william-hill-profits-boosted-by-online-betting

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William Hill revenues improved by online betting
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19 April 2013
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William Hill stated a strong performance in online wagering assisted to increase its first quarter running revenues by 8%.

More sporting bets were made online than in its betting stores, with an increasing number put through its mobile apps.

The business said, external that although it had a poor Cheltenham Festival, it had better luck in the Champions League.
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It was the very first time no English football team had actually remained in the quarter finals given that 1996.
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As such, while the quantity paid to winning bets at the Cheltenham Festival was higher, the cash punters put on English teams to progress to the Champions League quarter finals and beyond all went into William Hill's coffers.

The company stated it had likewise enjoyed its in a Grand National, which was won by the yohaig code 66-1 outsider Auroras Encore.
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"It has actually been an effective start to 2013 in trading terms", said president Ralph Topping.

"Having grown our UK online market share from 10% to 15% over the last 4 years, we aim to increase our share and are making considerable financial investments in marketing, innovation and individuals to accomplish that," he included.

On Monday, competing bookie Ladbrokes cautioned that trading had been even worse than expected in the first 3 months of the year.
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The company blamed a drop in make money from the Cheltenham Festival and lower incomes from high worth bettors. It added that a high variety of cancelled meetings, because of the extreme winter season, had also impacted its outcomes.

Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said: "William Hill's efficiency and potential customers remain in plain contrast to the difficulties presently being dealt with at Ladbrokes.

"There are, naturally, headwinds, such as the yohaig code fierceness of competitors in the sector and the normally pushed consumer, however these are challenges which the entire industry is facing," he included.
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Ladbrokes cautions on slower trading

15 April 2013
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