Bet365 Gambling Boss Earns ₤ 213m in One Year
Bet365 betting employer makes ₤ 213m in one year
6 January 2023
The one in charge of betting company Bet365 was paid more than ₤ 200m in simply one year, which is among the biggest salaries ever awarded in the UK.
The highest paid director of Bet365 Group, thought to be creator Denise Coates, made a salary of ₤ 213.4 m in the year to March 2022.
She was also entitled to a minimum of half of ₤ 100m in dividends, in spite of a fall in revenues.
Bet365 did not immediately react to the BBC's request for remark.
But project groups such as the High Pay Centre hit out at the announcement, arguing it acted as a tip that "excessive [cash] is going to too few people" in the UK economy.
Its spokesman Andrew Speke said: "It reveals if the government desired to provide greater assistance to those struggling and increase the pay of striking public sector workers dealing with real wage cuts, increasing tax on high incomes and wealth would be among the most effective methods of moneying this."
Labour MP Carolyn Harris, who co-chairs a cross-party parliamentary group analyzing gambling-related harm, stated that losses made by users as prices are rising "are spending for the substantial wages of gambling bosses".
She called on the federal government to advance its white paper on gaming and upgrade laws that have been in place for decades.
Ms Coates founded the Bet365 site in a portable building in Stoke-on-Trent more than 20 years ago. She is believed to be one of Britain's richest women and among the best-paid bosses on the planet.
After training as an accountant she assisted develop the group into among the greatest online gaming business from her daddy's bookmaking organization. Her brother is likewise co-chief executive.
Bet365 betting employer makes ₤ 213m in one year
6 January 2023
The one in charge of betting company Bet365 was paid more than ₤ 200m in simply one year, which is among the biggest salaries ever awarded in the UK.
The highest paid director of Bet365 Group, thought to be creator Denise Coates, made a salary of ₤ 213.4 m in the year to March 2022.
She was also entitled to a minimum of half of ₤ 100m in dividends, in spite of a fall in revenues.
Bet365 did not immediately react to the BBC's request for remark.
But project groups such as the High Pay Centre hit out at the announcement, arguing it acted as a tip that "excessive [cash] is going to too few people" in the UK economy.
Its spokesman Andrew Speke said: "It reveals if the government desired to provide greater assistance to those struggling and increase the pay of striking public sector workers dealing with real wage cuts, increasing tax on high incomes and wealth would be among the most effective methods of moneying this."
Labour MP Carolyn Harris, who co-chairs a cross-party parliamentary group analyzing gambling-related harm, stated that losses made by users as prices are rising "are spending for the substantial wages of gambling bosses".
She called on the federal government to advance its white paper on gaming and upgrade laws that have been in place for decades.
Ms Coates founded the Bet365 site in a portable building in Stoke-on-Trent more than 20 years ago. She is believed to be one of Britain's richest women and among the best-paid bosses on the planet.
After training as an accountant she assisted develop the group into among the greatest online gaming business from her daddy's bookmaking organization. Her brother is likewise co-chief executive.