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Bet365 boss Coates gets pay lift to near $420m despite loss

Thomas Seal

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New York | Bet365 Group founder and joint CEO Denise Coates’ salary rose 3.4 per cent last financial year to £220.7 million ($419 million) from the previous year even as the company swung to a loss.

The company swung to a pretax operating loss of £72.6 million, from the year-earlier £49.8 million profit, citing higher costs related to enter new markets, the UK-based betting group said in corporate filings for the year ended March 26.

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    Original URL: https://www.afr.com/companies/games-and-wagering/bet365-boss-coates-gets-pay-lift-to-near-420m-despite-loss-20240109-p5evxk