Bet365 boss Coates gets pay lift to near $420m despite loss

New York | Bet365 Group founder and joint CEO Denise Coates’ salary rose 3.4 per cent last financial year to £220.7 million ($419 million) from the previous year even as the company swung to a loss.

The company swung to a pretax operating loss of £72.6 million, from the year-earlier £49.8 million profit, citing higher costs related to enter new markets, the UK-based betting group said in corporate filings for the year ended March 26.

Bloomberg