William Hill Gambling Uk

A William Hill betting shop in Tottenham, London in 2020 The company operates worldwide, employing approximately 14,000 people with main offices in the UK, Republic of Ireland and Gibraltar, offering betting by phone and Internet together with their 1,568 UK-wide Licensed Betting Offices. UK-based sports betting giant William Hill will soon combine its online and retail businesses in the United Kingdom. Details are not abundant on the strategy behind the restructuring, but the company indicated that the move will help it focus on financial recovery next year.

Welcome to William Hill Casino Play online casino games, including Live Roulette and Blackjack Here at William Hill Casino, you’ll find online casino games that bring all the excitement fans of Roulette. William Hill, which now operates 1,414 shops in the UK. Despite the group incurring a £3m fine on behalf of Mr Green from the UK’s Gambling Commission last year for regulatory failures.

William Hill saw its profits plummet by 91 per cent in the past year amid the mass cancellation of live sports events and temporary store closures.

The bookie, which is being snapped up by US casino giant Caesars Group in a £2.9billion deal, was left nursing underlying pre-tax profits of £9.1million, down from £96.5million in 2019.

The betting giant's 1,414 shops have been hit hard by repeated lockdowns, prompting its retail arm to slump to a £29.5million loss as like-for-like revenues fell 30 per cent.

But, William Hill's online arm, which accounts for 61 per cent of group revenues, delivered a 3 per cent rise in earnings to £121.9million.

Boss Ulrik Bengtsson said the group's betting shops traded strongly when they were able to open.

He said: 'Retail bounced back very quickly and I anticipate that to happen again, we can then assess the long-term performance.

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'We will come back strongly and quickly.'

Net revenues slumped 16 per cent as the pandemic led to widespread disruption of live sporting events as well as the retail and casino closures.

The company said: '2020 has been a decisive year for William Hill, with careful financial management leaving the balance sheet in a healthy position, enabling the group to capture the opportunities that 2021 will bring through the acquisition by Caesars and their intention to seek suitable partners or owners for the non-US business.'

William Hill agreed to a takeover by Caesars in November and its suitor saw off competition from rival bidder, private equity giant Apollo.

Meanwhile, rival Ladbrokes owner Entain, also reporting today, fared better over the year thanks to surging growth in its US joint venture and the switch to online gambling.

Hill Gambling

The group swung to a pre-tax profit of £174.7million last year against losses of £164.4million the previous year, while underlying operating profits edged 2 per cent higher to £529.5million.

It hailed 20 quarters in a row of double-digit online net gaming revenue growth and said BetMGM, while its joint venture with MGM Resorts, notched up an 18 per cent boost in market share.

The BetMGM business delivered better-than-expected revenues of £127.5million in 2020, it added.

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Shares in William Hill are down 0.15 per cent or 0.40p to 270.80p. A year ago the share price was 139.75p.