Sports betting

Hills Q1 online revenues down 11%

Operator blames punter-friendly results and regulatory headwinds for setback

William Hill this morning reported an 11% drop in online revenues for Q1, driven by a customer friendly European football results and losses at Cheltenham. Sportsbook revenues accounted for most of the year-on-year decline, falling 17%, while gaming revenues were also down 4%. In the UK, amounts wagered declined 2% but Hills said the 2015…

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