Wednesday August 12, 2020

William Hill profits fall despite strong Euro 2016

Higher costs and online investment a drag on figures

5th August, 2016
William Hill trying to boost online business Pic: Rex

British bookmaker William Hill has reported a 16 per cent fall in operating profits to £131.1m for the first half of 2016, as staff costs rose and it invested heavily in its online betting business.

Net revenue edged up 1 per cent to £814.4m, with the bookmaker saying that a better than expected Euro 216 football tournament mitigated the impact of losses from the Cheltenham Festival.

William Hill said trading was in line with previous expectations –...

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