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UK Betting Boss Tops League With £323m Annual Salary

By AFP

18 December 2019   |   1:47 pm

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Denise Coates, chief executive of British online betting giant Bet365, has retained her place as Britain's highest-paid boss, according to the group's annual report published on Wednesday.

FILE PHOTO: bet365 Chief Executive, Denise Coates, poses with her Commander of the British Empire (CBE) medal after being knighted by Britain’s Prince Charles at Buckingham Palace in London May 15, 2012. REUTERS/Sean Dempsey/pool/File Photo

Denise Coates, chief executive of British online betting giant Bet365, has retained her place as Britain’s highest-paid boss, according to the group’s annual report published on Wednesday.

She was paid a basic salary of £277 million ($366 million, 328 million euros) in the group’s financial year to March, the company’s annual report showed.

Coates, 52, who co-founded Bet365 in the early 2000s, also earned more than £46 million in shareholder dividends thanks to her 50-percent stake in the company.

Forbes business magazine estimates that her total worth stands at $12.2 billion (10.9 billion euros).

Her latest annual salary of £277 million was up £57 million on the previous year.

Bet365, based in the central English city of Stoke-on-Trent, also said that annual revenues increased by seven percent to £3.06 billion and pre-tax profit jumped by a fifth to £791 million.

However, the group took a hit of £8.7 million from the relegation of the Stoke City from the English Premier League. Bet365 owns the football club.