Bet365 just achieved a big milestone. - page 3.

Mahanton

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Quote from: jostorres on May 24, 2021, 10:27:40 AM

My thoughts? I am just upset because it means more people are gambling which is never a healthy thing for our economy. There is no doubt more people have started to gamble in these pandemic times since everyone has more spare time and fewer activities to do.

This might be the reason we see a lot of crypto gambling sites are much busier than earlier, I see a lot more giveaways and bigger races for casinos. This is all possible when there is an increased revenue or traffic for them.

Good achievement and personally as I have used bet365 earlier, I am glad they are growing because they have the best range of sports and a lot of times I watch games there and bet somewhere else Grin

.

Lets set aside when it comes to economic matters or topics since this one do shows off that there are lots who had been dealing with gambling even into this amidst of pandemic situation.
I cant really blame out though since this situation do really put us more into a state on where we do really get involved or having more screen time which means
those old gamblers would be looking out for alternatievs for them to play and even hooking up new people to play because of the exposure of gambling in online world
and to those owners or part of the team will surely be mainly benefited for such influx of players.

Fortify

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Quote from: fiulpro on May 23, 2021, 08:43:07 AM

We were well aware of the fact how pandemic did change the whole society. How people instead of going outside had to find ways to entertain themselves at the comfort of their own homes. The casinos closed down and at the same time online casinos were making a move. New casinos joined in and most of them started gaining immense profits.
Government started raising taxes on the online crypto casino since they were actually able to get a lot of funds in and guess what ?
BET365 OWNER JUST MADE IT TO THE RICHEST 2021 LIST OF THE SUNDAY TIMES!!
https://www.gamblinginsider.com/news/11992/bet365-owners-make-top-20-in-sunday-times-rich-list-2021
Here is a little quote from there :

Quote

Just last month it was revealed that the founder and majority shareholder of Bet365, Denise Coates, earned a salary of £421m ($598m) for the year ending March 29.

She also earned dividends of £48m which took her total sum to £469m; the amount earned was thought to be the biggest pay cheque in British corporate history.

Her salary was 50% higher than the £277m taken in 2019; in 2020 she earned nearly £1.2m every day, according to the High Pay Centre this was more than every boss of a FTSE 100 company.

✓

Well congratulations! What are your thoughts on this ?

While I admire her tenacity and the very fact that another woman has joined the league of the super rich, I wouldn't say that gambling institutions are in any way a productive part of society. Sure, they provide the odd bit of entertainment to people who have the ability to constrain themselves, but most of her money will have come from people left feeling very depressed and unhappy - even if it was their choice to participate. It goes to show that online gaming companies have made an absolute killing through the pandemic, that may eventually drop away once people can start visiting physical destinations again. I am glad she is the sort of owner who retained a large holding of their company, because that is a true sign of commitment and can be quite rare in the corporate world these days.

7788bitcoin

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Quote from: fiulpro on May 23, 2021, 08:43:07 AM

We were well aware of the fact how pandemic did change the whole society. How people instead of going outside had to find ways to entertain themselves at the comfort of their own homes. The casinos closed down and at the same time online casinos were making a move. New casinos joined in and most of them started gaining immense profits.

Bet 365 is in the online gambling space for over a decade and they have a really cool sports betting platform and if they start accepting Bitcoin i would use them instead of the present deposit of third party application and then converting that to fiat. I played in the platform well before we had any decent sports book in the cryptocurrency space and now there are decent sports book in this space which accepts multiple cryptocurrencies and hence i stick on to cryptocurrency based sports sites.

The advantage they always had is the highest odds and the live gaming options are diverse than we see in cryptocurrency based sportsbook with live coverage and now i only use them to watch the event and bet on cryptocurrency based sportsbook.

Hydrogen

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Its a bit pointless for most CEOs to earn millions. They don't do anything useful with the wealth they accumulate. None of it will go towards causes that benefit or advance society.

Business for gambling establishments must be booming at the moment. Its an under reported story I haven't seen covered anywhere. It might also explain the recent slew of anti gambling content published by the media.

It should be mentioned many gambling establishments and sportsbooks were bought up by investment firms around 2018. They've attempted to consolidate and centralize the gambling industry to some degree. Capital being poured into advertising and marketing as a result, could be reflected in the monetary gains of Bet365's head.

jostorres

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My thoughts? I am just upset because it means more people are gambling which is never a healthy thing for our economy. There is no doubt more people have started to gamble in these pandemic times since everyone has more spare time and fewer activities to do.

This might be the reason we see a lot of crypto gambling sites are much busier than earlier, I see a lot more giveaways and bigger races for casinos. This is all possible when there is an increased revenue or traffic for them.

Good achievement and personally as I have used bet365 earlier, I am glad they are growing because they have the best range of sports and a lot of times I watch games there and bet somewhere else Grin

.

Pmalek

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Imagine how much money is gambled away on various online casinos and sportsbooks if just one person from one platform managed to earn almost $600 million? It doesn't surprise me. With many parts of the world under lockdown, many people turned their attentions towards online gambling. The results of all that can be seen on the bank accounts of Denise Coates and online casino owners just like her.

Quote from: Saint-loup on May 23, 2021, 06:40:47 PM

Betfury has opened a sportsbook you mean?

Betfury doesn't have a sportsbook. There has been some talk that it might be created sometimes in the future, but there isn't one right now.

Kong Hey Pakboy

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Quote from: paxmao on May 24, 2021, 03:29:25 AM

This looks more like and individual achievement and probably we should also know what kind of money did the guy started with and how many business does he have over the world. In any case, it is good news for betting - people found an alternative to spend their free time and enjoy themselves even with all the restrictions of COVID. +1 for the betting industry and its capability to re-invent themselves when they were traditionally seen as something obscure and sometime bordering illegal.

Don't rain down on the parade, you might be right but a lot won't want you dropping truth bombs. Also, this announcement is going to make more people check out Bet365 and the owner is going to get more rich because a lot of people is going to check it out.

Joca97

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Bet365 is the biggest and most known sportsbook and probobly the best one for fiat.If they added crypto i think it would take off massively.But they have strong KYC takes ages to start betting there as well

Also 1.2m per day was earned i think 2 years ago.Now she should be killing.A good fact is that a woman is holding this company.Wasnt expecting this at all.

swogerino

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Quote from: Vaskiy on May 23, 2021, 09:00:37 AM

This is how gambling owners make money and turn rich. Is the owner have reached on the top list of the rich people of UK. Bet365 has years of history, and the reputation never declined. Soon we can expect cryptocurrency accepted gambling site owners getting listed on the top.

I think crypto owners will soon bypass that number with a much bigger one.Once the Bitcoin price will increase so will their earnings and I think that some of the big casinos here already has a lot of money circulating in them so beating that number of bet365 is only a matter of time.Nevertheless well done to bet365 for reaching such milestone.

avikz

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Well, that's a great shift in the market of gambling related businesses. While the physical casinos are out of operations, the online casinos are hitting the bulls eye. The result is evident and clear as day light.

Bet365 is an old and reputable name in the online gambling market. But unfortunately they don't operate in cryptocurrencies. If they start operating in cryptos, many small crypto casinos will have to declare themselves bankrupt.

molsewid

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Quote from: Yamifoud on May 24, 2021, 03:33:11 AM

This is one of the biggest sportsbooks in the world, I know them as they are popular though I'm not playing with this site.

just imagine, a popular site makes this much, so it's expected that crypto gambling sites are also making a lot of profit, however, they can choose not to reveal as fiat and crypto bookies have different regulation AFAIK. If you guys planning to start your own gambling business, this should inspire you.

I just heard them now. I'm bit shocked that they one the most popular and I still don't know them. But even without knowing this site their results are really impressive. I agree to the idea of people planning to start gambling business should get idea from them. Just start making their site with some of their similar features, research what people love from their gambling and add their own style to make it unique. And for sure it would be big milestone too.

RealMalatesta

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Quote from: coin-investor on May 23, 2021, 09:18:58 AM

Quote from: Vaskiy on May 23, 2021, 09:00:37 AM

This is how gambling owners make money and turn rich. Is the owner have reached on the top list of the rich people of UK. Bet365 has years of history, and the reputation never declined. Soon we can expect cryptocurrency accepted gambling site owners getting listed on the top.

Definitely, Cryptocurrency gambling is the future we have a lot of candidates to get into the list maybe next year, we can have one on the list the top contenders are Stake, Betfury Sportsbet we have at least twenty of the best Crypto gambling site and we have many gamblers shifting to Cryptocurrency.

And some of the website owners in crypto might be among the richest people but they would never be listed because their holding are in cryptocurrencies and it's nearly impossible to evaluate their total net worth. A lot of sites like PD have been running since 8 years and more which means they purchased a lot of coins for cheap and it shouldn't be directly counted as their revenue from gambling service, but certainly it is revenue for them.

I don't think crypto sportsbooks will ever come even close to the fiat sportsbooks because most of the sportsbooks in crypto use a third-party odds provider and most of them are terrible and bet365 have their own odds I think, which is why they are on the top and hardly anyone can match them. The best and best important step for crypto sportsbooks to match fiat ones would be to have their own odds provider instead of a third-party odds provider who troubles users.

YOSHIE

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Quote from: fiulpro on May 23, 2021, 12:32:40 PM

⏩ which needs immediate attention.

True story: happened around where I live, age 35 years, gambling addict since the age of 20 years, now the house is up, the car sold out, now depression / crazy, His wife and child separated, so that he received special attention from his family, from doctors to traditional medicine, the results were not there, he was getting crazy.

Before (addiction) enters your soul, do not make gambling a part of your life, stop or consider gambling as mere entertainment, bet the money that you get for free, don't involve the money from your real salary, in essence.

Gambling addiction: you alone control, not otherwise gambling that controls you, online or the table, that way you are saved.

Yamifoud

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This is one of the biggest sportsbooks in the world, I know them as they are popular though I'm not playing with this site.

just imagine, a popular site makes this much, so it's expected that crypto gambling sites are also making a lot of profit, however, they can choose not to reveal as fiat and crypto bookies have different regulation AFAIK. If you guys planning to start your own gambling business, this should inspire you.

paxmao

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This looks more like and individual achievement and probably we should also know what kind of money did the guy started with and how many business does he have over the world. In any case, it is good news for betting - people found an alternative to spend their free time and enjoy themselves even with all the restrictions of COVID. +1 for the betting industry and its capability to re-invent themselves when they were traditionally seen as something obscure and sometime bordering illegal.

leea-1334

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British Billionaire businesswoman is how she is described when I looked her up seeing this headline but was there not some kind of other news regarding this much earlier? Or maybe this is now official.

Happy to see gambling gain more prominence thanks to corona but maybe it is not so wise to get TOO prominent;)

Maybe she also becomes Bitcoin influencer after this;)

CryptocurencyKing

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It was only a matter of time before some gambling platform CEO actually get on the list of the world richest persons. Legalising and taxing gambling platforms was one of the best thing that ever happened to this sort of investment and its CEOs. Government are more about the funds they generate as revenue than its effect in actual on the populace. Legalosing gambling gave individuals and gamblers the moral justification to gamble there funds away without being judged.

To have made this achievement actually tells as to how much gambling sites or platforms are profiting and the much money that goes into the system on a daily.
Bet365 CEO surely deserves this, with the lots of advertising he enables his company with across soccer stadiums, Google ads and others. This shows the power of advertising and the more signature campaigns should be engaged by companies.

Wexnident

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Congrats to them, middle of pandemic and yet earning this much? I don't know if I should be worried or not for those who actually gave her the opportunity to earn that much. You can see just how much of a big of a difference it made before and after the pandemic for gambling casinos, a difference of around 50% in total simply shows how much of an improvement in the influx of users were actually made.

Quote from: Lorence.xD on May 24, 2021, 02:41:41 AM

Maybe if the prices continue to go up and the next 5 years, crypto enters the mainstream, I think that we are going to see crypto casinos get in the top richest people in the country.

Prices don't even need to move or anything, gambling isn't that related to the market price of crypto imo. In the end, what people like about crypto casinos is the anonymity it provides (most of the time) plus maybe, fast transaction speeds on select coins.

Lorence.xD

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Quote from: TimeTeller on May 24, 2021, 01:49:16 AM

Quote from: Lorence.xD on May 24, 2021, 12:20:22 AM

~

There are several crypto gambling sites here that also accept fiat, so they may enter in the top casinos also.
But I believe once these fiat gamblers discover the benefits of using crypto casinos, they may convert themselves into crypto gamblers.
However, for now, a lot of old timers I think, still prefer their old ways, using fiat.
Maybe another 5 years or so, we will see more popular crypto casinos as right now, there are already known crypto casinos, even here in the forum.

Maybe if the prices continue to go up and the next 5 years, crypto enters the mainstream, I think that we are going to see crypto casinos get in the top richest people in the country.

blockman

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That's business and she sure have earned a lot and that only indicates that her company, bet365 has earned a lot of profit during this pandemic. I wonder how much the taxes that she'll pay or have been deducted with her total salary. I'm guessing that it's also going to be a lot of taxes that will be lessened.

Quote from: cabron on May 23, 2021, 11:04:10 AM

The owner is a SHE? Whopping $598M I would die a million times I might not be able to achieve this. Congrats to Bet365!

Yup, she's a woman and that's making the women proud knowing that she had earned from her business which is very profitable that continuously running.

Quote from: coin-investor on May 23, 2021, 09:18:58 AM

Definitely, Cryptocurrency gambling is the future we have a lot of candidates to get into the list maybe next year, we can have one on the list the top contenders are Stake, Betfury Sportsbet we have at least twenty of the best Crypto gambling site and we have many gamblers shifting to Cryptocurrency.

Yeah soon. We're going to see the owners of the known crypto casinos be on that list too. Can't wait for that moment to come so that the crypto community will have our representative and proud on that list.

Topic: Bet365 just achieved a big milestone. - page 3. (Read 625 times)