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William Hill net revenue up 2% and online net revenue up 8%

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Christian Fernsby |
William Hill
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.

Highlights:

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.


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