Bet365 Boss Denise Coates Sees Pay Jump To ₤ 221m.
Bet365 boss Denise Coates sees pay jump to ₤ 221m
ByLora Jones
Business press reporter, BBC News
The boss of Bet365 was paid around ₤ 221m during its last fiscal year, regardless of the gaming giant reporting a substantial loss.
Denise Coates's wage was ₤ 7m greater than the previous year, according to Bet365's latest accounts for the year to March 2023, external.
As creator and joint primary executive of the online gaming company, Ms Coates will likewise have actually received at least ₤ 50m worth of dividends.
Bet365 decreased to comment.
Ms Coates's pay bump indicates that her overall wage over the previous 4 years gone beyond ₤ 1bn.
Campaign groups such as the High Pay Centre explained the pay package as "neither fair nor proportional".
"Ultimately, Britain's prosperity depends on how the wealth our economy creates is shared," stated Luke Hildyard, executive director of the High Pay Centre which focuses on pay and responsible company.
"Pouring hundreds of millions of pounds more on top of billionaire fortunes every year isn't a great way to increase living standards and it over-values the contribution that the super-rich have made."
Bet365 likewise paid an overall ₤ 100m in dividends for the last financial year - a piece of which would have gone to Ms Coates who owns about 57% of the company.
Listen: Good Bad Billionaire - Denise Coates
Doctors advised to ask clients about betting
Ms Coates founded the Bet365 website in a portable building in a Stoke-on-Trent parking area more than twenty years ago. It is now the greatest economic sector company in the city.
After training as an accounting professional, Ms Coates helped build the group into among the most significant online gambling business from her daddy's bookmaking business. Her brother is a co-chief executive.
Bet365 boss Denise Coates sees pay jump to ₤ 221m
ByLora Jones
Business press reporter, BBC News
The boss of Bet365 was paid around ₤ 221m during its last fiscal year, regardless of the gaming giant reporting a substantial loss.
Denise Coates's wage was ₤ 7m greater than the previous year, according to Bet365's latest accounts for the year to March 2023, external.
As creator and joint primary executive of the online gaming company, Ms Coates will likewise have actually received at least ₤ 50m worth of dividends.
Bet365 decreased to comment.
Ms Coates's pay bump indicates that her overall wage over the previous 4 years gone beyond ₤ 1bn.
Campaign groups such as the High Pay Centre explained the pay package as "neither fair nor proportional".
"Ultimately, Britain's prosperity depends on how the wealth our economy creates is shared," stated Luke Hildyard, executive director of the High Pay Centre which focuses on pay and responsible company.
"Pouring hundreds of millions of pounds more on top of billionaire fortunes every year isn't a great way to increase living standards and it over-values the contribution that the super-rich have made."
Bet365 likewise paid an overall ₤ 100m in dividends for the last financial year - a piece of which would have gone to Ms Coates who owns about 57% of the company.
Listen: Good Bad Billionaire - Denise Coates
Doctors advised to ask clients about betting
Ms Coates founded the Bet365 website in a portable building in a Stoke-on-Trent parking area more than twenty years ago. It is now the greatest economic sector company in the city.
After training as an accounting professional, Ms Coates helped build the group into among the most significant online gambling business from her daddy's bookmaking business. Her brother is a co-chief executive.