William Hill Warns Gambling Crackdown Will Hit Full-12 Month’s Earnings

William Hill has warned of lessen full-yr. earnings following the closure of a few customer bills to combat difficulty playing and Sports Betting cash laundering, Sports Betting as smartly because the govt’s clampdown on fixed-odds betting terminals FOBTs. The bookmaker additionally blamed a tax raise and tough circumstances on the excessive street, because it downgraded its full-12 months profit forecast to between £225m and £245m. Analysts had penciled in profits of £242.6m; final year the enterprise made £291.3m.

In a buying and selling update, William Hill mentioned it benefited from the later levels of the world Cup, however misplaced out to punters on soccer results in October and Sports Betting had three loss-making weeks on horse racing all the way through the summer season.