Boss of 888 doubled his pay package to £4m last year

Itai Pazner, chief executive of online betting group 888, doubled his pay package to £4m last year

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

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.

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