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Denise Coates CBE (born 26 September 1967) is a British billionaire businesswoman, the founder, majority shareholder and joint chief executive of online gambling company bet365. [1] As of July 2023, Forbes estimates Coates's net worth at $7.7 billion. [2] In 2020, she earned a salary of £422 million and dividends of £48 million. [3]
Bet365 is a British gambling company founded in 2000. Its product offering includes sports betting , online casino , online poker , and online bingo . Business operations are conducted from its headquarters in Stoke-on-Trent , alongside a satellite office in Malta .
John Fitzgerald Coates (born January 1970), is an English billionaire businessman and the joint chief executive (CEO) of online gambling company bet365 and joint-chairman of Stoke City. Early life [ edit ]
Peter Coates was born in Goldenhill, Stoke-on-Trent, the youngest of 14 children. [2] He was brought up by his sister, Irene, after his mother died when he was two. [2] His father, Leonard was a miner and World War I veteran who had a keen interest in football, where they regularly attended Stoke City's Victoria Ground. [2]
In June 2009 William Hill backed Playtech despite its partner having a quarter of its stock market value wiped out following a profits warning. [24] In 2013, William Hill paid £424 million ($643 million) for full control of its online business marking an accelerated expansion and resulted in the dissolution of the partnership with Playtech. [25]
They divorced in 2001 and have two children. She is CEO of Salamander Hotels and Resorts and owner of Salamander Innisbrook Resort and Golf Club in Palm Harbor. [45] Johnson began dating Lauren Wooden, who is 33 years his junior, in 2010. As of 2016, Wooden was pursuing an international business-management doctorate in Paris. [46]
In 2010 Betfair was floated on the London Stock Exchange [4] at a £13 share price which valued it at £1.4bn, making Black's 15% stake worth approximately £200m. Black is known to have retained much of his stake, benefiting from the share price's subsequent climb to £44 before Betfair was delisted when it was merged with Paddy Power in 2016.
As of November 2011, Paddy Power was the largest bookmaker in Europe by total share value. [15] Its group income was €444m in 2010. [16] Paddy Power was placed 6th in the 2011 Management Today list of "Britain's Most Admired Companies". [17] Paddy Power and British rival Betfair agreed terms for a merger in September 2015.