Casino Exec Hits Jackpot
UNITED KINGDOM – As reported by the Montreal Gazette: "Montreal businessman Mitchell (Mitch) Garber drew a royal flush yesterday when he was appointed to head the world's largest online gaming company for a pay package worth almost $17 million U.S. in the first year.
"Garber, who was once a sports talk show host on Montreal radio and TV stations, will become one of highest-paid executives in Britain when he takes over as chief executive officer of fast-growing PartyGaming PLC on April 19.
"…He and his family will be moving from Montreal to Gibraltar, where PartyGaming is relocating from Britain.
"Associates say Garber is blessed with boundless energy and has built up a huge network of gambling contacts, especially in the U.S. industry.
"…Garber was chosen to replace departing PartyGaming CEO Richard Segal after an international recruitment search.
"In an interview, Garber said one of his top priorities in his new job will be growing the company outside the United States, where it now earns about 80 per cent of its revenues. The company, which went public in London last year, has more than 1,500 employees, almost $1 billion U.S. in revenue last year and a stock market value of $10 billion U.S…"
2006-03-27
