The boss of Bet365 was paid around £221m during its last financial year, despite the gambling giant reporting a significant loss.

Denise Coates’s salary was £7m higher than the previous year, according to new company accounts.

As founder and joint chief executive of the online gambling firm, Ms Coates will also have received at least £50m worth of dividends.

Ms Coates’s pay bump means that her total salary over the past four years surpassed £1bn.