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William Hill releases financial results for “a challenging year”

Global online gaming and sportsbetting giant William Hill has released its financial results for 2016 showing that “a challenging year” had produced a 1% increase year-on-year in net revenues to $1.99 billion while the firm’s adjusted operating profit had fallen by 10% to $325.94 million.

William Hill reported a 3% decline year-on-year in online revenues to $678.93 million for the twelve months to the end of December while overall costs in the vertical rose by 5% to push this sector’s operating profit down to $125.23 million. Conversely, online sports handle improved by 2% to …