When you're the founder of one of the world's most successful online gambling platforms and see record setting profits within the first decade of your inception, what do you do? If you're Denise Coates, the founder of Bet365 Canada, you give it to charity!
Coates is known for not only the wealth she created with the Bet365 platform but also for her generous spirit, having already given large sums to Oxfam, victims of various natural disasters, and other favorite causes. Now she is launching a new charity with some £100 million in earnings from the online platform she helped create and build.
Bet365 is based in Stoke in the UK and in the past decade has quickly grown into one of the world's most successful online gambling platforms. This is thanks in part to their live betting abilities which give players the chance to gamble on events as they are played out. In 2012 their profits were a record £148 million but they easily doubled those numbers the next year, seeing some £319 million pretax dollars earned! This makes them the largest online bookmaker in all of the United Kingdom and one of the largest worldwide.
Coates herself is listed in Forbes magazine as having a personal net worth of some £930 million although other sources have estimated that number to be closer to £1.2 billion. She and her brother, another founder of the company, helped build it together and saw record traffic during the World Cup, allowing players from all over the world to place bets as the game unfolded!
As said, Coates is not new to charitable causes and giving. The Bet365 foundation ensures funds are earmarked for donation to Cafod, Oxfam, the Douglas Macmillan hospice which is set up for cancer patients, scholarships for various universities, and causes for different natural disasters. Her recent decision to up the ante to some £100 million makes her a leader not just in the online gaming industry but also in the arena of charitable giving!
Many bookmakers and those who provide platforms for online gambling see record profits every year and Coates is leading the way in ensuring those profits do some good. She is to be congratulated for getting involved in these causes and for setting the example for others in her same industry! It great to know that all the Canadian Bet365 profits are going to a good cause.