CORRECTED-UPDATE 1-Bookmaker William Hill's revenue lifted by U.S. push, online demand [Reuters]
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Source: Reuters
Bookmaker William Hill's revenue lifted by U.S. push, online demand - Reuters 2 Min Read (Reuters) - British bookmaker William Hill ( WMH.L ) on Thursday posted slightly higher revenue in the fourth months since its first-half results, benefiting from higher online gambling demand and its aggressive expansion in the United States. The company is focusing on its online business in light of new rules, which cut the maximum stake allowed to 2 pounds from 100 pounds on high-speed slot machines. William Hill has also closed about 700 shops and is stepping up its push in the U.S. In mapping out its online future, the company promoted its digital boss Ulrik Bengtsson to the chief executive role in September. Online net revenue rose 26% for the 17 weeks ended Oct. 29, with a 60% jump in net revenue from the United States. Retail like-for-like net revenue fell 16% in the period. William Hill reiterated its full-year expectations. It said in August it expects full-year adjusted operating prof
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