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  British gambling company

  Bet365 is a British gambling company founded in 2000. Its

  product offering includes sports betting, online casino, online 📉 poker, and online

  bingo. Business operations are conducted from its headquarters in Stoke-on-Trent,

  alongside a satellite office in Malta. It 📉 was founded by Denise Coates, who remains the

  majority shareholder and joint-chief executive, alongside her brother John

  Coates.

  Overview [ edit 📉 ]

  Bet365 is an online gambling company offering sports betting

  and casino type games.

  In addition to the company headquarters in Stoke-on-Trent,

  📉 Bet365 have further offices in Manchester, Gibraltar,[1] Malta,[2] Bulgaria and

  Australia. The group employed over 4,000 people as of 2024.[3][4]

  Bet365 📉 is a trading

  name of Hillside (New Media) Ltd.[5] and operations.

  History [ edit ]

  Bet365 was

  founded in 2000 in a 📉 portable building[3] in Stoke-on-Trent by Denise Coates. Denise

  developed a sports betting platform and trading team to launch the business 📉 online in

  March 2001. The business borrowed £15 million from Royal Bank of Scotland against the

  family's betting shop estate 📉 which had been started by Peter Coates in 1974 and had

  been run by Denise Coates as managing director from 📉 1995. Bet365 sold its betting shop

  chain in 2005 for £40 million to Coral and paid off its loan to 📉 RBS.[6]

  Bet365 chairman

  Peter Coates was also the chairman at Stoke City and in May 2012 Bet365 signed a

  three-year contract 📉 with the club to become shirt sponsors.[7] In April 2024, the

  company became the new title sponsors for the club's 📉 stadium for the next six seasons,

  replacing fellow local enterprise the Britannia Building Society.[8] In the summer of

  2024, Bet365 📉 also signed shirt sponsorship deals with Bulgarian clubs Ludogorets

  Razgrad and Slavia Sofia for the upcoming two seasons.[9][failed verification]

  Bet365's

  reported 📉 figures (March 2024-21) showed revenues of £2.8 billion and a profit of £470

  million before tax.[10]

  Denise Coates, joint chief executive, 📉 continues to run Bet365

  and is the majority shareholder with 50.1% of the shares. Her brother John, joint chief

  executive, 📉 runs the business alongside her, with her father Peter holding the position

  of chairman.

  In the summer of 2024, the largest 📉 UK bookmakers and online casino

  operators William Hill, GVC Holdings, Flutter Entertainment, Stars Group and Bet365

  entered into an agreement 📉 to transfer funds to combat gambling addiction. They agreed

  to increase the amount from 0.1% to 1% of gross income 📉 in the next five years. The

  initiative was welcomed by a harm reduction group, but also received criticism for its

  📉 perceived inadequacy; one MP described it as "a bribe to appease campaigners and the UK

  government".[11]

  Overseas operations [ edit ]

  In 📉 2024, shortly after the U.S. Supreme

  Court ruling on sports betting allowed U.S. states to regulate sports betting, Bet365

  announced 📉 plans to launch in the United States starting with the state of New Jersey

  with a partnership with Hard Rock 📉 Hotel and Casino in Atlantic City.[12] The company

  would later announce in September 2024 that Bet365 will launch in Colorado 📉 with a

  licensing and revenue share deal with Century Casinos. Bet365 opened up operations in

  Colorado on 6 September 2024.[13][14]

  In 📉 April 2024, Bet365 was also launched in

  Ontario after it was approved by the Alcohol and Gaming Commission of Ontario 📉 to

  conduct sports betting activities in the province following the passing of a new

  Canadian law that legalized single-game betting.[15]

  Awards 📉 and achievements [ edit

  ]

  At the eGaming Review Operator Awards 2010 organised by eGaming Review magazine,

  Bet365 won the "Operator 📉 of the Year" award.[16] Bet365 ranked third in The Sunday

  Times Profit Track 100 league table, which ranks private companies 📉 in the UK based on

  profit growth rate.[17] Bet365 was also ranked as one of the fastest growing privately

  owned 📉 technology, media and telecoms companies in The Sunday Times Tech Track 100

  league table.

  eGaming Review magazine has ranked Bet365 the 📉 number one Internet gaming

  company in 2010, 2011 and 2012 as part of its annual Power 50 list of the 📉 top 50 most

  influential Internet gaming companies.[18] Denise Coates, founder and joint CEO of

  Bet365, received a CBE in the 📉 2012 Queen's new year honours list for services to the

  community and business.[19] In February 2013 Denise Coates was named 📉 as one of the 100

  most powerful women in the United Kingdom by Woman's Hour at BBC Radio 4.[20]

  In

  December 📉 2024, Bet365 won the coveted SBC Bookmaker of the Year for the third

  consecutive year.

  Controversies [ edit ]

  In October 2014, 📉 The Guardian newspaper

  reported that the company had been taking bets from Chinese citizens by using obscure

  domain names in 📉 order to avoid government web censorship.[21]

  In 2024, Bet365 was

  finedR$2.75 million AUD by the Australian Competition & Consumer Commission for

  📉 misleading advertisements which falsely promised "free bets" to customers.[22]

  Denise

  Coates became the highest paid executive in the UK in 2024, 📉 awarding herself a salary

  of £217 million.[23] In 2024, her pay packet rose to £265m as the company reported

  profits 📉 up 31% to £660 million, prompting criticism from problem gambling charity

  groups.[24] In January 2024, Bet365 ranked second on The 📉 Sunday Times list of the UK's

  top taxpayers, with the Coates family (Denise, John and Peter) paying an estimated

  total 📉 tax of £156 million, of which £99 million was paid by Denise alone.[25]

  Further

  criticism highlights repeated cases of Bet365 delaying 📉 or denying payment to winning

  players. For example, Bet365 was taken to court for refusing to pay over £1 million 📉 in

  winnings to a horse bettor in Northern Ireland in 2024.[26] The company refused a

  payout of £54,000 to a 📉 customer in England in 2024, a case which was still ongoing in

  2024.[27][28] In Australia, Bet365 froze the account of 📉 a punter who had won

  aroundR$200,000 AUD in 2024, refusing to pay out.[29] These are just some of the most

  📉 noteworthy instances; several more cases of Bet365 refusing to pay winnings have been

  reported by gamblers on Internet gambling forums.[30][31]

  Although 📉 gambling is illegal

  in most jurisdictions of India, Bet365 nonetheless conducted surrogate advertising in

  the country. India's consumer affairs ministry 📉 served notices to various television

  channels and apps for promoting gambling companies and asked them to stop showing ads

  from 📉 Bet365 and other betting platforms immediately.[32]

  Media [ edit ]

  In the UK, the

  face of Bet365, since 2010, has been actor 📉 Ray Winstone.[33]

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