Bwin Boss Set To Earn A Fortune

Media reports indicate CEO could cash out for around GBP 17 million if Bwin sale goes through

Norbert Teufelberger, the chief executive of the troubled and currently up for sale Bwin Party Digital Entertainment online gambling group, could be in the money big time if a successful acquisition of the company goes through.
Since last November the group has been on the sales block, and has confirmed that it is in talks with a number of suitors, including a GVC-Amaya combo and 888 Holdings, with numbers of around Euro 1.5 billion being discussed (see previous InfoPowa reports).
The Telegraph newspaper reports that Teufelberger stands to earn at least GBP 17 million in the event of a successful sale, explaining that he holds about 13.3 million shares in the company.
He has a further 9.2 million in deferred shares and options that might also pay-out depending on the value of a successful takeover.
Shareholders have had a tough time lately, the newspaper reports, noting that the shares were at 190p when the company listed on the London Exchange, but last Friday were down to 106.7p.
A spokesman for Bwin.Party told the newspaper that as a substantial investor in the business, Teufelberger was keen to make a decision that is in the interest of all shareholders.

Online Casino News Courtesy of Infopowa

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Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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