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William Hill banks Australian gains

William Hill banks Australian gains

At the half-year results last month William Hill (WMH) had its profits wiped out by a £238m exceptional charge relating to the strategic review of its Australian business. So it’s no wonder shareholders were relieved when management announced the division would be sold to CrownBet Holdings for A$300m (£169m) enterprise value. The proceeds from the deal will be used to pay down debt and invest in the remaining business.

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