1 William Hill Profits Boosted By Online Betting
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William Hill revenues enhanced by online wagering

19 April 2013

said a strong performance in online wagering assisted to increase its first quarter running revenues by 8%.
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More sporting bets were made online than in its betting stores, with an increasing number placed through its mobile apps.
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The business stated, external that although it had a bad Cheltenham Festival, it had better luck in the Champions League.
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It was the first time no English football team had actually been in the quarter finals given that 1996.
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As such, while the quantity paid out to winning bets at the Cheltenham Festival was greater, the money punters put on English groups to progress to the Champions League quarter finals and beyond all entered into William Hill's coffers.
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the yohaig code firm said it had likewise enjoyed its best-ever lead to a Grand National, which was won by the 66-1 outsider Auroras Encore.
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"It has been a successful start to 2013 in trading terms", said president Ralph Topping.
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"Having grown our UK online market share from 10% to 15% over the last four years, we intend to increase our share and are making considerable financial investments in marketing, innovation and individuals to accomplish that," he added.
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On Monday, competing bookmaker Ladbrokes cautioned that trading had been worse than expected in the very first three months of the year.

The company blamed a drop in make money from the Cheltenham Festival and lower profits from high worth bettors. It added that a high number of cancelled meetings, because of the harsh winter, had actually likewise affected its outcomes.

Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, stated: "William Hill's performance and potential customers remain in stark contrast to the difficulties presently being dealt with at Ladbrokes.
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"There are, of course, headwinds, such as the fierceness of competition in the sector and the generally pushed consumer, however these are obstacles which the entire industry is facing," he included.

Ladbrokes cautions on slower trading

15 April 2013