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

earnings increased by online wagering

19 April 2013

William Hill said a strong efficiency in online wagering assisted to enhance its first quarter operating earnings by 8%.
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More sporting bets were made online than in its wagering stores, with an increasing number put through its mobile apps.
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the yohaig code business stated, external that although it had a bad Cheltenham Festival, it had much better luck in the yohaig code 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 quantity paid out to winning bets at the Cheltenham Festival was greater, the money punters put on English teams to advance to the Champions League quarter finals and beyond all went into William Hill's coffers.
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The firm stated it had likewise enjoyed its best-ever lead to a Grand National, which was won by the 66-1 outsider Auroras Encore.
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"It has been a successful start to 2013 in trading terms", stated president Ralph Topping.
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"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 substantial investments in marketing, technology and people to achieve that," he added.

On Monday, competing bookmaker Ladbrokes warned that trading had actually been even worse than expected in the very first 3 months of the year.
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The company blamed a drop in revenues from the Cheltenham Festival and lower incomes from high worth gamblers. It included that a high number of cancelled conferences, because of the severe winter, had also affected its results.
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Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said: "William Hill's efficiency and prospects are in stark contrast to the difficulties currently being dealt with at Ladbrokes.
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"There are, obviously, headwinds, such as the yohaig code fierceness of competition in the sector and the usually pushed consumer, however these are challenges which the entire industry is facing," he added.

Ladbrokes cautions on slower trading

15 April 2013