Denise Coates
Denise Coates was bornon 26 September 1967 in Stoke-on-Trent, United Kingdom, United Kingdom, is Founder and Joint CEO, Bet365. Denise Coates is #397 in List Billionaires People In The World. Denise Coates is co-CEO of Bet365, one of the world's largest online gambling companies, along with her billionaire brother, John. She started out working for her father, crunching numbers in his betting shops while still in school. After training as an accountant, she took over some of those shops, turning around their fortunes before selling them to large bookmaker Coral. Noting the success of online gambling businesses, Coates bought the domain Bet365.com in 2000 and launched the website in 2001. She owns around half of privately held Bet365, which had $2 billion in revenues and facilitated $45 billion in bets in the year through March 2016.
| 2014 | $1.6 Billion |
|---|---|
| 2015 | $2.9 Billion |
| 2016 | $3.8 Billion |
| 2017 | $3.6 Billion |
| 2018 | $5.06 Billion |
In 2017, Coates was criticised for paying herself £217m, with Mike Dixon, CEO of Addaction, saying "It cannot be right that the CEO of a betting company is paid 22 times more than the whole industry ‘donates’ to treatment
Since its inception, 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 2015, Bet365 moved its headquarters to Gibraltar because of its favourable regulations
In 2013, Coates was named as one of the 100 most powerful women in the United Kingdom by Woman's Hour on BBC Radio 4
In 2012, Coates was appointed a Commander of the Order of the British Empire (CBE) for services to the community and business
In 2005 these shops were sold to Coral for £40 million which also paid off the loan to RBS
In January 2000, Coates purchased the domain name Bet365
In 1995, she became managing director of the betting shop estate
Denise Coates CBE (born 26 September 1967) is an English billionaire businesswoman, the founder and joint chief executive of online gambling company Bet365
