Published
OnlineFinancialSports BettingIndustry

William Hill attributes marginal online revenue growth to “regulatory headwinds”

William Hill online net revenue grew 1% year-on-year for the period from 3 July to 29 Oct 2019.

williamhillrevenue

A 4% increase in the operator’s UK online revenue was offset by a 4% fall in its international revenue for the sector.

Despite the integration of Mr Green within the trading period, William Hill attributed the international decline to "regulatory headwinds," which resulted in the operator leaving the Swiss market and caused disruption to payment methods in other areas of Europe.

Retail net revenue fell 16% for the period, with a decline of 39% in net gaming revenue and an increase of 13% in sportsbook revenue.

However, the operator said UK customers are beginning to adjust to the introduction of a £2 ($2.59) maximum stake limit to fixed-odds betting terminals earlier this year.

Net revenue increased 60% for William Hill’s US operations, with 27% growth in Nevada.

Ulrik Bengtsson, recently appointed William Hill CEO, said: "During my first months as CEO I have been focused on how we can improve our competitiveness while ensuring we continue to deliver on our strategic ambitions.

"I am pleased to confirm we remain on track to meet our full-year expectations."

Premium+ Connections
Premium
 
Premium
 
Premium
 
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Hard Rock Hotel & Casino Tejon
Evolution
Follow Us

Facing Facts: Analysing figures from emerging gambling markets

Where is the gambling market on the rise, and are there any...

Taking Stock: A guide to lottery/iLottery operator and supplier prices

Gambling Insider tracks lottery/iLottery operator and suppli...

New Horizons Cover Feature: United Arab Emirates

With its first land-based casino set to open in 2027 and a n...

New Horizons Cover Feature: Brazil

Brazil performed quite the feat by getting its heavily delay...

The best of Malta at the Global Gaming Awards

Powered by Gambling Insider, the Global Gaming Awards are th...

Preview: SiGMA Malta 2024

A place in the winter sun: SiGMA returns to the home of iGa...

Company profile: Soft2Bet

Bill 55: Advantages and challenges for Maltese operators in...

Company profile: DS Virtual Gaming

DS Virtual Gaming is a leader in the gaming industry, utilis...