Bosses at Ladbrokes owner GVC toast £27.6m payday
Wednesday 01 de May 2019 / 14:03
⏱ 2 min read
(United Kingdom).- Gambling bosses at Ladbrokes owner GVC are celebrating another multimillion-pound payday, just weeks after they sent shares tumbling by cashing in on a share sale.
GVC’s annual report shows that chief executive Kenny Alexander pocketed a total of £19.1 million last year after banking £16.4 million in “legacy awards”, linked to the firm’s acquisition of bwin.party in 2016.
Mr Alexander also bagged a £1.8 million annual bonus and saw his basic salary jump 13% to £858,000.
The figures show that chairman Lee Feldman received £8.5 million in pay, with most of it also related to legacy awards.
The revelations come weeks after the duo toasted a £19.7 million payday after cashing in from a share sale.
Mr Alexander and Mr Feldman raked in £13.7 million and £6 million respectively after offloading nearly three million shares between them.
However, those divestments, at £6.66 per share, sent GVC’s stock tumbling as investors were spooked by the news.
GVC said it recognised that the latest pay awards are “substantial”, adding that a new policy framework will result in “significantly lower levels” of remuneration in future.
“The value of those awards reflects the value created for our shareholders since that time. 2018 is the last year in which those awards will vest and the single figure will be substantially lower in 2019.
“We implemented a new remuneration policy in December 2017, which substantially reduced the CEO’s incentive opportunity to more UK-typical levels.
“Likewise, the chairman is now on a standard fee-only arrangement. Our remuneration framework is now aligned with typical UK practice.”
Last year, almost 44% of investors voted against the company’s remuneration report amid fierce anger over pay for Mr Alexander and Mr Feldman.
GVC’s 2019 AGM will take place in Gibraltar on June 5.
Categoría:Others
Tags: GVC Holdings Plc, Ladbrokes,
País: United Kingdom
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
At PGS 2026, MINCETUR Explained How to Handle a Regulatory Inspection: Rights and Obligations for Compliance
(Lima, SoloAzar Exclusive).- As part of Peru Gaming Show (PGS) 2026, one of the most important gaming industry events in Latin America, José Luis Pérez, Director of Organization and Registration at MINCETUR’s General Directorate of Casino Games and Slot Machines, delivered a conference for land-based gaming operators. During his presentation, he explained the rights and obligations of license holders during regulatory inspections, detailed how inspectors carry out their duties, and emphasized the importance of fostering a strong culture of compliance to strengthen the regulated market.
Tuesday 07 Jul 2026 / 12:00
Reusable Identity and Smoother Access: JUMIO’s Approach at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Peru Gaming Show (PGS) 2026 hosted the conference “Reusable Identity: Less Friction, More Play – How to Simplify Player Access,” led by Pilar Pereira, Director of Strategic Alliances at JUMIO. She explained how the evolution of digital identity is transforming user experiences on online betting platforms amid strong global growth in the sector.
Friday 03 Jul 2026 / 12:00
Andres Troelsen: "Peru remains one of EGT Digital's strategic markets in LATAM"
(Lima, SoloAzar Exclusive).- Following his participation in the Peru Gaming Show, Andres Troelsen, Regional Sales Director LATAM of EGT Digital, reflects on the company's priorities in the region, the evolving demands of operators, and the opportunities emerging across the Latin American gaming market for EGT Digital.
Friday 03 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
