Denise Coates CBE, chief government of playing agency Bet365 and one among Britain's richest ladies, took a forty five% pay minimize final 12 months and nonetheless acquired a package deal price greater than £150m in 2024.
Ms Coates, believed to be Bet356 Group's highest-paid director, was paid £94.7m for the 12 months ending March 2024, in contrast with £221m the earlier 12 months.
More than half of the dividends paid by the UK-based group had been additionally owed to it – about £63m of the £110m dividend within the 12 months, which was greater than £100m.
The Stoke-on-Trent enterprise has seen speedy progress, a lot of which has been attributed to Ms Coates.
Bet365 is the biggest employer within the Stoke space. The group recorded a pre-tax revenue of £596.3 million for the 12 months, in contrast with a lack of £72.6 million a 12 months earlier because it expanded into areas corresponding to North America.
The enlargement seems to be paying off, with group revenues rising 9% to £3.7bn. Lower government pay additionally helped earnings.
Bet365.com is without doubt one of the largest on-line playing web sites on the planet.
Ms Coates arrange the Bet365 web site in a transportable constructing in a Stoke-on-Trent automotive park greater than 20 years in the past.
She has beforehand been described as one among Britain's “most successful women” and one of many highest-paid executives on the planet.
Ms Coates gained a first-class diploma in econometrics and later skilled as an accountant within the household agency.
He helped construct the group from his father's betting enterprise into one of many largest on-line playing corporations.
His brother John Coates, 55, is co-chief government of Bet365 and joint chairman of Stoke City Football Club.
She is commonly credited because the driving power behind the enterprise and have become managing director of her household's chain of betting outlets on the age of twenty-two.
The Coates household have a web price of round £7.5 billion, which positioned them twentieth on final 12 months's Sunday Times Rich List.
With inputs from BBC
