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Unknown mum-of-five becomes Britain’s highest-earning woman after earning £199 MILLION last year running gambling website bet365
The paypacket of bet365 chief Denise Coates – who earned more than Taylor Swift – has raised questions over fat cat salaries in an industry where people can be hurt financially
A mum-of-five businesswoman has been paid a whopping £200 million salary by an online bookmaker – making her the highest-earning woman in Britain.
That’s the equivalent of £769,000 a day based on a five-day working week.
bet365 joint chief executive Denise Coates reportedly pocketed £199.3 million last financial year as part of a £322 million spend on top management personnel.
Last year, her salary alone was said to have come in at £117 million.
Founded in a portable office in a Stoke-on-Trent car park almost two decades ago, the company banked a profit of more than £500 million during 2016-17. She also owns half of the firm, whose other joint chief executive is her brother John.
Highlighting how big the paypacket was, the former accountant’s pay was double the wage bill for the bet365-owned Stoke City Premier League football team, the Sunday Times reports.
American pop star Taylor Swift is only estimated to have earned about £120 million last year.
High Pay Centre spokesman Stefan Stern told the paper: “In an industry like gambling, where people become trapped financially, it has to be concerning when the rewards at the top are so high. There comes a moment where some pay packages are so high they become unseemly.”
It has also been reported that bet365 donated £50 million last year to the charitable Denise Coates Foundation.
Many customers of the company probably are more familiar with actor Ray Winstone from the half-time adverts during football matches.
“I really don’t enjoy the attention. The public side does not come naturally to me,” she told The Guardian in 2012. “I’m not saying I’m a shrinking violet. I’m not. I’ve been bossy all my life. It’s just I very much enjoy actually running the business.”
Kambi Group plc (“Kambi”) has during the period 6 November to 12 November 2024 (the “Buyback Period”) repurchased a total of 54,000 ordinary B shares (ISIN: MT0000780107) as part of the share buyback programme, within the mandate approved at the Extraordinary General Meeting on 20 June 2024 (the “Programme”).
The objective of the Programme is to achieve added value for Kambi´s shareholders and to give the Board increased flexibility with Kambi´s capital structure by reducing the capital. The Programme is being carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 (“MAR”) and other applicable rules.
From the beginning of the Programme, which started on 6 November, until and including 12 November 2024, Kambi has repurchased a total of 54,000 ordinary B shares at a volume-weighted average price of 111.87 SEK per share.
During the Buyback Period, Kambi has repurchased shares as follows:
| Date | Aggregated daily volume (number of ordinary B shares) |
Weighted average share price per day (SEK) |
Total daily transaction value (SEK) |
| 6 November 2024 | 14,000 | 117.27 | 1,641,822 |
| 7 November 2024 | 10,000 | 115.17 | 1,151,709 |
| 8 November 2024 | 10,000 | 110.08 | 1,100,826 |
| 11 November 2024 | 10,000 | 107.82 | 1,078,240 |
| 12 November 2024 | 10,000 | 106.81 | 1,068,130 |
All acquisitions have been carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 12 November 2024, Kambi’s holding of its own shares amounted to 1,428,678 and the total number of issued shares in Kambi is 31,278,297 ordinary B shares. Under the Programme Kambi is authorised to repurchase a maximum of 3,127,830 ordinary B shares, up to a maximum amount of €12.0 million.
A full breakdown of all transactions carried out during the Buyback Period is attached to this announcement.
Information on the Programme is available on Kambi’s website, kambi.com/investors/share-information/
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Growe Partners, an affiliate program, which has skyrocketed its performance in the iGaming industry in just a year, has received yet another recognition as the Best Affiliate Program at the SiGMA Europe Awards 2024.
The ceremony took place in Valletta, Malta on Nov, 12th, and the victory was achieved through a combination of public votes on the award page and evaluations by a distinguished jury panel.
In just a year Growe Partners has rightfully reserved a place amongst industry leaders, who have been in the game for a lot longer, and as they say themselves — they are not going anywhere. Today Growe Partners is a network with over 32 thousand partners, operating in more than 10 locations worldwide.
“This achievement reflects our commitment to investing in our people, our partners, our ideas, and continuously implementing new innovative approaches. We are proud of the strong team we have built, which is always on the lookout for ways to develop and better themselves. And whose dedication resulted in this victory.
With winning this award we would like to once again emphasize that everything is possible in our industry if you set the right goal and work hard for it.” , — commented Dima Mariievskyi, Head of Growe Partners.
Kambi Group plc repurchase of shares during 6 November – 12 November 2024
Zillion Games launches Storm Fruits 2
Growe Partners Named Best Affiliate Program. Once Again.
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