Tag Archives: Coates Family

bet365 growth momentum stalled by pandemic circumstances

bet365

bet365 Group has seen its year-on-year growth drive come to an end, as the betting group could not escape 2020 pandemic circumstances. Filing its 2019/2020 corporate accounts, the Coates family-owned business disclosed group revenues of £2.8 billion, down 8% on corresponding 2018/2019 results of £3 billion. The Stoke-based operator’s trading momentum was derailed by COVID-19’s suspension of the global sports …

Read More »

bet365 terminates legacy telebetting service

bet365

bet365 has confirmed the closure of its long-running telephone betting (telebetting) operations, stating that demand for the service had declined to minimum rendering it obsolete. The Coates family-owned betting business has operated a telebetting service since the company’s foundation in 2000 in Stoke-on-Trent, Staffordshire. This week, bet365 confirmed that it had shut down its 0871 218 4131 telebetting number, revealing …

Read More »

Tech muscle helps bet365 break £2 billion revenue mark

SBC News Tech muscle helps bet365 break £2 billion revenue mark

Filing its 2016/17 corporate accounts (12-month period ending March 2017), independent online betting group bet365 has detailed that it has surpassed the £2 billion revenue mark (2015/16: £1.6 billion). The Stoke-based operator details that during 2016/17 its betting/gaming assets recorded £46 billion in player wagers. The independent firm’s improved revenue metrics would see bet365 declare full-year corporate profits of £503 …

Read More »

bet365 Coates maintain position as highest ranking digital owners in The Sunday Times Rich List

SBC News bet365 Coates maintain position as highest ranking digital owners in The Sunday Times Rich List

The Coates family, the founders and largest shareholders of leading online betting operator bet365, have retained the title of highest-ranking digital enterprise owners in this year’s ‘The Sunday Times Rich List’. With a combined estimated wealth of £5 billion, Denise (CEO), John (COO) and Peter (Chairman) Coates have ranked 22nd in this year’s Rich List. The Sunday Times details that …

Read More »

Gambling industry tycoons feature in Sunday Times Rich List

SBC News Gambling industry tycoons feature in Sunday Times Rich List

Billionaire brothers David and Simon Rueben co-owners of Arena Racing UK, have featured as the highest placed Brits in the 2015 Sunday Times Rich List. The Sunday newspaper estimates the brothers to be worth a combined £9.7 billion. The Rueben brothers are reported to have earned an additional £700 million in 2014, through diverse investments in property, digital services and …

Read More »