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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