William Hill owner says UK football stakes slimmer since Euro 2024
The company behind William Hill and 888 has said less cash spent on bets this year and stricter gambling rules helped drag on its sales in the UK.
Evoke said its gaming division had strengthened but sports betting had โlaggedโ over the first half of 2025.
In the UK and Ireland, its biggest market, it made ยฃ588.4 million in revenues, 1.4% lower than the same period last year.
A decrease in sports revenues was partly driven by lower stakes โ meaning the money punters place on a bet โ than last year when the menโs football Euro 2024 tournament happened.
The company also said safer gambling measures, introduced last year to increase consumer protections, were partly behind the decline in online betting.
However, its overall sales, which includes its international operations, increased by 3% year-on-year to ยฃ887.8 million.
Evoke said this was driven by surging sales in Italy, Denmark and Romania.
Meanwhile, the company said it had rolled out 5,000 new gaming machines across its betting shops to help boost the retail division.
It also highlighted efforts to reduce costs across the business, including by using automation and artificial intelligence for elements like player safety and fraud detection.
It comes amid greater cost pressures including from national insurance contributions and the national minimum wage, which both increased in April, and tax changes in Romania.
Evoke reported a pre-tax loss of ยฃ64.7 million for the first half โ narrower than the ยฃ143.2 million loss made last year.
On an adjusted basis, which strips out the impact of what it deems one-off costs, it returned to a profit of ยฃ5.4 million, from a ยฃ29.9 million loss the prior year.
Shares in the business jumped by about 6% on Wednesday morning.
