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STRONG HALF-YEAR RESULTS FROM WILLIAM HILL BOOSTED BY INTERNET OPS

Friday August 5,2011 : Solid gains in 26 weeks to end June 2011
 
The Uk's Best Online Casino and land gambling group William Hill plc has produced a strong set of H1-2011 results, with online operations performing particularly well.
 
Financial highlights of the results include:
 
* Net revenue overall up 7 percent to GBP567.8 million (H1-2010 GBP529.9 million)
 
* Online revenues up 23 percent to GBP152.7 million (H1-2010 GBP124.2 million)
 
* Retail net revenues up 2 percent to GBP398.8 million (H1-2010 GBP389.8 million)
 
* Operating profit at GBP147.7 million, an increase of 9 percent over the same period last year.
 
* Pre-tax profit rising 23 percent to GBP126.9 million (H1-2010 GBP103 million)
 
* Profit after tax up 33 percent to GBP102.7 million (H1-2010 GBP77.4 million
 
* Earnings per share up 31 percent.
 
Management noted that the strong performance by the company was at the top end of market expectations, with online sports book performance delivering robust growth, and in-play betting producing a doubling of amounts wagered. Innovations in the group's mobile betting activities had generated a 600 percent growth in revenues in this sector.
 
In retail (land) operations, slips and stakes growth was allied to strong gaming machine growth with gross win per machine per week currently over GBP 900 across an estate of more than 2,350 shops.
 
Advances have also been made on the international scene with impending US acquisitions and the launch of a regulated website in Italy.
 
Good cash generation had enabled management to reduce net debt (for covenant purposes) by GBP39.3 million since 2010 year-end
 
Investors will be pleased with a 16 percent increase in dividend.
 
Chief executive officer Ralph Topping said the results represented a strong performance in challenging economic conditions.
 
"The comparator period also included part of a World Cup that delivered a record result for us last year," he said. "I am pleased with both our online performance, which has been driven by outstanding sports book growth and innovations in our in-play and mobile offerings, and the strength of our retail business, which continues to benefit from the popularity of machines and the resilience of over-the-counter betting.
 
"We have also made progress on our international growth strategy, both in Europe and through the three impending land-based sports-betting acquisitions we are currently pursuing in the US.
 
"Looking ahead, although the economic environment continues to be challenging, our offering is very strong and competitive. Our multi-channel business targets the widest possible audience, and our positioning on pricing and trading, together with our extensive product range and effective use of new technologies, including mobile, combine to present customers with a highly attractive experience. We are performing well and, given our market-leading position, international developments and a pipeline of innovations, we look to the second half of the year and beyond with confidence."



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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