Coates family discusses potential £9bn sale of Bet365

The Coates family, founders of online gambling giant Bet365, are considering options for a sale or partial sale of the company, which could value the business at up to £9 billion. Recent talks with Wall Street banks and US advisers have explored scenarios including a full sale, a partial sale to private equity with a retained family stake, or a future IPO on a US stock exchange. Bet365 has significantly expanded into the US market, currently holding licenses in 13 states, and has recently exited the Chinese market and transferred ownership of Stoke City FC to make the business more appealing to US investors. Denise Coates, who owns a 58% stake, could personally net over £5 billion if a sale proceeds, marking the culmination of Bet365's rise from a Portakabin startup to a global leader in online betting. Industry analysts suggest a US listing would be attractive amid strong investor demand, though there are concerns about the impact on British horse and greyhound racing, which Bet365 heavily sponsors. The process is still in early stages, with Bet365 consulting multiple banks to maximize deal value.