Bet365 boss banks £260m payout despite profit slide Business Billionaire founder and chief executive of Bet365, Denise Coates, saw her pay surge last year, despite the firm’s profit going south. Coates was paid a salary of £104m in the year to March, according to newly filed accounts, while cash dividends to family shareholders tripled to £313.6m. As the firm’s majority owner, Coates was entitled [...]
Autumn Budget: Shares tumble as Reeves taxes bookies higher betting Shares in British betting and gaming firms, including Entain, William Hill UK, Evoke, and Flutter, fell sharply after Rachel Reeves revealed upcoming increases in gambling duties in her Autumn Budget. Shares in those and other publicly-listed companies were down between one and 19 per cent by 12:38 on Wednesday. The forcasted tax changes sent investors [...]
Paddy Power founder: Bookies ‘scaremongering’ over tax hike damage betting The betting sector is “scaremongering” over the potential damage of a tax raid on gambling, according to the retired co-founder of Paddy Power, who said he had led similar industry warnings of job losses and store closures before other mooted tax changes. Stewart Kenny, who served as chairman and chief executive at the Irish gambling [...]
Taxing gambling is a desperate cash grab that Labour will regret October 1, 2025 Long a scapegoat whenever the Treasury needs quick cash, Labour will regret taxing the gambling industry, writes Oliver Dean.
The ‘Tell Sid’ campaign should learn from the gambling industry July 22, 2025 There are two common explanations for why Brits invest so much less in stocks than our US counterparts. The first is we have a risk-averse culture, so cash is king. The second is we are a poor nation, and many lack the money. But here’s a counterpoint: gambling. By some measures, the UK has the [...]