Difference between revisions of "Bet365: UK s Best-paid Boss Hits ₤ 323m Jackpot"

Latest revision as of 23:19, 26 October 2025

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Bet365: UK's best-paid boss hits ₤ 323m prize
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Bet365 employer Denise Coates has received a ₤ 323m payday, validating her position as the UK's best paid executive.
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The co-founder of the online betting company was paid a ₤ 277m wage plus dividends as the popularity of online gambling continues to grow.
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The company's accounts, external program that in the year to end-March her income increased from ₤ 220m on the previous duration.
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But the rise comes as the industry dealt with installing criticism, consisting of over children betting.


Gambling: Just how much do we invest in the UK?


The privately held is owned jointly by Ms Coates and members of her direct family, including her brother John, who is joint chief executive, and her daddy Peter, the firm's chairman.


Ms Coates earned a top-notch degree in econometrics - the application of analytical methods to financial information - from Sheffield University before signing up with the High Street wagering company, run by her dad.


She identified the capacity of online gaming in 2000 and invested in the domain name Bet365.com so that she could drive the household business because instructions.


Bet365 made a profit before tax of ₤ 791m in the year, compared with ₤ 661m the year before.


The company paid dividends of ₤ 92.5 m, half of which are believed to have gone to Ms Coates, as the owner of about half of Bet365's shares.


The group of firms owns Stoke City Football Club, which made a loss of ₤ 8.7 m in the year.


The High Pay Centre, a think tank which monitors earnings, stated the timing of the release of the Bet365 results looked "cynical", given it was just after a basic election.


High Pay Centre executive director Luke Hildyard stated: "this promotion code looks like cynical timing, sneaked out straight after a basic election campaign where excess wealth, taxes on the rich and the huge space in between those at the leading and everybody else have actually been key concerns."


He added: "Business success should be incentivised and rewarded, however a payment a portion of this size would still pay for a lifestyle beyond the wildest dreams of the majority of people."
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Mr Hildyard stated there was "clearly scope" for those building up such sums to pay their workers more or contribute more in taxes.


Child gambling


In October, Cardiff University research recommended that two-fifths of 11 to 16-year-olds had actually gambled in the previous year.


The study said this promotion code was "particularly concerning, provided that across the UK, a lot of forms of industrial gambling are only legal for those aged 18 and over".
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Slot machine were the most popular kind of gambling, followed by playing cards for cash with friends and scratchcards.


Dr Graham Moore of the Centre for the Development and Evaluation of Complex Interventions for Public Health Improvement stated at the time: "The evidence reveals that individuals who gamble previously in life are more likely to become problem bettors in adulthood."


However, a Gambling Commission study in October, external suggested that 11% of kids had gambled within a week of the survey being performed.


But in addition, the regulator cautioned in July, external of research that showed links between "problem gambling and self-destructive thoughts or attempts".


Bet365 says it has "an undeviating dedication to deliver industry-leading approaches to player protection", including monitoring client betting, and states it will "terminate the [customer] relationship if it feels the risk of harm is too expensive".


How much should bosses be paid?
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Child betting a 'growing issue' - research study


15 October 2019