The New York Times’ Rich List Has Recently Been Updated to Include Denise Coates as One of Its Top 20 Richest People

The yearly rich list that is compiled by The Times and is now available for public consumption. In addition to the regular cast of steel magnates, hedge fund managers, and real estate developers, a newcomer has been added to the cast. This is not the first time that anything like this has taken place. As of right now, the Coates family is considered to be among the top 20 wealthiest families or individuals everywhere in the entire world. Denise, John, and Peter Coates, whose income comes from the online gambling behemoth Bet365, have maintained their position as number 17 on this list for the second year in a row. The Coates’ fortune originates from the online gambling behemoth. There was a rise of £189 million in the family’s net worth compared to the year 2021, bringing the total to £8.637 billion.

It is reported that Denise Coates has a salary that is higher than that of everyone else in the United Kingdom, despite the fact that she agreed to take a pay cut of 170 million pounds. Bet365’s creator brought home a total of 249.6 million pounds during the company’s fiscal year 2022-21. This figure represents the amount of money that was earned by Bet365. In addition to this, the man, who was born and raised in Stoke-on-Trent and is now 54 years old, was presented with an additional £58.9 million in dividends from the company. According to The Times’ valuation, the online gambling company all casinos site is worth billions.

Even while Covid 19 may have first caused havoc with the athletic calendar, this has not been enough to slake the public’s thirst for betting on sporting events. People went to alternate kinds of gambling, such as eSports and online casinos, in order to fill the hole that was created by the absence of traditional athletic events. eSports are a form of competitive video gaming that simulates traditional sports. In addition to the members of the Coates family, the list included a number of other prosperous gamblers and businesses.

Mark Scheinberg of PokerStars moved up one spot, from 49th to 48th, and saw a 407 million pound rise in his wealth, bringing it to 3.92 billion pounds. He also moved up one spot in the rankings. The combined value of Fred and Peter Done’s holdings went up by 241 million, increasing the grand total to which they are entitled to 1.476 billion pounds. BetFred is the source of their wealth, and the company has climbed up the rankings, going from position 137 to number 120 in the process. Over the duration of the time period covered by the data, the wealth of Ruth Parasol’s family was the only one of the gambling families to experience a decline in wealth. The fortune of the owners of the BWins casino, which was estimated to be 780 million pounds, fell from the 208th position on the list to the 211th position on the list.

Because of their work in the gaming industry, the Coates family became the first in history to amass a fortune of one billion dollars in the same calendar year (2014), according to an article written by casino resources. They started out by running a small chain of classic, brick-and-mortar betting shops in the area around Stoke-on-Trent. After completing her undergraduate work in economics, Denise Coates came to the conclusion described above. She is of the opinion that the industry will become increasingly online. In the year 2000, she made the purchase of the domain name The shops each had their own mortgages attached to them. The family came to the conclusion that they would rather create their own software than rely on anything that could be provided by a third party.

In an interview in 2003, Peter Coates stated that his primary concern was the fifty betting shops located throughout the country, whereas his son and daughter were more concerned with the online component of the business. Peter Coates’s son and daughter were more concerned with the online component of the business. However, by the year 2005, the online component of the business was performing so well that the high street shops were sold to Coral, and Bet365 converted into a firm that functioned exclusively on the internet.

It’s possible that the Coates family was one of the first groups of individuals to grasp the potential of the internet for online gambling, but they were most certainly not the last. The industry of online gambling, which is continuously undergoing additional development, is widely regarded as one of the most innovative and active fields. The United Kingdom was one of the first countries in the world to establish a regulated market and to work toward the formation of industry standards and best practices. This accomplishment places the United Kingdom among the ranks of the world’s most innovative countries. As a consequence of this, the United Kingdom Gaming Commission is frequently considered to be among the most stringent regulatory authorities operating in the international market for online gaming. This gave companies with a strong base on which to invest and for the development of new technologies; if they were successful in the market in the UK, then they would be allowed to export their goods to other nations.

As a direct result of the Gambling Act that was passed in 2005, limits on gambling businesses’ ability to advertise were lifted in the year 2007. This opened the door for a significant number of brand new online casino operators and games to enter the industry. When LeoVegas was founded in 2011, the company’s primary objective was to capitalize on the growing market for online casinos. In addition to the more traditional casino table games, the website now features some of the most lucrative returns on investment (RTP) slots that can be found in the United Kingdom. The business that is relatively new to the industry recently reached an agreement to sell itself to MGM Casinos of the United States for a purchase price of 607 million dollars.

Due to the fact that it is a publicly traded company, the shareholders are required to give their consent in order for the transaction to go forward. The company’s most prominent stakeholder, Gustaf Hagman, who was also the company’s founder and is now the Chief Executive Officer, has nevertheless previously given his approval to the idea. Hagman was also the company’s first employee. It would indicate that MGM, which is primarily known for its casinos that are located on land, is also interested in breaking into the lucrative European internet business.