CNN —The founder and boss of gambling company Bet365 earned a salary of around $281 million (£221 million) in the last financial year – ending March 26, 2023.
Denise Coates, the joint-chief executive and majority shareholder of Bet365, also earned at least 50% of the company’s $127 million (£100 million) in dividends on top of her $281 million salary, company accounts published on Sunday show.
Her base salary is an increase of about $10 million compared to last year, even as Bet365 made pre-tax losses of around $77 million (£60.2 million).
The Coates family was also estimated by the Sunday Times to be the UK’s second-highest tax payer in 2023, contributing around $585 million (£460 million).
Last year, the club incurred pre-tax losses of $15.8 million (£12.4 million).
Persons:
Bet365, Denise Coates, Coates, BBC –, Luke Hildyard, “, Nathan Stirk
Organizations:
CNN, BBC, Pay, Trent, Denise Coates Foundation, Sunday Times, Forbes, Bet365, Stoke City Football Club, Commission
Locations:
Bet365, English, Stoke, Trent