Bet365 Group, the owner of Championship side Stoke City FC, has announced that it is reducing the debts of the club’s holding company by £160million. In looking to underline the owner’s continuing long-term commitment to the club and its funding, the firm converted £40million of shareholder loans into equity in Stoke City Holdings Limited and have also waived £120million of …
Read More »Tag Archives: John Coates
Flutter joins EGBA as organisation strengthens sustainability pledge
Flutter Entertainment has become the latest operator to join the European Gaming and Betting Association (EGBA). By joining the Brussels-based trade group, Flutter has reiterated its commitment to industry responsibility and safer gambling across the European betting and gaming sector, with the organisation representing EU licenced and regulated operators. The Dublin-based FTSE 100 company joins a range of prominent betting …
Read More »EGBA secures sustainability reporting commitment from European leaders
The leadership of Europe’s biggest online gambling firms have outlined their ‘collective ambitions’ to foster a stronger culture supporting safer gambling across all European markets. The leadership mandate was published by the European Gaming & Betting Association (EGBA) – the Brussels-based trade body charged with representing online gambling at an EU business and legislative level. A letter co-signed by John …
Read More »bet365 owners retain Rich List status
Denise, John and Peter Coates, the family behind online betting and gaming operator bet365, have secured their position on the Sunday Times Rich List, standing at 17th out of 250. The trio recorded a total net worth of £4.4 billion in 2021, up by £1.3 billion when compared to their 2020 net worth. Collectively, the Coates family own 93.3% of …
Read More »Betting bosses withdraw from upcoming APPG hearing
GVC Holdings Group CEO Kenneth Alexander has withdrawn from this week’s Gambling Related Harm All Party Parliamentary Group (GRH APPG) hearing, with the group’s chair Carolyn Harris MP branding the executive’s decision ‘outrageous’. The APPG hearing, which will specifically focus upon identifying and resolving harms caused by online gambling, brings together representatives from a number of leading UK operators including GVC, William Hill …
Read More »AOC aims to arrest decline by emulating Britain’s lottery system
Australia’s Olympic Committee (AOC) President John Coates has thrown ‘100% support’ behind calls for an A$50 million (£29.86 million) lottery to boost funding for sport in the country. The proposal comes after Australia’s disappointing 10th place finish in the medals table at Rio 2016, which continued a decline from fourth place in both Sydney (2000) and Athens (2004). Coates made …
Read More »bet365 nets Sky Sports’ Monday & Friday Night Premier League sponsorships
Sky Sports has confirmed bet365 as its official sponsor of Monday and Friday Night English Premier League football matches. The Stoke-based bookmaker becomes a Sky Sports official EPL broadcast partner alongside Japanese car manufacturer Nissan, who will be the main sponsor of Saturday and Sunday matches. The sponsorship deal negotiated by Drummond Central and Republic of Media on behalf of …
Read More »The Financial Times profiles Stoke business leader Denise Coates
UK business news source The Financial Times (FT) has profiled bet365’s founder and Co-CEO Denise Coates. The profile, written by Enterprise Editor Andrew Bounds, describes Coates as the ‘driving force’ behind the operator’s success and rapid growth. In a period of 15 years bet365 has become the world’s largest online gambling operator employing more than 2000 staff, making the company …
Read More »