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William Hill pushed into loss by Australia writedown
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23 February 2018
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William Hill has actually been pushed into an annual loss after slashing the worth of its Australian company.

The bookie reported a pre-tax loss of ₤ 74.6 m for 2017, compared to an earnings of ₤ 181.3 m the year before.

That modification was primarily due to a ₤ 238m charge the yohaig code business took to document the value of its company in Australia.

The writedown follows changes in regulation - with credit-funded betting now banned in Australia - and an increase in tax in some states.

William Hill is presently carrying out a tactical evaluation of its Australian company, which is because of be finished by mid-2018.

Online increase
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Despite the hefty write-off pushing the business into a loss, William Hill stated that its underlying efficiency had actually improved.

Net earnings increased 7% to ₤ 1.7 bn, while changed operating earnings climbed 11% to ₤ 291.3 m.

William Hill stated profits from its online organization increased 13%, which it stated shown improvements to its site and marketing.

On Tuesday, was hit with a ₤ 6.2 m fine by the Gambling Commission for breaching anti-money-laundering and social responsibility policies.
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The Commission stated the business did not do enough to make sure oversight procedures were efficient. As an outcome, 10 customers had the ability to deposit money linked to criminal offenses.
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In its outcomes declaration, William Hill restated that it had dedicated to perform an independent review as an outcome of the findings, and would work to implement any suggestions that emerge.

William Hill penalty 'could increase' Video, 00:00:55 William Hill charge 'could increase'

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bit.ly
1 February 2018
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Betting shares slide on stake-cut report

22 January 2018