Aug 12, 2022 - News
Iowa's Prairie Meadows casino CEO wants to nix his retirement plan
Prairie Meadows CEO Gary Palmer, 75, wants to retract his longtime plan to retire by the end of 2023, he told Axios Thursday.
- The nonprofit casino's board called a special meeting Friday to consider extending his contract.
What's happening: A few board members have inquired whether he'd be interested in staying, he told Axios.
- And he said he's got no other plans but to fish after 2023 anyway.
Catch up fast: Prairie Meadows pumps tens of millions of dollars annually into the budgets of Iowa charities and local governments.
- Palmer has worked for the casino for decades and plans for his secession have been ongoing for years.
- Also on today’s agenda is a plan to terminate a search for an executive vice president that could work for a year before replacing Palmer.
Of note: Palmer's annual salary is $641,000.
- He was given an $800,000 bonus earlier this year.
What's next: Friday's meeting starts at 10:30am at the James Rasmussen Board Room, 1 Prairie Meadows Drive in Altoona.
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