Bet365 Gambling Boss Earns ₤ 213m in One Year
Bet365 gaming manager earns ₤ 213m in one year
6 January 2023
The boss of gambling firm Bet365 was paid more than ₤ 200m in just one year, which is one of the biggest salaries ever awarded in the UK.
The highest paid director of Bet365 Group, believed to be founder Denise Coates, earned a wage of ₤ 213.4 m in the year to March 2022.
She was also entitled to a minimum of half of ₤ 100m in dividends, regardless of a fall in earnings.
Bet365 did not instantly react to the BBC's ask for remark.
But project groups such as the High Pay Centre struck out at the statement, arguing it acted as a suggestion that "excessive [cash] is going to too couple of people" in the UK economy.
Its spokesman Andrew Speke stated: "It shows if the government desired to offer higher support to those having a hard time and increase the pay of striking public sector employees facing real wage cuts, increasing tax on high earnings and wealth would be among the most effective methods of funding this."
Labour MP Carolyn Harris, who co-chairs a cross-party parliamentary group analyzing gambling-related damage, said that losses made by users as costs are rising "are paying for the huge salaries of betting bosses".
She called on the government to bring forward its white paper on gaming and upgrade laws that have actually been in location for years.
Ms Coates founded the Bet365 website in a portable building in Stoke-on-Trent more than twenty years ago. She is thought to be among Britain's richest women and amongst the best-paid bosses in the world.
After training as an accountant she assisted develop the group into among the biggest online betting companies from her daddy's bookmaking business. Her bro is likewise co-chief executive.
Bet365 gaming manager earns ₤ 213m in one year
6 January 2023
The boss of gambling firm Bet365 was paid more than ₤ 200m in just one year, which is one of the biggest salaries ever awarded in the UK.
The highest paid director of Bet365 Group, believed to be founder Denise Coates, earned a wage of ₤ 213.4 m in the year to March 2022.
She was also entitled to a minimum of half of ₤ 100m in dividends, regardless of a fall in earnings.
Bet365 did not instantly react to the BBC's ask for remark.
But project groups such as the High Pay Centre struck out at the statement, arguing it acted as a suggestion that "excessive [cash] is going to too couple of people" in the UK economy.
Its spokesman Andrew Speke stated: "It shows if the government desired to offer higher support to those having a hard time and increase the pay of striking public sector employees facing real wage cuts, increasing tax on high earnings and wealth would be among the most effective methods of funding this."
Labour MP Carolyn Harris, who co-chairs a cross-party parliamentary group analyzing gambling-related damage, said that losses made by users as costs are rising "are paying for the huge salaries of betting bosses".
She called on the government to bring forward its white paper on gaming and upgrade laws that have actually been in location for years.
Ms Coates founded the Bet365 website in a portable building in Stoke-on-Trent more than twenty years ago. She is thought to be among Britain's richest women and amongst the best-paid bosses in the world.
After training as an accountant she assisted develop the group into among the biggest online betting companies from her daddy's bookmaking business. Her bro is likewise co-chief executive.