UK’s biggest bookmaker says annual profit will range near the bottom of City forecastsWilliam Hill has warned that its annual profits will range near the bottom of City forecasts after unfavourable horse racing results helped send the bookmaker’s profit down by 39% in the third quarter.
In a trading update,Britain’s biggest bookie said weak sporting results affected its UK retail, US and Australian businesses in the three months to the finish of September. William Hill said football results were obedient but revenues were affected as too many favourites won horse races.
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Source: theguardian.com