$ £

Report: Bwin CEO Stands to Clean Up if Company Sold

Bwin CEO Norbert Teufelberger reportedly stands to clean up if his company ends up being acquired by an outside investor, potentially scoring at least £17 million if the sale is successful.

Bwin has been on sale since late last year, and is reportedly in negotiations with 888 Holdings and GVC/Amaya. It is estimated that Bwin could fetch a selling price of €1.5 billion. If the company sells, Teufelberger would substantially profit, as the CEO holds 13.3 million shares in the company. Teufelberger also has 9.2 million deferred shares that could potentially pay out in the event of a takeover.

Bwin has had a rough year for its investors, as shares have plunged from 190p to 106.7p as of last week.

Casino Listings will update this story as more developments arise.

Related casinos

Nobwin Casino40Gibraltar, U.K.40