Online Casino Style: News - Will Hill Up, Too

09/13/2010		Online Casino Style - News: Will Hill Up, Too
Home History Games News Dictionary		For financial reports are coming in this week, as William Hill is the latest internet gambling company to release their half-year reports, and celebrating as well for just as Paddy Power and Playtech did before them, William Hill was able to advertise profits up nearly ten percent. William Hill differs from a number of other online gambling companies in that they also have substantial land-based venues, which continue to do well in the UK sports betting division. But the profits that pushed William Hill up this past six months largely related to their online gambling options. Net profit was up 9.9 percent to a very solid £64.5 million, with net revenues generating to 529.9 million, an increase of 2.8 percent. According to the statement that accompanied the company’s report, the lack of business coming into their land-based venues was more than offset by the revenue generated by the internet-centered options. "We are on track to deliver against the board's expectations for the full year but we remain cautious moving into 2011 given the ongoing consumer uncertainty," said CEO Ralph Topping, who presented the statistics to investors this week. He made a point to highlight a number of other numbers, such as the net revenues from their online offerings, which jumped 24 percent to £124.2 million. William Hill Online saw a dip in the horse racing division, but it was balanced by the large football betting that came in during the month of June, linked to the World Cup tournament in South Africa. Though the online casino works are attracting the most business, William Hill hasn’t forgotten their other customers, as they are working as well to restructure their telephone systems to better service their customers. "This is a positive first half performance, driven by William Hill Online and, in particular, a very strong sportsbook,” said Ralph Topping. “We had our best ever World Cup, far exceeding expectations.”

09/13/2010

Online Casino Style - News:
Will Hill Up, Too

For financial reports are coming in this week, as William Hill is the latest internet gambling company to release their half-year reports, and celebrating as well for just as Paddy Power and Playtech did before them, William Hill was able to advertise profits up nearly ten percent. William Hill differs from a number of other online gambling companies in that they also have substantial land-based venues, which continue to do well in the UK sports betting division.

But the profits that pushed William Hill up this past six months largely related to their online gambling options. Net profit was up 9.9 percent to a very solid £64.5 million, with net revenues generating to 529.9 million, an increase of 2.8 percent. According to the statement that accompanied the company’s report, the lack of business coming into their land-based venues was more than offset by the revenue generated by the internet-centered options.

"We are on track to deliver against the board's expectations for the full year but we remain cautious moving into 2011 given the ongoing consumer uncertainty," said CEO Ralph Topping, who presented the statistics to investors this week. He made a point to highlight a number of other numbers, such as the net revenues from their online offerings, which jumped 24 percent to £124.2 million.

William Hill Online saw a dip in the horse racing division, but it was balanced by the large football betting that came in during the month of June, linked to the World Cup tournament in South Africa. Though the online casino works are attracting the most business, William Hill hasn’t forgotten their other customers, as they are working as well to restructure their telephone systems to better service their customers.

"This is a positive first half performance, driven by William Hill Online and, in particular, a very strong sportsbook,” said Ralph Topping. “We had our best ever World Cup, far exceeding expectations.”