Bet365: UK's Best-paid Boss Hits ₤ 323m Jackpot
Bet365: UK's best-paid employer strikes ₤ 323m prize
Bet365 boss Denise Coates has gotten a ₤ 323m payday, verifying her position as the UK's finest paid executive.
The co-founder of the online gambling firm was paid a ₤ 277m income plus dividends as the appeal of online betting continues to grow.
The company's accounts, external show that in the year to end-March her income rose from ₤ 220m on the previous duration.
But the rise comes as the market faced mounting criticism, including over children betting.
Gambling: Just how much do we spend in the UK?
The privately held business is owned collectively by Ms Coates and members of her direct family, including her brother John, who is joint president, and her dad Peter, the firm's chairman.
Ms Coates made a top-notch degree in econometrics - the application of analytical approaches to financial data - from Sheffield University before signing up with the High Street wagering firm, run by her dad.
She identified the potential of online gambling in 2000 and bought the domain name Bet365.com so that she could drive the household organization because direction.
Bet365 made an earnings before tax of ₤ 791m in the year, compared to ₤ 661m the year before.
The company paid dividends of ₤ 92.5 m, half of which are thought to have actually gone to Ms Coates, as the owner of about half of Bet365's shares.
The group of firms owns Stoke City Football Club, which made a loss of ₤ 8.7 m in the year.
The High Pay Centre, a think tank which monitors income, said the timing of the release of the Bet365 results looked "negative", provided it was simply after a general election.
Bet365: UK's best-paid employer strikes ₤ 323m prize
Bet365 boss Denise Coates has gotten a ₤ 323m payday, verifying her position as the UK's finest paid executive.
The co-founder of the online gambling firm was paid a ₤ 277m income plus dividends as the appeal of online betting continues to grow.
The company's accounts, external show that in the year to end-March her income rose from ₤ 220m on the previous duration.
But the rise comes as the market faced mounting criticism, including over children betting.
Gambling: Just how much do we spend in the UK?
The privately held business is owned collectively by Ms Coates and members of her direct family, including her brother John, who is joint president, and her dad Peter, the firm's chairman.
Ms Coates made a top-notch degree in econometrics - the application of analytical approaches to financial data - from Sheffield University before signing up with the High Street wagering firm, run by her dad.
She identified the potential of online gambling in 2000 and bought the domain name Bet365.com so that she could drive the household organization because direction.
Bet365 made an earnings before tax of ₤ 791m in the year, compared to ₤ 661m the year before.
The company paid dividends of ₤ 92.5 m, half of which are thought to have actually gone to Ms Coates, as the owner of about half of Bet365's shares.
The group of firms owns Stoke City Football Club, which made a loss of ₤ 8.7 m in the year.
The High Pay Centre, a think tank which monitors income, said the timing of the release of the Bet365 results looked "negative", provided it was simply after a general election.