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Boss of Bet365 Takes a 45% Pay Cut - But Still Gives Herself £150m
The Guardian
|January 07, 2025
Britain's highest-paid woman, the Bet365 billionaire Denise Coates, has given herself a 45% pay cut but still claimed £150m in salary and dividends last year as profits at the online gambling company soared.
The Stoke-based business reported an increase in turnover from £3.4bn to £3.7bn last year, while also cutting costs and benefiting from a one-off gain on the value of its investments, as equity markets improved. These three factors catapulted the company to a £626m profit before tax in the year to the end of March 2024, compared with a £60m pre-tax loss the year before.
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