Playtech, a major supplier of software to the online gambling industry, has hit the headlines after shareholders revolted against the pay packages of its executives at its annual meeting.
Alan Jackson, chairman, was humiliated by a major vote against his re-election, despite the fact that the company only last month announced that it had started the search for his replacement.
Over 40 per cent of shareholders voted against the company’s pay package policy and its report.
The company had already reported that its adjusted EBITDA for 2019 is forecast to be between €390 and €415m.
Slowing growth in Asia and the grey markets have been affecting profits, to the growing dissatisfaction of its investors.