William Hill warns of profit hit on local lockdowns as revenue slips
William Hill said Wednesday that local UK coronavirus lockdowns would hit core earnings as third quarter revenue fell 9% due to lower gaming income.
Despite this, the firm, which operates 1,414 shops across the UK said it had delivered a good performance as the return of live sport accelerated and its retail estate reopened.
The company enjoyed continued good performance in its International online business with gaming growing double digits, partially offset by unfavourable sports results.
In September, William Hill accepted a £2.9bn offer from its US joint venture partner, the casino giant Caesars Entertainment.
Ulrik Bengtsson, CEO of William Hill, said: “We are very pleased with the trading performance of the group, which has been borne out of the commitment, resilience and hard work of our teams across the business. I could not be prouder of them.