The online betting behemoth, Bet365, persists in amassing substantial earnings, propelling its chief executive to the position of the UK’s top-compensated leader.
The corporation’s fiscal statement for the twelve months concluding March 25, 2018, disclosed an impressive £2.45 billion (approximately $3.13 billion) in gross earnings, a 24% surge compared to the preceding year. This remarkable expansion was driven by a rise in athletic wagering, which witnessed a 26% revenue escalation, attaining £27.2 billion.
Denise Coates, who jointly holds the CEO title with her sibling John, ascribed the triumph to their emphasis on mobile interfaces, notably the debut of their prosperous iOS application. She also emphasized the firm’s capacity to sustain player engagement, partially attributed to the incorporation of 332 novel games.
This accomplishment translated into a substantial remuneration package for Coates, whose total compensation, encompassing dividends, reached an astounding £265 million, establishing her as the highest-earning executive within the UK.
Apart from its digital ventures, Bet365 also holds ownership of Stoke City Football Club, which recently encountered relegation from the esteemed Premier League to the Championship. Notwithstanding this obstacle, the club still produced a commendable £1.386 billion in gross earnings.
