Playtech shareholders ultimately opted to back a controversial €100m [$104m] executive bonus package, despite public opposition from some investors.
Shareholders voted to approve the Playtech plc Shareholder Incentive Plan (Directors) by 67% to 33% at the B2B iGaming giant’s general meeting yesterday (19 December). The scheme involves Playtech paying out €100m in special bonuses to key executives following the company’s €2.3bn sale of its Italian B2C arm Snaitech to Flutter, announced in September.
While the scheme received a notable degree of opposition from shareholders, only 50% support was needed for approval under the supplier’s rules.
A spokesman for Playtech told The Times: “We value the views of all our shareholders and are grateful for their engagement in the advance of the general meeting.”
