Bet365 Boss Denise Coates Takes Home Almost £300 Million in First Year of Pandemic
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Bet365 Boss Denise Coates Takes Home Almost £300 Million in First Year of Pandemic

Lockdown was good for some 💸

by - Thursday, March 3rd, 2022 1:45
Bet365
Bet365 Boss Denise Coates Takes Home Almost £300 Million in First Year of Pandemic for the financial year ending on March 28th 2021 have revealed that owner Denise Coates was paid just under £300 million (€362/$401 million) during the first year of the global pandemic.

Bet365 Boss Denise Coates Takes Home Almost £300 Million in First Year of Pandemic

The drop in sports betting activity was mitigated by Bet365’s move into other activities such as slot gaming and online casino products. A surge in online gaming as a result of the pandemic-enforced lockdowns then helped to offset any losses due to the cancellation of live sports.

As a result, the report filed at Companies House shows that the company generated revenues of £2.8 billion (€3.4/$3.7 billion), almost the exact same as the previous year. This led to a profit of £470 million (€567/$628 million) for the financial year.

Bet365 Boss Denise Coates Takes Home Almost £300 Million in First Year of Pandemic Bet365 Boss Denise Coates Takes Home Almost £300 Million in First Year of Pandemic made charitable donations of £103 million (€157/$174 million), up 46% on the amount donated in the previous year. The majority of these donations went directly to the Denise Coates Foundation.

Natasha Lyndon

Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.