Shay Segev won’t lead Entain into a possible merger with MGM Resorts worth more than $11 billion. The current CEO has handed in his notice after being offered a new position at sports streaming platform DAZN.

Entain CEO Shay Segev has handed in his notice following a lucrative offer from sports streaming company DAZN. (Image: The Financial Times)

Entain hit the headlines last week when it confirmed MGM Resorts had made a takeover offer worth $11 billion. The informal proposal was rejected but there are rumors a revised offer may be made in the coming weeks.

Segev may not be around if that happens. The former Playtech executive joined Entain in 2016 after stints at Playtech and Gala Coral. He took over from Kenneth Alexander as CEO in July 2020 but is now moving on to pastures new.