Denise Coats

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Lawsuits, Liens or Bankruptcies found on Denise's Background Report Criminal or Civil Court records found on Denise's Family, Friends, Neighbors, or Classmates View Details View Photos Denise Coats, 38. Coates Ph.D., University of Maryland Professor, Economics Contact Information. Email: coates@umbc.edu Office: PUP 323 Phone: 410-455-3243. Curriculum Vitae Research Interests. Public Choice, Public Finance, Sports Economics. Working Papers “Estimating substitution effects of time for fitness consumption” (with Pamela Wicker. Also known as Denise Coates, Fletcher Denise, Denise Sherline Coats, D Coats. Includes Address (5) Phone (11) Email (10) See Results. Denise Lea Abbate, 66. Resides in Denver, CO. Lived In Littleton CO, Columbus MT, Arvada CO. Related To Michael Abbate, Anthony Abbate, Jane Abbate, Larry Abbate. View phone numbers, addresses, public records, background check reports and possible arrest records for Denise Coats in Alabama (AL). Whitepages people search is. View the profiles of people named Denise Coats. Join Facebook to connect with Denise Coats and others you may know. Facebook gives people the power to.


Born26 September 1967 (age 53)
NationalityBritish
EducationUniversity of Sheffield
OccupationBusinesswoman
Known forFounder and joint CEO, Bet365
Net worthUS$10.2 billion (February 2021)[1]
Spouse(s)Richard Smith
Children5
Parent(s)Peter Coates
RelativesJohn Coates (brother)
Denise coats booth

Denise CoatesCBE (born 26 September 1967) is a British billionaire businesswoman, the founder and joint chief executive of online gambling company Bet365.[2]

In October 2019, Forbes magazine estimated Coates's net worth at $12.2 billion.[3] In 2018, Coates was paid a £323 million, which included a 50 per cent share of a £92.5m company dividend.[4] As of 2019, Coates is the highest paid chief executive of any UK company and one of the wealthiest woman in Britain according to the Sunday Times Rich list.[4][5]

Early life[edit]

Denise Coates was born the eldest daughter of Peter Coates, chairman of Stoke City F.C. and a director of Bet365. She earned a first class degree in econometrics from the University of Sheffield.[6]

Business career[edit]

While at school, Coates started work in the cashiers' department of Provincial Racing, a bookmaking firm owned by her family. After leaving university, she continued to work at Provincial Racing, as an accountant. Following this, Coates became managing director over the small chain of shops in 1995. That same year, Coates obtained a loan from Barclays to acquire a neighbouring chain.[7]

Bet365 Gold Cup at Sandown in April 2011

Bet365[edit]

In January 2000, Coates purchased the domain name Bet365.com.[8] Bet365.com was launched in 2001 as an online betting site. The business borrowed £15 million from RBS against the family's betting shop estate. In 2005, these shops were sold to Coral for £40 million, which allowed Coates to pay off the loan to RBS.

As of 2016, Bet365 is one of the world's largest online gambling companies, with $2 billion in revenues and facilitating $45 billion in yearly bets. The company also owns a majority stake in Stoke City Football Club. In 2015, Bet365 moved its headquarters from Stoke to Gibraltar because of its favourable regulations. Coates still runs the company alongside her brother, and co-CEO, John Coates.[9]

Coates is the majority shareholder with 50.01% of Bet365. Her personal fortune is estimated at $12 billion, as of December 2019.[1]

In 2017, Coates was criticised for paying herself £217 million, with Mike Dixon, CEO of Addaction, saying 'It cannot be right that the CEO of a betting company is paid 22 times more than the whole industry ‘donates’ to treatment.'[10] In 2018, it was announced that her salary had increased to £265 million, around 9,500 times more than the average UK salary, with Luke Hildyard of the High Pay Centre commenting, 'Obviously, people who build successful companies need to be rewarded for their hard work, but this is an obscene amount of money for someone who is already a billionaire. It's weird to think that someone so rich would want to get their hands on even more, rather than put it to a more useful purpose.'[11]

Denise Coates Foundation[edit]

Coates set up the Bet365 Foundation in August 2012, and in February 2016 it was renamed to Denise Coates Foundation. It is a registered charity under English law[12] and it donated £100 million[13] to twenty UK charities as of 2014.

Charities which have received funds include Oxfam, CAFOD, the Douglas Macmillan Hospice for cancer sufferers in Stoke, and relief programmes for victims caught in the aftermath of Typhoon Haiyan in the Philippines. University scholarships and theatre donations have also been offered.[14][15]

The Foundation pledged £230,000[16] to St Joseph's College, in Trent Vale, for the school's work to help support vulnerable young people in Bo, Sierra Leone.

In March 2020 the foundation granted £235,000 to The New Vic Theatre in Newcastle-under-Lyme for essential refurbishment and redevelopment.[17][18]

In April 2020, Coates donated £10 million through her foundation to University Hospitals of North Midlands to support staff fighting coronavirus.[19]

Personal life[edit]

Coates is married to Richard Smith, and they live in Betchton near Sandbach, Cheshire.[6][10] She drives an Aston Martin with personalised number plates bearing her initials.[8]

They have five children, including four that in March 2014 were reported as being 'recently adopted from the same family'.[7][1][20]

Honours and awards[edit]

In January 2012, Coates was appointed a Commander of the Order of the British Empire (CBE) for services to the community and business.[21] In 2012, she received an honorary doctorate from Staffordshire University.[6]

In 2013, Coates was named as one of the 100 most powerful women in the UK by Woman's Hour on BBC Radio 4.[22]

In 2019, Coates was inducted to the Sports Betting Hall of Fame run by Sports Betting Community (SBC) for her leadership in the gambling industry.[23]

References[edit]

  1. ^ abc'Forbes profile: Denise Coates'. Forbes. Retrieved 27 January 2021.
  2. ^Gill, Oliver; Foy, Simon (18 December 2019). 'Bet365's Denise Coates cements place as world's best-paid woman with £320m payday'. The Telegraph. ISSN0307-1235. Retrieved 26 May 2020.
  3. ^'Denise Coates'. Forbes. Retrieved 11 May 2018.
  4. ^ ab'Subscribe to read Financial Times'. www.ft.com. Retrieved 19 December 2019.Cite uses generic title (help)
  5. ^'The Sunday Times Rich List 2020: The 10 richest women in Britain'. uk.finance.yahoo.com. Retrieved 1 July 2020.
  6. ^ abc'Denise Coates CBE'. Staffordshire University. Retrieved 10 February 2018.
  7. ^ abPagano, Margareta (4 March 2014). 'Against the odds: Denise Coates's good fortune'. The Independent. Retrieved 10 February 2018.
  8. ^ abBowers, Simon (8 June 2010). 'Denise Coates: the hidden 24/7 woman behind Bet365'. The Guardian. Retrieved 10 February 2018.
  9. ^correspondent, Rupert Neate Wealth (21 November 2018). 'Bet365 founder paid herself an 'obscene' £265m in 2017'. The Guardian – via www.theguardian.com.
  10. ^ abNeate, Rupert (12 November 2017). 'Bet365 chief Denise Coates paid herself £217 million last year'. The Guardian. ISSN0261-3077. Retrieved 10 February 2018.
  11. ^'UK's best-paid boss earns £265m'. BBC News. 21 November 2018. Retrieved 22 November 2018.
  12. ^'DENISE COATES FOUNDATION, registered charity no. 1149110'. Charity Commission for England and Wales.
  13. ^Bowers, Simon (11 July 2014). 'Bet365's Denise Coates sets up £100m charity foundation'. The Guardian – via www.theguardian.com.
  14. ^University, Staffordshire. 'Denise Coates Foundation awards a hundred bursaries to Staffordshire University students'. Staffordshire University. Retrieved 11 May 2018.
  15. ^'ewb'. www.empoweringwb.org.uk. Retrieved 11 May 2018.
  16. ^'Bet365 Foundation Donation'.
  17. ^Elliott, Louise (29 June 2020). 'North Staffordshire theatre set to undergo £750,000 refurbishment'. stokesentinel. Retrieved 1 July 2020.
  18. ^'NEW VIC THEATRE RECEIVES MAJOR INVESTMENT FROM DENISE COATES FOUNDATION FOR AUDITORIUM REFURBISHMENT PROJECT'. New Vic Theatre. 2 March 2020. Retrieved 1 July 2020.
  19. ^'Bet365 boss donates £10m to NHS for coronavirus'. BBC News. 7 April 2020. Retrieved 28 April 2020.
  20. ^Evans, Peter (12 November 2017). 'Bet365 co-founder Denise Coates's £200m payday'. The Times. Retrieved 10 February 2018.
  21. ^'Denise Coates is among those named in New Year Honours'. BBC News. 31 December 2011. Retrieved 10 February 2018.
  22. ^'Denise Coates CBE'. BBC. Retrieved 10 February 2018.
  23. ^'SBC announces new inductees to Sports Betting Hall of Fame'. SBC News. 30 August 2019. Retrieved 30 August 2019.
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Denise_Coates&oldid=1008303713'
Ph.D., University of Maryland

Professor, Economics

Contact Information

Email:coates@umbc.edu
Office: PUP 323
Phone: 410-455-3243

Curriculum Vitae
Research Interests

Public Choice, Public Finance, Sports Economics.

Working Papers

“Estimating substitution effects of time for fitness consumption” (with Pamela Wicker and Christoph Breuer).

“Who voted against Munich?: Explaining why voters rejected bidding on hosting the Winter Olympics” (with Pamela Wicker).

“How to use Economic Impact Studies of a Sport Event as a Management Tool: Case Study Rally Ourense” (with Angel Barajas and Patricio Sanchez, under review at Sport Management Review).

“The growth effects of sports franchises, stadia and arenas: 15 years later” (revisions requested at Mercatus Center).

The habit for voting, “civic duty” and travel distance” (with Tim Pawlowski, under review at Public Choice).

“To Build or Not To Build: An Event History Analysis of Collaborative Innovation in Major League Baseball Stadium Construction” (with Sungil Hong and Marshall Magnuson, revisions requested, Journal of Sport Management).

“The Detrimental Effect of Individual Opportunism on Team Performance” (with Bernd Frick).

“Did the World Baseball Classic foster interest in Korean Professional Baseball?” (with Sungil Hong and Seungmo Kim).

“Returns to handedness in professional hockey,” with Sara Azmoudeh Fard. UMBC, Department of Economics Working Paper, 11-135.

Denise coates house

“Not a Game Changer,” with Michael T. Friedman. UMBC, Department of Economics Working Paper, 11-134.

Recent/Selected Publications

Dennis Coates

“Flame goes out: Hamburg’s Failed Olympic Referendum,” with Pamela Wicker, forthcoming, Contemporary Economic Policy.

“Weaponization of sporting competition: the sporting legacy of the Russian Revolution,” The Independent Review, 22(2):215-221, 2017.

“Determinants of Russian Football Club Brands” International Journal of Sport Finance, 12(4), 2017 (with Iuliia Naidenova and Petr Parshekov).

“The fans’ perception of competitive balance and its impact on willingness-to-pay for a single game”, Journal of Sports Economics, 18(5):479-505, 2017 (with Georgios Nalbantis and Tim Pawlowski).

“Superstar Salaries and Soccer Success: The Impact of Designated Players in Major League Soccer”,Journal of Sports Economics, 17(7) 716-735, 2016 (with Bernd Frick and Todd Jewell).

“Why were voters against the 2022 Munich Winter Olympics in a Referendum?”, with Pamela Wicker, International Journal of Sport Finance, 10(3) :267-283, 2015.

“The effect of a four-week fitness program on satisfaction with health and life,” European Journal of Public Health, 25(55):864-868, 2015(with Pamela Wicker and Christoph Breuer).

”A Compensating Differential Approach to Valuing the Social Benefit of Minor League Baseball”, Contemporary Economic Policy, 33(2):285-299, 2015 (with Nola Agha, forthcoming).

“A bivariate probit examination of financial and volunteer problems of non-profit sport clubs”, International Journal of Sport Finance, 9(3):230-248, 2014 (with Pamela Wicker, Christoph Breuer and Svenja Feiler).

“Outcome Uncertainty, Prospect Theory and Live Game Attendance,” Economic Inquiry, 52(3):959-973, 2014 (with Brad R. Humphreys and Li Zhou).

“An Examination of the Effects of the Recent Economic Crisis on Major League Baseball (MLB) Attendance Demand,” International Journal of Sport Finance, 2013 (with Sungil Hong and Michael Mondello).

“Is Hispanic Population Dispersion into Rural Counties Contributing to Local Economic Growth?”, Contemporary Economic Policy, 31(4):649-648, 2013 (with Tim Gndling).

“Game Attendance and Outcome Uncertainty in the National Hockey League,” Journal of Sports Economics 13(4):364-377, 2012 (with Brad R. Humphreys).

“Mega-Events: Is the Texas Baylor Game to Waco what the Super Bowl is To Houston?”, Journal of Sports Economics, 12(6):599-620, 2011 (with Craig Depken).

“The Effect of Professional Sports on the Earnings of Individuals: Evidence from Microeconomic Data,” Applied Economics, 43(29):4449-4459, 2011 (with Brad Humphreys).

“Mega-Events and Housing Costs: Raising the Rent while Raising the Roof?”, The Annals of Regional Science 46(1):119-137, 2011 (with Victor Matheson).

“Special-Interest Groups and Growth,” Public Choice, 147(3-4): 439-457 (with Jac C. Heckelman and Bonnie Wilson).

“Week to Week Attendance and Competitive Balance in the National Football League,” International Journal of Sport Finance 5(4):239-252, 2010 (with Brad Humphreys).

“The Political Economy of Investment: Sclerotic Effects from Interest Groups,” European Journal of Political Economy 26(2):208-221, 2010 (with Jac C. Heckelman and Bonnie Wilson).

“The Length and Success of NBA Careers: Does College Production Predict Professional Outcomes,” International Journal of Sport Finance 5(1):4-26, 2010 (with Babatunde Oguntimein).

“Do College Football Games Pay for Themselves?: The Impact of College Football Games on Local Sales Tax Revenues,” Eastern Economic Review 35(4):531-547, 2009 (with Craig Depken).

“Do Economists Reach a Conclusion for Sports Franchises, Stadiums, and Mega-Events?”, Econ Journal Watch 5(3):294-315, September 2008 (with Brad R. Humphreys).

“NASCAR as a Public Good,” International Journal of Sport Finance, 3(1):42-57, February 2008 (with David Gearhart).

“Determinants of Interest Group Formation”, Public Choice, 133(3-4):377-391, December 2007 (with Bonnie Wilson and Jac C. Heckelman).

“Interest Group Activity and Long-Run Stock Market Performance”, Public Choice, 133(3-4):343-358, December 2007 (with Bonnie Wilson).

“Stadiums and Arenas: Economic Development or Economic Redistribution?”, Contemporary Economic Policy, 25(4):565-577, October 2007.

“Special-Interest Groups and Volatility,” Economics Bulletin, 15(18):1-13, 2007.

“Ticket Prices, Concessions and Attendance at Professional Sporting Events” International Journal of Sport Finance, 2(3):161-170, 2007 (with Brad Humphreys).

“Marking the 25th Anniversary of Mancur Olson’s The Rise and Decline of Nations: Editors’ Introduction”, Southern Economic Journal, 74(1): 1-3, 2007 (with Jac C. Heckelman).

“The Tax Benefits of Hosting the Super Bowl and the MLB All-Star Game: the Houston Experience”, International Journal of Sport Finance, 1(4):239-252, 2006.

“Compensating differentials and the social benefits of the NFL – A Comment”, Journal of Urban Economics, 60(1):124-131, 2006 (with Brad Humphreys and Andrew Zimbalist).

“Proximity Benefits and Voting on Stadium and Arena Subsidies,” Journal of Urban Economics, 59(2):285-299, 2006 (with Brad Humphreys).

“Novelty Effects of New Facilities on Attendance at Professional Sporting Events,” Contemporary Economic Policy, 23(3):436-455, 2005 (with Brad R. Humphreys).

“Baseball Strikes and the Demand for Attendance”, Journal of Sports Economics, 6(3):282-302, 2005 (with Thane Harrison).

“No Significant Distance between Face-to-Face and Online Instruction: Evidence from Principles of Economics,” Economics of Education Review, 23:533-546, 2004 (with Brad Humphreys, John Kane, and Michelle Vachris).

“More Evidence that University Administrators are Utility Maximizing Bureaucrats” Economics of Governance, 5(1):77-101, 2004 (with Brad Humphreys and Michelle Vachris).

Feel

“Professional Sports Facilities, Franchises and Urban Economic Development,” Public Finance and Management, 3(3):335-357, 2003 (with Brad R. Humphreys).

“Education Production Functions Using Instructional Time as an Input”, Education Economics, 11(3):273-292, December 2003.

“Interest Groups and Investment: A Further Test of the Olson Hypothesis,” Public Choice, 117(3-4):333-340, December 2003 (with Jac C. Heckelman).

“An Inventory of Learning at a Distance in Economics,” Social Science Computer Review, 21(2):196-207, Summer 2003 (with Brad Humphreys).

“The Effect of Professional Sports on Earnings and Employment in the Services and Retail Sectors in U.S. Cities”, Regional Science and Urban Economics, 33(2003):175-198 (with Brad Humphreys).

“School Performance Evaluation Using Data Envelopment Analysis,” Public Finance and Management, Vol. 2, No. 4, 2002 (with Douglas Lamdin).

“The Economic Impact of Postseason Play in Professional Sports” Journal of Sports Economics, 3(3):291-299, August 2002 (with Brad Humphreys).

“The Supply of University Enrollments: University Administrators as Utility Maximizing Bureaucrats,” Public Choice, 110(3-4):365-392, March 2002 (with Brad Humphreys).

“Issues in Price Discrimination: Reply”, Southern Economic Journal, 68(1):187-189, July 2001 (with Kathleen Carroll).

“Evaluation of Computer-Assisted Instruction in Principles of Economics”, Educational Technology and Society, Volume 4, Issue 2, 2001 (with Brad Humphreys).

“The Economic Consequences of Professional Sports Strikes and Lockouts,” Southern Economic Journal, 67(3):737-747, January 2001 (with Brad Humphreys).

“Voting on Welfare Reform: The Decision Calculus of Legislators”, Economics of Governance, 1(3):233-259, December 2000.

Denise Coates House

(For a complete list of publications, see Curriculum Vitae)