Bet365 Boss Denise Coates Gets ₤ 300m Pay Package - A ₤ 170m Cut Bet365 employer Denise Coates gets ₤ 300m pay bundle - a ₤ 170m cut 3 March 2022 ByRussell Hotten BBC News Bet365 boss Denise Coates took home about ₤ 300m during its last financial year - ₤ 170m down on the previous year - as development stalled. The billionaire founder of the online gaming company received ₤ 250m in salary and a share of the company's pay-out of ₤ 97.5 m in dividends. Ms Coates, among Britain's wealthiest women and a significant benefactor, has actually gotten an overall of about ₤ 1.3 bn from the service in the past 5 years. Bet365 was produced 21 years ago. Ms Coates and her brother John took over a wagering store service run by their daddy, finding that online gaming could change the industry. She now owns about half of the business. Bet365's latest accounts submitted at Companies House reveal revenues were broadly flat at ₤ 2.82 bn in the very first year of the pandemic, compared to ₤ 2.81 bn in the previous year. Although not named in the accounts, Ms Coates has actually always been related to as the person referred to as "greatest paid director". She is believed to be Britain's most significant private tax payer. It's unclear why the pay fell a lot, although Bet365's profits from sports betting was struck as the pandemic triggered mayhem to sporting schedules. An increase in wagering by means of online slot machines and casinos helped balance out the loss. Bet365 said: "At the start of the duration we experienced the practically total cessation of sporting occasions. However by the end of the very first half of the year, we saw the resumption of sports with the vast majority of European football leagues handling to conclude their domestic seasons." Meanwhile, operating earnings increased by 47% year-on-year to ₤ 285.