The boss of online betting group 888 doubled his pay package to £4m last year. 

Itai Pazner, chief executive since January 2019, received shares worth £2m under a performance-related package on top of his £675,000 salary, a bonus of £1m and other perks. 

He took home £2m in 2020. 

Pocket money: Itai Pazner received shares worth £2m under a performance-related package on top of his £675,000 salary, a bonus of £1m and other perks

Pocket money: Itai Pazner received shares worth £2m under a performance-related package on top of his £675,000 salary, a bonus of £1m and other perks

Pocket money: Itai Pazner received shares worth £2m under a performance-related package on top of his £675,000 salary, a bonus of £1m and other perks

Three weeks ago the FTSE 250 company said it had had a ‘record year’ as profits tripled. 

But last month it was fined £9.4m for ‘social responsibility and money laundering failings’ by the UK Gambling Commission.

In one instance 888 had not contacted a customer who lost £37,000 in a six-week period during the pandemic. 

Shares rose 5.3 per cent, or 9.7p, to 194.2p.

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .footerText a:hover{text-decoration: underline;} #fiveDealsWidget .footerSmall{font-size:10px; padding-top:10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

This post first appeared on Dailymail.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Thousands of Virgin Media customers in UK hit by outages

Downdetector, which tracks such glitches, reports problems with internet, telephone and TV…

The scandal of the 4million hard-up families who pay MORE for energy – your rights explained

MILLIONS of hard-up households on pre-payment meters are paying extra – and…

Netflix scraps cheap ad-free plans in bid to drive users towards expensive deal

Netflix added nearly 6m more subscribers over the spring as a clampdown…

Barclays boss forced into humbling apology over trading blunder

The new chief executive of Barclays has had to apologise for a…