$60 Million for Cassava CEOAugust 3 - When Cassava Enterprises, owner of popular online gambling site, 888.com, goes public, the company's CEO is set to earn a hefty $60 million. The CEO in question, John Anderson , has steered Cassava Enterprises and its online casinos to the highly successful position in the online gambling industry, it finds itself in today. The flotation is scheduled to take place in September this year on the London Stock Exchange (LSO). It follows PartyGaming, another large online gambling company that went public on the LSE earlier this year. It is estimated that Cassava Enterprises will attract an IPO of over $1.5 billion, resulting in $70 million in gross earnings for its board members. Top UK bank, HSBC has been retained by Cassava to oversee the flotation. |
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| Cassava Enterprises CEO Set to Earn $60 Million in Flotation |
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