William Hill swings to £722m loss for 2018 after regulatory changes hit bottom line March 1, 2019 William Hill fell to a staggering loss of £722m last year, it confirmed today, as the bookmaker recommitted to meeting guidance for 2019. Read more: William Hill confirms likely 2018 profit drop The figures The gambling firm swung to a loss of £721.9m in 2018, down from 2017’s profit before tax of £146.5m. Revenue rose [...]
Betting stocks stumble after horse racing suspended due to equine flu February 7, 2019 Betting stocks slipped this morning after horse racing across the UK was suspended today because of fears of equine flu. William Hill's share price fell nearly one per cent, GVC's share price was down 1.7 per cent and Paddy Power Betfair was down 1.6 per cent. In a statement the British Horseracing Association (BHA) said [...]
William Hill confirms lower 2018 profits as it comes close to securing £242m Mr Green & Co purchase January 21, 2019 William Hill today confirmed a likely fall in profits for 2018, revealing its bottom line will be 15 per cent down on the year before. Shares dipped by 2.6 per cent in early trading today after falling five per cent when the betting firm first warned of the profit drop last November. Read more: William [...]
Gambling firms see shares drop amid reports of TV advert ban December 6, 2018 Shares in major gambling firms took a hit today following reports of a ban on advertising during live sports events. Paddy Power, Bet365 and Ladbrokes are among major bookmakers that have reportedly agreed to a ban on TV adverts during sports broadcasts amid fears aggressive marketing campaigns are fuelling the UK’s gambling problem. Shares in [...]
William Hill predicts lower profit for 2018 as regulation offsets US expansion November 6, 2018 Betting firm William Hill today predicted lower full-year profits for 2018, despite efforts to take advantage of the legalisation of sports gambling in many states in the US. Operating profit is predicted to come in between £225m and £245m by the end of the year, compared to operating profit of £291.3m for 2017. The firm's [...]
Paddy Power Betfair cashes in on US sales as revenues climb November 2, 2018 Paddy Power Betfair reported rising third-quarter revenues this morning, as new efforts to tap into US markets helped deliver much-needed sales in the wake of challenges closer to home. The bookmaker’s shares edged up two per cent in early morning trading, with revenues hitting £83m in the three months to the end of September, marking a [...]
William Hill makes £242m offer for Swedish gaming company in Brexit hub move October 31, 2018 Bookmaker William Hill has today announced a recommended cash offer of £242m for Swedish gaming company Mr Green & Co as it prepares for Brexit. William Hill’s shares jumped nearly six per cent following the announcement while shares in Mr Green soared nearly 48 per cent to 68.5 Swedish krona, just short the offer price [...]
William Hill share price dives as it takes a punt on lottery software maker NeoGames August 7, 2015 Shares in bookies William Hill fell almost 5.5 per cent to 388.3p this morning, after it revealed it had taken a gamble on online lottery software maker NeoGames, spending $25m (£16m) on a 29.4 per cent stake. Luxembourg-based NeoGames is a "pioneer of online scratch cards", William Hill said, but has moved into online lotteries. [...]
William Hill’s finance chief Neil Cooper trades in horseracing for housebuilding at Barratt Developments June 18, 2015 Bookmaker William Hill yesterday said that its group finance director Neil Cooper is leaving after five years to join Barratt Developments. Cooper is going back to his housebuilding roots, having previously held the role of finance director at Bovis Homes before joining William Hill. His contract has a 12 month notice period, but his actual [...]
William Hill shares slide after profits drop 19pc as tax burden begins to bite April 23, 2015 The figures Now isn't the time to bet on bookies, apparently: despite lucrative opportunities around the election, William Hill suffered a fall in operating profit of 19 per cent in the first quarter. Online operating profits dropped 38 per cent while sports betting revenues were hit by the company's largest ever loss-making week in January. [...]