Bet365 CEO Coates Earns 280M Pounds Despite Profit Fall

Denise Coates, chief executive of the British online gambling firm Bet365, received a total compensation package of at least 280 million pounds for the financial year ending March 2025, maintaining her status as one of the United Kingdom's highest-paid executives despite a decline in the company's pretax profits.

According to accounts filed with Companies House, Coates earned a salary of 104 million pounds, up from 94.7 million pounds the previous year. The firm also distributed dividends totaling 353.6 million pounds to shareholders, more than triple the amount from the prior year. As the majority shareholder, Coates is entitled to at least half of that sum, or approximately 177 million pounds, bringing her overall remuneration to at least 280 million pounds. This marks an increase from the roughly 159 million pounds she received in the previous financial year, though it falls short of her record 469 million pounds in 2021, a period of heightened online gambling activity during the Covid-19 pandemic.

Bet365 reported revenue growth of 9 percent to 4.04 billion pounds, driven by expansion in sports and gaming operations. Key factors included the Euro 2024 soccer tournament and...