Bet365 chief Denise Coates’s salary rises to £221mn

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Bet365 chief Denise Coates earned close to £300mn last year in pay and dividends from the UK-based gambling group, confirming her position as one of Britain’s richest executives.

Coates was paid about £221mn for the year ending March 2023, according to accounts filed at Companies House on Monday, an increase on the salary of £213mn last year. She also took at least half of the £100mn the company paid out in dividends given her stake as the founder of Bet365.

This year’s payout comes despite the group falling to a loss of £69.4mn, from a profit of £33mn last year, as it has expanded in regions such as North America. The group also owns Stoke City Football Club, which contributed to its losses.