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William Hill revenues enhanced by online betting
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19 April 2013
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William Hill stated a strong performance in online betting assisted to improve its first quarter operating revenues by 8%.

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 much better luck in the Champions League.

It was the first time no English football group had actually remained in the quarter finals considering that 1996.

As such, while the yohaig code quantity paid to winning bets at the Cheltenham Festival was higher, the cash punters put on English groups to progress to the Champions League quarter finals and beyond all entered into William Hill's coffers.

The company stated it had also enjoyed its best-ever lead to a Grand National, which was won by the 66-1 outsider Auroras Encore.

"It has actually been a successful start to 2013 in trading terms", stated chief 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 substantial investments in marketing, technology and individuals to achieve that," he included.
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On Monday, competing bookie Ladbrokes cautioned that trading had actually been worse than expected in the first 3 months of the year.
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the yohaig code company blamed a drop in make money from the Cheltenham Festival and lower incomes from high worth bettors. It included that a high number of cancelled meetings, since of the extreme winter season, had actually also affected its outcomes.
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Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said: "William Hill's performance and potential customers are in stark contrast to the difficulties presently being dealt with at Ladbrokes.

"There are, obviously, headwinds, such as the fierceness of competitors in the sector and the yohaig code usually pushed consumer, but these are which the entire industry is dealing with," he added.
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Ladbrokes cautions on slower trading

15 April 2013
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