Published On: Mon, Jan 21st, 2019

William Hill Announce Higher Profits But Want To Remodel Retail

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William Hill the UK Bookmaker said its full 2018 profits were slightly higher than predicted compared to its profits warning in November 2018 standing at £234 million instead of the £232.2 million it had predicted in November. However that would still be 15% lower profits that a year earlier, with the impact of FOBTs and its retail business suffering the high street slowdown.

To this William Hill said it will remodel its retail business during 2019, with many observers believing that to mean a reduction in the amount of betting outlets in the companies portfolio as the bookmaker continues to expand and enhance its online business.

In a report on its US business the company said it had broken even in 2018 and looks to spend another £120 million continuing to expand its US footprint this year.

Chief Executive Officer Philip Bowcock has said previously that William Hill will be a “digitally-led international business”, which seems to mean that the companies retail business will be trimmed down as the firm looks to push further into the US.

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