Bet365 boss earns £260 million pay package – Technology

London (AFP) – Denise Coates, co-chief government of on-line betting large Bet365, pocketed annual pay totalling £260 million ($311 million), the corporate and media stated Friday, putting her amongst Britain s prime paid bosses.

Hovering government pay is beneath the highlight as tens of millions of Britons buckle beneath the burden of decades-high inflation that has sparked a cost-of-living disaster and widespread strikes.

Coates usually options on the prime of lists of Britain s prime earners. Her complete pay bundle peaked at £421 million in 2020.

She was paid a primary wage of £213 million within the yr to March 2022, down 15 % from £250 million the prior yr, the privately-run firm revealed in an annual report.

The 55-year-old additionally earned at the very least £50 million in shareholder dividends because of her controlling stake within the group, reviews stated.

Director remuneration was curbed final yr to offset growth, with the variety of workers climbing greater than 10 % to nearly 6,100.

Coates based Bet365 within the early 2000s earlier than turning into a world powerhouse of the net gaming world.

Bet365 additionally revealed Friday that annual earnings slumped after taking a loss from its possession of Stoke Metropolis soccer membership.

The corporate relies within the central English metropolis of Stoke, well-known for the pottery business.

Group pre-tax revenue tumbled to £49.8 million from £469 million a yr earlier.

Income superior two % to £2.9 billion.

Bosses of Britain s prime listed corporations earned extra within the first three working days of 2023 than common workers will all yr, a research from the Excessive Pay Centre think-tank confirmed Thursday.