By Laura Scott
- Copyright: Getty Images
Meanwhile bookie William Hill has handed the market some good news.
It said profits for the past year will surpass expectations after it was buoyed by favourable sporting results in December.
The gambling giant said this helped to boost its retail division and increase total group profits.
It said operating profits from continuing operations in 2019 will come in at between £143m and £148m.
Chief executive Ulrik Bengtsson said: "The group has delivered a strong operating performance, ahead of our expectations and against a challenging regulatory backdrop."
Last April, the Government enforced a reduction of the maximum stake for fixed-odds betting terminals from £100 to £2, significantly affecting the revenues of high street betting shops.
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By Callum Tulley
- Copyright: PA
Bookmaker William Hill said online is growing while retail continues to shrink.
In a trading update for the year to date, it said online net revenue climbed 4% while retail net revenue slipped 4%.
However the firm warned that profits will be cut by by £20m in 2018 and £25m in 2019 because "adverse regulatory and tax changes will impact online profit growth".
It said US expansion plans are going well with the firm taking in around $200m in bets in Delaware, New Jersey, Mississippi and West Virginia and through an app in New Jersey.
"Out goal is to be in every state," said chief executive Philip Bowcock.
It predicted that full-year operating profit will be between £225m to £245m.
Yesterday Philip Hammond admitted that he bowed to betting industry lobbying over job losses to delay action on fixed-odds betting terminals.