UK bookmaker William Hill reported net revenue growth of 1 per cent to £814.4m for the first half of 2016, despite the ongoing struggles of its online business which recorded a decline in both sportsbook and gaming revenue.
Net revenue from the online division fell by 3 per cent in H1 following declines across both sportsbook and gaming, with the company’s Australian business also underperforming versus a year ago with net revenue down 10 per cent. This was offset by a 4 per cent increase in retail net revenue and further growth in the US.
"We remain committed to our strategy of diversifying by expanding digitally and internationally,” said Philip Bowcock, interim CEO of William Hill, who took over following the departure of James Henderson last month. “While the first half of 2016 has been challenging, William Hill is a strong business with three of our four core divisions performing well.