Denise Coates Hits the Jackpot AGAIN!

[lonnie55]

Denise Coates, the multibillionaire founder of the gambling company Bet365, paid herself £323m last year.
The sum is the highest amount paid to the chief executive of a British company and breaks the previous record of £265m set by Coates a year earlier.
Her pay equates to £1.3m for every working day last year. It is 9,500 times the average UK salary and more than 2,000 times the amount paid to the prime minister, Boris Johnson.

https://www.theguardian.com/business/2019/dec/18/bet365-boss-denise-coates-hits-jackpot-with-323m-payday

[lonnie55]

I think she's one of the highest paid CEOs in the world, isn't she?

[lonnie55]

Yet they can't handle a €20 wager on English Premier League

[ace7550]

Yet they can't handle a €20 wager on English Premier League

[Gian2015]

they have been one of the softest books around the world last few years and especially last few months. They close/limit accounts after one week and for winnings less than 1K euros...

lol, the softest book... when they were one of the sharpest some years ago.

[Optional]

She has no shame taking that sort of salary.

But this is the UK authorities fault IMHO.

Or the govt who allowed the sportsbooks to make the rules themselves in major part.

[lonnie55]

I would not even say that their profit would decrease if they bear a little bit of sharp action, e.g. by implementing a minimum bet rule that guarantees the player a minimum stake of €100 per bet and, let's say, 3 bets per event. The opposite might be the case.

Try to see it that way:

1. Many players who are currently excluded from betting with regular limits use 3rd party accounts and probably do more damage to the bookie over the time than they would be able to do with their own account opened for a guaranteed €100 stake. I firmly believe that many players would prefer using their own account instead of running the risk of getting their money confiscated of defrauded by the account seller. It's simply a matter of convenience and risk-benefit ratio.

2. b365 could use the sharp money to better adjust their lines following the example of Pinnacle! I mean, they have the necessary turnover, don't they? Maybe their management didn't realize oder didn't consider the possibility yet, but taking the action of a few thousand sharps and let them move the lines to a fair price whilst having a 20 mio customer based counterweight on the other side that bet on fair lines could help them to even increase their profits

So, I would not fully agree that it's only the UK authorities "fault". b365 should seriously consider taking sharp action as an opportunity to maximize their profits rather than regarding it as a danger.

[piterp]

So, I would not fully agree that it's only the UK authorities "fault". b365 should seriously consider taking sharp action as an opportunity to maximize their profits rather than regarding it as a danger.

It is uk gov fault, optional is absolutely right -since tories got power bookmakers industry in UK is like wild west

[dealer wins]

Good luck to her, business started from scratch and turned into a huge success!

[lonnie55]

BTW, Denise paid herself $600M + earned another $50M in dividends for 2020: https://www.theguardian.com/business...-in-four-years

2018: $287M
2019: $422M (+47%)
2020: $650M (+54%)

[semibluff]

Who is this SBR unrated book you speak of?