William Hill Online profits down 12% on UK tax pressure and sportsbook fall

UK tax increases dent digital operating profit while online pro forma net revenues fall 2% on a double-digit decline from sports betting

William Hill Online today reported a 12% year-on-year fall in H1 2019 operating profit following an increase in UK taxes and a 2% fall in digital net revenue to £367.3m. The London-listed bookmaker this morning revealed adjusted operating profit was down 12% to £54.3m due to the increase of Remote Gaming Duty (RGD) to 21%…

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