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

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William Hill revenues increased by online betting

19 April 2013
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William Hill said a strong efficiency in online wagering assisted to enhance its first quarter operating profits by 8%.
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More sporting bets were made online than in its betting stores, with an increasing number put through its mobile apps.

the yohaig code company said, external that although it had a Festival, it had better luck in the yohaig code Champions League.
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It was the very first time no English football group had actually remained in the quarter finals considering that 1996.

As such, while the amount paid to winning bets at the Cheltenham Festival was higher, the cash punters put on English teams to progress to the yohaig code Champions League quarter finals and beyond all entered into William Hill's coffers.

The company stated it had also enjoyed its best-ever lead to a Grand National, which was won by the 66-1 outsider Auroras Encore.
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"It has been a successful start to 2013 in trading terms", said primary executive Ralph Topping.
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"Having grown our UK online market share from 10% to 15% over the last 4 years, we intend to increase our share and are making substantial financial investments in marketing, technology and people to achieve that," he included.
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On Monday, rival bookie Ladbrokes alerted that trading had actually been even worse than expected in the first three months of the year.

The firm blamed a drop in benefit from the Cheltenham Festival and lower profits from high worth gamblers. It included that a high variety of cancelled meetings, because of the extreme winter season, had likewise impacted its outcomes.
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Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said: "William Hill's performance and potential customers are in stark contrast to the problems currently being faced at Ladbrokes.

"There are, naturally, headwinds, such as the fierceness of competition in the yohaig code sector and the usually pressed customer, but these are difficulties which the whole industry is facing," he included.
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Ladbrokes warns on slower trading

15 April 2013
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