Despite encountering challenges in the transition of 2022, William Hill proved its strength and adaptability.
William Hill Posts Solid Results in 2022, According to Evoke Report
In a recent report published by Evoke, UK-based iGaming company William Hill has announced a significant increase in its retail revenues for 2022. The report, which focuses on the company's performance in the sports betting sector, reveals that revenues increased by 53% compared to the previous year.
The report also indicates that the company managed to thrive despite challenges in the sports betting industry and amid post-pandemic trends in the legal sports betting world. The solid results were reported by Amy Calistri of Covers.
One of the key factors contributing to the increase in retail revenues was the return of many bettors to in-person betting in the UK. This shift from online to in-person betting was significant for William Hill in 2022, as UK online revenues decreased by 19% compared to 2021.
However, it's important to note that William Hill's overall revenues in the UK were essentially flat year-to-year. Despite this, the company posted a modest profit of £168.4m in 2022.
The report also highlights the successful navigation of a series of mergers and acquisitions by William Hill in 2022. The company's earnings were a significant part of the report, with the change in the source of revenues, especially in the UK, being a key focus.
The search results do not provide information about who is responsible for the further development of William Hill's online division in the UK in case of a strategic change. The report concludes that William Hill has posted solid results in 2022, demonstrating the company's resilience and adaptability in the face of industry challenges.
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