Billionaire Bet365 boss Denise Coates slashes pay as betting giant makes huge profit January 6, 2025 The billionaire boss of Bet365, Denise Coates, has seen her salary slashed by almost £130m as the betting giant surged back into the black with a profit of almost £600m. Coates, whose father founded the Stoke-on-Trent company, was paid £94.6m in the year to 31 March 2024, according to newly-filed accounts with Companies House. The [...]
Premier League betting wins force Stanleybet into the red January 6, 2025 Betters winning big on Premier League football match results contributed to Stanleybet entering the red, it has been revealed. The Liverpool-headquartered company said a “sustained period of player-friendly sports results”, from the start of the 2023/24 football season, impacted its finances alongside online promotional activity. It added that Stanleybet was one of a number of [...]
Shares in Ladbrokes owner Entain slump on money laundering investigation December 16, 2024 Entain shares fell nearly seven per cent this morning after the gambling giant was sued by Australian authorities over a failure to comply with anti-money laundering rules. The Australian Transaction Reports and Analysis Centre (Austrac) said on Monday that Entain’s Australian subsidiary failed to properly identify anti-money laundering risks in its first proceedings against an [...]
Spreadex: Football focus helps turnover pass £100m November 19, 2024 A significant move into sponsorship of Championship football teams has helped turnover at Spreadex surge during its latest financial year. The business, which offers financial spread betting, sports spread betting and sports fixed-odds betting, is a major sponsor of clubs such as Watford, Sheffield United, Sunderland and West Bromwich Albion. Spreadex has reported a turnover of £103.2m [...]