William Hill to Close 119 Betting Shops as Covid-19 Has Crushed Profits

[UK Bookmaker] William Hill are to close another 119 betting shops as profits plunged at the bookmaker due to the effects of the Covid-19 pandemic.

However, the company is to repay £24.5 million in furlough funds to the government following what they described as a “robust recovery” in recent weeks since the return of mainstream sport and betting shops reopening.

Unveiling its financial results for the first six months of 2020, William Hill said net revenue had fallen by 32 per cent to £554.4m, while adjusted operating profit was down 85 per cent to £11.4m, although the bookmaker said that was ahead of expectations.

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Rich Nilsen is a 19-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 of the NHC twice. A former executive with Brisnet.com and a member of the NHC Players’ Committee, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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