Good Bad Billionaire Denise Coates: Ultimate gambler
Nov 14, 2023
Denise Coates: Founder of Bet365, the world's highest paid woman in gambling, shares her journey from accountant to billionaire. The podcast explores her low-key lifestyle, impact as a taxpayer, and challenges in researching her. It discusses Bet365's transition from physical to online betting, their focus on safer gambling, and Coates' preference for privacy. The hosts give contrasting viewpoints on Coates and tease the next episode on Bill Gates.
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Stoke-on-Trent Commitment
- Bet365 stayed firmly rooted in Stoke-on-Trent despite competitors moving to tax havens.
- The company became Stoke's largest private sector employer, reflecting strong local commitment.
Operating in Grey Regulatory Areas
- Bet365 operated in China, a market where online gambling is mostly illegal, by frequently changing website addresses.
- This illustrates the complex grey area of international online gambling regulations.
Social Harms of Online Gambling
- Online gambling is addictive and harder to regulate, increasing social harms.
- The ease of online betting can exacerbate problems like addiction and underage gambling.