Bookmaker’s shares slide after ghastly race of results and customers imposing betting limits on themselvesDire horse racing results at the Cheltenham festival and high-value online customers imposing restrictions on their own gambling gain triggered a profit warning for bookmaker William Hill.
In a surprise trading update on Wednesday,the bookmaker said it expected operating profit for this year to fall to between 260m and £280m, from £291m last year. Analysts’ average forecast was for profit of £307m from a range of £284m-318m.
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Source: theguardian.com