William Hill Shares Drop 13% Due To Self Exclusions

william hill shares downWilliam Hill shares went down 13% on Wednesday 23rd March after a “weaker than expected online performance“. This sudden drop is suspected to be partly due to an increase of self exclusions during 2016. Another source of issues has been placed with disappointing sporting results.

An increase in self exclusions is a direct effect of the UKGC pushing reality checks on casinos which regularly remind and direct players to self exclusion options if they've been playing on online casinos for an extended period of time. Reality checks like this were made compulsory on all online casinos from November 2015.

William Hill Shares Down

William Hill logoWilliam Hill's losses have been an ongoing problem for the company. Their operating profit in 2015 was down 22% from 2014, reaching £291.4 Million. Analysts had forecast a 2016 operating profit of £307 Million, but it is now expected to fall between £260 Million – £280 Million.

The increasing profit drops have been identified by William Hill as a surge in time-outs and automatic self exclusions during the first months of 2016, after the introduction of the new UKGC rules. A feature of the system is that if players don't respond to the reality check message, they will be automatically excluded from the casino.

Overall, multiple areas of William Hill's business have been suffering, with their online sector alone expected to drop in profits by £20 Million – £25 Million during 2016. Its 2015 profits were already down by 29% from 2014, totaling £126.5 Million.

William Hill noted that self exclusions weren't the only factor, with their sports betting performance singled out as its “worst… results in recent history”. European football and Cheltenham were among the biggest disappointments for William Hill this year.

UKGC Regulation Having An Effect

ukgcThe UKGC's reality checks and self exclusion regulations are certainly making a difference if they can affect William Hill's shares and profits as much as they claim it has.

It'll be interesting to see if online player time-outs are due to consumers genuinely not understanding the new process, or actual legitimate self exclusions. Only time with the system in place will reveal that.

Whatever the answer is, for now, it's certainly ruffled William Hill's feathers as expressed by the chief executive of the company, James Henderson. “Today's statement reflects the combined effect of our assessment of the impact of recent regulatory changes and unfavorable sporting results including the worst results at Cheltenham in our recent history“.

About Harvey

Harvey joined us back in 2015 and has spent his time with us creating our videos, searching out the most interesting news stories and and drafting up helpful guides to aid you in all areas of the gambling world. Whether you're looking for something helpful like a guide to mobile depositing, or something light like a top 5 list of the craziest gambling losses; Harvey will deliver it free of any pointless extra fluff.


It couldn’t be simpler: we keep our ear to the ground and eyes on the web, and report back to you with the newest and most important news from around the mobile casino industry. Whether it’s as simple as new promotions and game or casino releases, or as complex as corporate mergers between key industry players, we’ll let you know about it first. Our news is different to that which you find elsewhere, as we make sure that everything we report has some bearing on the way you play, and helps you get the best out of mobile and online casinos. In our news section you’ll find news about new casinos, new games, new promotions (and promo codes!), the latest huge winners, and weekly roundups which help you quickly stay abreast of the news every Monday.

Leave a Reply

Your email address will not be published. Required fields are marked *