Richard Smith Denise Coates

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Bet365

Richard Smith Denise Coates Measurements

In January 2000, Coates purchased the domain name Bet365.com.[8] Bet365.com was launched in 2001 as an online betting site. The business borrowed £15million from RBS against the family's betting shop estate. In 2005, these shops were sold to Coral for £40million, which allowed Coates to pay off the loan to RBS.

View Richard Smith’s profile on LinkedIn, the world’s largest professional community. Richard has 4 jobs listed on their profile. See the complete profile on LinkedIn and discover Richard’s connections and jobs at similar companies. Denise holds a majority of shares with over 50.1% of the website. She runs the firm with the co-CEO of the company and her brother, John. Later, the firm was named as Denise Coates Foundation. Husband, Richard Smith. The 52 years old, Denise Coates is a married woman. She tied the knot with her boyfriend turned spouse, Richard Smith.

  • We have found 80 people in the UK with the name Denise Coates. Click here to find personal data about Denise Coates including phone numbers, addresses, directorships, electoral roll information, related property prices and other useful information.
  • Denise Coates, the co-founder of Bet365 who paid herself a salary of £265 million last year, has snapped up 12 separate plots of land since 2014. Her fellow executives at the bookmaker include her husband, childhood sweetheart Richard Smith, who serves as group property director, as well her father Peter and her brother John.

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As of 2016, Bet365 is one of the world's largest online gambling companies, with $2billion in revenues and facilitating $45billion in yearly bets. The company also owns a majority stake in Stoke City Football Club. In 2015, Bet365 moved its headquarters from Stoke to Gibraltar because of its favourable regulations. Coates still runs the company alongside her brother, and co-CEO, John Coates.[9]

Richard Smith Denise Coates Husband

Coates is the majority shareholder with 50.01% of Bet365. Her personal fortune is estimated at $12billion, as of December 2019.[1]

Denise Coates Foundation

Richard Smith Denise Coates

In 2017, Coates was criticised for paying herself £217 million, with Mike Dixon, CEO of Addaction, saying 'It cannot be right that the CEO of a betting company is paid 22 times more than the whole industry ‘donates’ to treatment.'[10] In 2018, it was announced that her salary had increased to £265 million, around 9,500 times more than the average UK salary, with Luke Hildyard of the High Pay Centre commenting, 'Obviously, people who build successful companies need to be rewarded for their hard work, but this is an obscene amount of money for someone who is already a billionaire. It's weird to think that someone so rich would want to get their hands on even more, rather than put it to a more useful purpose.'[11]