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William Hill Gambling Profits Decline

Thursday October 3,2013 : WILLIAM HILL DIGITAL GAMBLING PROFITS DECLINE IN Q3-2013
 
One of the group's strongest divisions experienced a 28 percent dip.
 
UK's biggest gambling group, William Hill plc, which recently expanded in both the United States and Australia on the back of excellent online and mobile gambling results has suffered a 28 percent decline in digital division profits despite a boost from mobile operations.
 
The group posted growth in key areas, led largely by Sportsbook operations, but retail (land) operations underperformed.
 
Sportsbook wagers grew 42 percent in the 13 weeks ended October 1
 
The betting firm has reported 42 percent growth in Sportsbook wagers in the 13 weeks ending 1 October, with football Sportsbook wagering especially brisk - up 49 percent; and mobile wagering on Sportsbook up 115 percent.
 
Net revenue for mobile gaming went up 126 percent, with mobile making up 18 percent of gaming net revenue. Retail football staking increased 27 percent in the quarter, although the company reported quiet July retail trading.
 
Group operating profit was down around GBP 24 million, or 31 percent, in the period, and chief executive officer Ralph Topping was upfront in saying that there's no certainty that the shortfall will be made up by the end of the year.
 
William Hill's expansion into Australia appeared to go well, with growth in William Hill Australia strong, and the acquisition of online betting firm Tom Waterhouse extending presence and customer base for the group.
 
Commenting on the results, Topping said:
 
“Online sportsbook staking growth goes from strength to strength, with growth in football wagering accelerating at the start of the new season driven by increased products, successful marketing and a strong focus on our prices and offers ahead of a World Cup year in 2014.
 
“Our intensive attention to the development of mobile online continues to yield results, generating 41 percent of wagering in sportsbook.
 
"During this quarter, results were not as favourable as in the comparable period, with outcomes - particularly in football - going the punters' way.  Consequently, gross win margins are below the prior year in both major channels, and below normalised expectations in Sportsbook. 
 
"Additionally, we saw a disappointing Retail performance in July.  However, football wagering in Retail has grown in Q3 and the rollout of our new Eclipse gaming machine has begun."



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Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

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.

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