Bet365: UK's Best-paid Boss Hits ₤ 323m Jackpot

Bet365: UK's best-paid employer strikes ₤ 323m prize


Bet365 boss Denise Coates has actually received a ₤ 323m payday, verifying her position as the UK's finest paid executive.


The co-founder of the online gaming company was paid a ₤ 277m income plus dividends as the popularity of online betting continues to grow.


The firm's accounts, external program that in the year to end-March her wage rose from ₤ 220m on the previous period.


But the rise comes as the market faced installing criticism, consisting of over children gambling.


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


The independently held company is owned jointly by Ms Coates and members of her direct family, including her bro John, who is joint president, and her dad Peter, the firm's chairman.


Ms Coates earned a first-class degree in econometrics - the application of analytical techniques to economic information - from Sheffield University before joining the High Street wagering firm, run by her father.


She identified the capacity of online gaming in 2000 and bought the domain Bet365.com so that she could drive the family service in that instructions.


Bet365 made a revenue 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 thought 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, that made a loss of ₤ 8.7 m in the year.


The High Pay Centre, a think tank which keeps track of income, stated the timing of the release of the Bet365 results looked "negative", given it was just after a general election.
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