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William Hill profits enhanced by online betting
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19 April 2013
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William Hill stated a strong efficiency in online wagering helped to improve its first quarter running revenues by 8%.

More sporting bets were made online than in its wagering shops, with an increasing number placed through its mobile apps.
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The business 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 first time no team had actually remained in the quarter finals because 1996.
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As such, while the quantity paid to winning bets at the Cheltenham Festival was greater, the cash punters positioned on English groups to advance to the Champions League quarter finals and beyond all went into William Hill's coffers.

The company stated 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 actually 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 4 years, we aim to increase our share and are making significant financial investments in marketing, technology and people to achieve that," he included.

On Monday, rival bookie Ladbrokes warned that trading had been even worse than expected in the first 3 months of the yohaig code year.

The company blamed a drop in benefit from the Cheltenham Festival and lower earnings from high worth bettors. It added that a high variety of cancelled meetings, since of the extreme winter season, had actually also impacted its outcomes.

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

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

15 April 2013