Will Hill debunks speculation it is about to pull out of Australia

Recent rumours circulating in the Australian online gambling market that William Hill plc is about to withdraw in the face of tougher government attitudes, declining profit and taxation threats have been discounted as “completely untrue” in a statement Tuesday from the bookmaker.

The group’s Australian arm recently posted reduced profits of A$7 million on revenue of more than A$1 billion, representing a decline of 60 percent year-on-year (see previous report).

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