How Bet365's Denise Coates Hit her Own Jackpot
ByRebecca Marston
Business reporter, BBC News
Denise Coates, the billionaire boss of Bet365, added another ₤ 323m to her wealth today after the company her household founded racked up another year of huge earnings.
She's been called the UK's most successful female, with a fortune that Forbes publication puts in the area of ₤ 9.3 bn.
Most noticeably, she has actually made that mostly herself.
Bet365 is Stoke-on-Trent's largest economic sector company, with more than 4,600 personnel. It offers its millions of worldwide consumers sports betting, poker, gambling establishment, video games and bingo. The firm had a ₤ 3bn turnover in the year to the end of March and an earnings before tax of ₤ 791m.
Ms Coates' bro John is joint chief executive and her father Peter is the firm's chairman, however Denise Coates owns half the business and there's no doubt the success is largely hers.
LISTEN: Profile: Denise Coates
Bet365 boss sees pay rise to ₤ 265m
Serious gamblers tend to have a "system", an apparently sure-fire approach that will keep on bringing rewards. So what's her "system"?
Go back to the 1990s and there aren't numerous who would have gambled on the little family-run chain of regional wagering shops growing to such a size.
A lot is down to her mathematical talent, which was amazing from an early age. David Owen taught her at secondary school in the 1980s.
"She got whatever right, just asked essential concerns and was angelically acted. She was plainly off the scale. If we were talking Mensa, she 'd remain in the top 1%," he told the BBC.
'More ladies'
She attained a superior degree in econometrics and trained as an accounting professional within the family firm, constructing even more on the understanding of the small chain that she got while working part-time throughout high school.
ByRebecca Marston
Business reporter, BBC News
Denise Coates, the billionaire boss of Bet365, added another ₤ 323m to her wealth today after the company her household founded racked up another year of huge earnings.
She's been called the UK's most successful female, with a fortune that Forbes publication puts in the area of ₤ 9.3 bn.
Most noticeably, she has actually made that mostly herself.
Bet365 is Stoke-on-Trent's largest economic sector company, with more than 4,600 personnel. It offers its millions of worldwide consumers sports betting, poker, gambling establishment, video games and bingo. The firm had a ₤ 3bn turnover in the year to the end of March and an earnings before tax of ₤ 791m.
Ms Coates' bro John is joint chief executive and her father Peter is the firm's chairman, however Denise Coates owns half the business and there's no doubt the success is largely hers.
LISTEN: Profile: Denise Coates
Bet365 boss sees pay rise to ₤ 265m
Serious gamblers tend to have a "system", an apparently sure-fire approach that will keep on bringing rewards. So what's her "system"?
Go back to the 1990s and there aren't numerous who would have gambled on the little family-run chain of regional wagering shops growing to such a size.
A lot is down to her mathematical talent, which was amazing from an early age. David Owen taught her at secondary school in the 1980s.
"She got whatever right, just asked essential concerns and was angelically acted. She was plainly off the scale. If we were talking Mensa, she 'd remain in the top 1%," he told the BBC.
'More ladies'
She attained a superior degree in econometrics and trained as an accounting professional within the family firm, constructing even more on the understanding of the small chain that she got while working part-time throughout high school.