down cross right results icon premium content video video hollow icon audio lifeNews icon-comment tick starFilled betSlip hot icon-liveCommentary refresh spinner arrow-down
coral logo ladbrokes logo betway logo williamHill logo bet365 logo paddypower logo unibet logo betfair logo skybet logo tote logo
TODAY'S OFFERS
TODAY'S BOOKMAKER OFFERS
Exclusive to new customers:
  • View offer
    GET UP TO £100 IN FREE BETS
    Claim this offer
    New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. Payment restrictions apply. T&Cs apply.
  • View offer
    Bet £10 get £30 in free bets
    Claim this offer
    Open an account with William Hill using promo code P30, bet £10 and get £30 in free bets. Min £10 stake, win only, min odds 1/2, free bets paid as 2 x £15, 30 day expiry, free bet/payment method/player/country restrictions apply. T&Cs apply
  • View offer
    Bet £5 get £30 in free bets
    Claim this offer
    Open an account with Sky Bet and get £30 in free bets when you place a £5 bet. First single and EW bet only. Odds of 1-1 or greater. 3x £10 bet tokens. Free bet stakes not included in returns. Free bets are non withdrawable. No free bet expiry. Eligibility restrictions. Further T&Cs apply. 18+
  • View offer
    Up to £100 in Bet Credits
    Claim this offer
    Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
  • View offer
    Bet £5 get £20 in free bets
    Claim this offer
    Open an account with Ladbrokes and place £5 of bets, you'll get £20 in free bets. 18+ New UK+Ire customers. Paypal and certain deposit types and bet types excluded. Min £5 bet within 14 days of account reg at min odds 1-2 = 4 x £5 free bets. Free bets valid for 7 days on sports, stake not returned, restrictions apply. T&Cs apply.
  • View offer
    £20 RISK FREE FIRST BET
    Claim this offer
    New customers only. Place your FIRST bet on any sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using Cards or Apple Pay will qualify for this promotion. T&Cs apply. Paddy's Rewards Club: Get a £10 free bet when you place 5x bets of £10+. T&Cs apply.
  • View offer
    £10 risk-free first bet
    Claim this offer
    Place your first bet on Pools and if it loses we'll refund your stake in cash. Max refund is £10. Qualifying bet is the first bet added to the betslip. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. E-wallet deposit restrictions apply. T&Cs apply
  • View offer
    Money back as a bonus up to £40
    Claim this offer
    Money back as a bonus up to £40 if your first racing bet loses + £10 casino bonus. Min deposit £10. Money back as bonus. Wagering requirements: Sportsbook 3x at min odds of 2-5 (1.40), Casino 25x. Only one bonus can be used at a time, Sportsbook bonus must be wagered before using the Casino, unless the bonus has been forfeited. Bonus will expire after 7 days of opt-in. T&Cs apply
  • View offer
    Bet £5 get £20 in free bets
    Claim this offer
    Open a betting account with Coral through our site and when you place your first bet on horse racing (£5 or more) they'll give you £20 in free bets. 18+New UK+IRE only. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cash-out, restrictions & T&Cs apply.
  • View offer
    Bet £10 get £30 in free bets
    Claim this offer
    Open an account with William Hill using promo code P30, bet £10 and get £30 in free bets. Min £10 stake, win only, min odds 1/2, free bets paid as 2 x £15, 30 day expiry, free bet/payment method/player/country restrictions apply. T&Cs apply
  • View offer
    Bet £10 get £40 in free bets
    Claim this offer
    Open a betting account with Coral through our site and when you place your first bet on horse racing (£5 or more) they'll give you £20 in free bets. 18+New UK+IRE only. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cash-out, restrictions & T&Cs apply.
  • View offer
    Bet £10 get £30 in free bets
    Claim this offer
    Open an account with Ladbrokes and place £10 in bets and you'll get £30 in free bets. 18+New UK+IRE only. Paypal & certain deposit & bet types excluded. Min first £10 bet within 14 days of account reg at min odds 1/2 = 6 x £5 free bets. Free bets valid for 7 days, stake not returned, restrictions apply. T&Cs Apply.
  • View offer
    UP TO £50 IN FREE SPORTS BETS
    Claim this offer
    Place a single £10 Sportsbook bet and get money back as a free bet if it loses. There are x5 Free Bets available. Max refund per qualifying bet is £10. Only deposits made via Credit/Debit Card will be eligible for the promotion. T&Cs apply.
  • View offer
    Up to £100 in Bet Credits
    Claim this offer
    Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
  • View offer
    UP TO £50 IN FREE SPORTS BETS
    Claim this offer
    Place a single £10 Sportsbook bet and get money back as a free bet if it loses.There are x5 Free Bets available. Max refund per qualifying bet is £10. Only deposits made via Credit/Debit Card will be eligible for the promotion. Paddy's Rewards Club: Get a £10 free bet when you place 5x bets of £10+. T&Cs apply.
  • View offer
    Bet £5 get £30 in free bets
    Claim this offer
    Open an account with Sky Bet and get £30 in free bets when you place a £5 bet. First single and EW bet only. Odds of 1-1 or greater. 3x £10 bet tokens. Free bet stakes not included in returns. Free bets are non withdrawable. No free bet expiry. Eligibility restrictions. Further T&Cs apply. 18+

William Hill to close 119 shops but will repay £24.5m furlough funds

William Hill: have experienced a "robust recovery" since the return of mainstream sport
1 of 1

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 their 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.

Chief executive Ulrik Bengtsson said he was delighted with the company's performance.

He told the Racing Post: "It has probably been the most difficult circumstances of my and many of my colleagues' professional lives to guide the company through all this. Coming out the way we did and actually making a small profit in the period is incredible.

"We traded really well before the pandemic. During the pandemic we showed great cost control and then we recovered very quickly.

"If you look a little bit further down the numbers I'm really pleased with our online business because they actually grew profit by three per cent in an incredibly difficult period, which is remarkable."

Bengtsson said the furlough scheme had meant they could protect the jobs of 7,000 retail staff and the strength of their recovery meant they would repay the furlough funds received from the government.

William Hill chief executive Ulrik Bengtsson: "During the pandemic we showed great cost control and then recovered quickly"

"I think that's the right thing to do," he added.

Last year William Hill closed 713 betting shops in response to the financial blow from the government's crackdown on FOBTs.

The bookmaker's betting shops were able to re-open after lockdown on June 15 and the company reported "flat" like-for-like net revenue during the last two weeks of the reporting period as the estate began trading again.

However, they said they anticipated that footfall would not return to pre-Covid levels in the longer term and 119 shops would remain closed, with the "majority" of employees affected redeployed in the estate.

Describing the effect of the pandemic on Hills' betting shops, Bengtsson said: "One learning is that footfall is down. Another is the dwell time is down. People don't dwell in the shops in the same way. That is changing behaviour but equally we have seen staking go up. It all has to be seen in the broader context of Covid."

William Hill are merging their UK online and retail divisions and Bengtsson added: "More broadly I think our shops can do a lot more than they do today and as such are a very important part of the ecosystem in the future."

Bengtsson said the return of sport, including racing, after lockdown had an "immediate impact" for the company.

"Overall it is all positive and we are very happy racing is back," he added. "It has always been and is a very important product for William Hill."

Serpentine's Investec Derby win is understood to have been the firm's best result in the race since William Hill were founded in 1934.

Statutory operating profit of £148.5m included recognition of the £201.6m VAT refund the company received earlier this year, offset by an £81.9m impairment of the UK betting shop estate.

In June, William Hill also raised £224 million through a share placement to strengthen their balance sheet and boost their plans for expansion in the US, where they now operate in 13 states.

Bengtsson said: "It's still early days in the US but we feel very confident with our position at this point in time."

Goodbody gaming and leisure analyst Gavin Kelleher described the results as "very reassuring", while William Hill's share price ended the day up nearly nine per cent at 127.6p.


You might also be interested in:

Bookmakers urge rethink on 'crazy' on-course ban on cash betting

Racecourse bookmakers bracing themselves for casualties due to lack of trading

On-course layer Brian Keenan calls for drastic change to the industry

How true is the famous saying 'you never meet a poor bookmaker'?


Ultimate Daily – our daily newsletters from Racing Post's experts, exclusive to the inbox of Ultimate Members' Club subscribers. To receive the newsletter subscribe at racingpost.com/members-club


 

Coming out the way we did and actually making a small profit in the period is incredible
Bookmaker
Price
E.W. Terms
Sporting
BetVictor
Boylesport
RaceBets