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William Hill lauds online performance as Caesars chapter begins Share
April 1, 2021
William Hill Plc has branded 2020 as a ‘challenging but transformative year’, as the heritage bookmaker moved to finalise its £2.9 billion takeover by US partner
Caesars Entertainment.
Adjusting for the H1 closure of its UK retail betting estates, William Hill recorded a full-year net revenue decline to £1.3 billion, down 16% on corresponding 2019 results of £1.5 billion.
Nevertheless, William Hill lauded the strong operational progress of its online gambling division which maintained its growth momentum in delivering a 9% net revenue increase to £802m (FY2019: £738m).
Online growth was maintained against a tough regulatory backdrop, which saw the governments of the UK, Sweden, Italy and Spain impose temporary online compliance controls throughout 2020.