Bet365 boss Denise Coates’s pay package rises to £280m

Archie MitchellBusiness reporterPA MediaDenise Coates, the founder and chief government of Bet365, obtained a pay package deal of at the very least £280m in 2025, marking one other 12 months as one among Britain’s highest-paid bosses.Her complete earnings jumped by greater than two thirds from nearly £158m a 12 months earlier, regardless of earnings on the playing agency tumbling.Ms Coates was awarded £104m in wage within the 12 months to March 2025, Firms Home filings present.As well as, as a majority shareholder in Bet365, she was entitled to at the very least half of the £354m dividend cost declared by the agency for the 12 months.The £280m package deal means she has earned greater than £2bn from Bet365 over the previous decade.Marketing campaign group the Excessive Pay Centre condemned Ms Coates’s pay as too excessive.Director Andrew Speke stated: “Denise Coates is well-liked in Stoke for being self-made and giving again to her group.”However the eye-watering sums she earns go far past what anybody wants for a lifetime of luxurious – and her fortune comes from an trade that has precipitated actual hurt to too many individuals.”Bet365 has been approached for remark.Her newest pay deal got here as Bet365’s pre-tax revenue fell to £339m for the 12 months, from £596m beforehand. Total income rose by 9%, from £3.7bn a 12 months earlier to £4bn.Ms Coates based Bet365 in a transportable constructing in a Stoke-on-Trent automobile park greater than 20 years in the past. It’s now the most important personal sector employer within the metropolis and provides sports activities betting, poker, on line casino video games and bingo on-line to thousands and thousands of consumers worldwide.She is one among Britain’s richest girls and among the many world’s highest-paid executives.After coaching as an accountant, Ms Coates helped construct Bet365 into one of many greatest on-line playing firms from her father’s bookmaking enterprise. Her brother, John Coates, is a co-chief government of the corporate.In addition to being one of many UK’s best-paid bosses, Ms Coates is reportedly among the many nation’s greatest taxpayers. Her £104m wage would see her pay tens of thousands and thousands in revenue tax and nationwide insurance coverage.Bet365 additionally stated the corporate paid £482m of tax within the 12 months to March, up from £364m a 12 months earlier, together with tax on dividend funds.Throughout the 12 months, Bet365 donated £130m to the Denise Coates Basis, which donates to charities masking schooling, arts and tradition and well being.