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Bet365 boss Denise Coates was paid just under £300m in salary and dividends for the first year of the pandemic, as the online gambling firm weathered Covid-19 and benefited from a migration from sports betting as events were cancelled.
Accounts filed at Companies House show that Bet365 made a profit of £470m before tax in the year to the end of March 2021, on revenues that were flat at £2.8bn.
The cancellation of sporting events as a result of the pandemic led to a “significant migration” to other activities such as virtual sports, slot machines and casino products.
Gaming products such as these are associated with significantly higher rates of gambling addiction than sports betting.
The company’s highest-paid director, understood to be Denise Coates, was paid £250m. She also has a share of more than 50% of the company’s £97.5m dividend, taking her total compensation for the year to just under £300m.
The sum is £170m less than her reward for leading the company a year earlier but takes her pay and dividends over the past five years above £1.3bn.
The company made charitable donations, mostly to the Denise Coates Foundation of £103m, up from £89m last year.
Accounts filed at Companies House show that Bet365 made a profit of £470m before tax in the year to the end of March 2021, on revenues that were flat at £2.8bn.
The cancellation of sporting events as a result of the pandemic led to a “significant migration” to other activities such as virtual sports, slot machines and casino products.
Gaming products such as these are associated with significantly higher rates of gambling addiction than sports betting.
The company’s highest-paid director, understood to be Denise Coates, was paid £250m. She also has a share of more than 50% of the company’s £97.5m dividend, taking her total compensation for the year to just under £300m.
The sum is £170m less than her reward for leading the company a year earlier but takes her pay and dividends over the past five years above £1.3bn.
The company made charitable donations, mostly to the Denise Coates Foundation of £103m, up from £89m last year.
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rico said .......post yer bets denise just to show yer not woffling !
Cant knock her (other than wont take a fiver each way from a pensioner).
I think she is 1 of the highest contributors to the treasury in taxes.
I think she is 1 of the highest contributors to the treasury in taxes.
I concur with Geoff, started with 1 shop I think!
D.G I think her dad had a few betting shops around Stoke cant remember name think it began with P? Went in 1 or 2.
Come on guys, have a heart. She had to take a 170M pay cut this year.
Doesn't get any of my money - restricted to less than a £1 stake
Made their fortune off reckless, compulsive, problem gamblers ....... the one`s they now claim to care about with token affordability checks.
Mind you, tbf their state of the arts computer system and modern betting analytics did identify the problem gamblers they worry about and they took appropriate action by shutting their accounts ...... the winning and disciplined punters that is
... bunch of hypocrites.
Mind you, tbf their state of the arts computer system and modern betting analytics did identify the problem gamblers they worry about and they took appropriate action by shutting their accounts ...... the winning and disciplined punters that is
... bunch of hypocrites.
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