Thread: UK's best-paid boss sees pay rise to £265m

The UK's best-paid boss, co-founder of online gambling firm Bet365 Denise Coates, has received another bumper pay rise.

The firm's accounts show compensation, for the firm's "highest paid director" rising to £265m including dividends.

That was £48m higher than the total she received last year as the popularity of online gambling continues to grow.

However the industry is facing mounting criticism for not doing enough to deal with problem gambling and addiction.

The privately held company is owned jointly by Ms Coates and members of her direct family, including her brother John who is joint chief executive and her father Peter, the firm's chairman. Last year Ms Coates' pay and dividends were reported to total £217m.

In the year to the end of March her basic pay rose from £199m to £220m. The firm paid out £90m in dividends in the same year, half of which are thought to have gone to Ms Coates, as the owner of half of Bet365's shares.

Ms Coates earned a first class degree in econometrics - the application of statistical methods to economic data - from Sheffield University before joining the High Street betting firm, run by her father.

She identified the potential of online gambling in 2000 and invested in the domain name Bet365.com so that she could drive the family business in that direction.

Graph showing Denise Coates pay over years
Bet365, now the largest private sector employer in Stoke, has millions of customers worldwide. It offers sports betting, poker, casino, games, and bingo. The accounts showed that the firm's revenues grew by 25% in the year to the end of March and operating profit was up by 31%.

Increasing criticism

While the online gambling sector has ballooned in recent years, it has also come in for increasing criticism over its impact on some customers who have become addicted or accrued large debts.

Labour's deputy leader Tom Watson recently described gambling as a "public health emergency".

Bet365 said it was continuing to develop strategies to identify gamblers at risk and to "help customers bet responsibly".

https://www.google.co.uk/amp/s/www.b...iness-46289499

I’m not a betting man but I reckon she’s worth every penny.

Congratulations. I bet it's privately held company.















Yes, I know.

Had a friend of mine who worked a call center for a "betting company" in the USA. Needed work. He lasted about a month. Said it was a horrible predatory thieving group who preyed on the addicted selling bullshit lines about having the inside dope on teams and explaining away how last weeks picks didn't pan out. Really a"bad" scene. Some of the pleadings and stories related to him by "family members" who picked up the phone - well, broke him, he said he just couldn't do it anymore.

A disgusting business preying on the addicted.

A mate of mine works for her from home,full set up....takes over a whole room in his house.
His job involves soley tennis and only Chinese betting.

Just another parasite in the gambling world.

£265m including dividends

That's actually kinda crazy.

Originally Posted by Switch

but I reckon she’s worth every penny.

Depends what you're into I guess...

^

Originally Posted by Chittychangchang

Ms Coates

Spinster. With the size of her bank account I think I'd manage to get it up if she asked nicely...and bought the bourbon.
OK, even if she asked not politely and haughtily. But I'd still need the bourbon.

in a country full of boring pensioner twats, and idiotic chavs, it's no surprise to see that kind of business being successful

but in reality, they should be banned, or very heavy regulated

disgusting money for an unattractive disgusting woman, they should burn her at the stake

It's her company she can pay herself whatever.

Originally Posted by bobo746

It's her company she can pay herself whatever.

True.
And her brother and dad would be on a hefty sum, and the company itself would be putting away enough.
The thing is, it's an indication of how much they're making off the punters, which is rather disgusting.