William Hill profits hit by 'customer friendly' results

[The Buzz]

William Hill said in a press release on Monday that its profits will be at the low end of forecasts following "unfavourable" football and horseracing results.

The U.K. bookmaker said it had been hit by "customer friendly" results at the back end of last year, cutting profits by about £20 million. As a result, its operating profit for 2016 was about £260 million:

Philip Bowcock, Interim CEO, commented: “Importantly, the improvements we saw in wagering in Online and Australia in the second half have continued in recent weeks. However, all four divisions saw customer-friendly results at the back end of the year, which translated into profits being c£20m below our prior expectations. With key underlying trends continuing to be positive, the recent run of sporting results have not changed our confidence in a better performance in 2017.”

Here is a link to the entire press release: https://www.williamhillplc.com/newsm...ing-statement/

Here's a story from BBC: http://www.bbc.com/news/business-38553040

[Pokerface]

This will be an interesting article to follow to see if "customer friendly" results will help drive traffic and wagering over the next few months. Thanks for sharing.

[DanHorvat]

Justice is served.

[PromoteCasino]

Can anyone guess who they are going to screw to claw back some wonga !!!!

[DanHorvat]

With LAC just behind the corner...

[allfreechips]

Maybe that's why they screwed me on commissions? no more money lol!