Like it or not, with no spectators at racetracks, it is a positive for the sport if big betting firms come through this in decent shape
When William Hill released a trading statement at 8am last Friday which showed a 57% drop in total net revenue in what the firm described as the “coronavirus-impacted” seven weeks from 11 March to 28 April, the news had an interesting effect on its share price. Within an hour, it was up by 9%. Numbers that would, at any other time, have seemed unthinkably, impossibly bad were actually not quite as bad as the market had been expecting.
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