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William Hill earnings enhanced by online betting
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19 April 2013
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William Hill stated a strong performance in online wagering helped to improve its first quarter operating profits by 8%.
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More sporting bets were made online than in its betting shops, with an increasing number put through its mobile apps.

The company stated, external that although it had a bad 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 been in the quarter finals considering that 1996.
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As such, while the amount paid to winning bets at the yohaig code Cheltenham Festival was greater, the cash punters put on English teams to advance to the Champions League quarter finals and beyond all entered into William Hill's coffers.

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

"It has been an effective start to 2013 in trading terms", said 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 significant financial investments in marketing, technology and people to attain that," he added.

On Monday, rival bookie Ladbrokes warned that trading had been even worse than anticipated in the very first 3 months of the year.
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The company blamed a drop in earnings from the Cheltenham Festival and lower incomes from high worth gamblers. It added that a high variety of cancelled conferences, since of the severe winter, had likewise impacted its outcomes.
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Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, stated: "William Hill's efficiency and potential customers are in plain contrast to the troubles presently being dealt with at Ladbrokes.

"There are, obviously, headwinds, such as the fierceness of competitors in the sector and the usually pushed customer, but these are which the entire market is dealing with," he included.
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Ladbrokes warns on slower trading

15 April 2013
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