Tag Archives: denise coates

bet365 operating profit drops to £15.4m but global outlook remains strong

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While retaining a dominant position in global online betting, bet365 Group has revealed a mixed performance for 2021/22 trading, citing modest gains in betting and gaming profit, but a decline in overall group profit year-on-year.  Submitting its filings to the UK Companies House, the private limited betting operator detailed total sports and gaming revenue of £2.851bn, an increase of 2% …

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Bet365 experiences stake decline but maintains prominent market position

SBC News Bet365 experiences stake decline but maintains prominent market position

Bet365 Group has experienced a bounceback from COVID-19, with the company reporting that profits remain high despite the amount wagered on sports across its platform falling last year. Issuing its financial statement covering the 12 month period ending on 28 March 2021, the Stock-on-Trent-based operator revealed that the amount wagered on sport on the bet365 website fell by 13%. Despite …

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bet365 growth momentum stalled by pandemic circumstances

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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 …

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bet365 Coates family highest ranking digital owners in The Sunday Times Richlist

SBC News bet365 Coates family highest ranking digital owners in The Sunday Times Richlist

bet365 owners the Coates family have been ranked 24th in The Sunday Times Richlist for 2016, with an estimated wealth of £3.8 billion. The UK newspaper reports that Denise (CEO), brother John (Co – CEO) and father Peter (Chairman) combined wealth gained £1.4 billion in the past twelve months, moving the Coates into the top 25 richest people living in …

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bet365 wants more maths teachers in Stoke

SBC News bet365 wants more maths teachers in Stoke

The local council and bookmaker Bet365 have teamed up to launch a £1m scheme aimed at attracting more maths teachers to Stoke. The initiative will see the money go towards paying off the tuition fees of those graduates that opt in and become maths teachers in Stoke. They’ll also be given relocation payments. The details of this scheme, which is half funded …

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The Financial Times profiles Stoke business leader Denise Coates

SBC News The Financial Times profiles Stoke business leader Denise Coates

UK business news source The Financial Times (FT) has profiled bet365’s founder and Co-CEO Denise Coates. The profile, written by Enterprise Editor Andrew Bounds, describes Coates as the ‘driving force’ behind the operator’s success and rapid growth. In a period of 15 years bet365 has become the world’s largest online gambling operator employing more than 2000 staff, making the company …

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