Bet365: UK's Best-paid Boss Hits ₤ 323m Jackpot
Bet365: UK's best-paid manager hits ₤ 323m jackpot
Bet365 employer Denise Coates has gotten a ₤ 323m payday, confirming her position as the UK's best paid executive.
The co-founder of the online betting firm was paid a ₤ 277m wage plus dividends as the popularity of online betting continues to grow.
The company's accounts, external program that in the year to end-March her salary rose from ₤ 220m on the previous period.
But the increase comes as the industry faced installing criticism, including over kids gambling.
Gambling: Just how much do we invest in the UK?
The privately held business is owned jointly by Ms Coates and members of her direct household, including her sibling John, who is joint chief executive, and her father Peter, the firm's chairman.
Ms Coates earned a top-notch degree in econometrics - the application of analytical techniques to financial information - from Sheffield University before joining the High Street betting company, run by her daddy.
She determined the capacity of online gaming in 2000 and bought the domain Bet365.com so that she could drive the family company because instructions.
Bet365 made a revenue before tax of ₤ 791m in the year, compared with ₤ 661m the year before.
The company paid dividends of ₤ 92.5 m, half of which are believed to have actually gone to Ms Coates, as the owner of about half of Bet365's shares.
The group of companies owns Stoke City Football Club, that made a loss of ₤ 8.7 m in the year.
The High Pay Centre, a think tank which keeps track of earnings, said the timing of the release of the Bet365 results looked "cynical", offered it was simply after a general election.
Bet365: UK's best-paid manager hits ₤ 323m jackpot
Bet365 employer Denise Coates has gotten a ₤ 323m payday, confirming her position as the UK's best paid executive.
The co-founder of the online betting firm was paid a ₤ 277m wage plus dividends as the popularity of online betting continues to grow.
The company's accounts, external program that in the year to end-March her salary rose from ₤ 220m on the previous period.
But the increase comes as the industry faced installing criticism, including over kids gambling.
Gambling: Just how much do we invest in the UK?
The privately held business is owned jointly by Ms Coates and members of her direct household, including her sibling John, who is joint chief executive, and her father Peter, the firm's chairman.
Ms Coates earned a top-notch degree in econometrics - the application of analytical techniques to financial information - from Sheffield University before joining the High Street betting company, run by her daddy.
She determined the capacity of online gaming in 2000 and bought the domain Bet365.com so that she could drive the family company because instructions.
Bet365 made a revenue before tax of ₤ 791m in the year, compared with ₤ 661m the year before.
The company paid dividends of ₤ 92.5 m, half of which are believed to have actually gone to Ms Coates, as the owner of about half of Bet365's shares.
The group of companies owns Stoke City Football Club, that made a loss of ₤ 8.7 m in the year.
The High Pay Centre, a think tank which keeps track of earnings, said the timing of the release of the Bet365 results looked "cynical", offered it was simply after a general election.