Online Gambling Richest Companies and Owners

4 May 2012 – By Cristian Dragomir

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Every year, a top British publication releases a list with the top 1,000 wealthiest people in the United Kingdom. Compiled by Phillip Beresford and based on identifiable wealth, the list enables you to see who are the wealthiest in the country and how much they have gained or lost compared to the previous year. If you look close in the list you can find the richest people in the online gambling sector, an area in which the UK is very developed because it was one of the first leading nations to legalize and regulate online gambling. In the 90th place in the overall national list you can find the father and daughter duo of Peter and Denise Coates, which are the owners of online casino giant Bet365. Their amazing wealth has increased by £250 million from last year and now stands at over £750 million. It has been a great year for Bet365 despite the recessionary trend prevalent in Britain and the rest of the world. Also, their results are again remarkable because the online gambling industry is up against brick and mortar industries.

The founders of leading online casino PartyGaming, Russ DeLeon and Ruth Parasol, are the second wealthiest people in the online gambling sub category. Estimated at £733 million, their wealth is down £99 million compared to last year. Also associated with PartyGaming, Vikrant Bhargava is in fourth place with a net worth of £230 million. In the third place are the owners of Betfred, Peter and Fred Done, with an asset count of £660 million. With a fortune of £160 million, Victor Chandler stands in the 5th place.

The next two places are occupied by the founders of the online gambling operator Betfair, Andrew Black and Ed Wray, with assets of £125 million and £132 million. Another entrepreneur involved in the Betfair business is Richard Koch and his fortune is estimated this year at £92 million. The last business man in the UK from the online casino world present on the list is Phil Cronin from Tombola. He increased his fortune by £27 million reaching £82 million in 2012.

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