Prairie Meadows CEO Gets $1.65M Bonus, New Leader Emerges
Des Moines News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Prairie Meadows Racetrack and Casinos board approved a $1.65 million bonus for retired CEO Gary Palmer, who led the track for nearly two decades. The bonus, along with his salary and budget goals, totals $1.65 million, short of the possible $1.9 million max. The board, led by chair Steven Neville, praised Palmers long service, including launching the track, navigating bankruptcy, and securing slots. Brian Ohorilko, the new CEO, has a $450,000 base salary, about 70% of Palmers. Prairie Meadows is on track for its best year yet, with nearly $40 million in revenue for January and February, and plans to boost track traffic amid online betting.
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