bet9ja.com
William Hill earnings improved by online betting
bet9ja.com
19 April 2013
bit.ly
William Hill stated a strong performance in online wagering helped to increase its very first quarter running profits by 8%.
More sporting bets were made online than in its wagering shops, with an increasing number put through its mobile apps.
The company said, external that although it had a bad Cheltenham Festival, it had better luck in the Champions League.
It was the first time no English football team had actually been in the quarter finals because 1996.
As such, while the quantity paid to winning bets at the Cheltenham Festival was greater, the yohaig code cash punters put on English groups to progress to the yohaig code Champions League quarter finals and beyond all entered into William Hill's coffers.
The company stated it had actually likewise enjoyed its best-ever lead to a Grand National, which was won by the 66-1 outsider Auroras Encore.
"It has been an effective start to 2013 in trading terms", stated president .
"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 considerable investments in marketing, innovation and individuals to achieve that," he added.
bet9ja.com
On Monday, rival bookmaker Ladbrokes alerted that trading had actually been even worse than expected in the very first 3 months of the yohaig code year.
The firm blamed a drop in earnings from the Cheltenham Festival and lower incomes from high value bettors. It added that a high variety of cancelled conferences, because of the yohaig code severe winter season, had also affected its outcomes.
bit.ly
Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, stated: "William Hill's performance and prospects remain in stark contrast to the difficulties currently being dealt with at Ladbrokes.
"There are, naturally, headwinds, such as the fierceness of competition in the sector and the typically pressed consumer, however these are difficulties which the entire industry is facing," he added.
bit.ly
Ladbrokes warns on slower trading
15 April 2013
bit.ly