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Bet365 chief Denise Coates paid herself GBP217m last year

Discussion in 'Online Casinos' started by Yellowsamuel, Nov 12, 2017.

    Nov 12, 2017
  1. Yellowsamuel

    Yellowsamuel Full Member

    Occupation:
    Sailor
    Location:
    Ireland Du North
    I find this obscene to be honest, How much of her income comes from problem gamblers?
    You must register/login in order to see the link.
    :mad:
     
  2. Nov 13, 2017
  3. Steviedoo

    Steviedoo Senior Member

    Occupation:
    Writer
    Location:
    South
    And the people who own the distilleries...and cigarettes....and and and...everything can be addictive.....casinos are offering entertainment, a service call it what you want.....I don't think it's obscene at all...sorry....unless of course bet365 is rogue....then this would be obscene....and just not right.

    And she started this business...
     
  4. Nov 13, 2017
  5. ricky

    ricky Experienced Member

    Occupation:
    banking
    Location:
    london
    its obscene when she denies winners their money...on some rule that third parties are not allowed to bet...when she knows that is what happens eg with the grand national
     
  6. Nov 13, 2017
  7. Steviedoo

    Steviedoo Senior Member

    Occupation:
    Writer
    Location:
    South
    Yes. That’s what i said. It’s obscene if they are rogue. And clearly maybe they are
     
  8. Nov 13, 2017
  9. Yellowsamuel

    Yellowsamuel Full Member

    Occupation:
    Sailor
    Location:
    Ireland Du North
    What i find obscene is for a CEO to pay themselves basically half of the companies profits.
    I suppose I am somewhat jealous and she did start the company herself never the less it seems an excessive reward
    for running an online bookies.
     
  10. Nov 13, 2017
  11. osulle

    osulle Ueber Meister CAG mm4 mm1

    Occupation:
    life
    Location:
    Northern hemisphere
    The article also states that she donated £50 million to charity last year I believe and employs a lot of people in the local area so it's not all that bad. They are listed in the Grey Zone here due to their unwillingness to discuss player issues with CM so they aren't rogue. The business wouldn't be making the profit it has if it wasn't for her input. She built the company after all.
     
  12. Nov 13, 2017
  13. slot_zombie

    slot_zombie Experienced Member

    Occupation:
    Manager
    Location:
    UK
    No wonder the generous £50 in play betting bonuses shrunk to £5...
     
  14. Nov 13, 2017
  15. interlog

    interlog Senior Member MM webmeister

    Occupation:
    Manager
    Location:
    London
    Clicks link..... notices it is the Guardian..... closes tab

    (they do have a real issue with gambling, don't they)
     
  16. Nov 13, 2017
  17. geordiecolin

    geordiecolin Senior Member CAG PABnononaccred mm4

    Occupation:
    Manager
    Location:
    West Sussex
    This peace of shit Casino would not see a penny from me so there is no fear that I would be contributing to her coffers.
     
  18. Nov 13, 2017
  19. theslotsking

    theslotsking Experienced Member

    Occupation:
    it
    Location:
    Australia
    Bet365 are shit and I wouldnt trust them. I was a verified customer and had been with them for 18 months. Came on last weekend and my account was closed. They wanted me to send them a copy of my passport and three months of bank statements for proof of income.

    The main issue stemmed from an incident which happened a fortnight earlier. I deposited a decent amount of money and instantly placed it on a live bet on the tennis. My bet came through and I instantly requested a withdrawl to my bet365 visa card. Due to the amount there was 5 withdrawl requests for the day. Well they say verifying my withdrawl for 72 hours and after numerous calls they finally approved it. A day later though they sent me a email advising I was on notice that they felt I was not a recreational gambler due to the speed at which I made the deposit and then made the subsequent withdrawl. So because I won and instantly withdrew the funds they were not happy.

    I refused to show them my bank statement and they can shove their account up their arse. Its a pity they are a complete bunch of fuckwits as their sports betting products are pretty good but the way they treat their customers is appalling.

    The only thing bet365 cares about is making money and any customer who makes any cash they close their account or limit them.
     
  20. Nov 15, 2017
  21. Rhyzz

    Rhyzz Experienced Member

    Occupation:
    Online Gaming
    Location:
    United Kingdom
    The woman built the business in a Portakabin and you are begrudging her FINALLY taking some money out of the business? This woman up until recently drove a BMW 1 series, she had a reasonably sized house, she has adopted a number of children as she's unable to have her own, she donates millions to charities through her foundation and she works harder than pretty much anyone else I've ever met...seriously catch a grip. If your business was making £500million+ and you owned more than 50% of it of course you'd take a large salary. £217million may sound obscene but she lives in the UK, 50% of that goes to the tax man. Denise has health issues, she could have had bad news and is preparing to give money to her family and children to avoid inheritance tax, which is an obscene tax so is wholly understandable.

    I worked there and left with a smile on my face but you can't deny it's an incredible business. As for the comment about problem gamblers - please, less than 2% of all gambling comes from people deemed to have a problem. Most of 365's money comes from Asia anyway who don't have the human right to spend their money however they please, so if anything they're shitting on the Chinese communists and not many others.

    Winds me up when people attack wealth. Just remember what this woman risked and sacrificed to achieve this number. She employs over 1,000 people in a downtrodden city, she didn't move the business offshore to dodge tax and her personal income tax alone will probably pay for every teacher and nurse in the city over the next 12 months.
     
  22. Nov 15, 2017
  23. Jono777

    Jono777 Meister Member CAG mm4 mm1

    Occupation:
    Self- Employeed
    Location:
    Wolverhampton
    217 Mil, greedy beayach - What I do for just £217 right now :oops:

    They can stick their casino where the sun don't, along with their poxy adverts that pester the fuck out of us during footy match breaks.

    How on earth can she sleep at night, then again people like that can never "see the wood for the trees"
     
  24. Nov 15, 2017
  25. Tengil

    Tengil Senior Member

    Occupation:
    -
    Location:
    Finland
    That's actually completely wrong, generally about 2-3% of the adult population (so not gambling customers) are problem gamblers. And the vast majority do not gamble and of those who do most have close to zero importance on revenue and especially profit.

    And for example in US B&M casinos they account for over 40% of revenue and even higher % of profits. Highrollers and problem gamblers (both groups combined are around 10% of the customer base) account for around 90% of revenue.

    That is for casino gambling though and not comparable to bet365 as I would assume that they have significantly lower revenue % from problem gamblers as they have a large product portfolio where the casino is just a small part (?) and a well known brand so they most likely have a huge amount of recreational players . They do hate winners though and almost instantly cuts off smart bettors.

    Pure online casinos with a low brand recognition are a completely different case as they wouldn't exist without problem gamblers whereas bet365 would and still be successful.
     
  26. Nov 15, 2017
  27. Rhyzz

    Rhyzz Experienced Member

    Occupation:
    Online Gaming
    Location:
    United Kingdom
    Problem gambling has been blown completely out of proportion in the UK lately. The actions of a few who steal and commit fraud to fund their habit have of course been brought to light by the UKGC and rightly so, but finding 1 account in amongst many millions in the databases of bet365, Coral, Ladbrokes etc just goes to show that these businesses are diligent and they take their responsibilities seriously. Like most businesses, they operate within the law and rarely do more than is necessary as it impacts revenue. The UKGC is telling them to do more and they're responding, but I do not believe for one second that 'problem gamblers' - IE) those who have actively seeked help account for much more than a few percentage points of revenue at these huge businesses.

    VIP's are a different story - those who gamble small fortunes can very often afford to do so. There is a fine line in determining problem gambling - those who enjoy it and probably spend too much and those who can't help themselves are very closely linked. It's always a question of affordability which is what is now being tackled quite fiercely at most operators.

    Still, my point stands - attacking wealth and success is bang out of order, especially when you consider the road to get there. Someone like Phillip Green who shifted all of his wealth to his wife who happily lives in Monaco whilst he gets to remain in the UK and conduct his business is a total scumbag - someone like Denise who is as normal as the rest of us is not. Don't believe everything you read in socialist newspapers.
     
  28. Nov 15, 2017
  29. theslotsking

    theslotsking Experienced Member

    Occupation:
    it
    Location:
    Australia
    Bet365 are one of the worst bookmakers in the world. Hopefully with all the regulatory changes Bet365 and the other shit bookmakers such as Ladbrokes and William Hill all piss off and leave Australia.

    These companies rely heavily on problem gamblers and its dillusional to think otherwise.
    I have no problem with wealth or entrepreneurs who make millions/billions but her company does nothing for society except take money from those that cannot afford it.

    In Australia the three bookies mentioned above are always on TV advertising their ods while the footy is on. Just what I want my kids to see when we watch the games together.
     
  30. Nov 16, 2017
  31. Rhyzz

    Rhyzz Experienced Member

    Occupation:
    Online Gaming
    Location:
    United Kingdom
    Merely proving your ignorance here I'm afraid. I'm sure the 5million+ players in the database and 1million+ unique weekly active players are primarily made up of 'problem gamblers', just as most bars make most of their profits from alcoholics.
     
  32. Nov 16, 2017
  33. colinsunderland

    colinsunderland Experienced Member MM webmeister

    Occupation:
    affiliate
    Location:
    uk
    Which other gambling organisation does anything different? Find your comments a bit strange, 365 are generally regarded as one of the better bookmakers, what are you basing your worst comment on?
     
  34. Nov 16, 2017
  35. theslotsking

    theslotsking Experienced Member

    Occupation:
    it
    Location:
    Australia
    No, I find your comments ridiculous. Why anyone would stick up for this dog of a company is beyond me.

    I have mentioned I am in Australia, my comments are based on this country not yours. In Australia Bet365 amongst punters have a ratshit reputation. The main forum site in Australia is punters.com.au and the number of complaints that come through the site against bet365 is alarming. Whats more alarming is the number of complaints registered with the Northern Territory Racing Commission which regulates most bookmakers is increasing on a monthly basis and bet365 tops the list. I have contacts at the commission who have advised complaints are at an all time high.

    Bet365 only caters for customers who lose, winning accounts are limited or promptly closed. It has gotten to the point where there have been that many complaints the federal government in Australia is looking at making changes to the way they operate which would prevent companies like bet365 picking and chosing which clients they want. Exploiting the losers and pissing the winners off.

    I have said previously in other posts that bet365 was a good place to bet, good betting options and plenty of live video coverage however its the people behind the business that have made it an unethical and unreliable place to bet at. Bet365 is not accredited at Casinomeister, its blacklisted at thepoggg and affiliateguarddog.

    You have worked for them previously so no doubt your view point is skewed, as someone who has worked in the gambling industry in Australia I know for certainty that in Australia 35-40% of their profits comes from problem gamblers and not the paltry 2% you spout about which would be complete crap and no doubt a figure that bet365 boasts about.

    Personally I hope the Australia government kicks them out of the country.
     
  36. Nov 16, 2017
  37. electronictonic

    electronictonic Experienced Member

    Occupation:
    Carer
    Location:
    UK
    All high street bookmakers in the UK have restricted accounts, they all do it, they all only want losers especially if you are backing 20/1 shots the night before and they get smashed into 2/1 or whatever and hose up, the only 2 places you can safely play at without fear of being limited is the betting exchanges which would be Betfair which is now merged with Paddy Power and Betdaq which was bought by Ladbrokes a few years ago, they take a small commission off of winnings, so it is in their interest to not start limiting / closing accounts.


     
  38. Nov 16, 2017
  39. theslotsking

    theslotsking Experienced Member

    Occupation:
    it
    Location:
    Australia
    Yes I completely agree. Betfair are by far the safest place to bet, although the TAB in Australia is probably the next safest place to bet.

    I have worked in the regulatory arm previously dealing with bookmaker complaints from the public so my view point is based on first hand experience. However working for a toothless tiger means the bookmakers like bet365 keep getting away with unethical business practises.
     

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