underscoring vulnerabilities at a time<\/a> when major European soccer leagues are postponed and the Open Championship and Wimbledon, among other events, are at risk because of COVID-19.<\/p>\nOn a longer-term basis, the company’s dependence on the UK is declining because of its growing presence in the fast-growing US sports wagering market and acquisitions that bolstered its footprint in other parts of Europe.<\/p>\n
\u201cThe Ba3 rating benefits from the company’s (1) relatively strong positions in the UK retail betting industry; (2) significant opportunity for online growth in Europe through MRG and in North America as the number of US states to legalize sports betting grows; (3) strong brand name and the retail segment’s high barriers to entry,\u201d according to Moody’s.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"William Hill saw its credit rating lowered further into non-investment grade territory. Moody’s Investors Service downgraded the British bookmaker to Ba3 from Ba1, while placing the company on review for additional reductions. UK-based sportsbook operators Flutter Entertainment, GVC Plc, and William Hill are forecasting substantial losses this year, as marquee leagues and sporting events around […]<\/p>\n","protected":false},"author":46,"featured_media":132072,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[],"acf":[],"yoast_head":"\n
William Hill Is the Latest Operator to be Hit With Lower Credit Ratings<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n