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Bet365's Coates, the UK's best-paid boss, earns £323m

The privately held Bet365 is jointly owned by Denise Coates and members of her family
The privately held Bet365 is jointly owned by Denise Coates and members of her family

The co-founder and boss of online gambling firm Bet365, Denise Coates, received £323m in 2018, confirming her as Britain's highest paid executive, the company's accounts showed.

Denise Coates, Bet365's joint group CEO, saw her salary rise to £276.6m in the 53 weeks to March 2019 from £220m the previous year. 

The firm paid out £92.5m in dividends. 

Media reports said Coates, 52, received half of this as she owns about half of Bet365's equity. 

The privately held Bet365 is jointly owned by Denise Coates and members of her family, including brother John, the joint CEO, and father Peter, who chairs the firm. 

The group's revenue rose 7% to £3.06 billion, while operating profit was up 15% to £758.3m, reflecting the growing popularity of online betting. 

Amounts wagered on sports and the number of active customers both increased 23%. 

Bet365 also owns soccer club Stoke City, which made a loss of £8.7m following its relegation to the second tier Championship in the 2017-18 season.