|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.88 - 15.10|
|52 Week Range||1.38 - 16.14|
|Beta (5Y Monthly)||1.66|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 23, 2020|
|1y Target Est||N/A|
British bookmaker William Hill, which is being taken over by Caesars Entertainment Inc, posted a 91% fall in annual adjusted pre-tax profit on Thursday as it business struggled due to a lack of global sporting events and shop closures. The company, which operates around 1,400 betting shops in the UK, reported an adjusted pre-tax profit of 9.1 million pounds ($12.71 million) for the year ended Dec. 29, compared with 96.5 million pounds a year earlier. Online betting, however, has enjoyed a boost as coronavirus restrictions encouraged customers to bet more from home, with the company's online net revenue rising 9%.
Two of the UK’s largest gambling groups have said they will not shut any more of their high street betting shops despite the pandemic pushing their retail divisions to record losses. Ulrik Bengtsson, chief executive of William Hill, which closed 119 shops in the early stages of the crisis, said that the company had no plans to shut more: “Clearly I think we are going to see a structural change in the high street more broadly and that will at some level affect William Hill, [but] the experience we provide in the shops is quite hard to replicate online.” Jette Nygaard-Andersen, chief executive of Entain, owner of the Ladbrokes and Coral brands, said the company’s shops had “proven pretty resilient” and that it would not close more than the usual number in any year, which amounted to roughly 2 per cent of its estate.
CZR earnings call for the period ending December 31, 2020.