William Hill Punts On US As Paddy Power Expands

William Hill is the newest European betting company to engage a punt on the U.S. market as more difficult regulation in its home market of the United Kingdom continues to weaken its enterprise. The business posted a primary-half pre-tax lack of £802.3m €901m in comparison to a profit of £108.6m for the same length ultimate yr. and warned of greater charges as it revamps its retail company because of more difficult law within the UK market, Sports Betting sending its shares down about 8%.

As it faces impending regulation, the business has regarded a few measures, Sports Betting which might encompass closing about 900 loss-making retailers. William Hill talked about fees regarding shop closures, after the impairment taken for Sports Betting the half-year, can be £50,000 to £60,000 per store.