain is completely cast

Not sure what you mean.  Can you elaborate?

[Chief Stipe]

Why is it "not good" @SLB2.0 ?