A charity founded by Denise Coates, the billionaire boss of online gambling firm Bet365, has reduced its donations to good causes from £9m to £6m, despite its reserves swelling by almost 50% to £568m.
Accounts filed at Companies House detail the charitable activity of the foundation set up by Coates, Britain’s best-paid woman, whose £421m pay-and-dividend package for 2020 took her earnings beyond £1bn in four years.
Divisions of her Stoke-based Bet365 empire donated £100m to the Denise Coates Foundation in the year to 28 March 2021, the accounts show, while investments held by the charity grew in value by £86.5m.
THE GUARDIAN:
https://amp-theguardian-com.cdn.ampproject.org/c/s/amp.theguardian.com/society/2022/jan/02/betting-billionaires-charity-cuts-donations-from-9m-to-6m
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