Betting big William Hill has posted annual income forward of expectations however warned that it might face a £10 million hit from an impending bank card ban. The Playing Fee’s ban on using bank cards for on-line bets, which can start in April, is the newest legislative crackdown on the playing trade after the utmost stake on mounted odds betting terminals was hiked from £2 to £100 final 12 months.
William Hill stated it shut 713 retail shops within the UK throughout 2019 on the again of the stake enhance, however has reported a smaller drop in income than beforehand forecast.
Ulrik Bengtsson, chief government of William Hill, stated: “2019 was a 12 months of transition throughout which we executed on our ambition to diversify internationally with the acquisition of Mr Inexperienced and the continued robust progress of our US enterprise.
“The group delivered a robust working efficiency, forward of our expectations and in opposition to a difficult regulatory backdrop.”
“Our trade is evolving and this brings nice alternatives, underlining the significance of our efforts to reposition the enterprise. “We look ahead to constructing on these foundations with a renewed give attention to buyer, group and execution.”