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Iowa Casino CEOs Receive More Than $650,000
DES MOINES, Iowa (AP) - The CEOs of two nonprofit casinos in Iowa both make more than $650,000 a year because their boards believe competitive pay is needed to keep the executives in Dubuque and Altoona.
The Des Moines Register reports that Prairie Meadows CEO Gary Palmer made $652,747 in 2012 and Mystique Casino CEO Jesus Aviles received $708,899 that year.
The 2012 figures are the most-recent available, and both totals include six-figure bonuses both men received.
Casino supporters say these executives help raise millions of dollars in profits that go to Iowa nonprofit groups.
But critics say the amount of money these CEOs receive just reduces the amount that goes to nonprofits.