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William Hill PLC (WMH.L)

WMH.L on London Stock Exchange

183.80GBp
19 Sep 2019
Change (% chg)

-0.90 (-0.49%)
Prev Close
184.70
Open
183.00
Day's High
183.80
Day's Low
183.00
Volume
139
Avg. Vol
3,489,852
52-wk High
266.70
52-wk Low
128.41

Latest Key Developments (Source: Significant Developments)

William Hill Operating Profit Slumps On Regulatory Cap, U.S. Expansion Cost
Friday, 9 Aug 2019 

Aug 9 (Reuters) - William Hill PLC ::HY GROUP NET REVENUE UP 1% TO £811.7M.HY ADJUSTED OPERATING PROFIT DOWN 33% TO £76.2M REFLECTING £2 STAKE LIMIT AND INVESTMENT IN US EXPANSION.INTERIM DIVIDEND OF 2.66P PER SHARE.ELDORADO RESORTS ACQUISITION OF CAESARS ENTERTAINMENT WE ANTICIPATE WOULD GENERATE C$20-35M ADDITIONAL RETAIL EBITDA WITHIN THREE YEARS.FULL-YEAR PERFORMANCE EXPECTED TO BE IN LINE WITH PREVIOUS GUIDANCE.EXCEPTIONAL CHARGE AND ADJUSTMENTS OF £114.3M IN HY, INCLUDING £97.1M RELATING TO MITIGATION MEASURES FOLLOWING £2 STAKE CHANGE.HY LOSS BEFORE TAX 63.5 MILLION STG VERSUS LOSS OF 819.6 MILLION STG.CONTINUING TO PURSUE COST REDUCTION MEASURES, INCLUDING ENGAGING WITH C1,700 LANDLORDS OF OUR C2,300 LICENSED BETTING OFFICES.CONTINUE TO EXPAND RAPIDLY IN US, BOTH IN NEVADA AND IN NEW STATES.NOW EXPECT ADJUSTED OPERATING PROFIT FOR YEAR TO BE IN MIDDLE OF £50-70M RANGE PREVIOUSLY GUIDED TO.EXPECT LOSSES FROM OVERALL US BUSINESS STILL TO COME WITHIN PREVIOUSLY GUIDED RANGE FOR 2019 OF $0-20M.HY ADJUSTED PROFIT BEFORE TAX 50.8 MILLION STG VERSUS 96.3 MILLION STG.  Full Article

Kambi Group To Provide Sportsbook For William Hill Sweden
Monday, 29 Apr 2019 

April 29 (Reuters) - Kambi Group Plc ::REG-KAMBI GROUP PLC TO PROVIDE SPORTSBOOK FOR WILLIAM HILL SWEDEN.WILL PROVIDE SPORTSBOOK PLATFORM TO WILLIAM HILL, AFTER OPERATOR DECIDED TO EXPEDITE PLANNED ENTRY INTO RE-REGULATED SWEDISH MARKET.WORK IS WELL UNDERWAY TO ALIGN KAMBI SPORTSBOOK WITH WILLIAM HILL'S PRODUCT REQUIREMENTS WITH AN INITIAL PRODUCT LAUNCH EXPECTED TO TAKE PLACE IMMINENTLY..  Full Article

William Hill Updates On Offer To Buy Sweden's Mr Green & Co
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - William Hill PLC ::OFFER UPDATE.OFFER DOCUMENT REGARDING CASH OFFER TO SHAREHOLDERS OF MR GREEN & CO AB APPROVED, REGISTERED BY SWEDISH FINANCIAL SUPERVISORY AUTHORITY.TO EXTEND ACCEPTANCE PERIOD OF MRG OFFER BY FOUR WORKING DAYS, ACCEPTANCE PERIOD FOR OFFER COMMENCES ON DEC 10, ENDS ON 17 JAN 2019.  Full Article

Fitch Says Gaming Earnings Under Pressure From UK Budget Changes
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Fitch ::FITCH SAYS GAMING EARNINGS UNDER PRESSURE FROM UK BUDGET CHANGES.FITCH SAYS REGULATION OF GAMING ACTIVITIES TIGHTENED RECENTLY, ESPECIALLY IN UK, BUT IT DOES NOT EXPECT FURTHER MAJOR CHANGES IN FORESEEABLE FUTURE.FITCH SAYS BELIEVE LARGEST GAMING COMPANIES IN UK HAVE CAPACITY TO ABSORB INCREASED DUTY.FITCH SAYS EXPECT ONLINE GAMING MARKET IN UK TO POST CONTINUOUS GROWTH, WHICH WILL MITIGATE IMPACT.FITCH SAYS RETAIL GAMING SEGMENT IN UK MAY EXPERIENCE SOME MARGINAL REGULATORY TIGHTENING.FITCH SAYS ESTIMATES THAT UK GOVERNMENT'S NEW REMOTE GAMING DUTY MEASURE COULD LEAD TO 10%-12% REDUCTION IN EBITDA FOR PADDY POWER BETFAIR AND WILLIAM HILL.  Full Article

Britain cuts top stake on gambling machines to 2 pounds
Thursday, 17 May 2018 

May 17 (Reuters) - UK's Department for Digital, Culture, Media & Sport::CONSULTATION ON PROPOSALS FOR CHANGES TO GAMING MACHINES AND SOCIAL RESPONSIBILITY MEASURES.REDUCING THE MAXIMUM STAKE ON B2 GAMING MACHINES (FOBTS) FROM £100 TO £2.MAINTAINING THE STATUS QUO ON STAKES, PRIZES AND ALLOCATIONS FOR ALL OTHER GAMING MACHINES.IMPROVING PLAYER PROTECTIONS ON CATEGORY B MACHINES, TO BE TAKEN FORWARD BY THE GAMBLING COMMISSION.RESPONSE TO CONSULTATION HAS BEEN OVERWHELMINGLY IN SUPPORT OF A SIGNIFICANT REDUCTION IN B2 STAKES."I WANT TO BE VERY CLEAR THAT STAKE REDUCTION ON B2 GAMING MACHINES SHOULD NOT BE A SIGNAL TO WIDER INDUSTRY TO TAKE FOOT OFF PEDAL ON ISSUE" - MINISTER FOR SPORT AND CIVIL SOCIETY.£2 FOUND TO BE STAKE LIMIT THAT WOULD MOST SUBSTANTIALLY IMPACT ON HARM BY REDUCING THE ABILITY TO SUFFER HIGH SESSION LOSSES.EVEN CUTTING TO £10 WOULD LEAVE PROBLEM GAMBLERS, AND THOSE MOST VULNERABLE, EXPOSED TO LOSSES THAT WOULD CAUSE THEM SIGNIFICANT HARM.LOCAL AUTHORITIES, CHARITIES, FAITH GROUPS, PARLIAMENTARIANS, INTEREST GROUPS AND ACADEMICS ALL SUBMITTED OPINIONS IN FAVOUR OF A £2 LIMIT.  Full Article

William Hill Sees 2017 Adj. Oper Profit At 290 Mln Stg
Monday, 15 Jan 2018 

Jan 15 (Reuters) - William Hill Plc ::‍GROUP'S FULL-YEAR ADJUSTED OPERATING PROFIT 1 FOR 2017 IS EXPECTED TO BE C£290M, C11% UP ON 2016​.‍THIS IS AHEAD OF EXPECTATIONS, REFLECTING GOOD MOMENTUM IN BOTH UK AND US MARKETS​.ALSO REFLECTS ‍STRONGER GROSS WIN MARGIN AND BENEFITS OF TRANSFORMATION PROGRAMME​.‍IN NINE WEEKS SINCE TRADING STATEMENT ON 20 NOVEMBER 2017, RETAIL AND ONLINE GROSS WIN MARGINS WERE AHEAD OF EXPECTATIONS​.‍WE ARE UNDERTAKING A STRATEGIC REVIEW OF OUR AUSTRALIA BUSINESS​.  Full Article

William Hill Says Appoints ‍Roger Devlin As Chairman Designate​
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - William Hill Plc ::WILLIAM HILL APPOINTS CHAIRMAN DESIGNATE​.‍ROGER DEVLIN WILL JOIN BOARD AS CHAIRMAN DESIGNATE ON 1 FEBRUARY.‍ROGER DEVLIN WILL BE APPOINTED CHAIRMAN ON 2 APRIL 2018 WHEN GARETH DAVIS WILL STAND DOWN​.  Full Article

William Hill Says Will Support Scientific Games Corp's Proposed Acquisition Of Nyx
Thursday, 7 Dec 2017 

Dec 6 (Reuters) - William Hill Plc ::WILLIAM HILL PLC SAYS REACHED AGREEMENT WITH SCIENTIFIC GAMES CORPORATION TO UNCONDITIONALLY SUPPORT SCIENTIFIC GAMES' PROPOSED ACQUISITION OF NYX.WILLIAM HILL PLC SAYS FOLLOWING AGREEMENT ALL PARTIES HAVE WITHDRAWN FROM ALL LITIGATION IN US AND UK.  Full Article

William Hill ‍confirms Ruth Prior joined board as CFO​
Monday, 2 Oct 2017 

Oct 2 (Reuters) - William Hill Plc ::Confirms Ruth Prior has formally joined board as chief financial officer.  Full Article

PRESS DIGEST- Financial Times - Sept 6

Sept 6 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.