Not too shabby, according to the boss:
Betfair Boss Breon Corcoran Receives a £10 Million Bonus


British Gambling Industry Generates £7.1bn Revenues
The chief executive of Betfair, Breon Corcoran, received an £11.6 million package last year thanks to a £10 million bonus agreed upon when he joined the online gambling giant three years ago.

Corcoran’s £10.1 million windfall was awarded in shares and is in addition to his £953,000 bonus and £528,000 salary. The former Paddy Power Chief Operation Officer earned £1.3 million the previous year and a staggering £11.6 million when this golden hello was awarded.

When Corcoran joined Betfair from Paddy Power in August 2012, signed a deal that would pay him the huge amount Betfair met three financial performance targets. Two of those targets were reached, but the third removed at a shareholder meeting in January.

Betfair informed shareholders that the third target was introduced by an administrative error. 99.8% of investors agreed to the removal of the third threshold at a shareholder meeting.

The London Stock Exchange listed company has transformed under Corcoran’s guidance with UK customer numbers increasing by 250% and the share value increasing from approximately £750 million to more than £2.4 billion.

Historically, Betfair was a betting exchange but has developed a traditional bookmaking that is now flourishing. Morgan Stanley analysts state this new bookmaking business is already taking £1.2 billion worth of bets, almost as much Ladbrokes customers stakes last year at £1.3 billion.

In June 2015, Betfair announced it was to increase investor’s dividends by 70% following “an excellent year.” Betfair reported operating profit of £94.3 million (up 53% on the previous reporting period) a figure aided by its betting exchange having a turnover of £55.3 billion and new customers increasing to 1.7 million (an increase of 52%).

courtesy Poker News