Home Business News Bet365 chief raked in over a £220 million pay packet despite the firm being hit with hefty losses 

Bet365 chief raked in over a £220 million pay packet despite the firm being hit with hefty losses 

8th Jan 24 12:58 pm

Bet365 chief Denise Coates received a pay packet worth more than £220 million in 2023 even the gambling firm was hit with hefty losses.

The pay packet excludes the dividends valued at around £7 million up compared to the previous year.

Her father Peter Coates found the company Denise is now one of the best paid employees in the world as she earns roughly around £1 million a day before tax.

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Luke Hildyard, executive director of the High Pay Centre, said, “People deserve to be rewarded for innovation and success but there’s a question of what’s sensible and proportionate.

“Nobody becomes a multi-billionaire in isolation from wider society.

“In this case, the wealth depends on money coming out of gamblers’ pockets, the efforts of thousands of staff, plus wider factors like people having some disposable income, a secure and reliable internet network or all the infrastructure that goes into staging sports events.”

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