A British billionaire businesswoman who is the founder and joint chief executive of online gambling company Bet365 is named for Denise Coates. She purchased the domain name Bet365.com in January 2000. Bet365 has grown into one of the world’s largest online gambling companies, with $2 billion in revenues and facilitating $45 billion in bets in the year through March 2016. In October 2019, Forbes magazine estimated her net worth at $12.2 billion.
Denise Coates, the CEO of Bet365, won a £323 million jackpot.
Denise Coates, the CEO of Bet365, has been paid £323 million, cementing her status as the UK’s highest-paid executive. As the success of online gaming grows, the co-founder of the company was paid a £277 million salary plus dividends. Her pay increased to £220 million in the year to end-March, according to the firm’s accounts. However, the increase comes at a time when the industry is under fire, particularly for its treatment of children who gamble. Ms. Coates and members of her immediate family own the privately held business, which includes her brother John, who is a joint chief executive, and her father Peter, the firm’s chairman. Bet365 claims to have a “unwavering commitment to provide industry-leading approaches to player security,” which includes consumer gambling tracking, and that it will “terminate the [customer] relationship if it believes the risk of harm is too great.”
Denise Coates was born in the United States.
Denise Coates was born in England on September 26, 1967. Her race is White and her nationality is English. Peter Coates, the chairman of Stoke City F.C. and a director of Bet365, is her father. John Coates, her brother, is also a member of her family. She graduated from the University of Sheffield with a first-class degree in econometrics. She is a devout Christian. She celebrated her 52nd birthday with her parents in 2019.
How did Denise Coates get her start with Bet365?
Denise Coates bought the Bet365.com domain name in January 2000 and spent a year building a new online betting platform.
In 2001, Bet365.com was introduced.
RBS granted the company a £15 million loan secured by the family’s betting shop estate.
These stores were sold to Coral in 2005 for £40 million, which included the repayment of the RBS loan.
Bet365 has risen to become one of the largest online gambling firms in the world, with $2 billion in sales and $45 billion in bets placed in the year ending March 2016.
Aside from that, the firm holds a controlling stake in Stoke City Football Club.
In 2015, Bet365 relocated its headquarters to Gibraltar due to the favorable regulatory climate.
She continues to operate the business with her partner, John Coates, who is also the co-CEO.
With 50.01 percent of Bet365, she is the majority shareholder.
Mike Dixon, CEO of Addaction, criticized her in 2017 for paying herself £217 million, saying, “It cannot be right that the CEO of a betting firm is paid 22 times more than the entire industry “donates” to treatment.”
She also established the Bet365 Foundation in August 2012, which was renamed the Denise Coates Foundation in February 2016, and has contributed £100 million to twenty UK charities to fund initiatives both at home and abroad.
In 2012, she was given the title of Commander of the Order of the British Empire (CBE) for her contributions to the community and industry.
Staffordshire University awarded her an honorary doctorate in 2012.
In 2013, Woman’s Hour on BBC Radio 4 called her one of the 100 most influential women in the UK.
In 2019, she was inducted into the Sports Betting Community (SBC) Hall of Fame for her contributions to the gaming industry.
Denise Coates: Is She Married?
Denise Coates is a married woman with two children. She is married to Richard Smith, and the couple lives “quietly” in a farmhouse in Betchton, Cheshire, near Sandbach. Richard Smith is a Stoke City Football Club owner. Her Aston Martin has customized number plates with her name on them. They have five children, four of whom were identified as “recently adopted from the same family” in March 2014. As of now, the couple is living a happy, trouble-free life.
Denise Coates’ net worth is unknown.
Forbes magazine measured her net worth to be $12.2 billion as of October 2019. Her exact salary is still being determined and has not been announced. “Obviously, people who create good businesses deserve to be compensated for their hard work, but this is an obscene amount of money for someone who is already a billionaire,” Luke Hildyard of the High Pay Centre said, “but this is an obscene amount of money for someone who is already a billionaire.” Her corporate career is her primary source of income. She is happy with her earnings in general.
Denise Coates’ height is unknown.
Denise Coates, despite her age of fifty-two, appears to be quite attractive and youthful. She stands at a perfect five feet and six inches tall and weighs 58 kilograms. Her other body dimensions have yet to be revealed, but they will be added as soon as we learn more. She has the kind of beautiful body that every woman desires. Her physique is slender, and she takes great care of herself.