Bet365 Gambling Boss Earns ₤ 213m in One Year
Bet365 gambling manager makes ₤ 213m in one year
6 January 2023
The one in charge of gambling company Bet365 was paid more than ₤ 200m in just one year, which is one of the biggest wages ever granted in the UK.
The highest paid director of Bet365 Group, thought to be creator Denise Coates, earned a wage of ₤ 213.4 m in the year to March 2022.
She was also entitled to at least half of ₤ 100m in dividends, despite a fall in earnings.
Bet365 did not instantly react to the BBC's ask for remark.
But campaign groups such as the High Pay Centre hit out at the announcement, arguing it served as a suggestion that "too much [money] is going to too couple of people" in the UK economy.
Its representative Andrew Speke said: "It shows if the federal government wished to supply greater support to those struggling and increase the pay of striking public sector workers dealing with real wage cuts, increasing tax on high earnings and wealth would be among the most efficient methods of funding this."
Labour MP Carolyn Harris, who co-chairs a cross-party parliamentary group examining gambling-related damage, stated that losses made by users as rates are increasing "are paying for the big incomes of gambling employers".
She got in touch with the federal government to bring forward its white paper on gaming and update laws that have been in place for years.
Ms Coates established the Bet365 website in a portable structure in Stoke-on-Trent more than twenty years ago. She is believed to be one of Britain's richest ladies and amongst the best-paid employers on the planet.
After training as an accounting professional she helped develop the group into among the greatest online betting business from her father's bookmaking business. Her brother is likewise co-chief executive.
Bet365 gambling manager makes ₤ 213m in one year
6 January 2023
The one in charge of gambling company Bet365 was paid more than ₤ 200m in just one year, which is one of the biggest wages ever granted in the UK.
The highest paid director of Bet365 Group, thought to be creator Denise Coates, earned a wage of ₤ 213.4 m in the year to March 2022.
She was also entitled to at least half of ₤ 100m in dividends, despite a fall in earnings.
Bet365 did not instantly react to the BBC's ask for remark.
But campaign groups such as the High Pay Centre hit out at the announcement, arguing it served as a suggestion that "too much [money] is going to too couple of people" in the UK economy.
Its representative Andrew Speke said: "It shows if the federal government wished to supply greater support to those struggling and increase the pay of striking public sector workers dealing with real wage cuts, increasing tax on high earnings and wealth would be among the most efficient methods of funding this."
Labour MP Carolyn Harris, who co-chairs a cross-party parliamentary group examining gambling-related damage, stated that losses made by users as rates are increasing "are paying for the big incomes of gambling employers".
She got in touch with the federal government to bring forward its white paper on gaming and update laws that have been in place for years.
Ms Coates established the Bet365 website in a portable structure in Stoke-on-Trent more than twenty years ago. She is believed to be one of Britain's richest ladies and amongst the best-paid employers on the planet.
After training as an accounting professional she helped develop the group into among the greatest online betting business from her father's bookmaking business. Her brother is likewise co-chief executive.