Bet365 Chief’s Pay Reached GBP 265 Million Last Year

Billionaire founder and CEO Denise Coates oversaw a strong group performance

Denise Coates, the billionaire founder and CEO of UK betting giant bet365, saw her pay climb by GBP 45 million last year following a strong business performance by the group.

The company’s financial reportage shows that Coates earned GBP 265 million, up from GBP 220 million in the preceding year, comprised of a base salary of GBP 220 million and a GBP 45 million dividend.

Coates owns more than half of the companys shares and in company with her father and brother the family controls 93 percent of the company, which is not listed on the stock market.

The big pay day comes after a strong year for the company with profits up 31 percent to GBP 660 million and revenues up 25 percent to GBP 2.9 billion (see previous InfoPowa reports).