• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Business

‘Obscene’ – Bet365 founder paid herself a whopping £265m in 2017

Denise Coates, the multibillionaire founder and boss of gambling firm Bet365, paid herself £265m last year. This is a record-breaking pay deal for a chief executive of a British company. Denise’s pay is over 9,500 times the average UK salary, and 1,300 times that paid to Theresa May. Luke Hildyard, a director of the High […]

Joe Mellor by Joe Mellor
2018-11-21 15:52
in Business, News
FacebookTwitterLinkedinEmailWhatsapp

Denise Coates, the multibillionaire founder and boss of gambling firm Bet365, paid herself £265m last year.

This is a record-breaking pay deal for a chief executive of a British company.

Denise’s pay is over 9,500 times the average UK salary, and 1,300 times that paid to Theresa May.

Luke Hildyard, a director of the High Pay Centre, said: “Why does someone who is already a billionaire need to take such an obscene amount of money out of their company? It is difficult to find a reason beyond pure greed.

“A payment of this size would be impossible to justify for someone whose business was in unquestionably life-enhancing products or services. It is doubly offensive when awarded to a betting company CEO at a time when problem gambling is spiralling out of control.”

Mike Dixon, the chief executive of the addiction charity Addaction, said: “It’s astonishing that a CEO of one gambling company is paid 26 times more than the entire industry’s contribution to treatment. We know problem gambling affects more than 2 million people. We need a proper levy on gambling industry profits so more people can get help and support.”

Bet365 made a £660m profit last year from a record £52.6bn of bets.

RelatedPosts

Nick Ferrari says ‘nobody cares’ whether Johnson met with Sue Gray

Elizabeth line: When does London’s latest tube line open?

‘We’re putting the Govt on notice’: Unite vows to confront attacks on the right to strike head on

Russian offensive down the drain as £4 million missile takes out…. a beach toilet

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Young Afghani woman who worked as a carpet weaver as a child gets first class law degree

Brexit: ‘Take personal responsibility’ PM urged as failure to secure treaty ‘disaster for our country’

UK Weather forecast, Tuesday 22 June 2021

Baked Chicken Schnitzel with Avocado

Brexit: Odds shorten on UK re-joining EU by 2026 as impact hits home

JLR ‘cutting hundreds of jobs’ at UK car plant

One in 10 Brits know someone who has been made homeless during the last 10 years

Indie Daze returns to London for fourth year

Sextortion is the largest growing threat to teenagers online

Train derails at works-hit Waterloo Station

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.