Denise Coates and her family, who have been topping the Sunday Times Tax List for several years now, once again found themselves on the news outlet’s Rich List. Taking the prestigious 16th spot on the list, Denise, John and Peter Coates and family have an estimated net worth of around £8.975 billion ($11.15 billion).

The sixteenth place is notably the same place the family behind Bet365 occupied in the 2022 list. According to the Sunday Times, the Coates’ wealth increased by £158 million ($196 million) since last year.

The bet365 brand was created in 2001 after Denise Coates borrowed GBP 15 million to launch the brand. The gambit quickly proved to be a resounding success, with bet365 now cemented as one of the best operators in the UK.

Because of the size of its gambling brand, Denise Coates is one of the biggest taxpayers in the United Kingdom. Last year, Coates had a personal income tax of $642 million, placing her at the top of the list.

There Were Some Major Changes

At the top of the Rich List were Gopi Hinduja and family with £35 billion. The Indian-born businessman operates the influential Hinduja Group, which is behind companies such as Gulf Oil International and IndusInd Bank. The current result translates to an increase of over £6.5 billion.

Next up on the list is Sir Jim Ratcliffe with £29.69 billion. His chemicals business INEOS skyrocketed in 2023, resulting in a wealth increase of a whopping £23.61 billion.

Ratcliffe was followed by Sir Leonard Blavatnik, who is a famous music and media investor. Thanks to his company, Access Industries, Blavatnik is now worth £28.63 billion, an increase of £8.63 billion.

David and Simon Reuben and family, meanwhile, were relegated to the fourth spot on the list. Their worth, according to the Sunday Times Rich List, is £24.4 billion, representing an increase of £2.13 billion.

Sir James Dyson and family, previously second, fell to the fifth spot with £23 billion. Their worth did not increase or decrease significantly, the list claims.

Denise Coates and her family, on the other hand, are situated between Alex Gerko and Anders Holch Povlsen. Gerko, previously ranked 89th, propelled himself to the prestigious 15th spot with £9.13 billion (an increase of £7.13 billion). Povlsen, on the other hand, took 17th place with a worth of £8.5 billion.

You can check the full list on the Times’s official website.

The post Denise Coates Retains 16th Spot on Sunday Times’ Rich List appeared first on Keno Wizard.

In its first earnings call for the year, Sportradar registered strong growth across its revenue and adjusted EBITDA metrics. The company ended the three-month period on March 31, 2023, with a strong increase in its quarterly revenue, which was up 24% from the previous quarter, posting €207.6 million ($226.2 million), keeping its momentum from the fourth quarter of 2022.

Strong Financial Performance in the United States

The company saw the RoW betting segment account for 52% of its total revenue, which was up 25% at €108.5 million ($118.3 million). This segment was primarily driven by the performance posted in the Managed Betting Services and Live Odds verticals.

The quarterly profit stood at €6.8 million ($7.45 million), which was down from the €8.2 million ($8.98 million) reported in 2022, so a small decline, nevertheless. Sportradar’s adjusted EBITDA in the first quarter hit €36.7 million ($40 million), or an increase of 37%.

Sportradar similarly boasted a strong customer Net Retention Ratio that went up 120% in the first quarter of the year. The United States performed well for Sportradar during the quarter, with the results hitting €39.7 million ($43.3 million) during the reported period, or up by 55% from 2022.

Core betting data products and the ad:s product were largely tied to this regional success. There have been more costs and expenses during the period, however. For example, the purchased services and licenses in Q1 2023 increased to €48.4 million ($53 million), the company said.  Personnel expenses also went up in the first quarter to €77.5 million ($84.86 million). Another big expenditure was the total sports rights costs which stood at €51.2 million ($56.06 million) in the quarter.

Business Highlights and Company Successes

The company also remarked on some of its business successes over the past months, including the renewal of its partnership with Big Ten Network. The company successfully integrated its ad:s tech into Snapchat.

Sportradar also won a tender to become the Association of Tennis Professionals (ATP) data and streaming rights owner. Sportradar also demonstrated its ability to safeguard sports from corruption, with the company’s UFDS Annual Report: Betting Corruption and Match-Fixing in 2022 report flagging as many as 1,212 suspicious matches across 12 sports and 92 countries, a 34% increase.

Not least, the company embarked on some executive changes with Gerard Griffin stepping in as its new chief financial officer.

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