Online Casino CEO set to make $60 million
Online Casino CEO set to
make $60 million By staffThe CEO of Cassava Enterprises,
owner of online casino 888.com, is set to make $60
million when the company floats on the London Stock
Exchange next month. This happens just several months
after the world’s largest Internet poker company,
PartyGaming, floated on the London Stock Exchange
in June, awarding the board massive pay outs.
Cassava Enterprises’ initial public offering
(IPO) is expected to be worth over $1.5 billion,
which in turn will provide an estimated $70 million
in gross earnings. HSBC has been hired to counsel
the Internet gambling operator on the matter in
a hope to follow in PartyGaming’s footsteps.
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