Bet365: UK's Best-paid Boss Hits ₤ 323m Jackpot
Bet365: UK's best-paid boss hits ₤ 323m jackpot
Bet365 employer Denise Coates has received a ₤ 323m payday, confirming her position as the UK's finest paid executive.
The co-founder of the online gaming firm was paid a ₤ 277m income plus dividends as the popularity of online gambling continues to grow.
The firm's accounts, external program that in the year to end-March her salary rose from ₤ 220m on the previous duration.
But the rise comes as the industry faced installing criticism, consisting of over kids betting.
Gambling: How much do we invest in the UK?
The independently held company is owned jointly by Ms Coates and members of her direct household, including her bro John, who is joint chief executive, and her dad Peter, the company's chairman.
Ms Coates earned a top-notch degree in econometrics - the application of analytical techniques to financial data - from Sheffield University before joining the High Street wagering firm, run by her father.
She recognized the potential of online betting in 2000 and purchased the domain Bet365.com so that she could drive the family company in that direction.
Bet365 earned a profit before tax of ₤ 791m in the year, compared to ₤ 661m the year before.
The firm 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 companies owns Stoke City Football Club, which made a loss of ₤ 8.7 m in the year.
The High Pay Centre, a think tank which keeps track of income, said the timing of the release of the Bet365 results looked "cynical", given it was just after a general election.
Bet365: UK's best-paid boss hits ₤ 323m jackpot
Bet365 employer Denise Coates has received a ₤ 323m payday, confirming her position as the UK's finest paid executive.
The co-founder of the online gaming firm was paid a ₤ 277m income plus dividends as the popularity of online gambling continues to grow.
The firm's accounts, external program that in the year to end-March her salary rose from ₤ 220m on the previous duration.
But the rise comes as the industry faced installing criticism, consisting of over kids betting.
Gambling: How much do we invest in the UK?
The independently held company is owned jointly by Ms Coates and members of her direct household, including her bro John, who is joint chief executive, and her dad Peter, the company's chairman.
Ms Coates earned a top-notch degree in econometrics - the application of analytical techniques to financial data - from Sheffield University before joining the High Street wagering firm, run by her father.
She recognized the potential of online betting in 2000 and purchased the domain Bet365.com so that she could drive the family company in that direction.
Bet365 earned a profit before tax of ₤ 791m in the year, compared to ₤ 661m the year before.
The firm 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 companies owns Stoke City Football Club, which made a loss of ₤ 8.7 m in the year.
The High Pay Centre, a think tank which keeps track of income, said the timing of the release of the Bet365 results looked "cynical", given it was just after a general election.