William Hill Profit Boosted By Online Bets

Written by:
Aaron Goldstein
Published on:
Jan/19/2011
William Hill

William Hill reported Wednesday that operating profits are set to be at the top end of forecasts.  Strong growth occurred during the first three months of 2010 thanks mostly to a surge in online betting activity.  Online revenue grew by a quarter compared to the same period in 2009.

The bookmaker said full-year operating profits would be about £275m, up from £258.6m in 2009.

"This is strong performance and I am delighted that, in particular, our online business and the gaming machines in our shops continue to see encouraging revenue growth during [the period]," said the group's chief executive Ralph Topping.

Shares in William Hill rose nearly 8 percent following the announcement.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Pay Per Heads Let You Move Your Own Betting Lines

“Full-service” is often times an overused term in business. While it is easy to find companies that make a habit of over-promising and under-delivering on the goods or services they sell, it is the rare company that does the exact opposite.

Bitcoin Surges Above $106,000 on Strategic Reserve Hopes

Bitcoin surged to a record high above $106,000 in early Asian trade on Monday, boosted by comments from President-elect Donald Trump that suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve.

Syndicate

Subscribe to Syndicate
More