Bet365’s Jackpot‑Sized Bonus: Denise Coates Nets £220 Million in 2023
While Bet365 dealt with hefty losses, the company’s chief executive, Denise Coates, was splashed with a pay packet that tops £220 million. That’s a figure that would make even the most seasoned casino owner swoon.
What the Bundle Includes
- Base Salary & Bonuses: The bulk of the package – the parts that count as “salary” – was a whopping £220 million.
- Dividends: Add another £7 million worth of dividends, which is already up compared to last year.
- Daily Earnings: Roughly speaking, Denise pulls in about £1 million per day before tax—the equivalent of buying a tiny island every afternoon.
Family Ties & a Minority of Praise
Denise’s father, Peter Coates, has long been a figure in Bet365’s history. His legacy opened the door for Denise, but the prize she received is so huge it could fill a small country’s GDP.
Why Judge Revenue? – Luke Hildyard’s Take
Luke Hildyard, the big‑pay sceptic from the High Pay Centre, raised a point: “People deserve rewards when they innovate, but we need to ask if that reward is sensible, proportional and fair.”
He also warned, “No one becomes a multi‑billionaire in isolation from society.” To back that up, think about the thousands of staff who make the games tick, the gamblers who drop the chips, the robust internet that streams the shows, and the entire sports‑event infrastructure that keeps the odds flying.
Need a Handy Tax Checklist?
Got a tax return? Below are some quick pointers to keep your Self Assessment in check:
- Organise your income statements before you dive in.
- Check that all allowances have been claimed.
- Make sure charitable giving is accurately recorded.
- Beware of potential over‑payments—double‑check everything.
- Keep a backup of every invoice and receipt.
- Submit on time to avoid penalties—nearly as disastrous as losing a jackpot.
Stay in the Loop
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