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William Hill posts strong US revenues as it remodels UK business

Thu, 21st Nov 2019

William Hill has reported strong US revenue growth of 60% with new operations in two states so far this year. The betting company said in a trading update for the year to 29 October 2019 that it was trading in line with full year expectations with net revenue up 1% compared to the same period in 2018. Online UK net revenue was up 4%, consistent with the market growth rate. However, retail like-for-like net revenue fell 16% since the half year, William Hill said, in part due to its work to remodel outlets to mitigate the impact of the £2 stake limit, which saw the closure of roughly 700 shops. At 8:00am: (LON:WMH) William Hill PLC share price was -1.85p at 177.25p Story provided by StockMarketWire.com

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