Bet365
Bet365 is a British gambling company founded in 2000. It offer sports betting, online casino, online poker, and online bingo. The business operations is run from its office in Stoke-on-Trent. There is a satellite office in Malta. It was founded by Denise Coates, who is the majority shareholder and joint-chief executive, alongside her brother John Coates. She pays tax in the UK on her salary and dividends. John owns about a quarter of its shares. Her two sisters — Moira and Siobhan — each own 5% of the business. Her husband, Richard, also works for the company. More than 7000 people work for the company. They must live within 30 miles of Stoke. It is the largest private employer in Stoke. It has expanded into North America.[1] It has been very profitable since 2008. It is investing a lot of money into the expansion into America. Ray Winstone was in their advertising. A lot of their business is in grey markets, like China, where gambling is not allowed.
Denise Coates is an economics graduate from the University of Sheffield. She has been paid about about £2.5 billion since 2008. She was paid a salary of £220.70 million in the year to 26 March 2023. This was more than a quarter of the company’s wage and benefit costs for staff. [2] She also gets at least 50% of the £100 million dividend. She was the highest paid executive in the UK in 2017 with a salary of £217 million.[3] She set up The Denise Coates Foundation, a registered charity. It has made multimillion-pound donations to the local hospital, Douglas Macmillan Hospice, Keele university and theatre projects. [4]
The Coates family is ranked as the 16th richest in the UK with an estimated £8.8 billion fortune, according to the Sunday Times rich list. It ran the Provincial Racing chain of nearly 50 betting shops.[5] Peter Coates, Denise's father, has set up a separate foundation. He was also the chairman of Stoke City F.C. The company has sponsored the club. They play in what is now called the Bet365 Stadium.
References change
- ↑ Porter, Gary (2024-01-08). "bet365 creates 1,475 new jobs as £72m losses explained". Stoke on Trent Live. Retrieved 2024-01-11.
- ↑ Parker, Hayley (2024-01-10). "bet365 boss Denise Coates' £220m salary deemed 'not sensible or proportionate'". Stoke on Trent Live. Retrieved 2024-01-11.
- ↑ Neate, Rupert; correspondent, Rupert Neate Wealth (2017-11-12). "Bet365 chief Denise Coates paid herself £217m last year". The Guardian. ISSN 0261-3077. Retrieved 2024-01-11.
- ↑ "Bet365 'cash machine' keeps paying out for the house". www.ft.com. Retrieved 2024-01-12.
- ↑ Neate, Rupert; Sweney, Mark (2024-01-08). "Billionaire Bet365 boss pockets further £270m". The Guardian. ISSN 0261-3077. Retrieved 2024-01-11.