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WILL HILL H.1 DOWN 10 PERCENT

William Hill plc, the UK-listed online and land gambling group, has reported first half earnings down 10 percent, in line with market expectations. Profit prior to finance charges and exceptional items fell to GBP145.1 million (H.1 2007: $287.3 million) in the 26 weeks to July 1. Net profit reached GBP 79.7 million compared to GBP 104.8 million over the same period in 2007.
 
Pre-tax profit fell to GBP 111.1 million from GBP 134.2 million in the prior-year period, despite half-yearly revenues that grew to GBP 493.1 million from GBP 477.3 million in the corresponding period a year ago.
 
CEO Ralph Topping told Reuters news service that the company has registered an interest in buying parts of state-owned bookmaker, the Tote (see previous InfoPowa reports). Topping said the group had expressed its interest to Goldman Sachs, the U.S. investment bank appointed by the British government to examine options for the business.
 
"We met with Goldman Sachs to register an interest as part of the process. If they were going to break up the business to get the best price, we'd be looking for some 'in-fill' outlets - in places where we aren't geographically represented at the moment," Topping said. Topping declined to say how many of the Tote's 540 shops William Hill would be interested in.
 
Competition laws would preclude William Hill from acquiring the business outright.
 
Reuters quotes Topping as saying that he believes the Will Hill business is more resilient now to a recession than it was in the early 1990s when bookmakers' profitability came under pressure.
 
"The business has significantly changed since the 1990s. We've got a wider geographical spread. Back then we were overweighted in London and the South East. Since then our development has been more focused on the provinces.
 
"We're in a stronger position and we've also diversified our product. Back then, we had a big dependency on two products - horseracing and greyhound racing and very little in the way of sports betting."



Gambling News :

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

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