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William Hill warns gambling crackdown will hit full-year profits

Bookmaker blames impact of government measures against problem gambling and FOBTs William Hill has warned of lower full-year profits following the closure of a number of customer accounts to combat problem gambling and money laundering, as well as the government’s clampdown on fixed-odds betting terminals (FOBTs). The bookmaker also blamed a tax increase and tough conditions on the high street, as it downgraded its full-year profit forecast to between £225m and £245m. Analysts had pencilled in profits of £242.6m; last year the company made £291.3m. Continue reading...

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