Britain’s best-paid woman, Bet365 CEO Denise Coates, cut her pay by almost half last year. But the billionaire businesswoman still took home £150 million (US$188 million) in salary and dividends, according to the company’s latest accounts. Denise Coates, above, is Britain’s highest-paid woman, but she opted for a pay cut last year as Bet365 revenues soared. (Image: Bet365) The pay drop comes despite soaring profits for the online betting giant. Bet365’s revenues increased from £3.4 billion (US$4.2 billion) to £3.7 billion (US$4.7 billion) year over year. That led to a pretax profit of £596.3 million (US$ 748 million) in 2014, compared to a £72.6 million (US$91 million) loss the year before, which was largely attributed to the high cost of US expansion. Despite the 2023 loss, Coates still found room to pay herself £270 million (US$339 million), although this was way short of the £421 million (US$528 million) she claimed in 2020. Record-Breaking Wages That year, she became the most… Read More
Category: Financial, 2024, bet365, Denise Coates, salary
Source: Casino.org
