The Times has published its list of the top UK taxpayers in 2023, revealing that bet365 Founder and Owner Denise Coates has lost her leadership position in the table. The Coates family – owners of the bet365 Group, its B2C betting brand, Hillside Technology holding and by extension Stoke City FC – paid £460.2m in UK taxes in 2022. This …
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bet365 operating profit drops to £15.4m but global outlook remains strong
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% …
Read More »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 …
Read More »JKR Investment Group: Investors must take a global approach to diversity
Tetiana Vozniuk (pictured, below), Investment Manager in JKR Investment Group, gives her view on why investors must step up and take more of a global approach towards diversity, rather than inciting a ‘tug of war’ between genders. It seems as if the gender equality issue has been on top in media and society for the past couple of years. And …
Read More »bet365 growth momentum stalled by pandemic circumstances
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 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 …
Read More »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 …
Read More »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 …
Read More »bet365 helps Trent Vale School set up Sierra Leone project
The latest news from the bet365 charitable foundation is that a donation of £230,000 has been made to help a school in Trent Vale set up a project for vulnerable children in Sierra Leone. St. Joseph’s College has had a long running partnership with Sierra Leone, and since 2007 has been sending groups of teachers and students to help schools …
Read More »Denise Coates sets up £100 million charitable foundation
Denise Coates, founder of the UK bookmaker Bet365, has set up a £100m charitable foundation. This follows the recent success of the Stoke based operator which saw profits more than double last year. The firm announced pre-tax profits of £319m compared to the previous year’s total of £148m. This figure also takes account for £5m in losses in relation to …
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