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PIRC Protesting PaddPower Executive Pay
Thursday May 12,2016 : EXECUTIVE PAY PROTESTERS TARGET PADDY POWER-BETFAIR
PIRC shifts its sights to a fresh target.
The UK-based shareholder advisory group Pensions & Investment Research Consultants (PIRC), which urged Ladbrokes shareholders to revolt on executive pay proposals at the agm last week has shifted its focus to the Betfair-Paddy Power group.
Advisories mailed to shareholders single out soon-to-depart chief operations officer Andy McCue's remuneration package ahead of the group’s agm, claiming that the former Paddy Power chief executive's Euro 3.7 million package is excessive.
McCue's reported total remuneration consisted of Euro 700,000 in salary with Euro 536,000 in bonuses and a Euro 170,000 pension, along with Euro 2.3 million in shares in the merged Paddy Power-Betfair group, the PIRC revealed.
Betfair has previously been targeted by PIRC, which last year urged shareholders to reject a proposed GBP 11.5 million pay and reward package for CEO Breon Corcoran. The action group claims that Betfair's financial accounts do not adequately enable a determination of profits available to shareholders for distribution.
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Ninja Power Slot Launched By Slotland -
I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.
WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? -
The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.
Stephen Conroy appointed head of new responsible gambling grou -
Conroy retired from politics in September after a 20 year career, and has now been appointed head of Responsible Wagering Australia, a new responsible gambling industry body backed by online gambling operators CrownBet, Sportsbet, Betfair, Unibet and Bet365.
SquwaKa To Enter sports betting sector -
Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.
RaceBets Acquired by Betsson -
Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.
Playtech buys back 780,000 shares -
Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.
Cash In Roulette -
The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.
EveryMatrix in game deal with Endorphina -
#EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.
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