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According to a Tuesday report from the Financial Times newspaper, the London-listed operator is running a share offer for up to 19.Important initiatives:Although these venues were officially allowed to re-open from Monday, the newspaper reported that William Hill has so far only revived operations at some 734 United Kingdom locations and is continuing with cost-cutting measures that have seen it reduce staff salaries, decrease capital expenditures and scrap its most recent dividend payment. This latter move was purportedly a major factor in the bookmaker’s revenues from online sportsbetting dropping by almost a quarter year-on-year to further compound a halving of its aggregate revenue growth over the past six weeks....
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The publication pronounced that this revival is set to be further aided by today’s sequestered recommencement of the ever-popular English Premier League and Royal Ascot horseracing spectacular. This latter move was purportedly a major factor in the bookmaker’s revenues from online sportsbetting dropping by almost a quarter year-on-year to further compound a halving of its aggregate revenue growth over the past six weeks.Rewarding return:The Financial Times reported that William Hill is moreover in line to benefit from a recent court ruling that is likely set to see it receive a tax rebate worth up to ￡150 million (2 million)....
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