Great British Billion-Pound Businesses

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7

Denise Coates & John Coates

Bet365

£6.0 billion

Denise Coates

Job Title
Co-CEO

Founding Age
33

Current Age
57

Education Level
University of Sheffield, Bachelors degree in econometrics

Previous Profession
Entrepreneur

Social Media Profile
LinkedIn

John Coates

Job Title
Co-CEO

Founding Age
30

Current Age
55

Education Level
Bristol University, Bachelors degree in law

Previous Profession
Lawyer

Social Media Profile
LinkedIn

Bet365

Industry
Hospitality & Leisure

Revenue
£3.7bn

Profit
£626.6m

Founded
2000

HQ
Stoke-on-Trent, UK

Website
bet365.com

Predicting the future is a useful skill for a bookie. Back in the 1990s, Denise Coates was running her family’s modest chain of Midlands betting shops when she realised that the internet would make it possible for her to create a global gambling giant. In 2000, amid the financial turmoil of the dotcom crash, Coates and her brother John started Bet365 from a portable building in a car park in Stoke-on-Trent. Relentlessly investing in their own technology has been critical to the Coates’s success. Bet365 could adapt its website more quickly than its rivals and pioneered “in-play” or “live” betting, where punters could wager on a game once it had begun. Betting soon became possible on the number of free kicks, the half-time score and countless other aspects of football and an ever-growing roster of sports around the world.

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