Bet365 boss takes big pay cut but still makes £158m

Quick Summary:

Denise Coates has been credited with the rapid rise of the online gambling firm.

On Monday, the group reported a pre-tax profit of £596.3m for the year, compared with a loss of £72.6m the year before when it was expanding in regions such as North America.

The Department for Culture, Media and Sport is also set to introduce a statutory levy on gambling companies to help fund addiction treatment.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Executive Family Group Firm Coates Online Betting Gambling Year Bet365

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 10:45:52 (3 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 25035850

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Official Website: bbc.co.uk

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