London-listed betting and gaming operator William Hill has reported a 1 per cent increase in net revenue to £811.7m for the first half of 2019, with growth from its Online and US businesses offsetting a decline in Retail.

The company said that its H1 results were in line with expectations during a period of transition, although results were negatively impacted by the £2 stake limit on fixed odds betting terminals (FOBTs) in the UK, which resulted in Q2 gaming revenue declining by 45 per cent.

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

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