Finance

William Hill US hits breakeven as expansion costs offset Nevada profits

Operator has a 34% market share across the seven states where sports betting is regulated

William Hill’s US business was almost exactly breakeven in FY2018, as expansion costs were offset by profits from its existing business. Adjusted operating profit from the existing business was up 84% to £32.6m, with revenues up 38% to £80m. Meanwhile, expansion made a loss of 333.2m, on revenues of £11.8m, Hills said its existing business…

Finance | William Hill US

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