William Hill Lost £63m In 2019 So Far

William Hill Lost £63m In 2019 So Far

UK-based bookmaker William Hill has published its provisional outcomes for 2019 for a 26-week period ending July 2. The company has posted a £63m loss before tax for the first of 2019.

Commenting on the company’s performance, William Hill’s CEO, Philip Bowcock, said: “We are making good progress against the five-year strategy outlined last year, delivering strong revenue growth in the US and other international markets and positioning William Hill well for future growth.”

William Hill posted a 1% increase in revenues to £ 811 million (H12018: £ 802 million). The insignificant increase in revenue is attributed to the new FOBT regulations in the UK.

Bowcock continued: “In the US, both in Nevada and in the new countries, we continue to grow quickly with over $1bn wagering in the first quarter with us. We are now living in eight countries and will grow into at least two more countries in H2.

William Hill announced in detail that his expanded online business has overcome his period of improved client due diligence measures’ with year-on-year effects set to end.”

Recently, William Hill announced that they would be shutting hundreds of betting shops in the UK, putting thousands of jobs at risk.

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