Ph.D., University of Maryland
Professor, Economics
Contact Information
Email:coates@umbc.edu
Office: PUP 323
Phone: 410-455-3243
Denise Coates, founder of Bet365 and the UK’s most successful businesswoman, has learned this lesson well. She saw an opportunity and went all in, risking everything she had. She started an online business – from a temporary building sited in a car park – and turned it into an online gambling juggernaut. Today, Bet365 is one of the world. 76 records for Denise Coats. Find Denise Coats's phone number, address, and email on Spokeo, the leading online directory for contact information. Denise Coates, the U.K.' S highest-paid CEO and founder of global gambling business Bet365, took home a record-breaking £323 million ($422 million) paycheck this year. View phone numbers, addresses, public records, background check reports and possible arrest records for Denise Coats in Alabama (AL). Whitepages people search is. If Denise Coates’s record-breaking £265m pay packet was stacked up in new £50 notes it would form a tower almost twice as high as the Shard skyscraper in London. The enormous pay package.
Curriculum Vitae
Research Interests
Public Choice, Public Finance, Sports Economics.
Working Papers
“Estimating substitution effects of time for fitness consumption” (with Pamela Wicker and Christoph Breuer).
“Who voted against Munich?: Explaining why voters rejected bidding on hosting the Winter Olympics” (with Pamela Wicker).
“How to use Economic Impact Studies of a Sport Event as a Management Tool: Case Study Rally Ourense” (with Angel Barajas and Patricio Sanchez, under review at Sport Management Review).
“The growth effects of sports franchises, stadia and arenas: 15 years later” (revisions requested at Mercatus Center).
The habit for voting, “civic duty” and travel distance” (with Tim Pawlowski, under review at Public Choice).
“To Build or Not To Build: An Event History Analysis of Collaborative Innovation in Major League Baseball Stadium Construction” (with Sungil Hong and Marshall Magnuson, revisions requested, Journal of Sport Management).
“The Detrimental Effect of Individual Opportunism on Team Performance” (with Bernd Frick).
“Did the World Baseball Classic foster interest in Korean Professional Baseball?” (with Sungil Hong and Seungmo Kim).
“Returns to handedness in professional hockey,” with Sara Azmoudeh Fard. UMBC, Department of Economics Working Paper, 11-135.
“Not a Game Changer,” with Michael T. Friedman. UMBC, Department of Economics Working Paper, 11-134.
Recent/Selected Publications
“Flame goes out: Hamburg’s Failed Olympic Referendum,” with Pamela Wicker, forthcoming, Contemporary Economic Policy.
“Weaponization of sporting competition: the sporting legacy of the Russian Revolution,” The Independent Review, 22(2):215-221, 2017.
“Determinants of Russian Football Club Brands” International Journal of Sport Finance, 12(4), 2017 (with Iuliia Naidenova and Petr Parshekov).
“The fans’ perception of competitive balance and its impact on willingness-to-pay for a single game”, Journal of Sports Economics, 18(5):479-505, 2017 (with Georgios Nalbantis and Tim Pawlowski).
“Superstar Salaries and Soccer Success: The Impact of Designated Players in Major League Soccer”,Journal of Sports Economics, 17(7) 716-735, 2016 (with Bernd Frick and Todd Jewell).
“Why were voters against the 2022 Munich Winter Olympics in a Referendum?”, with Pamela Wicker, International Journal of Sport Finance, 10(3) :267-283, 2015.
“The effect of a four-week fitness program on satisfaction with health and life,” European Journal of Public Health, 25(55):864-868, 2015(with Pamela Wicker and Christoph Breuer).
”A Compensating Differential Approach to Valuing the Social Benefit of Minor League Baseball”, Contemporary Economic Policy, 33(2):285-299, 2015 (with Nola Agha, forthcoming).
“A bivariate probit examination of financial and volunteer problems of non-profit sport clubs”, International Journal of Sport Finance, 9(3):230-248, 2014 (with Pamela Wicker, Christoph Breuer and Svenja Feiler).
“Outcome Uncertainty, Prospect Theory and Live Game Attendance,” Economic Inquiry, 52(3):959-973, 2014 (with Brad R. Humphreys and Li Zhou).
“An Examination of the Effects of the Recent Economic Crisis on Major League Baseball (MLB) Attendance Demand,” International Journal of Sport Finance, 2013 (with Sungil Hong and Michael Mondello).
“Is Hispanic Population Dispersion into Rural Counties Contributing to Local Economic Growth?”, Contemporary Economic Policy, 31(4):649-648, 2013 (with Tim Gndling).
“Game Attendance and Outcome Uncertainty in the National Hockey League,” Journal of Sports Economics 13(4):364-377, 2012 (with Brad R. Humphreys).
“Mega-Events: Is the Texas Baylor Game to Waco what the Super Bowl is To Houston?”, Journal of Sports Economics, 12(6):599-620, 2011 (with Craig Depken).
“The Effect of Professional Sports on the Earnings of Individuals: Evidence from Microeconomic Data,” Applied Economics, 43(29):4449-4459, 2011 (with Brad Humphreys).
“Mega-Events and Housing Costs: Raising the Rent while Raising the Roof?”, The Annals of Regional Science 46(1):119-137, 2011 (with Victor Matheson).
“Special-Interest Groups and Growth,” Public Choice, 147(3-4): 439-457 (with Jac C. Heckelman and Bonnie Wilson).
“Week to Week Attendance and Competitive Balance in the National Football League,” International Journal of Sport Finance 5(4):239-252, 2010 (with Brad Humphreys).
“The Political Economy of Investment: Sclerotic Effects from Interest Groups,” European Journal of Political Economy 26(2):208-221, 2010 (with Jac C. Heckelman and Bonnie Wilson).
“The Length and Success of NBA Careers: Does College Production Predict Professional Outcomes,” International Journal of Sport Finance 5(1):4-26, 2010 (with Babatunde Oguntimein).
“Do College Football Games Pay for Themselves?: The Impact of College Football Games on Local Sales Tax Revenues,” Eastern Economic Review 35(4):531-547, 2009 (with Craig Depken).
Denise Coates Salary
“Do Economists Reach a Conclusion for Sports Franchises, Stadiums, and Mega-Events?”, Econ Journal Watch 5(3):294-315, September 2008 (with Brad R. Humphreys).
“NASCAR as a Public Good,” International Journal of Sport Finance, 3(1):42-57, February 2008 (with David Gearhart).
“Determinants of Interest Group Formation”, Public Choice, 133(3-4):377-391, December 2007 (with Bonnie Wilson and Jac C. Heckelman).
“Interest Group Activity and Long-Run Stock Market Performance”, Public Choice, 133(3-4):343-358, December 2007 (with Bonnie Wilson).
“Stadiums and Arenas: Economic Development or Economic Redistribution?”, Contemporary Economic Policy, 25(4):565-577, October 2007.
“Special-Interest Groups and Volatility,” Economics Bulletin, 15(18):1-13, 2007.
“Ticket Prices, Concessions and Attendance at Professional Sporting Events” International Journal of Sport Finance, 2(3):161-170, 2007 (with Brad Humphreys).
“Marking the 25th Anniversary of Mancur Olson’s The Rise and Decline of Nations: Editors’ Introduction”, Southern Economic Journal, 74(1): 1-3, 2007 (with Jac C. Heckelman).
“The Tax Benefits of Hosting the Super Bowl and the MLB All-Star Game: the Houston Experience”, International Journal of Sport Finance, 1(4):239-252, 2006.
“Compensating differentials and the social benefits of the NFL – A Comment”, Journal of Urban Economics, 60(1):124-131, 2006 (with Brad Humphreys and Andrew Zimbalist).
“Proximity Benefits and Voting on Stadium and Arena Subsidies,” Journal of Urban Economics, 59(2):285-299, 2006 (with Brad Humphreys).
“Novelty Effects of New Facilities on Attendance at Professional Sporting Events,” Contemporary Economic Policy, 23(3):436-455, 2005 (with Brad R. Humphreys).
“Baseball Strikes and the Demand for Attendance”, Journal of Sports Economics, 6(3):282-302, 2005 (with Thane Harrison).
“No Significant Distance between Face-to-Face and Online Instruction: Evidence from Principles of Economics,” Economics of Education Review, 23:533-546, 2004 (with Brad Humphreys, John Kane, and Michelle Vachris).
“More Evidence that University Administrators are Utility Maximizing Bureaucrats” Economics of Governance, 5(1):77-101, 2004 (with Brad Humphreys and Michelle Vachris).
“Professional Sports Facilities, Franchises and Urban Economic Development,” Public Finance and Management, 3(3):335-357, 2003 (with Brad R. Humphreys).
“Education Production Functions Using Instructional Time as an Input”, Education Economics, 11(3):273-292, December 2003.
“Interest Groups and Investment: A Further Test of the Olson Hypothesis,” Public Choice, 117(3-4):333-340, December 2003 (with Jac C. Heckelman).
“An Inventory of Learning at a Distance in Economics,” Social Science Computer Review, 21(2):196-207, Summer 2003 (with Brad Humphreys).
“The Effect of Professional Sports on Earnings and Employment in the Services and Retail Sectors in U.S. Cities”, Regional Science and Urban Economics, 33(2003):175-198 (with Brad Humphreys).
“School Performance Evaluation Using Data Envelopment Analysis,” Public Finance and Management, Vol. 2, No. 4, 2002 (with Douglas Lamdin).
“The Economic Impact of Postseason Play in Professional Sports” Journal of Sports Economics, 3(3):291-299, August 2002 (with Brad Humphreys).
“The Supply of University Enrollments: University Administrators as Utility Maximizing Bureaucrats,” Public Choice, 110(3-4):365-392, March 2002 (with Brad Humphreys).
“Issues in Price Discrimination: Reply”, Southern Economic Journal, 68(1):187-189, July 2001 (with Kathleen Carroll).
“Evaluation of Computer-Assisted Instruction in Principles of Economics”, Educational Technology and Society, Volume 4, Issue 2, 2001 (with Brad Humphreys).
“The Economic Consequences of Professional Sports Strikes and Lockouts,” Southern Economic Journal, 67(3):737-747, January 2001 (with Brad Humphreys).
“Voting on Welfare Reform: The Decision Calculus of Legislators”, Economics of Governance, 1(3):233-259, December 2000.
(For a complete list of publications, see Curriculum Vitae)
Denise, John and Peter Coates
One year’s profits turned the Coats family into major philanthropists
They made a profit of £319 million ($510 million) in one year and took£100 million ($160 million) of that to set up a charitable foundation. Too good to be true? No, that is exactly what the British Coates family did when their online gambling operation bet365 more than doubled its profits in 2013.
According to the 2015 Sunday Times Rich List, Denise, John and Peter Coates are worth an estimated £2.3 billion ($3.7 billion). Their wealth makes them the 44th richest family in Britain.
It’s hard to believe that it was only fourteen years ago that Denise Coates started bet365 from a car park in Stoke. She was joined by her brother John as co-CEO, while Peter Coates holds the position of chairman of the online betting business.
No doubt the two Coates children have a lot to thank their father for. Peter Coates was the youngest of a Stoke miner’s 14 children, with dreams of playing professional football, but he was “not quite good enough”.
Instead Peter Coates became a businessman, founding Stadia Catering in the1960s and Signal Radio in 1983. He also started Provincial Racing, a bookmaking firm. And although his football playing dreams never come true, he became chairman of Stoke City Football Club.
Already early on it was clear that Denise Coates would follow in her father’s footsteps. She started working in the cashiers’ department of Provincial Racing while still at school. After obtaining a first class degree in econometrics Denise Coates also trained as an accountant, before taking over the small chain of bookmaking shops.
In 2001 Denise Coates convinced John Coates, who studied law and started his career as an attorney, to join her in launching bet365. The rest is history. Her success was also recognized outside the betting industry in 2011 when she was awarded the Commander of the Order of the British Empire.
The bet365 Foundation, set up as a result of the family’s remarkable profits in 2013, supports a wide range of community initiatives. Its core objective is to work through UK-registered charities to provide front-line funding that is used to make a positive difference in people’s lives.
By July 2015 the bet365 Foundation had become the largest charity in Britain’s West Midlands. According to data from Charity Financials it helped the region to increase its charity revenue by 10.2%.
Overcoats For Men
Some of the first beneficiaries of the bet365 Foundation were Oxfam, Cafod, the Douglas Macmillan Hospice for cancer sufferers in Stoke, as well as relief programs for victims caught in the aftermath of Typhoon Haiyan in the Philippines.
If the cause is convincing, bet365 has proven it is prepared to give. For example, after seeing a presentation by St Joseph’s College in Trent Vale, Denise Coates was so impressed by the school’s work to help vulnerable young people in Sierra Leone’s second city of Bo, that the foundation pledged £230,000 ($345,000) to the college. The money is meant to pay for new classrooms, educational equipment, a generator, a well for fresh water, and even a minibus.
More recently, the bet365 Foundation made a significant donation to University Hospitals of North Midlands Charitable Fundto purchase advanced gynecological equipment. Mark Hackett, chief executive of the hospital, described the contribution as invaluable as the surgical equipment would significantly add to the options available to patients.
Denise Coates said about the donation: “Getting woman the help they need as early as possible is essential for improving their treatment and long-term health. It is a huge privilege to be able to support the excellent work of University Hospitals of North Midlands.”
In the latest philanthropic gesture, the University of Bristol Law School, where John Coates studied, announced a £80,000 ($120,000) bursary schemefinanced by the bet365 Foundation to support 40 students from low-income backgrounds. Successful applicants will receive a bursary of £2,000 ($3,000)each, providing crucial support in their first year.
John Coates said about the support that the transition from school to academia can be rough for under-represented students: “With the bet365 Foundation bursaries we hope to support students in this character building year and help them lay foundations for future success.”
One of the biggest and most appreciated contributions by the bet365 Foundation was when Denise Coates pledged £250,000 ($365,000) towards saving the Wedgwood Collection. This collection has been described as one of the most important industrial archives in the world and a unique record of over 250 years of British art and history.
“We’re delighted that the bet365 Foundation has been able to support such a worthwhile campaign so close to home. Having supported causes around the world, it’s particularly rewarding that we’ve been able to support a collection that has such significant support from the local community,” Denise Coates said.
Father Peter Coates is also making a personal contribution to charitable causes whenever he can. In 2014 he supported Stoke City goalkeeper Asmir Begovic to raise £50,000 ($80,000) for his charity to encourage more young people to participate in sport, along with a scheme to open a multi-purpose sports facility for children with special needs in his homeland, Bosnia.Peter Coates matched donations of £25,000 ($40,000) raised by Asmir and his supporters to double the takings.
With such a promising and laudable track record after only two years, there is much anticipation as to what the bet365 Foundation will continue to contribute to charitable causes in the years to come.
Sources:
Bowers, Simon. (2014, July 11). Bet365’s Denise Coates sets up £100m charity foundation. The Guardian. Retrieved from http://www.theguardian.com/society/2014/jul/11/bet365-denise-coates-charity-foundation
James, Laura. (2015, April 26). Coates family’s £2.3 billion fortune ‘a good sign’ for Stoke City. The Stoke Sentinel. Retrieved from http://www.stokesentinel.co.uk/Coates-family-s-2-3-billion-fortune-good-sign/story-26389165-detail/story.html
Bet 365 Foundation drives West Midlands income growth. (2015, July 27). Retrieved from http://www.charityfinancials.com/charity-financials-insider/bet365-foundation-drives-west-midlands-income-growth-1614.html
bet365 Foundation Donation Brings Advanced Gynecological Equipment to UHNM. (2015, April 14). http://www.uhnm.nhs.uk/news/pages/bet365-Foundation-Donation-Brings-Advanced-Gynaecological-Equipment-to-UHNM.aspx
Bet365 Ceo
University of Bristol Law School announces 2015-16 bet365 Foundation bursary scheme for under-represented students. (2015, September 25). Retrieved from http://www.bristol.ac.uk/law/news/2015/bet365.html
Stoke City chairman Peter Coates helps Asmir Begovic Foundation raise £50,000 at the Brittania Stadium. (2014, September 16). The Stoke Sentinel. Retrieved from http://www.stokesentinel.co.uk/Stoke-City-chairman-Peter-Coates-helps-Asmir/story-22930327-detail/story.html