GVC Holdings Chief Executive Kenneth Alexander is stepping down. During his tenure as chief executive, Mr Alexander transformed the firm from a small AIM-listed company into a FTSE 100 giant with 25,000 staff after a string of well-received deals.

“I have enjoyed every minute of helping to grow GVC into the business that it is today, and am proud of all that has been achieved.”

His successor, Mr Segev, has been chief operating officer at the company since March 2016, joining it shortly after the acquisition of Bwin Party Digital Entertainment.

Mr Segev said: “Kenny has been a fantastic colleague and leader during the four years I have worked with him.

“Thanks to his stewardship, I am succeeding him at a time when the business is in robust financial health with an exceptional team and exciting opportunities ahead of it, especially in the US.”