Difference between revisions of "William Hill Pushed Into Loss"

Latest revision as of 04:38, 27 October 2025

William Hill pushed into loss by Australia writedown


23 February 2018


William Hill has actually been pushed into an annual loss after slashing the worth of its Australian organization.
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The bookie reported a pre-tax loss of ₤ 74.6 m for 2017, compared with an earnings of ₤ 181.3 m the year before.


That change was mainly due to a ₤ 238m charge the yohaig code business required to document the value of its business in Australia.
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The writedown follows modifications in policy - with credit-funded wagering now banned in Australia - and an increase in taxation in some states.
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is currently performing a strategic evaluation of its Australian organization, which is because of be completed by mid-2018.


Online increase
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Despite the yohaig code hefty write-off pushing the business into a loss, William Hill said that its underlying performance had enhanced.
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Net earnings rose 7% to ₤ 1.7 bn, while adjusted operating earnings climbed up 11% to ₤ 291.3 m.
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William Hill said incomes from its online company increased 13%, which it stated shown enhancements to its site and marketing.


On Tuesday, William Hill was hit with a ₤ 6.2 m fine by the Gambling Commission for breaching anti-money-laundering and social obligation regulations.
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The Commission said the business did refrain from doing enough to guarantee oversight procedures were efficient. As an outcome, 10 consumers were able to deposit cash linked to criminal offences.


In its results declaration, William Hill reiterated that it had devoted to perform an independent review as an outcome of the findings, and would work to implement any recommendations that emerge.
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William Hill charge 'could increase' Video, 00:00:55 William Hill penalty 'could increase'


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1 February 2018


Betting shares slide on stake-cut report


22 January 2018
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