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#1 2025-10-20 05:10:12
- GustavoBey
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William Hill revenues increased by online wagering
19 April 2013
William Hill stated a strong performance in online wagering helped to boost its first quarter running earnings by 8%.
More sporting bets were made online than in its wagering stores, with an increasing number positioned through its mobile apps.
the yohaig code business stated, external that although it had a poor Cheltenham Festival, it had better luck in the Champions League.
It was the first time no English football group had been in the quarter finals because 1996.
As such, while the quantity paid to winning bets at the Cheltenham Festival was greater, the cash punters positioned on English groups to advance to the Champions League quarter finals and beyond all entered into William Hill's coffers.
The company stated it had actually also enjoyed its best-ever outcome in 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 chief executive Ralph Topping.
"Having grown our UK online market share from 10% to 15% over the last four years, we intend to increase our share and are making substantial financial investments in marketing, technology and people to accomplish that," he added.
On Monday, rival bookmaker Ladbrokes cautioned that trading had actually been worse than anticipated in the very first three months of the year.
The firm blamed a drop in revenues from the Cheltenham Festival and lower revenues from high worth gamblers. It included that a high variety of cancelled meetings, since of the harsh winter season, had likewise affected its results.
Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said: "William Hill's efficiency and prospects remain in stark contrast to the difficulties currently being dealt with at Ladbrokes.
"There are, obviously, headwinds, such as the fierceness of competitors in the sector and the usually pushed customer, however these are challenges which the entire market is facing," he added.
Ladbrokes alerts on slower trading
15 April 2013
My blog post :: bet9ja's welcome offer
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