Bet365 Group Ltd founder and joint Chief Executive Officer Denise Coates received a salary of £220.7 million ($280 million) during the last financial year, up 3.4% from the previous period, even as the company swung to a loss.
The company swung to a pretax operating loss of £72.6 million, from a profit of £49.8 million the previous year, citing higher costs related to enter new markets, the Stoke-on-Trent, England-based betting group said in corporate filings for the year ended March 26.
Privately-held Bet365 also paid out £100 million in dividends for the period. Coates holds 58.3% of the company’s shares, according to a separate filing.
Representatives for Coates and Bet365 didn’t respond to requests for comment.
