Bet365 Boss Handed Massive Tax Bill

By Martin Green26 January 2020
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Bet365 boss Denise Coates was Britain’s biggest taxpayer last year, according to the new Sunday Times Tax List. Coates, who set up the business in a portakabin in Stoke-on-Trent, has often been criticised for the eye-watering pay packets she awards herself. She is comfortably the highest paid chief executive in the UK. However, in an age where many firms dodge tax by setting up offshore holding companies, the Coates family has seemingly paid its fair share. Her liability was an enormous £276 million last year, according to the Sunday Times. That includes her family’s £113.2 million share of Bet365’s corporation tax bill, and £130 million in tax from her £276.6 million income. Harry Potter author JK Rowling, vacuum cleaner mogul Sir James Dyson and Sports Direct owner Mike Ashley also featured in the top 20.

William Hill has released more than 1,000 prop bets for Super Bowl LIV. They range from the sensible to the ludicrous. Chief’s QB Patrickl Mahomes is the 4/6 favourite to be named Super Bowl MVP, followed by 49ers QB Jimmy Garoppolo at 3/1. You can bet on the result of the coin toss, whether there will be a safety, the colour Gatorade that will be dumped on the winning coach, the length of time it will take Demi Lovato to sing the National Anthem and much more. The Chiefs are the narrow favourites to win the big game, which takes place next Sunday.

MPs have criticised the UK Gambling Commission for allowing Ladbrokes Coral owner GVC to conduct a review of online betting for VIP customers. Last week NHS mental health director Claire Murdoch attacked the industry for offering hospitality tickets, VIP treatment and free bets to vulnerable bettors. The UKGC ordered a review, but GVC was chosen to conduct it. Conservative MP Sir Iain Duncan Smith, who sits on the All-Party Parliamentary Group for Gambling Related Harm, said it was a “bizarre” decision. “The Gambling Commission needs to be reformed,” he said. “This really does show you where the thinking has gone completely wrong. It’s like putting the mafia in charge of looking into organised crime.”

A Paddy Power punter is £54,577 better off after placing two successful accumulators on weekend football matches. He put £20 on over 2.5 goals in six different games: Sheffield Wednesday vs Blackburn, Fleetwood Town vs Shrewsbury, Bradford vs Scunthorpe, Cambridge United vs Stevenage, Northampton vs Morecambe and Alloa vs Inverness. The punter was feeling bold, so he placed another £20 acca on over 3.5 goals in each of those games. They all came in, with the first acca paying £1,389.96 and the second paying £53,187.84.

Unibet has expanded its sponsorship of Ligue 1 champions PSG through to the end of the 2022-23 season. The deal is thought be worth around €1.5 million per year and it make Unibet the official betting partner of PSG across the world. The previous agreement expired this season and only covered Europe. “We are delighted to broaden our partnership with PSG and take it to an even wider audience across the world,” said Mathieu Drida at Unibet owner Kindred Group. “Since the start of last season, we have engaged in major communication campaigns that have proved very successful with football fans. We firmly believe that by extending our agreement with PSG we can strengthen our position in France and promote the Unibet brand in Europe and beyond.”