Featured

William Hill Posts Huge 2012 Revenues

William Hill Posts Huge 2012 Revenues

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.

William Hill Posts Huge 2012 Revenues

For the third year in a row William Hill saw growth of over 20% 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.

Featured

Raised close to London’s financial district, Ben has always found the world of business and money fascinating. While completing a degree in business studies Ben started writing for his university newspaper and hasn’t stopped since. Over the last decade Ben has gathered a wealth of experience writing about business and the financial markets and he is pleased to be able to share it with you here.

More in Featured

Big Time Journey Slot Collects Winnings Throughout Time

Big Time Journey Slot Collects Winnings Throughout Time

Rachel PhilipsAugust 25, 2015
£2.1M National Lottery Results for Wednesday August 12

£2.1M National Lottery Results for Wednesday August 12

Gemma MarksAugust 25, 2015
Woman Wins £51K Lottery Payout Using Ex-Partner’s Numbers

Woman Wins £51K Lottery Payout Using Ex-Partner’s Numbers

Gemma MarksAugust 24, 2015
Great Britain Advises Against Travelling to Tunisia

Great Britain Advises Against Travelling to Tunisia

Gemma MarksAugust 1, 2015
British Energy Companies To Slash Consumer Rates

British Energy Companies To Slash Consumer Rates

Ben ThomasJanuary 13, 2015
Gambling Act Enforcement Delayed by a Month

Gambling Act Enforcement Delayed by a Month

Gemma MarksOctober 1, 2014
Ladbrokes Adverts Banned Based on Irresponsible Attitudes

Ladbrokes Adverts Banned Based on Irresponsible Attitudes

Ben ThomasSeptember 18, 2014
32Red To Migrate Go Wild Casino Customers Following Database Purchase

32Red To Migrate Go Wild Casino Customers Following Database Purchase

Ben ThomasSeptember 11, 2014
London Casinos Receive New Security Systems From Eyevis UK

London Casinos Receive New Security Systems From Eyevis UK

Rachel PhilipsSeptember 5, 2014