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Gambling: William Hill 50 percent rise in revenue
The expanded online gambling services offered by UK Internet and land gambling group William Hill plc delivered an impressive rise in revenue of 50 percent, the company revealed this week in releasing its Q1 2009 numbers.
The growth on the Internet side contrasted with telephone betting gross win, which declined by 31 percent due to cancelled race meetings and increased competition.
Company spokesmen said first-quarter trading had been resilient, and that the firm had benefited from favourable horse-racing results in April, which helped offset the impact of race meeting cancellations, down a third due to bad weather. Football betting and gaming machines continued to produce strong performances.
Revenues overall were up by 6.5 percent and retail gross win increased by 2 percent in the 17 weeks to April 28. Over-the-counter gross win fell by 5 percent however, reflecting the cancellations and customer-friendly wager results in March.
Chief executive Ralph Topping said: "Although the economic and competitive environment remains challenging, our results show continuing resilience. Integration of our online business is progressing, with an encouraging increase in the number of customer accounts."
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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.
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.
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.
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