April 13, 2021

DealMakerz

Complete British News World

Rich woman in the United Kingdom sees her pay rise as her online gambling company collapses

Pete 365’s founder and CEO Denise Coates (53) has a salary and dividend of 46 468.9 million (approximately US $ 648 million), almost 50% higher than the previous year, according to a report by online bookmaker

His salary of 1 421.2 million from a British company with the meeting of closed shareholders leaves him as one of the highest paid employers in the world. In addition, it strengthens the United States’ status as the richest woman in the world, adding more money to one of the world’s richest 500 billionaires, according to Bloomberg. According to data collected by the American Telecommunications Agency, Coates has earned more than $ 1.5 billion over the past decade.

Founded nearly two decades ago, Bet365 Business is gaining popularity in online gaming racing. Stoke-on-Trent reported revenue of 2. 2.8 billion for the fiscal year ended March 29, 2020 due to the corona virus infection. 8% less than the previous year. The game stopped racing. Operating profit fell more than half to .7 194.7 million, raising Coates’ salary from 27 276.6 million.

Coates’ representatives did not immediately respond when contacted.

After graduating from Sheffield University with a degree in environmental measurement, Coates trained to become an accountant and took over a small chain store owned by his father. According to a report from the University of Staffordshire, at the age of 22 he became managing director of the business and expanded the number of stores before deciding to turn the business online. In addition to Bet365, Coates and his family own the Stoke City Football Club.

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Coates is only one of 17 UK millionaires in Bloomberg’s rich list, including Virgin Group founder Richard Branson and Tottenham Hotspur football club owner Joe Lewis.

Coates donated $ 10 million last year to the UK effort to fight the corona virus, while Bet365 contributed $ 85 million to its foundation in its latest accounts. The Denise Coates Foundation had a net asset value of $ 7,377.8 million at the end of March 2019, according to its latest report.

Translated by Alfonso Jagel Rojas.