{"id":42703,"date":"2020-08-05T06:54:39","date_gmt":"2020-08-05T06:54:39","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=42703"},"modified":"2020-08-05T06:54:39","modified_gmt":"2020-08-05T06:54:39","slug":"william-hill-post-better-h1-results-than-expected","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/william-hill-post-better-h1-results-than-expected\/","title":{"rendered":"William Hill Post Better H1 Results Than Expected"},"content":{"rendered":"

\"\"Gambling company William Hill beat expectations on its half yearly results posting a profit of \u00a311.8 million for the 26 weeks up to June 30. However that still represented an 85% drop compared to the same period in 2019.<\/p>\n

Revenues also fell by 32% to \u00a3554.4 million during the period, at the same time as announcing its H1 results William Hill said it was not re-opening 119 of its retail units as the impact of the COVID-19 pandemic along with the FOBTs reduction had not made those shops viable anymore, it also said that the cost of closing those businesses would be minimal.<\/p>\n

William Hill has been focusing its efforts on expansion in the US along with its online gambling operation and has seen greater possibilities than in its UK retail arm.<\/p>\n

William Hill said: \u201cThe group has been impacted by the global COVID-19 pandemic, which has led to the Group taking the decision to not re-open a further 119 shops after lockdown restrictions were lifted in the UK and to increased uncertainty of future high street retail cashflows.\u201d<\/p>\n

The company also commented on the UK governments\u00a0 Job retention scheme: \u201cIn light of the robust recovery in the opening weeks of the second half, since mainstream sport resumed and our shops re-opened, Coronavirus Job Retention Scheme monies (the ‘Furlough Funds’) received from the UK government amounting to \u00a324.5m will be repaid.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Gambling company William Hill beat expectations on its half yearly results posting a profit of \u00a311.8 million for the 26 weeks up to June 30. However that still represented an 85% drop compared to the same period in 2019. Revenues also fell by 32% to \u00a3554.4 million during the period, at the same time as […]<\/p>\n","protected":false},"author":5,"featured_media":35479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,11,3,8],"tags":[],"class_list":["post-42703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe","category-headlines","category-igaming","category-latest"],"yoast_head":"\nWilliam Hill Post Better H1 Results Than Expected - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/william-hill-post-better-h1-results-than-expected\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"William Hill Post Better H1 Results Than Expected - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"Gambling company William Hill beat expectations on its half yearly results posting a profit of \u00a311.8 million for the 26 weeks up to June 30. 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