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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 organization.

The bookmaker reported a pre-tax loss of ₤ 74.6 m for 2017, compared with a profit of ₤ 181.3 m the year before.
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That change was generally due to a ₤ 238m charge the company required to document the worth of its business in Australia.

The writedown follows modifications in policy - with credit-funded betting now banned in Australia - and an increase in taxation in some states.
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William Hill is presently performing a tactical evaluation of its Australian business, which is due to be finished by mid-2018.

Online increase

Despite the hefty write-off pushing the business into a loss, William Hill said that its efficiency had actually enhanced.
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Net incomes rose 7% to ₤ 1.7 bn, while adjusted operating revenue climbed up 11% to ₤ 291.3 m.

William Hill stated earnings from its online organization increased 13%, which it said shown enhancements to its site and marketing.
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On Tuesday, William Hill was hit with a ₤ 6.2 m fine by the Gambling Commission for breaching anti-money-laundering and social duty regulations.

The Commission stated the company did refrain from doing enough to guarantee oversight measures worked. As an outcome, 10 consumers were able to deposit money connected to criminal offenses.

In its results declaration, William Hill restated that it had actually committed to carry out an independent review as an outcome of the findings, and would work to implement any recommendations that emerge.
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William Hill charge 'could increase' Video, 00:00:55 William Hill charge 'could increase'
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1 February 2018
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Betting shares slide on stake-cut report

22 January 2018