Bet365 boss makes ₤ 469m in a single year
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1 April 2021
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The one in charge of the betting company Bet365 has actually been awarded among the biggest pay packages in UK corporate history.

The highest paid director of Bet365 Group - believed to be founder and majority shareholder Denise - made a wage of ₤ 421m in the year ending 29 March.

She likewise made ₤ 48m in dividends, taking her total pay to ₤ 469m.
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The company said the arrangements were "suitable and fair", despite sales falling at the company in 2015.

But campaign group the High Pay Centre stated it was "appallingly inefficient for single individuals to hoard wealth in this way".

Ms Coates, who established the Bet365 website 20 years ago in Stoke-on-Trent, has actually been the UK's greatest paid employer for a number of years.

She is likewise one of Britain's wealthiest ladies and a significant benefactor, contributing millions through the Denise Coates Foundation.
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Her wage in the yohaig code year to March was more than 50% higher than the ₤ 277m gotten in 2019 and indicated she earned practically ₤ 1.2 m every day last year.

That was more than the yohaig code bosses of every FTSE 100 company integrated, according to the High Pay Centre.

It came as sales at Bet365 fell 8% to ₤ 2.8 bn as worldwide sporting occasions were cancelled due to the pandemic. Profits dropped 74% to ₤ 194.7 m.

However, the business stated it had not cut staff pay or laid off staff members as a result of the crisis. It likewise did not utilize the furlough scheme.

The company also paid ₤ 85m to Ms Coates's charitable structure.

Ms Coates and her sibling John took control of the gaming company twenty years ago, which was run by their father. Ms Coates now owns about half of the business.

She has previously been referred to as one of the UK's "most successful females".
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Ms Coates accomplished a first-rate degree in econometrics and later on trained as an accountant within the household firm, building even more on the understanding of the then little chain that she selected up while working part-time throughout high school.

The chief executive's annual pay package is likely to be the biggest in UK history. Earlier this promotion code month, hedge fund tycoon Sir Chris Hohn staked a claim to that title after paying himself ₤ 343m in 2015.
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How Bet365's Denise Coates hit her own jackpot

18 December 2019
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