Bet365 - Wikipedia

Bet365 Group Ltd is a leading British online gambling company based in the United Kingdom. It was founded by Denise Coates, who remains the majority ... Bet365 FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch Britishonlinegamblingcompany Bet365GroupLtd.TypeofsitePrivateFounded2000;22 yearsago (2000)HeadquartersStoke-on-Trent,EnglandOwnerDeniseCoatesJohnCoatesPeterCoatesFounder(s)DeniseCoatesIndustryOnlinegamblingServicesOnlinebetting&gamingRevenue£2.981billion[1](2019)Operatingincome£767million[1]Employees5538[1]URLwww.bet365.com Bet365GroupLtd(commonlyknownandstylizedasbet365andspokenas"betthree-six-five")isaleadingBritishonlinegamblingcompanybasedintheUnitedKingdom.ItwasfoundedbyDeniseCoates,whoremainsthemajorityshareholderandjoint-chiefexecutivealongsideherbrother,John. Contents 1Overview 2History 2.1Overseasoperations 3Awardsandachievements 4Controversies 5References Overview[edit] Bet365isanonlinegamblingcompanyofferingsportsbettingandcasinotypegames. InadditiontothecompanyheadquartersinStoke-on-Trent,Bet365havefurtherofficesinManchester,Gibraltar,[2]Malta,[3]BulgariaandAustralia.Thegroupemployedover4,000peopleasof2020.[4][5] Bet365isatradingnameofHillside(NewMedia)Ltd.[6]andoperationsincludingpaymentsthroughtheaffiliateprogramme[7]arecarriedoutunderthatname. History[edit] Bet365wasfoundedin2000inaportablebuilding[4]inStoke-on-TrentbyDeniseCoates.DenisedevelopedasportsbettingplatformandtradingteamtolaunchthebusinessonlineinMarch2001.Thebusinessborrowed£15millionfromRoyalBankofScotlandagainstthefamily'sbettingshopestatewhichhadbeenstartedbyPeterCoatesin1974andhadbeenrunbyDeniseCoatesasmanagingdirectorfrom1995.Bet365solditsbettingshopchainin2005for£40milliontoCoralandpaidoffitsloantoRBS.[8] Bet365chairmanPeterCoateswasalsothechairmanatStokeCityandinMay2012Bet365signedathree-yearcontractwiththeclubtobecomeshirtsponsors.[9]InApril2016,thecompanybecamethenewtitlesponsorsfortheclub'sstadiumforthenextsixseasons,replacingfellowlocalenterprisetheBritanniaBuildingSociety.[10]Inthesummerof2016,Bet365alsosignedshirtsponsorshipdealswithBulgarianclubsLudogoretsRazgradandSlaviaSofiafortheupcomingtwoseasons.[11][failedverification] Bet365'sreportedfigures(March2020-21)showedrevenuesof£2.8billionandaprofitof£470millionbeforetax.[12] DeniseCoates,jointchiefexecutive,continuestorunBet365andisthemajorityshareholderwith50.1%oftheshares.HerbrotherJohn,jointchiefexecutive,runsthebusinessalongsideher,withherfatherPeterholdingthepositionofchairman. Inthesummerof2019,thelargestUKbookmakersandonlinecasinooperatorsWilliamHill,GVCHoldings,FlutterEntertainment,StarsGroupandBet365enteredintoanagreementtotransferfundstocombatgamblingaddiction.Theyagreedtoincreasetheamountfrom0.1%to1%ofgrossincomeinthenextfiveyears. Overseasoperations[edit] In2018,shortlyaftertheU.S.SupremeCourtrulingonsportsbettingallowedU.S.statestoregulatesportsbetting,Bet365announcedplanstolaunchintheUnitedStatesstartingwiththestateofNewJerseywithapartnershipwithHardRockHotelandCasinoinAtlanticCity.[13]ThecompanywouldlaterannouncedinSeptember2021tolaunchinColoradowithalicensingandrevenuesharedealwithCenturyCasinos.[14] InApril2022,Bet365wasalsolaunchedinOntarioafteritwasapprovedbytheAlcoholandGamingCommissionofOntariotoconductsportsbettingactivitiesintheprovincefollowingthepassingofanewCanadianlawthatlegalizedsingle-gamebetting.[15] Awardsandachievements[edit] AttheeGamingReviewOperatorAwards2010organisedbyeGamingReviewmagazine,Bet365[16]wonthe"OperatoroftheYear"award.[17]Bet365rankedthirdinTheSundayTimesProfitTrack100leaguetable,whichranksprivatecompaniesintheUKbasedonprofitgrowthrate.[18]Bet365wasalsorankedasoneofthefastestgrowingprivatelyownedtechnology,mediaandtelecomscompaniesinTheSundayTimesTechTrack100leaguetable. eGamingReviewmagazinehasrankedBet365thenumberoneInternetgamingcompanyin2010,2011and2012aspartofitsannualPower50listofthetop50mostinfluentialInternetgamingcompanies.[19]DeniseCoates,founderandjointCEOofBet365,receivedaCBEinthe2012Queen'snewyearhonourslistforservicestothecommunityandbusiness.[20]InFebruary2013DeniseCoateswasnamedasoneofthe100mostpowerfulwomenintheUnitedKingdombyWoman'sHouratBBCRadio4.[21] Controversies[edit] InOctober2014,TheGuardiannewspaperreportedthatthecompanyhadbeentakingbetsfromChinesecitizensbyusingobscuredomainnamesinordertoavoidgovernmentwebcensorship.[22] In2016,Bet365wasfined$2.75millionAUDbytheAustralianCompetition&ConsumerCommissionformisleadingadvertisementswhichfalselypromised"freebets"tocustomers.[23] DeniseCoatesbecamethehighestpaidexecutiveintheUKin2017,awardingherselfasalaryof£217m.[24]In2018,herpaypacketroseto£265masthecompanyreportedprofitsup31%to£660m,promptingcriticismfromproblemgamblingcharitygroups.[25]InJanuary2019,Bet365rankedsecondonTheSundayTimeslistoftheUK’stoptaxpayers,withtheCoatesfamily–Denise,JohnandPeter–payinganestimatedtotaltaxof£156million,ofwhich£99millionwaspaidbyDenisealone.[26] FurthercriticismhighlightsrepeatedcasesofBet365delayingoroutrightdenyingpaymenttowinningplayers.Forexample,Bet365wastakentocourtforrefusingtopayover£1 millioninwinningstoahorsebettorinNorthernIrelandin2017.[27]Thecompanyrefusedapayoutof£54,000toapunterinEnglandin2016,acasewhichisstillongoingasof2017.[28][29]InAustralia,Bet365frozetheaccountandrefusedtopayapunterwhohadwonaround$200,000AUDin2016.[30]Thesearejustsomeofthemostnoteworthyinstances;severalmorecasesofBet365refusingtopaywinningshavebeenreportedbygamblersonInternetgamblingforums.[31][32] References[edit] ^abc"Bet365GroupLimitedbyCompanyCheckUK".16December2019.Retrieved16December2019. ^Evans,Jake(30January2020)."Bet365confirmsoperationalchangesinnewtermsandconditionsnote".EGRIntel.Retrieved28January2022. ^Diacono,Tim(20May2018)."OneOfTheWorld'sLargestSportsBettingAgenciesIsSetToRelocateToMalta".LovinMalta.Retrieved28January2022. ^ab"bet365-History". ^Bekmagambetova,Dinara."Bet365bosstakeshome£323millionafterbumperpayrise".MarketWatch.Retrieved26May2020. ^"ASAAdjudicationonHillside(NewMedia)Ltd".Archivedfromtheoriginalon12August2016.Retrieved24April2016. ^"bet365affiliatestermsandconditions".Archivedfromtheoriginalon22August2012.Retrieved22August2012. ^"AVeryPrivatePractice".Archivedfromtheoriginalon6April2012.Retrieved6October2011. ^"bet365puttheirshirtsonStokeCity".TheSentinel.Archivedfromtheoriginalon18June2013.Retrieved8May2012. ^"StokeCity'sBritanniaStadiumtobeknownasbet365Stadiumnextseason".TheGuardian.21April2016.Archivedfromtheoriginalon4June2016.Retrieved24May2016. ^"bet365isthenewgeneralsponsorofLudogorets".23June2016.Retrieved31July2016. ^"BossofBet365paidalmost£300mduringfirstyearofCovid".TheGuardian.3March2022.Retrieved3March2022.{{citejournal}}:CS1maint:url-status(link) ^Wayne,Parry(10July2018)."HardRock,Bet365plansportsbettinginNewJersey".AssociatedPress.Retrieved10December2021. ^Ruden,Pete(23September2021)."bet365PlanstoEnterNewColoradoSportsBettingMarket".ActionNetwork.Retrieved10December2021. ^Rocca,Ryan(23March2022)."Here'swhatwillchangewhenOntario'snewinternetgamblingmarketopensApril4".GlobalNews.CorusEntertainment. ^"Bet365". ^"bet365winsEGROperatoroftheYearaward".Archivedfromtheoriginalon27November2010.Retrieved29November2010. ^"SundayTimesFastTrack".Archivedfromtheoriginalon31March2012.Retrieved6October2011. ^"Exclusive:bet365claimsPower50crownforthirdyearrunning".Archivedfromtheoriginalon12October2013.Retrieved18December2012. ^"DeniseCoatesisamongthosenamedinNewYearHonours".BBCNews.31December2011.Archivedfromtheoriginalon13January2012.Retrieved2February2012. ^"DeniseCoatesCBE".BBC.Archivedfromtheoriginalon19February2013.Retrieved7May2013. ^"Revealed:howBet365profitsfromChinesepunterswhoriskjailforgamblingonline".TheGuardian.Archivedfromtheoriginalon31May2016.Retrieved2June2016. ^"Courtimposes$2.75millioninpenaltiesonbet365companiesformisrepresentingfreebetoffer".AustralianCompetition&ConsumerCommission.Archivedfromtheoriginalon1December2017.Retrieved27November2017. ^"Bet365chiefDeniseCoatespaidherself£217mlastyear".TheGuardian.Archivedfromtheoriginalon26November2017.Retrieved27November2017. ^Chapman,Ben(21November2018)."Bet365bossDeniseCoates'payrisesto'eye-watering'£265m".TheIndependent.Archivedfromtheoriginalon6January2019.Retrieved5January2019. ^"UK's'highesttaxpayers'revealed".BBC.com.27January2019.Archivedfromtheoriginalon27January2019.Retrieved27January2019. ^"Exclusive:Teenagertakesbet365tocourtover£1m'won'onhorseraces".TheTelegraph.Archivedfromtheoriginalon3December2017.Retrieved27November2017. ^"Bet365faceslegalactionoverdelayinpayingwinningpunter£54,000".TheGuardian.Archivedfromtheoriginalon29September2017.Retrieved27November2017. ^"Bookmakerbet365admitsmistakeinwrangleover£54,000account".TheGuardian.Archivedfromtheoriginalon1December2017.Retrieved27November2017. ^"Punterowedsix-figurepayouthasaccountfrozenafterdogplunge".TheAustralian.Retrieved27November2017. ^"Bet365AccountLockedfor5Months(ref.ACSTA)".TwoPlusTwo.Retrieved27October2017. ^"Bet365requestsstrangeverificationway.Isitsecureanddotheyhavesuchright?".SporsBookReview.Archivedfromtheoriginalon1December2017.Retrieved2July2017. vteCityandunitaryauthorityofStoke-on-TrentAreas,townsandwards AbbeyGreenward AbbeyHulton BankyBrook Basford Bentilee BirchesHead Blurton BlytheBridge Bradeley Bucknall Burslem Chell CliffeVale Cobridge Dresden Etruria Fenton Goldenhill Hanley Hartshill HeronCross Lightwood Longport Longton Meir Middleport Milton NortonleMoors Penkhull Shelton Sideway Smallthorne SneydGreen Stoke-upon-Trent Trentham TrentVale Tunstall WestonCoyney History CeramicandAlliedTradesUnion Darwin–Wedgwoodfamily FederationofStoke-on-Trent HistoryofPortValeF.C. HistoryofStokeCityF.C. StaffordshirePotteries WedgwoodPotteryInStoke-on-Trent 1842Potteryriots ParliamentaryconstituenciesCurrent Stoke-on-TrentNorth Stoke-on-TrentCentral Stoke-on-TrentSouth Historic Burslem Hanley Stoke-on-Trent Stoke-upon-Trent Religion StokeMinster BethesdaMethodistChapel StJohn'sChurch,Burslem ChristChurch,Fenton HultonAbbey StJames'Church,Longton OurLadyoftheAngelsandStPeterinChainsChurch ChristChurch,Tunstall TourismBuildings Bottleovens EtruriaHall FordGreenHall OldTownHall,Burslem TrenthamMausoleum TheVillas WedgwoodInstitute WaterWorld WintonSquare(NorthStaffordHotel) Theatres MitchellArtsCentre Queen'sTheatre RegentTheatre StokeRep TheatreRoyal VictoriaHall Museumsandlibraries BurslemSchoolofArt ChatterleyWhitfield EtruriaIndustrialMuseum GladstonePotteryMuseum MontaguC.ButlerLibrary PotteriesMuseum&ArtGallery SpodeMuseum Shopping CitySentral PotteriesShoppingCentre Parksandcountryside BagnallRoadWood BerryhillFields BurslemPark HanleyPark HartshillPark HemHeathWoods Stoke-on-TrentGardenFestival TrenthamEstate WestportLake WhitfieldValley Sportandmusicvenues Bet365Stadium GoldenTorch Jollees LongtonCricketClubGround MeirHeathCricketClub Shelley'sLaserdome TheSugarmill TheUnderground ValePark MassmediaPublishing CrossRhythms G&Y PitsnPots TheOatcake TheSentinel Radio BBCRadioStoke CrossRhythmsCityRadio GreatestHitsRadioStaffordshire&Cheshire Signal1 UCBUK Stoke&Stafford(DABMultiplex) Education Listofschools Stoke-on-TrentCollege CityofStoke-on-TrentSixthFormCollege StaffordshireUniversity RoyalStokeUniversityHospital CompaniesPottery AynsleyChina BeswickPottery BurleighPottery CarltonWare ChurchillChina ClayburnPottery Dudson EmmaBridgewater EtruriaWorks Gray'sPottery JamesSadlerandSonsLtd Lucideon J.&G.Meakin MidwinterPottery Mintons Moorcroft Palissy ParagonChina PortmeirionPottery RoyalDoulton RoyalWinton ShelleyPotteries Spode Steelite Wedgwood WHGrindley Other ArmitageShanks Bet365 ClayRecords DechraPharmaceuticals GoodwinSteelCastings HanleyEconomicBuildingSociety RandlesMotorGroup SheltonBar SonsLtd. TitanicBrewery TwyfordBathrooms WrightsPies SportAssociationfootballteams AbbeyHultonUnited DresdenUnited EastwoodHanley HanleyTown MeirKA NortonUnited PortVale StokeCity Rugbyunionteams LongtonRugbyClub StokeonTrentRUFC Speedwayteams StokePotters StokeSpitfires TransportCanals CaldonCanal TrentandMerseyCanal Publictransport D&GBus FirstPotteries StokeStreetcar Rail Longportrailwaystation Longtonrailwaystation NorthStaffordshireRailway Stafford–Manchesterline Stoke-on-Trentrailwaystation Stokerailwayworks Majorroads A34 A50 A52 A53 A500 LongtonInterchange Miscellaneous Listofpeople Lobby MayunMarLady Oatcake OwdGrandadPiggott Potteriesderby Potteriesdialect RiverTrent SanityFair StartUpCitywide STpostcodearea Retrievedfrom"https://en.wikipedia.org/w/index.php?title=Bet365&oldid=1108929354" Categories:CompaniesbasedinStoke-on-TrentOnlinegamblingcompaniesoftheUnitedKingdomGamblingcompaniesestablishedin2000Internetpropertiesestablishedin20002000establishmentsintheUnitedKingdomOnlinecasinosCoatesfamilyHiddencategories:CS1maint:url-statusArticleswithshortdescriptionShortdescriptionmatchesWikidataEngvarBfromSeptember2013UsedmydatesfromSeptember2013AllarticleswithfailedverificationArticleswithfailedverificationfromOctober2016 Navigationmenu Personaltools NotloggedinTalkContributionsCreateaccountLogin Namespaces ArticleTalk English Views ReadEditViewhistory More Search Navigation MainpageContentsCurrenteventsRandomarticleAboutWikipediaContactusDonate Contribute HelpLearntoeditCommunityportalRecentchangesUploadfile Tools WhatlinkshereRelatedchangesUploadfileSpecialpagesPermanentlinkPageinformationCitethispageWikidataitem Print/export DownloadasPDFPrintableversion Languages العربيةتۆرکجهБеларускаяБеларуская(тарашкевіца)БългарскиEspañolفارسی한국어BahasaIndonesiaMagyarМакедонски日本語PolskiPortuguêsRomânăРусскийSlovenščinaСрпски/srpskiSvenskaTürkçeУкраїнська中文 Editlinks