Online Casino Operator William Hill Disappointed Investors

The last year 2016 will surely not be a year of success or at least a positive overall development with the British bookmaker and online casino operator William Hill, Online Casino because too many problems and Online Casino persisting difficulties were a common thread throughout the 12 months. Already at the end of the first quarter of 2016, the stockholders had to swallow the first bitter pill when the company came out with a profit warning. For a long time this development was classified by William Hill as a temporary and soon to be tackled problem and the board spoke again and again about the upcoming turnaround.

However, the reorganization of the Group and the increase in profitability do not appear to be as straightforward as the now published financial update disappointed investors once again, continuing the negative trend of the past year. Despite the already downward revised figures for the 2016 financial year, the profit for the past 12 months at William Hill from the online casino business and the sports betting area will only be at the lower end of the newly prognosticated numbers and will amount to around 260 million pounds Amount.