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William Hill full-year revenue down on sports cancellations, curbs

por Jimmy Scanlon (2021-02-15)

Jan 13 (Reuters) - British bookmaker William Hill, which is set to be taken over by U.S.
casino operator Caesars Entertainment, on Wednesday posted a drop in annual revenue hit by COVID-19 lockdowns and sports events cancellations.

The company said total net revenue declined 16% to 1.32 billion pounds ($1.81 billion) for the year ended Dec. 29.

However, fourth-quarter revenue rose 9%, helped by sportsbook staking with margins benefitting from favourable sporting results.

($1 = 0.7308 pounds) (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shailesh Kuber)