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Denise Coates Becomes the Second Wealthiest Woman in UK

Published

5 years ago

May 19, 2020

Niji Narayan

Denise Coates Becomes the Second Wealthiest Woman in UK

Reading Time: < 1 minute

Bet365 chief Denise Coates has become the second wealthiest woman in the UK. Her betting empire is worth billions and in the last year alone has made a profit of £791million. In just 12 months, gamblers placed £52.5billion worth of bets with Bet365.

She launched Bet365 in 2001 with a £15million loan from RBS secured against her chain of betting shops. In just four years, Ms Coates’ new venture became a huge success and she sold her chain of betting shops to Coral for £40million.

Bet365 is very much a family firm, owned by Ms Coates and members of her immediate family. Her brother, John, is joint chief executive while her father, Peter is the firm’s chairman.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.