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

1 William Hill Profits Boosted By Online Betting

William Hill earnings enhanced by online betting

19 April 2013

stated a strong performance in online betting helped to enhance its first quarter running earnings by 8%.
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More sporting bets were made online than in its wagering stores, with an increasing number positioned through its mobile apps.

The business said, external that although it had a bad Cheltenham 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 been in the quarter finals given that 1996.
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As such, while the amount paid to winning bets at the yohaig code Cheltenham Festival was greater, the yohaig code cash punters put on English groups to progress to the Champions League quarter finals and beyond all went into William Hill's coffers.
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The firm stated 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 actually been an effective start to 2013 in trading terms", stated president Ralph Topping.

"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 individuals to attain that," he included.
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On Monday, rival bookmaker Ladbrokes alerted that trading had actually been worse than expected in the first 3 months of the year.
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The company blamed a drop in benefit from the Cheltenham Festival and lower revenues from high worth bettors. It added that a high variety of cancelled meetings, because of the harsh winter season, had actually likewise affected its results.
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Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said: "William Hill's performance and prospects are in stark contrast to the problems presently being dealt with at Ladbrokes.
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"There are, obviously, headwinds, such as the fierceness of competition in the sector and the generally pushed customer, but these are challenges which the entire market is facing," he added.

Ladbrokes cautions on slower trading

15 April 2013