According to Bet365 records for FY March 2024, Denise Coates earned Rs 950 crore in salary and Rs 550 crore in dividends, totaling Rs 1,500 crore annually. This amounts to Rs 4 crore earned every day
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An Englishwoman started a small company in 2000 from a small car park. Currently, her company has grown huge in size, earned a lot of money, and has employed 8,500 people so far.
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This woman has also amassed such wealth that people are astonished when they hear about it. However, people condemn her as well, because her company is a gambling platform, where millions of people earning small incomes try their luck and lose money.
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Denise Coates’ company, Bet365, is currently the world’s largest online gambling platform. Denise Coates is currently one of the richest women in Britain.
In 2024, she earned Rs 1,500 crore (about £150 million) from her company, Bet365. This income is her personal income, not that of the company. However, her salary is less than last year. Coates’ total wealth has exceeded Rs 20,000 crore ($2 billion) in the last seven years.
According to the records submitted by Bet365 in the financial year (FY) ended March 2024, Denise Coates received a salary of Rs 950 crore from the company. Apart from the salary, she received half of the total dividend of Rs 1,100 crore. This took her total annual income to Rs 1,500 crore. Calculated daily, her earnings amount to more than Rs 4 crore per day.
In the last decade, Denise Coates has earned an income of about Rs 24,000 crore (£2.4 billion). When Covid-19 emerged in 2020, online gambling increased significantly. In the same year, she earned a record-breaking Rs 4,690 crore. Obviously, such a huge earning also caught the attention of Denise Coates’ critics.
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Denise’s family also plays a significant role in this company. Her brother, John Coates, is the joint chief executive and a major shareholder in the company. Apart from this, the Coates family also controls Stoke City Football Club. Its stadium is named after Bet365.
While Bet365 has made a fortune, it is not untouched by controversies. In 2020, Denise’s father, Peter Coates, donated Rs 25 lakh (£25,000) to British Prime Minister Keir Starmer (Labour Party). After this, serious questions were raised in political circles about both Starmer’s party and the platform. In 2023, the company was also fined Rs 5.82 crore (£582,000) for lapses in customer safety and failure to prevent possible money laundering.
