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Bookmaker William Hill beats expectations in grim first…

Aug 5 – British gambling company William Hill reported a better-than-expected first-half profit on Wednesday while announcing 119 of UK betting shops closed by coronavirus lockdowns would not reopen as it combines its online and retail businesses.

The company’s mid-year results showed adjusted operating profit fell to 11.8 million pounds ($15.43 million) in the six months to June from 76.2 million pounds a year ago, while revenue slumped by just under a third.

($1 = 0.7646 pounds) (Reporting by Pushkala Aripaka in Bengaluru; editing by Patrick Graham)

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