William Hill profits plummet as rival Entain given boost by US venture
Bookmaker William Hill has reported annual profits crashed by 91% (PA)
Bookmaker William Hill has reported annual profits crashed by 91% after the pandemic forced the closure of its betting shops and saw live sports events cancelled.
The group – which is being bought by US casino giant Caesars Group in a £2.9 billion deal – was left nursing underlying pre-tax profits of just £9.1 million in 2020, down from £96.5 million in 2019.
Its 1,414 betting shops were hit hard by repeated lockdowns and restrictions, with the retail arm slumping to a £29.5 million loss as like-for-like revenues plunged 30%.
William Hill sees profits crash from £96 5m to £9 1m due to pandemic
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William Hill profits plummet as rival Entain given boost by US venture
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