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William Hill Expects £30M Loss Due to Lockdown Closures of Betting Shops

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5 years ago

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William Hill Expects £30M Loss Due to Lockdown Closures of Betting Shops
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Bookmaker William Hill has said that shop closures and lockdown restrictions have led to a steep drop in its revenues.

The group said that overall revenues for 2020 would be £1.3bn, 16% below 2019, and that it expected a £30m year-on-year loss at its retail division due to the challenges of trading at its high street betting shops during the pandemic.

Online revenues rose 5% in the UK and 12% in its other markets after it launched the Swedish online gaming group Mr Green in two new regions. Like many rivals, William Hill benefited from an increase in online gambling once live sport returned, with gamblers turning to betting apps to relieve lockdown boredom, as well as a string of favourable sports results.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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