As the £2 stake limit for fixed-odds betting terminals (FOBTs) was introduced last April, William Hill (WMH) took on most of the cost of preparing for it in the year to January 2019. However, even after £922m in exceptional charges, the cost of tighter regulations persisted through 2019. The cost of shop closures and redundancies led to exceptional charges and adjustments of £134m, while adjusted operating profits from existing operations fell 37 per cent to £147m.
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