William Hill has posted its full year report for 2012 which shows excellent growth for the year. In particular online net revenue grew 24% to £406.7 million making it the third year in a row that William Hill has seen over 20% growth on its online platforms.
Group Revenue increased by 10% to £1,276.9 million and operating profit rose 18% to £330.6 million.
The good results are partly due to William Hill’s decision to buy out Playtech’s shares in their joint online business; William Hill is also planning to acquire the sportsbook Sportingbet.
The Chief Executive Officer of William Hill, Ralph Topping, said “Today marks a major milestone for William Hill as we propose taking full control of William Hill Online.
This move rounds off a successful 12 months which have seen us take our first steps into the United States and, through the pending Sportingbet acquisition, lay the foundations for growth in the attractive Australian market.”
The group enjoyed particular growth in its mobile sportsbook with turnover increasing by 260%. Last year 32% of all sportsbook betting was done via mobile showing a huge increase in the popularity of the platform.