Monday 24 January 2022

Bet365 Chief Exec Pays Herself £199m

It's tough at the top. 

Founder of Bet365 Denise Coates became the highest paid boss after giving herself a wage of £199m last year. 

The co-founder of the bookmaking firm paid herself the record sum after the company posted profits of £525m for the 2016/2017 financial year. 

The 50-year-old billionaire came from humble beginnings working in her father's bookmakers as a cashier. She started Bet365 website after borrowing £15m against the family's betting shop. Established in a portakabin in 2000 based in Stoke-on-Trent car park. Buying the domain name she built one of the most profitable businesses in Britain. 

Forbes detailed that Coats personal fortune is $4bn (£3bn).

The company has a major stake in Stoke City Football club. 

Recent concerns regarding problem gambling prompted Coats to say:  "Bet365 recognises its responsibility to minimise gambling-related harm and to keep crime out of gambling".

Last year, Bet365 customers wagered $47bn up more than £10bn on the previous year. 

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