Caesars Interactive CEO could leave the company a wealthy man

Online gambling management veteran and current CEO of Caesars Interactive Entertainment, Mich Garber (51) could retire from the company a very wealthy man after eight years in charge, according to a report in the New York Post Tuesday.

Garber is reportedly walking away from the company following its $4.4 billion acquisition by a Chinese consortium (see previous report) with “several hundred million” dollars, The Post claims, noting that Garber negotiated to have CIE housed in a new stand-alone entity in which he received roughly a 5 percent equity stake..

Related and similar