Bet365 Boss Denise Coates Gets ₤ 300m Pay Package - A ₤ 170m Cut Bet365 boss Denise Coates gets ₤ 300m pay package - a ₤ 170m cut 3 March 2022 ByRussell Hotten BBC News Bet365 boss Denise Coates took home about ₤ 300m during its last monetary year - ₤ 170m down on the previous year - as development stalled. The billionaire founder of the online gaming firm got ₤ 250m in salary and a share of the company's pay-out of ₤ 97.5 m in dividends. Ms Coates, among Britain's wealthiest women and a significant benefactor, has gotten an overall of about ₤ 1.3 bn from business in the past 5 years. Bet365 was developed 21 years ago. Ms Coates and her sibling John took over a betting store business run by their dad, finding that online betting might change the industry. She now owns about half of the company. Bet365's newest accounts submitted at Companies House show incomes were broadly flat at ₤ 2.82 bn in the first year of the pandemic, compared with ₤ 2.81 bn in the previous year. Although not named in the accounts, Ms Coates has constantly been considered the individual referred to as "highest paid director". She is thought to be Britain's greatest individual tax payer. It's uncertain why the pay fell so much, although Bet365's earnings from sports wagering was struck as the pandemic triggered chaos to sporting schedules. A rise in betting through online fruit machine and casinos assisted balance out the loss. Bet365 stated: "At the start of the period we experienced the almost complete cessation of sporting events. However by the end of the first half of the year, we saw the resumption of sports with the vast majority of European football leagues managing to conclude their domestic seasons." Meanwhile, operating earnings increased by 47% year-on-year to ₤ 285.5 m, a gain the firm stated was driven in big part by reduced pay packets for directors.