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WILL HILL SHOWS 22 PERCENT RISE IN REVENUE FOR Q3
Ongoing positive performance from online business and machines.
William Hill Online's operating profit for the third quarter was up 80% on last year, it said in an interim statement earlier today.
Net revenue for the William Hill Group was up 22% on the third quarter in 2009, with earnings before interest, tax, depreciation and amortisation (EBITDA) up 64%.
Retail net revenue grew 16% compared to the same period last year, mainly due to the World Cup.
Following successful results for the quarter, William Hill now expects to deliver operating profit around the top of the range of analyst forecasts.
The online sportsbook saw a 287% increase in net revenue from £6m in Q3 2009 to £23m in Q3 2010, but gaming net revenues fell by 2% due to the impact on casino of the French closure.
Looking forward to next year, the Group "remains cautious in its expectations" due to the "planned VAT increase", the "challenging economic environment" and the potential impact of the public expenditure budget cuts.
Ralph Topping, CEO of William Hill, said: “The Group has performed strongly in the quarter, even taking into account the weak prior year comparatives. We have seen an ongoing positive performance from our growing Online business and from machines which, when allied to a period of very favourable sports results, have driven strong net revenue performance. Whilst a number of macro-economic factors leave us cautious in our expectations for 2011, the Group is very well placed through the final quarter of 2010.”
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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