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William Hill hit by football results in first quarter • This Week in Gambling
iGaming Business – UK bookmaker William Hill has cited two “substantial” loss-making weeks driven by football results as one of the main reasons for a year-on-year drop in profit during the three months to March 31, 2014. The company reported that operating profit for the first quarter was down 14% on the same period last year. Retail suffered the most with a 25% drop while online operations also fell 6%. William Hill’s retail business was responsible for 57% of total group revenue, while online and Australian operations contributed 32% and 8% respectively. Over-the-counter amounts wagered via the bookmaker’s retail business...
This Week in Gambling