£20m: Punter payday

Gambling industry hit as margins squeezed over festive period
Thursday 12 Jan 2017 Author: William Cain
Customer-friendly sports and horse racing results over the festive period proved a payday for gamblers but will shave £20m off William Hill’s ( WMH ) 2016 profit. William Hill rivals Ladbrokes Coral ( LCL ) and Paddy Power Betfair ( PPB ) could also see a squeeze on gambling margins if the trend proves widespread. Retail gambling margins at William Hill were 14.5% in the last nine weeks of...

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