June 17, 2020 / 7:19 AM / 25 days ago

William Hill raises £224 million in discounted share sale

FILE PHOTO: A branded sign is displayed outside a William Hill betting shop in London, Britain July 25, 2016. REUTERS/Neil Hall

(Reuters) - William Hill (WMH.L) said on Wednesday it raised about 224 million pounds in a discounted stock sale, sending the British bookmaker’s shares down more than 4%.

The funds will help the company grow further in the United States, where it has been expanding due to the easing of sports betting rules.

Reporting by Tanishaa Nadkar in Bengaluru; Editing by Anil D'Silva

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