Denise Coates CBE, chief government of the playing agency Bet365 and one among Britain’s wealthiest ladies, took a forty five% pay lower final 12 months and nonetheless obtained a bundle price over £150m in 2024.
The very best-paid director of Bet356 Group, believed to be Ms Coates, was paid £94.7m for the 12 months ending March 2024 in comparison with £221m obtained the earlier 12 months.
She was additionally due greater than half of the dividends paid by the UK-based group – round £63m of the £110m dividend within the 12 months, which was up from £100m.
The Stoke-on-Trent enterprise has seen a speedy rise, a lot of which Ms Coates has been credited with.
Bet365 is the most important employer within the Stoke space. The group reported a pre-tax revenue of £596.3m for the 12 months, in contrast with a lack of £72.6m the 12 months earlier than when it was increasing in areas like North America.
The growth seems to be paying off, with the group’s income rising by 9% to £3.7bn. Lowered government pay additionally helped income.
Bet365.com is without doubt one of the world’s greatest on-line playing web sites.
Ms Coates based the Bet365 web site in a transportable constructing in a Stoke-on-Trent automotive park greater than 20 years in the past.
She has beforehand been described as one of many UK’s “most profitable ladies” and among the many best-paid executives on the planet.
Ms Coates achieved a first-class diploma in econometrics and later educated as an accountant inside the household agency.
She helped construct the group into one of many greatest on-line playing corporations from her father’s bookmaking enterprise.
Her brother John Coates, who’s 55 years previous, is a co-chief government of Bet365 and joint-chairman of Stoke Metropolis soccer membership.
She is usually credited because the driving drive behind the enterprise and have become managing director of her household’s chain of betting outlets on the age of twenty-two.
The Coates household has a mixed web price of round £7.5bn, which put them in twentieth place in final 12 months’s Sunday Instances Wealthy Checklist
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, 2025-01-06 21:13:00
