William Hill Profits Boosted By Online Betting

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William Hill revenues boosted by online betting

19 April 2013
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William Hill said a strong efficiency in online wagering assisted to increase its first quarter operating revenues by 8%.

More sporting bets were made online than in its wagering stores, with an increasing number placed through its mobile apps.
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The company stated, external that although it had a bad Cheltenham Festival, it had much better luck in the Champions League.
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It was the very first time no English football group had actually remained in the yohaig code quarter finals considering that 1996.
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As such, while the amount paid to winning bets at the Cheltenham Festival was higher, the money punters put on English teams to progress to the Champions League quarter finals and beyond all entered into William Hill's coffers.

The company said it had actually also enjoyed its best-ever outcome in a Grand National, which was won by the 66-1 outsider Auroras Encore.

"It has been a successful start to 2013 in trading terms", stated primary executive Ralph Topping.

"Having grown our UK online market share from 10% to 15% over the last four years, we aim to increase our share and are making substantial financial investments in marketing, technology and people to accomplish that," he added.
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On Monday, rival bookmaker Ladbrokes cautioned that trading had been even worse than expected in the first 3 months of the yohaig code year.
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the yohaig code company blamed a drop in make money from the Cheltenham Festival and from high worth gamblers. It included that a high number of cancelled conferences, since of the harsh winter season, had actually also affected its results.

Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, stated: "William Hill's performance and potential customers are in plain contrast to the yohaig code problems currently being dealt with at Ladbrokes.

"There are, of course, headwinds, such as the fierceness of competitors in the sector and the typically pressed consumer, however these are challenges which the entire market is dealing with," he included.
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Ladbrokes cautions on slower trading

15 April 2013