Type of site
|Area served||United Kingdom|
|Owner|| Denise Coates |
|Services||Online betting & gaming|
Bet365 Group Ltd (trading[ vague ] as "bet365") is a British online gambling company based in the United Kingdom. It was founded by Denise Coates, who remains the majority shareholder and joint chief executive alongside her brother, John.
Bet365 is an online gambling company offering sports betting and casino type games like Play Casino online - best10gambling.
In addition to the company headquarters in Stoke-on-Trent, Bet365 have further offices in Manchester, Gibraltar, Malta, Bulgaria and Australia.[ citation needed ] The Group employs over 4,000 people as of 2020.
Bet365 is a trading name of Hillside (New Media) Ltd.and operations including payments through the affiliate programme are carried out under that name.
Bet365 was founded in 2000 in a portable buildingin 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 RBS 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.
Bet365 chairman Peter Coates also has the same position at Stoke City and in May 2012 Bet365 signed a three-year contract with the club to become shirt sponsors.In April 2016, 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. In the summer of 2016, Bet365 also signed shirt sponsorship deals with Bulgarian clubs Ludogorets Razgrad and Slavia Sofia for the upcoming two seasons.
Bet365's reported figures to March 2018 showing amounts wagered on sports at £52.56 billion, revenues of £2.86 billion and an operating profit of £660.3 million.
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.
As of 2020, Bet365 is one of the first gambling companies to offer the option of early payout.
At the eGaming Review Operator Awards 2010 organised by eGaming Review magazine, Bet365 won the "Operator of the Year" award.Bet365 ranked third in The Sunday Times Profit Track 100 league table, which ranks private companies in the UK based on profit growth rate. 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.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. 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.
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.
In 2016, Bet365 were fined $2.75 million AUD for misleading advertisements which falsely promised "free bets" to customers.
Denise Coates became the highest paid executive in the UK in 2017, awarding herself a salary of £217m.In 2018, her pay packet rose to £265m as the company reported profits up 31% to £660m, prompting criticism from problem gambling charity groups. In January 2019, 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.
Further criticism highlights repeated cases of Bet365 delaying or outright 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 2017. The company refused a payout of £54,000 to a punter in England in 2016, a case which is still ongoing as of 2017. In Australia, Bet365 froze the account and refused to pay a punter who had won around $200,000 AUD in 2016. 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.
Betfair is an online gambling company which operates the world's largest online betting exchange. It also offers a Sportsbook, online casino, online poker and online bingo. The company's headquarters are located in Hammersmith in West London, United Kingdom and Clonskeagh, Dublin.
The bet365 Stadium is an all-seater football stadium in Stoke-on-Trent, Staffordshire, England and the home of EFL Championship club Stoke City. The stadium was previously called the Britannia Stadium but was renamed on 1 June 2016 when the club entered into a new stadium-naming-rights agreement with its parent company, bet365. It has a capacity of 30,089 following the completion of expansion works in 2017.
In the United Kingdom, the football pools, often referred to as "the pools", is a betting pool based on predicting the outcome of top-level association football matches taking place in the coming week. The pools are typically cheap to enter, and may encourage gamblers to enter several bets.
Paddy Power is an Irish bookmaker founded in 1988 in Dublin, Ireland. The company conducts business through a chain of licensed betting shops in Ireland and the United Kingdom, and by operating Ireland's largest telephone betting service. On the internet, it offers sports betting, online poker, online bingo, online casino and online games. It merged with Betfair to create Paddy Power Betfair now Flutter Entertainment on 2 February 2016.
Ladbrokes Coral is a British betting and gambling company. It is based in London. It previously owned the Hilton hotel brand outside the United States, and was known as Hilton Group plc from 1999 to 2006. In November 2016, Ladbrokes acquired Gala Coral Group, and changed its name to Ladbrokes Coral.
William Hill plc is a bookmaker based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Gambling in the United Kingdom is regulated by the Gambling Commission on behalf of the government's Department for Digital, Culture, Media and Sport (DCMS) under the Gambling Act 2005. This Act of Parliament significantly updated the UK's gambling laws, including the introduction of a new structure of protections for children and vulnerable adults, as well as bringing the burgeoning Internet gaming sector within British regulation for the first time.
888 Holdings PLC, known commonly as 888.com, is a public company which owns several popular gambling brands and websites. 888 is based in Gibraltar. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Playtech plc is a gambling software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games and fixed-odds arcade games online. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Peter Coates is an English businessman, the co-founder of Bet365, and the chairman of Stoke City Football Club. In 2006 he was listed as the 25th richest person in British football. He founded Stadia Catering in the 1960s and Signal Radio in 1983.
Betfred is a bookmaker based in the United Kingdom, founded by Fred and Peter Done. It was first established as a single shop in Ordsall, Salford, in 1967. Its turnover in 2004 was more than £3.5 billion, having risen from £550 million in 2003. It has its head office is in Birchwood, Warrington and also has offices in Media City, Salford Quays, Salford.
Crown Resorts Limited is one of Australia's largest gaming and entertainment groups which had, in April 2018, a market capitalisation of just over A$8.7 billion.
The Gambling Commission is an executive non-departmental public body of the Government of the United Kingdom responsible for regulating gambling and supervising gaming law in Great Britain. Its remit covers arcades, betting, bingo, casinos, slot machines and lotteries, as well as remote gambling, but not spread betting.
Sportsbet.com.au, also known as Sportsbet, is an Australian online bookmaker, and as of October 2012, was Australia's biggest corporate bookmaker. Sportsbet was established in May 1993, and was Australia's first licensed bookmaker. The company was acquired by Paddy Power in December 2010, and since 2 February 2016, it has been owned by Flutter Entertainment plc.
Denise Coates is a British billionaire businesswoman, the founder and joint chief executive of online gambling company Bet365.
The Betway Group is a global online gambling company with a number of brands including Betway Sportsbook, Betway Casino, Betway Vegas, Betway Bingo and Betway Poker
John Fitzgerald Coates, is an English businessman and joint chief executive (CEO) of online gambling company Bet365. He has been listed in the Forbes magazine’s 29th annual rich list, with an estimated personal fortune of $1.3 billion.
Flutter Entertainment plc is a bookmaking holding company created by the merger of Paddy Power and Betfair, and the later acquisition of The Stars Group. It is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index. It operates under various brands including Adjarabet, BetEasy, Betfair, FanDuel, FOX Bet, Full Tilt Poker, Paddy Power, PokerStars, Sky Bet, Sportsbet.com.au, Timeform and TVG Network.
Lottoland Limited is a company based in Gibraltar. One of its main areas of business is offering online bets on the results of more than 30 different lottery draws.
Betting on horse racing or horse betting commonly occurs at many horse races. It started in the UK in the early 1600s during the reign of King James I. Gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses is, however, prohibited at some racetracks. For example, because of a law passed in 1951, betting is illegal in Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank Carolina Cup and Colonial Cup Steeplechase in Camden, South Carolina.