Playtech faces shareholder backlash over €100m bonus plan for executives
Sports Betting · 2024-10-08
Playtech faces shareholder backlash over €100m bonus plan for executives
Playtech is facing criticism from some of its shareholders over a proposed €100m ($110m) bonus scheme for its senior executives, including CEO Mor Weizer.
The bonuses follow the company’s recent €2.3bn sale of its Italian sports betting and gaming unit, Snaitech, to Flutter Entertainment. This bonus scheme, announced on the same day as the sale, would see Weizer as the largest beneficiary, although Playtech has not disclosed the exact amount he could receive.
Executives would also be entitled to 10% of the gain from any future disposals, a clause that has sparked concern among investors.
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