Bet365 Boss Denise Coates Gets ₤ 300m Pay Package - A ₤ 170m Cut
Bet365 employer Denise Coates gets ₤ 300m pay bundle - a ₤ 170m cut
3 March 2022
ByRussell Hotten
BBC News
Bet365 boss Denise Coates took home about ₤ 300m during its last monetary year - ₤ 170m down on the previous year - as growth stalled.
The billionaire founder of the online gaming company received ₤ 250m in salary and a share of the business's pay-out of ₤ 97.5 m in dividends.
Ms Coates, among Britain's most affluent women and a significant benefactor, has received a total of about ₤ 1.3 bn from the business in the past five years.
Bet365 was developed 21 years earlier.
Ms Coates and her bro John took control of a betting shop organization run by their daddy, spotting that online betting might change the market. She now owns about half of the business.
Bet365's most current accounts submitted at Companies House reveal incomes were broadly flat at ₤ 2.82 bn in the first year of the pandemic, compared with ₤ 2.81 bn in the previous year.
Although not named in the accounts, Ms Coates has actually always been considered the person described as "greatest paid director". She is believed to be Britain's greatest private tax payer.
It's unclear why the pay fell a lot, although Bet365's earnings from sports wagering was struck as the pandemic caused chaos to sporting schedules. A rise in wagering by means of online fruit machine and gambling establishments assisted offset the loss.
Bet365 said: "At the start of the period we experienced the almost total cessation of sporting occasions. However by the end of the first half of the year, we saw the resumption of sports with the vast bulk of European football leagues managing to conclude their domestic seasons."
Meanwhile, operating revenue increased by 47% year-on-year to ₤ 285.
Bet365 employer Denise Coates gets ₤ 300m pay bundle - a ₤ 170m cut
3 March 2022
ByRussell Hotten
BBC News
Bet365 boss Denise Coates took home about ₤ 300m during its last monetary year - ₤ 170m down on the previous year - as growth stalled.
The billionaire founder of the online gaming company received ₤ 250m in salary and a share of the business's pay-out of ₤ 97.5 m in dividends.
Ms Coates, among Britain's most affluent women and a significant benefactor, has received a total of about ₤ 1.3 bn from the business in the past five years.
Bet365 was developed 21 years earlier.
Ms Coates and her bro John took control of a betting shop organization run by their daddy, spotting that online betting might change the market. She now owns about half of the business.
Bet365's most current accounts submitted at Companies House reveal incomes were broadly flat at ₤ 2.82 bn in the first year of the pandemic, compared with ₤ 2.81 bn in the previous year.
Although not named in the accounts, Ms Coates has actually always been considered the person described as "greatest paid director". She is believed to be Britain's greatest private tax payer.
It's unclear why the pay fell a lot, although Bet365's earnings from sports wagering was struck as the pandemic caused chaos to sporting schedules. A rise in wagering by means of online fruit machine and gambling establishments assisted offset the loss.
Bet365 said: "At the start of the period we experienced the almost total cessation of sporting occasions. However by the end of the first half of the year, we saw the resumption of sports with the vast bulk of European football leagues managing to conclude their domestic seasons."
Meanwhile, operating revenue increased by 47% year-on-year to ₤ 285.