Bet365 is an online betting and gaming company, who are one of the world’s leading online bookmakers.

A Brief History

From 1995, Denise Coates had been managing director of the betting shop estate started by her father in 1974.

In 2000, Denise created Bet365 in a portacabin in Stoke-on-Trent. From there, she launched the company online, having developed a platform for sports betting and a trading team. That launch came in March 2001, funded by a bank loan against the betting shop estate.

Bet365 boss Denise Coates' pay rises to 'eye-watering' £265m. Bumper deal comes after strong year for company but the salary is many times the amount set aside by the whole industry to treat. Bet365+Betfair Linked to Skrill same person accounts 3.7 (3) 100% Verified bet365 and betfair Linked to skrill same person account UK with full documents and also with Same RDP(Vps) 1 year Price is 185$ Make order here Limited Stock. Denise Coates Biography - Life and History of Bet365 Owner Denise Coates – Bet365 Mastermind Denise Coates is a British businesswoman who founded online gambling juggernaut Bet365. She serves as the company’s co-CEO (along with her brother, John), and she’s also their majority shareholder (50.3%). Bet365 is a UK gambling platform founded by Denis Coates. The company started in 2000 as a sports betting platform. However, over the years, they have added other services which include casino operation, a racebook, poker, and Bingo.

The billionaire founder of bookmaker Bet365 paid herself £265million last year – a record for the boss of a UK firm. Denise Coates, 51, pocketed the huge sum through a combination of pay.

When the betting shop estate was sold in 2005, to Coral, for around £40 million, the initial loan was paid off in full.

What set Bet365 apart from other online betting companies was the availability of markets on lesser known sports, and smaller competitions in the more well-known sports. This gave them an edge over the competition and allowed the company to grow into a major force. It has now become one of the largest and most popular online betting companies in the world.

As well as being so popular, Bet365 has also received several awards. It has been named number one internet gaming company by eGaming Review several times, and was voted Operator of the Year by them in 2010.

Bet365 Owners

The Bet365 Foundation was set up by Denise in 2012, with a focus on community, education, and medical research. So far, the company has donated more than £20 million to this charity.

In 2016, the company moved its Stoke-on-Trent operations to a new state-of-the-art headquarters and opened a satellite office in Manchester.

The same year, figures showed that customers had wagered more than £36 billion in twelve months, which was up by over £2 million from the year before. This shows how the company is still growing.

Denise still owns 50.1% of the company, her father Peter is chairman of the company as well as being owner and chairman of Stoke City FC, and Denise’s brother John is joint chief executive.

What Bet365 Offers

Bet365 not only offers an array of betting markets on several sports, it also rewards new customers with fantastic welcome bonuses.

One such offer is the 100% deposit bonus, up to £200. Terms and conditions apply, but basically what this means is that customers who deposit £10 or more will receive a matched bonus to bet with.

Other significant offers, which apply to new and existing customers, include the Euro Soccer Bonus. This is a great offer for those who like to do an accumulator bet, because you will get a bonus up to 100% if you win.

Editor Note: You can claim these offers and any other whilst they are on by signing up with this link.

For pre-match accumulator football bets of three teams or more on top European domestic league matches and select Champions League matches, a bonus of between 5% and 100% will be added to your winnings. T&C’s apply to this offer, as expected, but this bonus could see you receive up to £100,000 more than the payout of your accca.

Other football related offers are ‘Bore Draw Money Back,’ where you will receive your stake back on correct score, HT/FT, and scorecast bets if the match finishes 0-0. There’s also Each-Way first goalscorers available, offering 1/3 odds for unlimited places in the match.

For horse racing punters, Bet365 guarantee the best odds available for races shown live on ITV.

Sports Available to Bet on With Bet365

Bet365 has markets available for several sports, from popular ones such as football, horse racing, and tennis, to more obscure sports such as volleyball and alpine skiing.

Just scrolling down the menu on the home page shows markets available for more than 40 different sports. There are also markets for e-sports, virtual sports, and lotto.

At the time of writing this, the available sports listed on the home page are:

American Football, Athletics, Aussie Rules, Baseball, Basketball, Boxing/UFC, Cricket, Cycling, Darts, E-Sports, Futsal, Gaelic Sports, Golf, Greyhounds, Horse Racing, Ice Hockey, Motor Sports (F1, Indy, Motorbikes, Nascar, Rally, Supercars), Rugby League, Rugby Union, Snooker, Soccer, Speedway, Tennis, Virtual Sports, Volleyball, Winter Sports (Alpine Skiing, Biathlon, Cross Country Skiing), More Sports (Badminton, Beach Volleyball, Handball, Netball, Surfing, Swimming, Table Tennis, Trotting, Water Polo).

For those of you who like to have a punt on non-sporting events, Bet365 offer a specials section. In this section, punters can gamble on events such as the next UK General Election or the next US Presidential Election.

In-Play/Cash-Out/Streaming

In-Play is a big thing in sports betting nowadays, and Bet365 are constantly striving to improve this facility. The latest update to the in-play technology means that Bet365 can now handle thousands of changes per second, to keep punters up-to-date on what is happening and able to bet throughout sporting events.

One of the most popular additions to live betting is the ability to cash-out, meaning a punter can secure a profit before the event bet on has even finished. Bet365 have improved the cash-out facility for their customers, introducing partial cash-out and, more recently, the ability to set your bet to cash-out automatically if certain customer-set conditions are met.

Live streaming is a huge part of Bet365, with more than 20,000 sporting events shown live each year. Customers with a funded account can stream certain live sporting events, such as football matches or horse races, to give more entertainment and enable them to watch what they’ve gambled their money on.

Denise CoatesCBE (born 26 September 1967) is a British billionaire businesswoman, the founder and joint chief executive of online gambling company Bet365.^[2]

In October 2019, Forbes magazine estimated Coates's net worth at $12.2 billion.^[3] In 2018, Coates was paid a £323 million, which included a 50 per cent share of a £92.5m company dividend.^[4] As of 2019, Coates is the highest paid chief executive of any UK company and one of the wealthiest woman in Britain according to the Sunday Times Rich list.^[4][5]

Bet365 Owner Salary

Early life[edit]

Denise Coates was born the eldest daughter of Peter Coates, chairman of Stoke City F.C. and a director of Bet365. She earned a first class degree in econometrics from the University of Sheffield.^[6]

Business career[edit]

While at school, Coates started work in the cashiers' department of Provincial Racing, a bookmaking firm owned by her family. After leaving university, she continued to work at Provincial Racing, as an accountant. Following this, Coates became managing director over the small chain of shops in 1995. That same year, Coates obtained a loan from Barclays to acquire a neighbouring chain.^[7]

Bet365[edit]

In January 2000, Coates purchased the domain name Bet365.com.^[8] Bet365.com was launched in 2001 as an online betting site. The business borrowed £15 million from RBS against the family's betting shop estate. In 2005, these shops were sold to Coral for £40 million, which allowed Coates to pay off the loan to RBS.

As of 2016, Bet365 is one of the world's largest online gambling companies, with $2 billion in revenues and facilitating $45 billion in yearly bets. The company also owns a majority stake in Stoke City Football Club. In 2015, Bet365 moved its headquarters from Stoke to Gibraltar because of its favourable regulations. Coates still runs the company alongside her brother, and co-CEO, John Coates.^[9]

Coates is the majority shareholder with 50.01% of Bet365. Her personal fortune is estimated at $12 billion, as of December 2019.^[1]

In 2017, Coates was criticised for paying herself £217 million, with Mike Dixon, CEO of Addaction, saying 'It cannot be right that the CEO of a betting company is paid 22 times more than the whole industry ‘donates’ to treatment.'^[10] In 2018, it was announced that her salary had increased to £265 million, around 9,500 times more than the average UK salary, with Luke Hildyard of the High Pay Centre commenting, 'Obviously, people who build successful companies need to be rewarded for their hard work, but this is an obscene amount of money for someone who is already a billionaire. It's weird to think that someone so rich would want to get their hands on even more, rather than put it to a more useful purpose.'^[11]

Denise Coates Foundation[edit]

Coates set up the Bet365 Foundation in August 2012, and in February 2016 it was renamed to Denise Coates Foundation. It is a registered charity under English law^[12] and it donated £100 million^[13] to twenty UK charities as of 2014.

Charities which have received funds include Oxfam, CAFOD, the Douglas Macmillan Hospice for cancer sufferers in Stoke, and relief programmes for victims caught in the aftermath of Typhoon Haiyan in the Philippines. University scholarships and theatre donations have also been offered.^[14][15]

The Foundation pledged £230,000^[16] to St Joseph's College, in Trent Vale, for the school's work to help support vulnerable young people in Bo, Sierra Leone.

In March 2020 the foundation granted £235,000 to The New Vic Theatre in Newcastle-under-Lyme for essential refurbishment and redevelopment.^[17][18]

In April 2020, Coates donated £10 million through her foundation to University Hospitals of North Midlands to support staff fighting coronavirus.^[19]

Personal life[edit]

Coates is married to Richard Smith, and they live in Betchton near Sandbach, Cheshire.^[6][10] She drives an Aston Martin with personalised number plates bearing her initials.^[8]

They have five children, including four that in March 2014 were reported as being 'recently adopted from the same family'.^[7][1][20]

Honours and awards[edit]

In January 2012, Coates was appointed a Commander of the Order of the British Empire (CBE) for services to the community and business.^[21] In 2012, she received an honorary doctorate from Staffordshire University.^[6]

In 2013, Coates was named as one of the 100 most powerful women in the UK by Woman's Hour on BBC Radio 4.^[22]

In 2019, Coates was inducted to the Sports Betting Hall of Fame run by Sports Betting Community (SBC) for her leadership in the gambling industry.^[23]

References[edit]

1. ^ ^abc'Forbes profile: Denise Coates'. Forbes. Retrieved 27 January 2021.
2. ^Gill, Oliver; Foy, Simon (18 December 2019). 'Bet365's Denise Coates cements place as world's best-paid woman with £320m payday'. The Telegraph. ISSN0307-1235. Retrieved 26 May 2020.
3. ^'Denise Coates'. Forbes. Retrieved 11 May 2018.
4. ^ ^ab'Subscribe to read Financial Times'. www.ft.com. Retrieved 19 December 2019.Cite uses generic title (help)
5. ^'The Sunday Times Rich List 2020: The 10 richest women in Britain'. uk.finance.yahoo.com. Retrieved 1 July 2020.
6. ^ ^abc'Denise Coates CBE'. Staffordshire University. Retrieved 10 February 2018.
7. ^ ^abPagano, Margareta (4 March 2014). 'Against the odds: Denise Coates's good fortune'. The Independent. Retrieved 10 February 2018.
8. ^ ^abBowers, Simon (8 June 2010). 'Denise Coates: the hidden 24/7 woman behind Bet365'. The Guardian. Retrieved 10 February 2018.
9. ^correspondent, Rupert Neate Wealth (21 November 2018). 'Bet365 founder paid herself an 'obscene' £265m in 2017'. The Guardian – via www.theguardian.com.
10. ^ ^abNeate, Rupert (12 November 2017). 'Bet365 chief Denise Coates paid herself £217 million last year'. The Guardian. ISSN0261-3077. Retrieved 10 February 2018.
11. ^'UK's best-paid boss earns £265m'. BBC News. 21 November 2018. Retrieved 22 November 2018.
12. ^'DENISE COATES FOUNDATION, registered charity no. 1149110'. Charity Commission for England and Wales.
13. ^Bowers, Simon (11 July 2014). 'Bet365's Denise Coates sets up £100m charity foundation'. The Guardian – via www.theguardian.com.
14. ^University, Staffordshire. 'Denise Coates Foundation awards a hundred bursaries to Staffordshire University students'. Staffordshire University. Retrieved 11 May 2018.
15. ^'ewb'. www.empoweringwb.org.uk. Retrieved 11 May 2018.
16. ^'Bet365 Foundation Donation'.
17. ^Elliott, Louise (29 June 2020). 'North Staffordshire theatre set to undergo £750,000 refurbishment'. stokesentinel. Retrieved 1 July 2020.
18. ^'NEW VIC THEATRE RECEIVES MAJOR INVESTMENT FROM DENISE COATES FOUNDATION FOR AUDITORIUM REFURBISHMENT PROJECT'. New Vic Theatre. 2 March 2020. Retrieved 1 July 2020.
19. ^'Bet365 boss donates £10m to NHS for coronavirus'. BBC News. 7 April 2020. Retrieved 28 April 2020.
20. ^Evans, Peter (12 November 2017). 'Bet365 co-founder Denise Coates's £200m payday'. The Times. Retrieved 10 February 2018.
21. ^'Denise Coates is among those named in New Year Honours'. BBC News. 31 December 2011. Retrieved 10 February 2018.
22. ^'Denise Coates CBE'. BBC. Retrieved 10 February 2018.
23. ^'SBC announces new inductees to Sports Betting Hall of Fame'. SBC News. 30 August 2019. Retrieved 30 August 2019.