UK local lockdowns could cost William Hill £2m

Home » UK local lockdowns could cost William Hill £2m

Enforced closures of William Hill’s betting shops amid localised lockdowns in the UK could cost the company up to £2m in earnings.

In a trading update, the group stated that the above figure would be reached if there is no government jobs support amid a four-week shutdown of 100 shops.

William Hill’s overall revenues dropped by nine per cent in the third quarter of 2020.

The company, which is subject to a £2.9bn takeover by Caesars Entertainment, described its overall Q3 performance as “encouraging”, with retail recovering to pre-pandemic levels and expansion in the US continuing to drive growth as it opened for business in four new states. Overall net revenues for online betting and gaming were up by four per cent in the quarter.

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William Hill CEO Ulrik Bengtsson said: “We are very pleased with the trading performance of the group, which has been borne out of the commitment, resilience and hard work of our teams across the business. I could not be prouder of them.

“We have moved the company forward with our relentless focus on our customers, enhancing the competitiveness of our product, and maintaining player safety as one of our highest priorities. We have reinvigorated the leadership team and they, in turn, have empowered their teams to deliver on our plans.”

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