International

UK betting boss tops league with £323m annual salary

2019-12-18 18:27
 coins in a jar

London - Denise Coates, chief executive of British online betting giant Bet365, has retained her place as Britain's highest-paid boss, according to the group's annual report published on Wednesday.

She was paid a basic salary of £277 million ($366 million, 328 million euros) in the group's financial year to March, the company's annual report showed. 

Coates, 52, who co-founded Bet365 in the early 2000s, also earned more than £46 million in shareholder dividends thanks to her 50-percent stake in the company.

Forbes business magazine estimates that her total worth stands at $12.2 billion (10.9 billion euros).

Her latest annual salary of £277 million was up £57 million on the previous year.

Bet365, based in the central English city of Stoke-on-Trent, also said that annual revenues increased by seven percent to £3.06 billion and pre-tax profit jumped by a fifth to £791 million.

However, the group took a hit of £8.7 million from the relegation of the Stoke City from the English Premier League. Bet365 owns the football club. 

Read more on:    betting  |  soccer

 

Read News24’s Comments Policy

Live scoring

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2018/19 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs
Vote

After Stuart Baxter stepped down as Bafana Bafana head coach, who would you like to see take over?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.