One of the biggest and leading gambling companies in the world, bet365 has announced that they are going to have a multi-million-pound support care package for all of its employees of 4,000 strong. The gambling company wants to ensure that its employees are financially well-taken care of during this coronavirus pandemic crisis.
Bet365, a UK based gambling giant well know for their bonuses ( more on bet365 bonuses ) said that all of its 4,389 employees will be receiving their basic salary for the next five months to help them cope up with the negative effects of the coronavirus pandemic in their lives.
Another company, the bookmakers which are also owned by the Coates family has also pledged that they will not do any retrenchment and assure that no employees will be laid off until Septemeber.
Stoke City Football Club where Peter Coats is a chairman also announced the same rules will apply to the club.
One of the spokesmen from bet365 has been quoted saying “In times of uncertainty is was essential that we reassured our people of the commitment we have to them and the wider community.
“They have been instrumental in our success and will continue to be so throughout these troubling times and beyond when normality will inevitably be restored.”
The co-founder of bet365, Peter Coates made the fact in public that both bet365 and Stoke City FC will undergo a very difficult trial ahead after the sporting event industry and online betting business have been hit hard by the coronavirus pandemic. Many industries will take time to recover for at least a year even after Covid-19 has passed.
Peter Coates said in a recent interview with Daily Star:
“It will have a huge impact on the entire sector because there are very few markets. We’re in for very difficult times.
“Relying on sport as we do – that’s become virtually non-existent. There are a lot of unknown factors and we just don’t know how the trading patterns will change.”
In 2018 and 2019 bet365 recorded a whopping £2.98 billion revenue, which is an increase from £2.71 billion from the previous year.
The net profit from their operations has also increased by 12 percent to £767.1 million in 2019/2019 while their profits from the previous year were £682.2.
Despite the coronavirus pandemic, bet365 has set another record and announced this year that they have signed a five-year lease for a 25,000 square foot property space in Manchester City center to expand further into the North West.
Bet365 is one of the world’s leading online gambling companies based in the United Kingdom and has been a strong driving force in the development of enterprise and Internet technology.
Founded by Denise Coates CBE in the year 2000, they have rapidly grown exponentially over the years into a worldwide operation employing over 4,300 staff. Bet365 delivers a unique online experience for more than 45 million customers globally in 20 different languages.
From the beginning, they offer online sports betting, however, with the forward-thinking of their leaders they have shifted their focus on In-Play betting which further their position in the industry.
Innovation and technological development will always still remain to be their lifeblood and they pride themselves on the high-quality standards they deliver to their customers. With the goal to be the best in the gambling industry, they employ a huge team of 1,300 IT workers who are working in house to provide technological advances that will allow them to maintain their top position in the industry.