Belfast Telegraph

Blues, Spurs and Gunners hit profits at William Hill

By Ravender Sembhy

A strong end to the Premier League season from London clubs Chelsea, Arsenal and Tottenham helped dent profits at William Hill in the first half of the year.

The bookmaker reported an 11% fall in pre-tax profits to £109m in the six months to June 28, while revenue grew 3% to £837m.

On an adjusted basis, operating profit fell 1% to £129.5m.

The group said "unfavourable" football results in the later stages of last season - including champions Chelsea winning six games in a row - were partly to blame for the profit fall across the business.

Punters also cashed in at the firm's expense when Spurs and Arsenal notched up victories in five out of six games at the end of the season.

Chief executive Philip Bowcock focused on the rise in revenue and the group's online performance.

"The first half of 2017 has seen good progress against our three strategic priorities and wagering growth across all four divisions," he said.

Belfast Telegraph

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