Bet365 owners contemplate £9 billion sale
Bet365 is heading toward a potential sale that could see the global sportsbook operator valued at £9 billion (US$11.9 billion)1 GBP = 1.3274 USD
2025-05-02Powered by CMG CurrenShift, The Guardian has reported.
Bet365 CEO Denise Coates reportedly met with US advisors and Wall Street banks to seek advice on the sportsbook’s potential or partial sale. Sources told The Guardian that a partial sale to a private equity investor was “on the table,” allowing the Coates family to retain a pre-float stake in Bet365.
Coates holds a 58% stake in Bet365, yet a potential sale could see Britain’s richest woman’s net worth grow to £5 billion (US$6.64 billion)1 GBP = 1.3274 USD
2025-05-02Powered by CMG CurrenShift. The billionaire even made it onto the Sunday Times’ Rich List at the start of the new year, despite receiving a substantial pay cut that saw her salary drop from £221 million (US$293 million)1 GBP = 1.3274 USD
2025-05-02Powered by CMG CurrenShift to £94.7 million (US$126 million)1 GBP = 1.3274 USD
2025-05-02Powered by CMG CurrenShift last year.
In recent weeks, Bet365 stopped its operations in China after it emerged that the sportsbook was trying to become more favorable in the growing US market.
Bet365 entered the US in 2018 and has launched in 13 states. Gaming consultancy firm Eilers & Krejcik Gaming previously valued Bet365 at US$12 billion.
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Charlotte Capewell brings her passion for storytelling and expertise in writing, researching, and the gambling industry to every article she writes. Her specialties include the US gambling industry, regulator legislation, igaming, and more.
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