Online casino gaming mogul Denise Coates has become Britain’s second richest woman. The Bet365 boss, who has built a gambling empire valued at several hundred million, in the last year alone made a profit of £ 791 million.
It is not for less, because in just 12 months, Bet365 bets were worth £ 52.5 billion. Bet365 was launched in 2001, thanks to a £ 15 million loan from RBS that was secured against Coates’ chain of betting shops.
In just four years, the new Coates company saw its success soar like beer foam. So the bold businesswoman decided to sell her gambling chain to British operator Coral for £ 40 million.
Bet365 is established as a family business where Coates owns together with several members of her family. The company’s presidency is held by her father, Peter, while her brother John is listed as joint CEO.