William Hill Online Poker Revenue Down
William Hill, the United Kingdom’s largest bookmaker, reported net poker revenue down 24 percent in the third quarter of 2012. Hill’s online poker platform is tied to Playtech and its iPoker Network, the 2nd most trafficked in the world.
The change is significant compared to last year during the same period.
Sportsbook turnover, on the other hand, was up 27 percent while the casino grew by 2 percent. Bingo was up 6 percent.
William Hill is in the process of attempting to acquire Sportingbet, which is the owner of one of the world’s first online poker rooms, Paradise Poker.
William Hill issued this statement regarding the intent to purchase Sportingbet: “As we announced on 16 October, we are progressing a potential offer in relation to Sportingbet. We are also announcing today that we intend to commence the valuation process relating to the minority share in William Hill Online prior to making a decision on this by the end of the first quarter of 2013.
- Aaron Goldstein, Gambling911.com
