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		</div><p>Betting giant William Hill has posted 2019 profits ahead of expectations, despite closing more than 700 betting shops.</p>
<p>The company reported a 52% decline in adjusted pre-tax profits to £96.5m (€114.7m) for the year to December 31.</p>
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<p>It said the decline was driven by the Government’s crackdown on fixed odds betting terminals (FOBTs), with the maximum stake decreased from £100 to £2.</p>
<p>William Hill said it shut 713 retail stores in the UK during 2019 on the back of the stake increase, but profits were not as heavily impacted as previously forecast.</p>
<p>Its total revenues across the group dipped 2% to £1.58bn (€1.8bn) as it was buoyed by growing markets, such as the US.</p>
<p>US revenue increased by 38% during the year after it launched a new digital platform in the region.</p>
<p>Growth in the region helped to offset UK decline, where net revenue fell 13% on a like-for-like basis, although this was at the higher end of the firm’s expectations.</p>
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<p>William Hill said the closure of shops following the FOBT changes resulted in a £67m (€79m) hit to profits during the year.</p>
<p>The firm said profits for the current year could be impacted by the Gambling Commission’s latest crackdown, which will see online credit card bets banned from April.</p>
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