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Bet365: UK's best-paid manager hits ₤ 323m jackpot
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Bet365 employer Denise Coates has actually received a ₤ 323m payday, verifying her position as the UK's finest paid executive.
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The co-founder of the [online betting](http://wangchongwu.vicp.fun3333/jolieseverance) [company](http://wangchongwu.vicp.fun3333/eltonperin7471) was paid a ₤ 277m income plus dividends as the [popularity](https://super-admins.online/kandicecolbert) of online gaming continues to grow.
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The firm's accounts, external show that in the year to end-March her from ₤ 220m on the previous period.
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But the [increase](https://gogolive.biz/@artsco70798479?page=about) comes as the market faced mounting criticism, consisting of over [kids betting](https://kition.mhl.tuc.gr/kaleybertram34).
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Gambling: How much do we spend in the UK?
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The independently held business is [owned collectively](https://btslinkita.com/@stellablanton1?page=about) by Ms Coates and members of her direct family, including her sibling John, who is joint president, and her father Peter, the [firm's chairman](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR).
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Ms Coates made a first-class degree in econometrics - the application of statistical methods to economic data - from Sheffield University before joining the High Street wagering firm, run by her father.
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She recognized the capacity of online gaming in 2000 and invested in [the yohaig code](https://lesla.com/@clarence555768) domain name Bet365.com so that she might drive the family organization because direction.
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Bet365 earned a profit before tax of ₤ 791m in the year, compared with ₤ 661m the year before.
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The firm paid [dividends](https://shiatube.org/@ernestineo218?page=about) of ₤ 92.5 m, half of which are thought to have actually gone to Ms Coates, as the owner of about half of Bet365's shares.
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The group of companies owns Stoke City Football Club, which made a loss of ₤ 8.7 m in the year.
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The High Pay Centre, a think tank which keeps track of earnings, said the timing of the release of the Bet365 results looked "cynical", given it was simply after a general election.
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High [Pay Centre](https://x.com/YohaigNG/status/1845872747924123782) executive director Luke Hildyard stated: "This looks like negative timing, slipped out directly after a basic election campaign where excess wealth, taxes on the abundant and the vast gap in between those at the top and everyone else have been key issues."
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He included: "Business success should be incentivised and rewarded, but a payment a fraction of this size would still pay for a lifestyle beyond the wildest dreams of many people."
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Mr Hildyard said there was "clearly scope" for those [building](https://super-admins.online/danilotatum380) up such amounts to pay their workers more or [contribute](https://englishlearning.ketnooi.com/@jadai789279578?page=about) more in taxes.
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Child gambling
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In October, Cardiff University research study recommended that two-fifths of 11 to 16-year-olds had gambled in the previous year.
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The study said this was "especially worrying, given that across the UK, a lot of kinds of commercial gaming are only legal for those aged 18 and over".
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Fruit devices were the most popular kind of betting, followed by [playing cards](https://gitea.severmed.com/deonsealey6705) for cash with buddies and scratchcards.
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Dr Graham Moore of the Centre for the [Development](https://git.bigtravelchat.com/philliptunbrid) and Evaluation of Complex Interventions for Public Health [Improvement stated](https://www.cupidhive.com/@jilliankarr209) at the time: "The proof reveals that individuals who bet previously in life are more likely to become issue gamblers in their adult years."
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However, a [Betting Commission](https://kition.mhl.tuc.gr/selmasnowball) study in October, external suggested that 11% of kids had gambled within a week of the study being [performed](http://wangchongwu.vicp.fun3333/aleidakimbrell).
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But in addition, the regulator alerted in July, external of research study that showed links between "issue betting and suicidal thoughts or efforts".
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Bet365 says it has "a steady dedication to deliver industry-leading methods to player security", consisting of monitoring consumer gaming, and says it will "terminate the [client] relationship if it feels the threat of damage is too expensive".
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How much should bosses be paid?
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Child gambling a 'growing problem' - study
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15 October 2019
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