Financial News

UK bookmaker William Hill has recorded a significant 39 per cent drop in group operating profit for the thirteen week period ended September 29th, with the company now expecting full year operating profit to be around the bottom of analysts’ consensus range of between £290.9m and £312.1m.

The company attributed the decline to lower gross win margins compared to a year ago and £23m of increased UK gambling duties.

Net revenue was down 9 per cent for the group, with year-on-year declines across its three businesses – online, retail and Australia.

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