Bet365 Gets Off to a Strong Start
Bet365 has had a fantastic start to the New Year. The founder, Denise Coates, has been named on the Queen’s New Year Honours list and will be made a CBE for services to the community and business.
Coates founded Bet365 in a portable building in a car park in 200 and it has since grown into Stoke-on-Trent’s largest private sector employer with over 900 employees from the surrounding area.
Coates said that “It’s an incredible honour to receive this award. It would not have been possible without the fantastic support and commitment of everybody at Bet365.”
Her father, Peter Coates, gave her the initial financial backing to launch Bet365 and said that everyone is extremely proud of Denise.
At the same time Bet365 has just announced a rise in takings of 22% to £501 million over the last year with bets up 58%. Despite having to absorb the losses from their stake in Stoke City football club the company still made a pre-tax profit of £91 million.
Bet365 is the last major bookmaker that is based on the UK mainland after the departure of Ladbrokes and William Hill last year. Whilst Bet365 does not disclose which countries its revenues come from, the business is acknowledged as the market leader in online sports betting in the UK. It has been reported that the website is used by over 6 million people across the globe.
The company is also well known for its donations to charity. Last year Bet265 donated over £400,000 to charitable causes, most of which went to a responsible gambling charity. There were also donations to a number of charities for children, the disabled and local groups.
Bet365’s popularity seems to be growing all the time and it is very likely that the company’s success will continue to grow over the coming year.