William Hill Profits Hit By £20m By Winning Football Favourites

A run of punter-friendly football and racing results described by one firm as “the worst month in living memory for bookmakers” helped hit annual profits at gaming giant William Hill by £20m, it warned today.

A string of unfavourable results in all four divisions of English football and well-backed horses winning high-profile races saw the firm announce full-year operating profits of around £260m for 2016 — at the bottom end of expectations.

Philip Bowcock, interim CEO, said: "Importantly, the improvements we saw in wagering in online and Australia in the second half have continued in recent weeks.

"However, all four divisions saw customer-friendly results at the back end of the year, which translated into profits being c£20m below our prior expectations.

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