Who Is The Owner Of Bet365
The founders of betting and gaming giant bet365 have been named the second largest taxpayers in the UK, after paying an estimated £156m in taxes for the 2017-18 financial year.
The Massive growth seen at Bet365 for all its operational years has made this online casino a household name in the gambling industry. Today, Bet365 boasts more than 6 million potential customers in more than 200 countries. Owners and CEO of Bet365 are Denise Coates, John Coates and Peter Coates. Bet365 is majority owned by British businesswoman Denise Coates. Coates founded and continues to run Bet365 and owns 50.01% of the company. In 2019, Coates’ salary was recorded at $617 Million AUD and she has an estimated net worth of $12.2 billion.
The Sunday Times 2019 tax list ranked the Coates family as having paid the second largest sum after Stephen Rubin, majority owner of sportswear chain JD Sports, who paid tax of £181.6m for the 12 months to April 2018.
The annual tax list ranks the largest contributions paid to the UK exchequer in the most recent tax year, and estimated the Coates family’s wealth to be around £5.8bn. During the 2017-18 financial year, the business, 93% owned by CEO Denise Coates (pictured), her co-CEO and brother John, and chairman and father Peter, paid corporation tax of £26.8m, with an £84m dividend paid out.
Denise Coates was paid a salary of £220m – believed to be the largest pay packet for a UK executive for the year – for which The Times estimates she paid income tax of around £99m.
For bet365 Group’s financial year ending March 25, 2018, the business saw turnover grow 25% year-on-year to £2.86bn, with sports and gaming turnover contributing the vast majority (£2.71bn) of the total.
The rankings are compiled by looking at the 19% corporation tax paid on all company profits; the 38.1% tax on dividends; the 10% capital gains tax paid on sales of businesses or business units, and the 45% income tax rate for earnings above £150,000.
The tax list does not take taxes paid overseas into consideration, though the newspaper noted that this would have increased the Coates’ contributions further, with bet365 estimated to have paid a further £51.4m in other countries.
While the majority of igaming businesses have moved their headquarters overseas, bet365 has never moved its headquarters to a jurisdiction with a lower tax rate, meaning it pays the full UK tax on its operations.
The Coates family has also supported good causes through the establishment of the Denise Coates Foundation, which was established in 2012 and has since donated more than £100m to a range of charitable projects.
In the operator’s financial year ending March 25, 2018, the company made a £75m donation to the charity.
The family was by far the highest-ranked gambling-related contributor on the Sunday Times Tax List, with Peter Cruddas and family, who founded spread betting giant CMC Markets, ranked 48th. CMC paid tax of £10.4m in the 2017-18 financial year, paid out dividends of £25.7m, with Cruddas estimated to have paid £364,000 in income tax on his £845,800 salary.
Is Bet365 Australia good to bet with?
Bet365 Australia is a subsidiary of Bet365 Group which is an online gambling company based in the United Kingdom. They have over 35 million customers worldwide with 4,300 employees. Bet365 is a private company which is owned by the Coates family.
Globally, they operate a bookmaker, online casino, poker, and bingo. In Australia, they only provide their bookmaker service. For sports betting, you can select from over 30 sports to bet on. Each game has multiple betting markets for each event, which ensures that Bet365 offers the most comprehensive range of betting markets in Australia. We spent some time betting with them and have put together some highlights from our experience.
Bet365 Highlights
Live Streaming
Soccer Bet Builder
Racing Odds
Form Guide and Statistics
Bet365 Benefits
- World largest bookmaker
- Stream 1000s of sports events
- Weekly sports betting promotions
- Multi bet promotions
- Generous fixed odds markets
Bet365 App
During our testing of the Bet365 app, we turned off WiFI and to use mobile data only. We tested both the Android and Apple versions of the app and found it works well for both. The speed of which the app operates is on par with the top bookmaker apps, but it does lack some of the additional features you get with others. Below are the key points worth mentioning about the app.
Android App – If you own an Android phone or tablet, you will have access to the Bet365 android app. We found it worked well with our Google Pixel 3 and the speed and loading time of pages were quick.
Apple App – During our testing of the Apple version of the Bet365 app, it performed well using only mobile data. The sports streaming worked seamlessly, and we could get a bet on quickly.
Live Streaming – To access the sports streaming, you will need to deposit funds into your account and placed a bet within the previous 24 hours.
Download Bet365 App
you can download the version of the app that you require once you have set up your account. You will be prompted to download the app once you log in via your mobile’s browser.
Download AppBet365 Sports
Sports betting is their most compelling offering. You have a massive range of sports and betting markets to select. They also have a comprehensive sports streaming package. Below are the main highlights of betting on sports with them.
AFL & NRL Early Payout
2 Goals Ahead Early Payout
Extra Time Extra Chance
Each-Way First Goalscorers
Full-Time Result Enhanced Prices
Sports Live Streaming
Bet365 Racing
If you prefer to bet on racing the offering from Bet365 Australia is worth considering. We found that there fixed-odds were competitive for Australian metropolitan horse racing and greyhounds. Below are the highlights we found while betting on racing.
Odds Drift Protector
Bet365 Top Tote
Racing Live Streaming
Racing Value
Bet365 Price Promise
Best Odds Guaranteed
Bet365 FAQs
Does Bet365 Australia offer bonus bets?
No. It is illegal for Australian bookmakers to offer an inducement to potential customers to open an account with them.
Who are the owners of Bet365?
They are a privately owned family company based in the United Kingdom. Denise Coates is the founder and joint chief executive of the business.
Where can I download the Bet365 app?
Once you have set up your account with them, you can log in via your mobile browser. You will be prompted to download the version of the app that is compatible with your phone.
Why should I bet with Bet365 Australia?
They provide a compelling offering for punters, but we feel there are other bookmakers in Australia that offer betting products for punters. Check out our reviews to see which ones performed best during our analysis.
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