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Founder of Bet365 joins billionaire's list

Founder of Bet365 joins billionaire's list

Only 13 years after the company was established, the founder of Bet365 online gaming, Peter Coates, will join the list of billionaire's in the United Kingdom. Him and his family are estimated to worth £925 million, UK's first gambling billionaires.

In a crumbling construction in Stoke-on-Trent, Bet365 was created in 2000 by Mr. Coates who designed a sports gambling website in order to start the business running in 2001.

The company has become a world leading online gaming company with revenues of £646 million, an operating profit of £116.5 million and declaring £130 million in taxes to the UK Governement.

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