Despite issuing two profit warnings in the past year and a fall in the first half of this year, gambling software specialist Playtech awarded its chairman, Alan Jackson, a pay rise of 17 per cent to £450,000, according to Sky News this week.
The rise was defended by the company, however, with CEO Mor Weizer stating: “In the five years that he has served as chairman he has never received a pay rise until now.”
Revenue was up four per cent in the half year to the end of June. The company said that but for its Asian business, which suffered from heavy competition from new Chinese competitors, and a crackdown on gambling in Malaysia, it would have risen by 35 per cent.
