BetBurger | Live and Pre-game surebets
RebelBetting - Turn betting into investing

Bet365 founder paid herself an 'obscene' £265m in 2017

Share ideas and experience on bookmakers. Search before starting any account
neopas
Pro
ProProProPro
Karma: 47
Posts: 527
Joined: Thu Dec 28, 2017 5:08 pm

Bet365 founder paid herself an 'obscene' £265m in 2017

Wed Nov 21, 2018 7:05 pm

Alfa1234
Totally Pro
Totally ProTotally ProTotally ProTotally ProTotally Pro
Karma: 63
Posts: 978
Joined: Wed May 13, 2015 2:52 pm

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Wed Nov 21, 2018 7:11 pm

neopas wrote: https://www.theguardian.com/business/2018/nov/21/bet365-denise-coates-paid-herself-an-obscene-265m-in-2017

Imagine what she would make if they didn't limit accounts to 3,65.
Nothing obscene about it IMHO...yes it's a huge amount of money but if you found a company and it's that profitable, it's your right to do so.

If they didn't limit accounts, I believe they would make less.
x-casino
Has experience
Has experienceHas experience
Karma: 11
Posts: 151
Joined: Wed Oct 11, 2017 4:17 pm

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Wed Nov 21, 2018 7:14 pm

''Her''?
Is she a she?
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 622
Posts: 6212
Joined: Thu Dec 30, 2010 4:34 pm

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Wed Nov 21, 2018 7:24 pm

For 2017, Bet365 generated revenue of £2.28b, up 38% from the company’s fiscal 2016 figure. This is a money making machine.
She is getting 11-12% of profits, which is a normal salary for this caliber.
Some of the very successful figures in this industry are a she.
User avatar
CharlieSheen99
Pro
ProProProPro
Karma: 27
Posts: 487
Joined: Tue Jan 06, 2015 3:56 pm

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Wed Nov 21, 2018 7:59 pm

Arbusers wrote: For 2017, Bet365 generated revenue of £2.28b, up 38% from the company’s fiscal 2016 figure. This is a money making machine.
She is getting 11-12% of profits, which is a normal salary for this caliber.
Some of the very successful figures in this industry are a she.
Pinnacle for example!!
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 622
Posts: 6212
Joined: Thu Dec 30, 2010 4:34 pm

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Wed Nov 21, 2018 8:21 pm

CharlieSheen99 wrote: Pinnacle for example!!
Very much correct. If you take a look in Vegas' casinos, it is very difficult to find a male top manager.
dealer wins
Totally Pro
Totally ProTotally ProTotally ProTotally ProTotally Pro
Karma: 43
Posts: 966
Joined: Mon Sep 15, 2014 12:16 pm

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Wed Nov 21, 2018 8:53 pm

Leftie wankers the Guardian.  Jealous of success.  Good luck to her she risked everything to set up her company, hope she makes a billion next year!!

Do the Guardian donate all their profits to the poor... thought not.
Never trust a goose!!!
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 622
Posts: 6212
Joined: Thu Dec 30, 2010 4:34 pm

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Wed Nov 21, 2018 9:12 pm

BBC claims Coates being UK's best paid boss:
https://www.bbc.com/news/business-46289499
dealer wins
Totally Pro
Totally ProTotally ProTotally ProTotally ProTotally Pro
Karma: 43
Posts: 966
Joined: Mon Sep 15, 2014 12:16 pm

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Wed Nov 21, 2018 9:36 pm

And she will be paying millions in tax, and she employs UK people in the UK.

Whats not to like, except if you are a little horrible Guardian loving jealous see you next tuesday.
Never trust a goose!!!
SticyBandit
Has experience
Has experienceHas experience
Karma: 5
Posts: 148
Joined: Mon Dec 26, 2011 3:03 pm

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Wed Nov 21, 2018 9:50 pm

dealer wins wrote: hope she makes a billion next year!!

those are old news...new ones are: year is 35% up in profit
balls of steele
Has experience
Has experienceHas experience
Karma: 10
Posts: 204
Joined: Tue Sep 06, 2016 5:12 am

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Sun Nov 25, 2018 6:47 pm

What a shame!
After the announcement of Coates payment, the gambling press, forums etc, are dominated by negative and toxic articles and comments.
That's life, folks.
Communism and Socialism is advancing in the gambling world. Those who want to make money out of it are those who take the paradigm and not those who spit on it.
maletaja
Pro
ProProProPro
Karma: -22
Posts: 532
Joined: Sun Jun 05, 2016 11:45 am

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Sun Nov 25, 2018 7:19 pm

I don't why she didn't pay dividend .

Still i have to pay credit for this action. She pays lots of taxes to the UK not hiding money some oversees nontaxable locations
dealer wins
Totally Pro
Totally ProTotally ProTotally ProTotally ProTotally Pro
Karma: 43
Posts: 966
Joined: Mon Sep 15, 2014 12:16 pm

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Mon Nov 26, 2018 12:39 am

maletaja wrote: I don't why she didn't pay dividend .

Still i have to pay credit for this action. She pays lots of taxes to the UK not hiding money some oversees nontaxable locations
Fair play she is doing it right and paying massive tax on her earnings (unlike a most people in her position) 

Good luck to her, and i will tip my hat to her as she has made me a good few quid on her journey!!!
Never trust a goose!!!
SticyBandit
Has experience
Has experienceHas experience
Karma: 5
Posts: 148
Joined: Mon Dec 26, 2011 3:03 pm

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Mon Nov 26, 2018 7:26 pm

balls of steele wrote:
After the announcement of Coates payment, the gambling press, forums etc, are dominated by negative and toxic articles and comments.
What kind of journalism is that? This is one year old news, and now all are discussing about that?
And even here nobody realize that.
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 622
Posts: 6212
Joined: Thu Dec 30, 2010 4:34 pm

Re: Bet365 founder paid herself an 'obscene' £265m in 2017

Thu Dec 06, 2018 3:41 pm

SticyBandit wrote:
balls of steele wrote:
After the announcement of Coates payment, the gambling press, forums etc, are dominated by negative and toxic articles and comments.
What kind of journalism is that? This is one year old news, and now all are discussing about that?
And even here nobody realize that.
The next series is about her ''glass palace'' and building of a fortress.

https://www.dailymail.co.uk/news/article-6463825/Bet365-queen-spent-8m-three-years-buying-land-neighbouring-90m-dream-home.html

Return to “Bookies discussion”