William Hill profits improved by online betting

19 April 2013
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William Hill said a strong performance in online wagering helped to boost its very first quarter running earnings by 8%.

More sporting bets were made online than in its betting stores, with an increasing number placed through its mobile apps.
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The company said, external that although it had a poor Cheltenham Festival, it had better luck in the Champions League.
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It was the very first time no English football team had remained in the quarter finals given that 1996.

As such, while the quantity paid out to winning bets at the Cheltenham Festival was greater, the money punters placed on English teams 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 best-ever lead to a Grand National, which was won by the 66-1 outsider Auroras Encore.

"It has 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 aim to increase our share and are making significant investments in marketing, technology and people to accomplish that," he added.
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On Monday, competing warned that trading had been even worse than expected in the very first three months of the year.
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The firm blamed a drop in make money from the Cheltenham Festival and lower incomes from high worth gamblers. It included that a high number of cancelled meetings, since of the harsh winter season, had likewise impacted its outcomes.
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Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said: "William Hill's performance and potential customers 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 yohaig code typically pushed customer, however these are challenges which the entire market is dealing with," he included.

Ladbrokes alerts on slower trading

15 April 2013
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