William Hill net revenue up 2% and online net revenue up 8%Christian Fernsby ▼ |
William Hill Retail Sportsbook net revenue up 2%, with strong sports betting
William Hill announced a trading update for the unaudited 17 weeks to 30 April 2019.
Group net revenue for the 17-week period up 2% reflecting year of transition in Retail and Online.
Online net revenue up 8% reflecting the contribution from Mr Green since completion of its acquisition at the end of January 2019 offset by the annualised impact of enhanced customer due diligence measures and a strong margin in the comparator period.
Retail Sportsbook net revenue up 2%, with strong sports betting through the period and gaming revenue down 15% including the impact on machine gaming revenues of the £2 staking limit implemented on 1 April.
US total net revenues up 48% from operations in all seven US states that have currently legislated and regulated sports betting. ■
What to read next