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Great 2012 For WIlliam Hill

Thursday May 9,2013 : 2012 A MILESTONE YEAR FOR WILLIAM HILL PLC
 
Chairman pays tribute to management...and says that Ralph Topping will remain in charge
 
William Hill plc chairman Gareth Davis, speaking the gambling group's agm Thursday, paid tribute to the company management, which he said had delivered another milestone year....and he had good news for investors; the popular and successful chief executive of the company, Ralph Topping, has agreed to remain in charge until at least 2015.
 
The Group delivered a strong performance last year, with revenues up 12 percent, operating profit up 20 percent and the full-year dividend per share up 17 percent.
 
The company also successfully pursued an aggressive expansion program, acquiring Sportingbet Australia and taking full control of William Hill Online after a long partnership with Playtech in the venture. Consequently, the company entered the FTSE100 on May 1 2013.
 
Davis said that Topping had indicated to the Board that he was prepared to continue as CEO until at least the end of 2015.
 
"At the time of announcing in June 2011 that we would be retaining Ralph’s services until at least the end of 2013, I indicated the critical importance of keeping him in the business given his extensive experience over 43 years with William Hill," Davis said.
 
"I am delighted he plans to stay longer as I believe he remains uniquely qualified to lead the Group through this on-going transformational period, particularly to maximise the opportunities in Australia and in digital.
 
“The Board is delighted that Ralph will remain with the Group for the coming years as we continue to manage the succession planning for the chief executive role. Our preference is always to look internally first for candidates and we are developing a cadre of talented senior management. At the same time, we are continuing to scan the external market to ensure we have the widest range of options open to us at the appropriate time."
 
Topping himself commented: "I am very pleased by the progress we have made at William Hill over the last five years and the value we have generated for shareholders. We now have significant opportunities to transform this business, with more of our revenues and profits than ever before coming from online, from mobile and from international territories."

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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