William Hill Pushed Into Loss William Hill pushed into loss by Australia writedown 23 February 2018 William Hill has been pressed into a yearly loss after slashing the worth of its Australian organization. The bookmaker reported a pre-tax loss of ₤ 74.6 m for 2017, compared to a revenue of ₤ 181.3 m the year before. That change was primarily due to a ₤ 238m charge the company required to make a note of the worth of its company in Australia. The writedown follows modifications in guideline - with credit-funded wagering now prohibited in Australia - and a rise in taxation in some states. William Hill is presently performing a tactical evaluation of its Australian business, which is because of be completed by mid-2018. Online boost Despite the hefty write-off pressing the company into a loss, William Hill stated that its underlying performance had enhanced. Net incomes increased 7% to ₤ 1.7 bn, while changed operating earnings climbed 11% to ₤ 291.3 m. William Hill said revenues from its online business rose 13%, which it stated reflected enhancements to its website and marketing. On Tuesday, William Hill was hit with a ₤ 6.2 m fine by the Gambling Commission for breaching anti-money-laundering and social responsibility guidelines. The Commission said the company did not do enough to make sure oversight procedures were effective. As a result, 10 consumers were able to deposit money connected to criminal offenses. In its results statement, William Hill restated that it had actually committed to perform an independent review as an outcome of the findings, and would work to execute any recommendations that emerge. William Hill charge 'might increase' Video, 00:00:55 William Hill penalty 'could increase' 0:55 1 February 2018 Betting shares slide on stake-cut report 22 January 2018