William Hill receives record £19.2m fine from UKGC
The Gambling Commission contemplated suspending William Hill’s license after issuing a near 20 million Pound fine for the operator’s numerous failures.The gambling...
William Hill reports 2022 financial performance
In its latest financial review, William Hill has shared its performance details for 2022.
Starting off with the most noteworthy figures, William Hill recorded a revenue of 1.23 billion pounds throughout 2022, which was down slightly from 2021’s revenue of 1.24 billion pounds. The company’s Adjusted EBITDA, on the other hand, saw a sizable increase in the period, going from the prior year’s 161 million pounds to 214 million pounds, which is an increase of more than 32%.
William Hill’s profits after taxes went up significantly as well, going from a near 59 million pound loss in 2021 to more than 168 million pounds of profit last year.
Breaking down by the company’s different sectors, its retail operations experienced a more than 50% increase in revenue in the year, going from 336 million pounds to 514 million pounds. The easing of various lockdown restrictions originally imposed at the start of the pandemic played a large role in this increase.
In contrast, William Hill’s online operations decreased by almost 20%, going down from 628 million pounds to 509 million pounds. The report stated that the main reason for this decrease is a combination of customers returning to land-based establishments and the implementation of the company’s latest player safety measures.
Lastly, the firm’s international operations generated a revenue of 212 million pounds, which is 23% lower than last year’s figure of 276 million pounds.
William Hill starts a collaboration with Celtic F.C.
William Hill has started retail betting cooperation with the Scottish Celtic F.C.According to the collaboration agreement, William Hill has been appointed as the...
