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

1 William Hill Profits Boosted By Online Betting

William Hill earnings improved by online betting

19 April 2013
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William Hill stated a strong efficiency in online wagering helped to increase its first quarter operating profits by 8%.
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More sporting bets were made online than in its betting shops, with an increasing number put through its mobile apps.
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the yohaig code business stated, external that although it had a poor Cheltenham Festival, it had better luck in the yohaig code Champions League.

It was the first time no English football team had remained in the quarter finals given that 1996.
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As such, while the quantity paid to winning bets at the Cheltenham Festival was higher, the cash punters positioned 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 yohaig code company said it had actually also enjoyed its 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", said president Ralph Topping.
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"Having grown our UK online market share from 10% to 15% over the yohaig code last four years, we intend to increase our share and are making substantial investments in marketing, technology and people to accomplish that," he added.

On Monday, competing bookmaker Ladbrokes warned that trading had actually been even worse than anticipated in the very first three months of the year.

The company blamed a drop in make money from the Cheltenham Festival and lower revenues from high worth gamblers. It included that a high number of cancelled meetings, due to the fact that of the harsh winter season, had actually also impacted its results.

Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said: "William Hill's performance and potential customers are in plain contrast to the troubles currently being dealt with at Ladbrokes.
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"There are, naturally, headwinds, such as the fierceness of competitors in the sector and the usually pressed customer, but these are challenges which the entire market is facing," he added.

Ladbrokes warns on slower trading

15 April 2013
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