How do you fancy an annual salary of £265 Million? That's was what Denise Coates (above) earned last year. So, what's so strange about that; you might ask.
Well, Ms Coates earned her huge salary off the backs of gamblers who bet and lost their wages (or benefit payments) in such amounts that Coates is able to live a life of unimaginable luxury.
Of course it's up to individuals if they wish to gamble (I choose not to), but shouldn't there also be a moral duty on behalf of the bookies to ensure that their clients don't lose money they can't afford?
I'm not against anyone earning large salaries, but I do find Ms Coates's staggering 2018 salary of £265 Million a tad excessive; especially knowing how it was 'earned'.
There's only ever one winner in the betting business, and that's the person taking the bets. Denise Coates is a fine example!
p.s. I should add that Ms Coates does give quite large amounts to charity; but I suppose she can afford to.
You never see or hear of a poor bookie.ReplyDelete
We have a flutter on the Euro Millions some times but I don't think we will ever win it.
We have scratch cards here called 'Millionaire', which I used to include in people's Birthday Cards. It was surprising how often they won a few Euros. I did win on the Grand National once.Delete
Perhaps it is in the genes - I never contribute towards a bookie's salary.ReplyDelete
Certainly not hers! £265 Million is outrageous.Delete
I am not my brother's keeper.ReplyDelete
No, but I do feel sorry for those who lost so much. That money should probably have paid for food on the table, toys for the kids, and a trip to the seaside.Delete
The profits from gambling do not come exclusively from married men with children who should be taking them to the seaside. In fact they probably come very low down in the list. Have a look at the demography of gamblers, 50/50 male to female, 18 to 25 year olds betting on football results on their phones etc. etc. Like all things the bad news makes the headlines. Bookies will always win, we know that, but it doesn't mean people shouldn't gamble.Delete
I did say above that I don't begrudge people betting, but it does seem a bit obscene that she made £265 Million out of it.Delete
I take my hat off to her.Delete
Online gambling is now a huge business. Here we have a few online gambling companies who have set up business and are obviously making a great deal of money. They also employ quite a few local people in IT roles who would otherwise have to leave the island to find employment. A difficult situation.ReplyDelete
The online Co's are very popular with children. That's how they spend their pocket money.Delete
She is paid a pittance compared to what someone like her would be paid here. All so wrong.ReplyDelete
You're obviously in the wrong job!Delete
Gambling is not for me as I worked too hard for my money to throw it away on a guess. However, to each his own.ReplyDelete
Lots of people make ridiculous amounts for the job they do. I am glad to see that, in this case, it is a woman.
Gambling has never appealed to me; I'm too miserly. I like to invest my money where I know there's some return.Delete
That amount of money is obscene.ReplyDelete
I agree. Of the £265 Million, I would give £260 Million to good causes!Delete
She donates millions to charities and runs the Denise Coates Charity Foundation.Delete