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Caesars CEO Could be looking at big retirement money
Tuesday August 2,2016 : CAESARS INTERACTIVE C.E.O. COULD LEAVE THE COMPANY A WEALTHY MAN
After eight years at the helm, Garber could receive several hundred million dollars, says the New York Post.
Online gambling management veteran and current CEO of Caesars Interactive Entertainment, Mitch Garber (51) could retire from the company a very wealthy man after eight years in charge, according to a report in the New York Post Tuesday.
Garber is reportedly walking away from the company following its $4.4 billion acquisition by a Chinese consortium ( with "several hundred million" dollars, The Post claims, noting that Garber negotiated to have CIE housed in a new stand-alone entity in which he received roughly a 5 percent equity stake..
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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