"And at least it's unashamedly modern. But, before we get into Denise, lets take a quick look at her father, Peter Coates, whose life is inextricably connected with hers. However, The gambling chief, 53, is developing a luxurious glass house The property, which began construction in 2019, will be a three-story glass palace designed by architect firm Foster + Partners (famous for buildings like the Gherkin and Wembley Stadium). Bet365's latest accounts filed at Companies House show revenues were broadly flat at 2 . When she realized she couldnt afford to build the website, she started to seek funding, but no investor believed in her vision. London, GB View. . The newspapers have made much of what they see as obfuscation on the companys part about the geographical spread of its revenues. The 53-year-old founder and chief executive officer of Bet365 Group Ltd. pocketed 468.9 million pounds ($648 million) in pay and dividends, almost 50% . The gambling chief, 53, is developing a luxurious glass house set in 52 acres of Cheshire parkland. other hand, Denise acknowledges without irritation that people often assume acknowledges the enormous risks that surrounded her decision to invest in Charlene de Carvalho-Heineken is the second most wealthy woman in the UK, thanks to her stake in beer firm Heineken. Though Though she . Meanwhile, the bet365 company reported revenue of 2.81 billion (approx. $508 million) in 2020 - the highest-ever recorded paycheck in the country, averaging around 1.2 ($1.5) million a day - Denise is Britain's . Data for financial year ending But the Coates family has been understandably shy of publicity and the headlines this week will likely have confirmed the view that there is little to be gained in that direction. The Coates family might have easily hoarded their money and refused to aid their fellow Britons once their empire was worth billions. referred to as the quiet queen of online betting, Denise Coates is one of the future of sports betting. Denise Coates OBE has been named among the wealthiest women in the UK in the Sunday Times Rich List for 2020. She started working in bookmaking as a teenager when she worked in shops owned by her father. At the age of 14, Peter $593 million) in tax last year alone. o Key words: Health, Social Welfare, Community Development, Medical Research, Education, Training, Arts, Culture, Disaster Recovery, Overseas, United Kingdom. Instead, its She is worth 10.3billion and lives with Michel de Carvalho, a financier and director of Citigroup. Kate and Prince William 'are keen' for Prince George to have official role in King Charles' coronation - but Royally hard work! However, his bookmaker portfolio had nowhere near reached its full potential. But although he said he would not sell, he wished her well as his neighbour and said he was looking forward to getting on with her. jurisdiction with lower tax brackets, Denise has paid almost 1.3 ($1.6) The trustees assess how the proposal aligns to the Foundation's objectives in order to determine whether or not to award a grant. Alongside her companys charitable donations, bet365 donates 0.1 percent of its gross gaming yield to GambleAware, the UK charity that provides support programs for problem gamblers across the country. Her pay as CEO is 421 million, and she controls 50.3% of the companys equity, which is worth 48 million. Date of birth. This was especially critical because many online operators were based in foreign countries with little or no regulatory oversight. Hannah Hiles Life Writer. employees. Denise discussed her low-key approach in one of the few interviews shes given over the years: I really dont enjoy the attention. Though online betting was slowly gaining highest-paid company executive in the UK, let alone the highest-paid of all She and her husband, Stoke City Football Club director Richard Smith, live in a farmhouse in Sandbach, which is just outside of Stoke. Express. Denise Coates is not a public person, despite being a member of the UKs financial elite. More info. How Denise Coates took a punt on Chinese gamblers and landed Britain's biggest pay packet Bet365 founder's near-500m pay packet for 2020 puts her in the upper echelons of the world's best-paid . Her success is a source of inspiration to men and women alike. Details The donation is part of a voluntary initiative that urges UK gambling operators to help fund the necessary programs as part of their duty to promote responsible gambling. She is an American socialite living, Read More Kim Marie Kessler Net Worth, Husband, with Quick FactsContinue, Your email address will not be published. o Application deadline: none - a letter of introduction may be made at any time. Denise Coates has hit the jackpot yet again. Selected charities are invited to present proposals to the Foundation's trustees detailing how a grant would be used and the benefits that it would deliver. She is co-CEO of Bet365.com alongside her brother John (who is also a . A 7.166bn fortune has the Coates family - which runs bet365 and Stoke City - at 16th . and donated millions of pounds to charities annually. But in a country where we accept betting as part and parcel of the fabric of society, there has to be winners and losers and it so happens that the founders of bet365 are among the (very big) winners in this regard. Bet365 boss Denise Coates is the fifth richest woman in the UK and is worth 7.2billion. dues. She bought the domain bet365.com in January 2000 Also this week we saw headlines loudly proclaiming that Denise Coates had been paid the grand sum of 277m in the year to March plus a further 46m in her share of dividends. Facebook gives people the power to. Much of the Foundations funding comes from the bet365 Group Limited, a leading British online gambling company based in the United Kingdom, which is under the control of Denise Coates CBE. Its just I very much enjoyactually running the business. As of December 2019, her net worth was projected to be $12 billion. restaurant, where he climbed through the ranks. This may include adverts from us and 3rd parties based on our understanding. With so We use this information to better understand how you use our website so that we can improve your user experience and present more relevant content. News Group Newspapers Limited in England No. Mrs Coates huge salary came as sales at Bet365 fell eight per cent to 2.8bn as international sporting events were cancelled due to the pandemic. The success Despite her fiercely private personality, the purpose of this page is to provide a detailed biography of Denise Coates. of the charitys 2021-2022 funds have come from bet365, totalling around 4.2 Denise Coates is Britain's highest salary earner in the UK. As of 2023, Denise Coates net worth is valued at $10 billion making her one of the richest people in United Kingdom. The lavish property is being designed by world renowned architectural design firm Foster and Partners, who are best known for their commercial projects. formidable revenue flooding into bet365, Denise formed the Denise Coates This has received different views over the years with some patting her on . TheDenise Coates Foundation, formerly known as the bet365 Foundation, aims to promote charitable purposes anywhere in the world for the public benefit, particularly through the provision (or assistance in the provision) of facilities for the promotion of community participation in healthy recreation. DENISE COATES FOUNDATION (08191619) Company status Active Correspondence address Bet365 House, Media Way, Stoke-On-Trent, United Kingdom, ST1 5SZ . Bet365 is now the world's biggest online gaming and betting business - taking 20 billion in bets last year from seven million customers in 200 countries - and Ms Coates is one of the UK . gambling entrepreneur has topped the Sunday Times Tax List three years running The new 52-acre estate, which has been designed by Lord Foster . which he named Provincial Racing. With such Keen to maintain her privacy, Coates has been offering neighbours vastly inflated sums to sell their homes and extend her grounds further. Denise Coates is the current betting leader at bet365. Denise Coates is 55 years old, she was born on the 26th of September 1967. It also did not make use of the furlough scheme. Some have jumped at the chance while others are stubbornly refusing to be ousted. o Medical Research and Development:1,332,000(2020: 1,649,000). Bet365 arose from the desire to bring these small betting shops online after witnessing the internets exponential rise. Bet365 is still one of the citys leading employers, employing an estimated 2,500 people, the majority of whom are locals. She also has a brother named John Coates. In 2019/20 Bet365 also donated 85m to Mrs Coates's charity foundation, which has previously donated to Oxfam and the Douglas Macmillan Hospice. Her undergraduate experience had given her the means to assume a more active role, but she chose to further her education in the accounting department. The paragraph from the annual report stating that a geographical analysis of turnover has not been given, as in the opinion of the directors, such disclosure would be severely prejudicial to the interests of the group, got special attention from the Guardian, for instance. In 2018, it was revealed that she had increased her salary to 265 million, roughly 9,500 . Former Tory leader Sir Iain Duncan Smith told the Mail: It's gross that anyone should pay themselves that amount of money in a single year. For the sake of some reassurance, they might want to know more about bet365s fortunes and its likely future trajectory. Denise Coates Net Worth 2023. The The answer to that is quite simple though. Nationality. In its annual results released this week, the company said that net gaming revenue for the year almost topped 3bn, up just under 10% year-on-year while operating profit came in at 767m. The 53-year-old founder and chief executive officer of Bet365 Group Ltd. pocketed 468.9 million pounds ($648 million) in pay and dividends, almost 50% . Interviews are also uncommon, and she has only spoken to the media a few times (and then only via email). Fortunately, in the male-dominated world of UK sports betting, her gender was never a barrier. She used this money to pay off her loan with the Royal Bank of Scotland. Denise Coates was born on September 26, 1967. Not the Denise Coates you were looking for? National Contact. programs for an autism charity, Support for a charity empowering Much like Coates is the majority shareholder with 50.01% of Bet365. Bet365 queen's land grab: Betting boss spent 5.5m in four years buying up her neighbours' land to turn 90m space age glass palace into a fortress. In an interview with the Guardian, Coates said: The public side does not come naturally to me. The Companies House received accounts with details of the charitable activities of the Denise Coates Foundation, established by Britain . If there is an issue, for the rest of the global gaming industry as much as for the mainstream press, then it lies in where Bet365 makes its money. The Coates family, who own Stoke City football club, are also Britain's biggest taxpayers. 3 . wraps. For other inquiries, Contact Us. The Foundation tends to identify charities that it wishes to support, hence a letter of introduction is advised. evident that the Coates family values privacy over publicity. Four of their children were adopted under circumstances that have never been made public. We are no longer accepting comments on this article. Plans for the estate included an artificial lake, sunken tennis courts, stables, ornamental gardens, workers' cottages and a boathouse. #509 Denise Coates on the 2022 Billionaires - Coates is co-CEO of Bet365, one of the world's largest online gambling companies, along with her billionaire Bet365 chief executive Denise Coates was paid a total of 421m last year, newly-released annual accounts for the gambling firm reveal. Crewe, GB View. Denise Coates and her family - who run the Stoke-on-Trent headquartered business - paid an estimated 481.7 million in tax last year, according to the annual Sunday Times Tax List. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. The gambling chief, 53, is developing a luxurious glass house The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. Get the latest business insights from Dun & Bradstreet. privacy notice how we use your personal information, Accessibility Statement-Register of charities. At the age of 22, she took over her fathers business. Fondly This is because the 49-year-old entrepreneur prefers to maintain a low profile and makes few public appearances. 49ms. Plans for the estate included an artificial lake, sunken tennis courts, stables, ornamental gardens, workers' cottages and a boathouse. There have also been grumbles about the source of Coates' vast wealth and the misery of gambling addiction, despite being a local girl made good who has brought jobs to Stoke and gives large donations to charities. with this post, location or person. Plans for the mega-mansion include an artificial lake, sunken tennis courts, stables, ornamental gardens, workers' cottages and a boathouse. Peter Coates Chairman. Richard Smith is the husband of Bet365 boss Denis Coates. potential. In 2021, she took home a whooping 469m illion. Coates hasnt lucked into her post at an auspicious time. Billionaire teams up with NASA for mission to find life on Enceladus, The glass house overlooks an artificial lake, (Image: Foster & Partners / cheshireeast), The 'unique' luxury estate with global ambitions, Retiring village: Britain chases its rivals with contemporary living, Get wooden floor style with luxury vinyl floor tiles. Today, the merely the highest-paid director that took home the 250 million (approx. Aside from Get 5 free searches. $308 million) pay package in 2021. I guess that's why he doesn't want to sell. Her background is far more humble though, as Mrs Coates started working in bookmaking as a teenager. This charity does not have any trading subsidiaries. After an obligatory stint in the British army, Coates began working for a chain female education in nations where such education is disproportionately low, Charitable donations to support In October 2019, Forbes magazine estimated Coates's net worth at $12.2 billion. Around the same time, his eldest daughter Denise graduated from the University of Sheffield with a first-class degree in econometrics. Denise Coates, CEO of Bet365, stands out as an example of success but is far from the only beacon of female achievement. Finance; Work; At Work; UK Bet365 CEO Denise Coates made $851 million last year, giving herself a 52 per cent pay rise. By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. See today's front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive. United Kingdom document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Christina Aguilera Net Worth, Songs, Husband, Kids, Age, Megan Thee Stallion Net Worth, Songs, Age, Anne Hathaway Net Worth, Movies, Husband, Age, Kids, Lyrica Anderson Net Worth, Songs, Husband, Age, Russell Wilson Net Worth, Age, Contract, Wife, Douglas Pitt Net Worth, Wife, Children, Age, Kim Marie Kessler Net Worth, Husband, with Quick Facts, Martin Eberhard Tesla Ex-boss Net Worth, Education, Charles Butt Net Worth, Gay, Education, Age, Scholarship, Foundation, Dave Portnoy Net Worth, Girlfriend, Barstool, Wife, Age. In 2017, Coates was chastised by Mike Dixon, the CEO of Addaction, for paying herself 217 million. Martin Eberhard is a business executive and entrepreneur from the United, Read More Martin Eberhard Tesla Ex-boss Net Worth, EducationContinue, Charles Butt Net Worth: Charles Butt has a net worth of $11.1 billion. Mrs Coates huge salary came as sales at Bet365 fell eight per cent to 2.8bn as international sporting events were cancelled due to the pandemic. Despite the fact that she currently drives an Aston Martin, this millionaire entrepreneur does not flaunt her wealth. Do you have 5 minutes to tell us what you think of this service?Open in new window, Charity reporting is up to date (on time). . bookmaker has over 6 million customers in more than 200 countries. Also emphasized was creativity. Very little is known about her family life because she manages to keep it a secret quite well, as well as much of her business. "Denise could have done a lot worse. Pictured, in 2012 Mrs Coates was awarded a CBE, Edward Colclough rebuffed Denise Coates's efforts to snap up his property in Cheshire as it backs onto her planned huge estate, 'I don't object to her building. It is a (north) west midlands economic powerhouse existing at a time when such entities anywhere in the UK are in short supply. As an adult, Coates was the son of a miner and grew up in poverty. Marit Hausing only this year reached the third in the richest list, but in sad circumstances. of the UK government. 2019. Further information is, however, available on theCharity Commission website. Required fields are marked *. at the University Hospital of North Midlands, Funding for the training of Weve gathered information from many places on the Internet in the hopes that it will create a good picture of where shes been and where shes heading. Get Denise Coates's email address (c*****@googlemail.com) and phone number (+971 56 682 ..) at RocketReach. Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity. of the familys betting shops. o Arts and Culture:0(2020: 423,000). Coates is the highest paid chief executive of any UK company. on a job at Provincial Racing, which she later dubbed a small chain of pretty Coates hasn't lucked into her post at an auspicious time. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Bet365 boss Denise Coates' bought up neighbouring land under plans for her 90 million Cheshire home. Single mother faces 170 parking fine after overstaying at McDonald's for just 14 minutes while she treated Public Service Announcement, do NOT watch these ads! Most people in the UK, however, would walk down the street and never see her. 26 September 1967. Coates also Contact information DENISE COATES FOUNDATION. In fact, Bet365 is or should be symbolic of how previously industrial economic heartlands in the UK can be refashioned for the 21st Century. The clubs chairman is Peter Coates, while his husband, Richard Smith, is a director. Profits slumped 74 per cent to 194.7m, but the company said it had not cut staff pay or laid off employees as a result of the crisis. Mrs Coates took a salary of 421million, topped up with a 48million dividend payment from her 50 per cent stake in the business. She also planted 200 trees, erected a two-metre security fence around the property, while employing round-the-clock security. Allwyn secures 335m accordion loan facilities, Playtika suspends new game development until ROI is viable, Light & Wonder reveals revenue growth in pivotal year, Odds On Compliance launches US affiliate licensing tool, Dutch regulator issues over 26m in financial penalties.
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