|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.3400 - 2.3400|
|52 Week Range||1.5000 - 3.7500|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.13 (5.35%)|
|1y Target Est||N/A|
William Hill’s aggressive expansion into the U.S. could see its sports books break through the $1 billion barrier across several states that recently legalized sports gambling, including New Jersey and Mississippi. The British bookmaker has been growing quickly in the sports-obsessed U.S. market as it looks to soften the impact of a regulatory crackdown at home that is hitting revenues and forcing the closure of almost a third of its stores. Now (WMH) (ticker: WMH.U.K.), which is scheduled to report its half-year results on Friday, is hoping it can generate around 45% of its revenues in the U.S., where it is positioning itself in time for the start of the new N.F.L. season in September by opening dozens of new sports books.
William Hill’s aggressive expansion into the U.S. could see its sportsbooks break through the $1 billion barrier across several states which recently legalized sports gambling, including New Jersey and Mississippi.
Britain cut the maximum stake allowed to 2 pounds ($2.52) in April after complaints that the machines, which had previously let gamblers bet up to 100 pounds every 20 seconds, were highly addictive and allowed players to rack up big losses. William Hill, which last year warned that about 900 shops could be shut, said on Thursday it had suffered a significant fall in revenues since the change and would close 700 of them. It said that the closures, which would put about 4,500 of its 12,500 British jobs at risk, were likely to begin before the end of the year, in the latest blow to Britain's struggling high streets.
William Hill plans to cut about a third of its betting shops and jobs in Britain after the government slashed the maximum stake permitted on fixed-odds terminals, dubbed the "crack cocaine" of gambling by their critics. Britain cut the maximum stake allowed to 2 pounds ($2.52) in April after complaints that the machines, which had previously let gamblers bet up to 100 pounds every 20 seconds, were highly addictive and allowed players to rack up big losses. William Hill, which last year warned that about 900 shops could be shut, said on Thursday it had suffered a significant fall in revenues since the change and would close 700 of them.
The company, which serves punters through betting shops, sports books, online and mobile channels in eight countries, said overall revenue rose 2% and online revenue grew 8% as it benefited from the Sweden-based Mr Green & Co acquisition. Net revenue from the U.S. jumped 48% from operations in seven states that currently legislate and regulate sports betting. The company, which processed more than 8 billion pounds in sports wagers in 2018, has been spending aggressively to push growth and capture market share in the United States.
British bookmaker William Hill Plc reported higher revenue for the year to April 30 on Wednesday, as the success of its online business and operations in the United States offset weak retail performance ...
Moody's Investors Service ("Moody's") has today assigned a Ba1 rating to William Hill plc's ("William Hill") proposed new GBP350 million senior unsecured notes due 2026. The company's Ba1 Corporate Family Rating ("CFR"), Ba1-PD Probability of Default Rating, and Ba1 rating on existing notes remain unchanged. William Hill's Ba1 rating is constrained by (1) adverse regulatory change, in particular the Triennial Review outcome which will reduce maximum stakes on B2 machines to GBP2 from GBP100, substantially reducing revenue from gaming machines and potentially reducing total operating profits by GBP70-100 million or more.
Tiger Woods threw up his arms and joined a jubilant Masters crowd in celebrating his win Sunday, easing 14 years of injury- and scandal-related frustration since his last win at Augusta. Bettors liked Woods and sportsbooks lost big. Last Tuesday, a bettor walked into the William Hill PL/ADR (OTC: WIMHY) sportsbook at the SLS Casino in Las Vegas and put $85,000 down on an improbable Woods comeback culminating in a Masters win, at 14-1 odds.
Wins for favourites generally tend to mean a major hit for bookies taking the action on Britain's biggest horse race of the year and another major firm, Betway, called Tiger Roll's win one of its biggest blows ever. The horse's owner, Ryanair Chief Executive Officer Michael O'Leary, celebrated the second consecutive victory, the first since Red Rum in 1974, by buying drinks for all passengers on his flight home to Dublin, according to footage posted on The Sun's website on Sunday. Eleven-year-old Tiger Roll, ridden by jockey Davy Russell, had a starting price of 4/1, compared with 14/1 last year https://www.grandnational.org.uk/previous-winners.php.
The National Hockey League said on Thursday the U.S. division of UK bookmaker William Hill Plc will become an official sports betting partner of the NHL. The league will get marketing revenue from the sports book, which can use NHL brands in advertising, excluding the NHL's new puck and player data. Such commercial deals between sports leagues and bookmakers have been coming quickly since the U.S. Supreme Court ruled last May to allow states to legalize, regulate and tax sports wagering.
Betting companies with operations in Gibraltar on Spain’s southern flank worry Madrid will restrict land access to the tiny British territory when the U.K. leaves the European Union. GVC Holdings Plc and William Hill Plc have more than 1,400 employees on the rocky peninsula, which has long been an international betting hub because it had a legal framework for gambling before the U.K. mainland and more favorable taxes. Competing claims over the territory have caused tension between Spain and Britain for three centuries.
William Hill has plunged into the red and blamed the fallout from the anticipated introduction of a £2 maximum stake on fixed odds betting terminals (FOBT) next month. The company said the huge loss was largely due to an exceptional charge of £883m linked to the government’s decision to reduce the maximum stake on FOBTs from £100 to £2. The government announced plans to tighten the rules around the betting machines, which have been dubbed the “crack cocaine of gambling”, last year in a bid to curb gambling problems.
British betting companies have been pushing into the United States market because of tighter regulations at home and after the U.S. Supreme Court decided to overturn a federal ban on sports betting. William Hill has put money into a digital launch in New Jersey and has started operations or expanded in six states, and the investments resulted in a net adjusted operating loss of 33.2 million pounds in 2018.