William Hill Online Mobile Gambling Doing Well

Published Friday, January 17, 2014 - Online-Casinos.com
William Hill Online Mobile Gambling Doing Well

William Hill has been steadily growing and it continues to outperform many of its competitors in the gambling services industry. William Hill plc is one of the largest bookmakers in the United Kingdom and it is listed on the London Stock Exchange.

As of 2 August 2013, it was listed as having a market capitalisation value of £4.07bln. William Hill has been expanding its operations over the years to include an operation in Nevada as well as its acquiring of Tom Waterhouse.com in Australia for up to $110 million, subject to the performance of the business until the end of 2015.

The company recently reported it had good financial results from its sports betting and sportsbook for the 13 weeks from 2 October to 31 December 2013. Technical improvements in its online mobile gambling offering led to a net revenue increase of 14 percent. With an estimated 8.6million customers William is the largest bookmaker in the United Kingdom.

William Hill’s Chief Executive Officer Ralph Topping commented on the growth, “Q4 proved a strong end to the year as we enjoyed continued momentum in sportsbook with 38 per cent more wagered in Q4 on a 13 week basis than last year. This demonstrates our competitive strength in online ahead of the expected introduction of the point of consumption tax in December 2014. We made good progress on key initiatives in the quarter: improving our mobile gaming offer, rolling out the Eclipse gaming machine to over a third of our estate.”

All is not rosy for the firm lately with the new tax regime coming in the U.K. William Hill will have to bite the bullet on taxes if it is remain strong in the U.K.

A £13m loss over the past week due to football results that were "highly unfavourable with an unusually high number of odds-on favourites winning " has set back the firm a little bit.

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