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| Denise Coates, head of Bet365 |
Bet365 founder Denise Coates has received more than £60m in pay
and dividends from the online betting business she started from a car
park in Stoke 14 years ago, and has set up a £100m charitable foundation
after the firm's profits more than doubled last year.
Bet365, best known to World Cup football fans for its TV adverts featuring Ray Winstone, announced a pre-tax profit of £319m – even after swallowing £5m of losses related to its controlling interest in Premier League football club Stoke City. The previous year it had made £148m.
The group accepted bets of £26.5bn for the year to March, up 36% on the previous year. On that business, it won £1.3bn from punters. Bet365 was one of the first firms to spot the popularity of "in-play" betting, which allows punters to wager on a sporting event as it unfolds. The increasing prevalence of tablets and smartphones has added to the popularity of such bets.
Coates was awarded a CBE in 2011 and she appeared on the Forbes billionaires list this year, with a fortune estimated at $1.6bn (£930m). Two months later, the Sunday Times Rich List put her family fortune at £1.2bn.
Even after Bet365's £100m charitable giveaway, wealth analysts are likely to raise their estimates of Coates's fortune in the light of the latest company accounts, seen by the Guardian before they have been released by Companies House.
In the past six years, Bet365 has paid out dividends of £225m, half of which has gone to Coates. In addition, last year she received a pay package worth £13m. The group employs 2,875 staff, about 80% of whom work in Bet365's head office in Stoke, making it the city's largest private sector employer. The business also has an office in Gibraltar.
The newly founded Bet365 Foundation has already been very active with donations to 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.
Coates, who runs Bet365 with her brother John Coates, also a major shareholder, has never shown any interest in selling the business or floating it on the stock exchange. Aside from the annual company accounts, very little is known about the company, which is the most profitable gambling firm in the UK.
In particular, Bet365 remains guarded on which countries it takes bets from. Two years ago, Coates said only about a quarter of revenues were from UK punters – a proportion which is understood not to have changed – but the company will not give more detail. Disclosing where the group makes its money, the accounts state, "would be severely prejudicial to the interests of the group".
The group holds betting licences in a number of countries, including Spain, Denmark and Australia. A new UK licensing regime for online bookmakers comes into force in October, with a 15% duty on their business coming into effect two months later. While this may be a challenge for some offshore bookmakers, it will not affect Bet365 because it is based in Britain and is already required to pay 15%.
Despite the group's continued success, Bet365 cautioned that it was unlikely to shower Stoke City FC with millions. Rather it hopes to "reduce reliance" on profits from the betting business and "over the medium term to make it self-sufficient".
πηγή : www.theguardian.com
Bet365, best known to World Cup football fans for its TV adverts featuring Ray Winstone, announced a pre-tax profit of £319m – even after swallowing £5m of losses related to its controlling interest in Premier League football club Stoke City. The previous year it had made £148m.
The group accepted bets of £26.5bn for the year to March, up 36% on the previous year. On that business, it won £1.3bn from punters. Bet365 was one of the first firms to spot the popularity of "in-play" betting, which allows punters to wager on a sporting event as it unfolds. The increasing prevalence of tablets and smartphones has added to the popularity of such bets.
Coates was awarded a CBE in 2011 and she appeared on the Forbes billionaires list this year, with a fortune estimated at $1.6bn (£930m). Two months later, the Sunday Times Rich List put her family fortune at £1.2bn.
Even after Bet365's £100m charitable giveaway, wealth analysts are likely to raise their estimates of Coates's fortune in the light of the latest company accounts, seen by the Guardian before they have been released by Companies House.
In the past six years, Bet365 has paid out dividends of £225m, half of which has gone to Coates. In addition, last year she received a pay package worth £13m. The group employs 2,875 staff, about 80% of whom work in Bet365's head office in Stoke, making it the city's largest private sector employer. The business also has an office in Gibraltar.
The newly founded Bet365 Foundation has already been very active with donations to 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.
Coates, who runs Bet365 with her brother John Coates, also a major shareholder, has never shown any interest in selling the business or floating it on the stock exchange. Aside from the annual company accounts, very little is known about the company, which is the most profitable gambling firm in the UK.
In particular, Bet365 remains guarded on which countries it takes bets from. Two years ago, Coates said only about a quarter of revenues were from UK punters – a proportion which is understood not to have changed – but the company will not give more detail. Disclosing where the group makes its money, the accounts state, "would be severely prejudicial to the interests of the group".
The group holds betting licences in a number of countries, including Spain, Denmark and Australia. A new UK licensing regime for online bookmakers comes into force in October, with a 15% duty on their business coming into effect two months later. While this may be a challenge for some offshore bookmakers, it will not affect Bet365 because it is based in Britain and is already required to pay 15%.
Despite the group's continued success, Bet365 cautioned that it was unlikely to shower Stoke City FC with millions. Rather it hopes to "reduce reliance" on profits from the betting business and "over the medium term to make it self-sufficient".
πηγή : www.theguardian.com
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