William Hill upbeat on full year

first_img whatsapp Tags: NULL Britain’s biggest bookmaker William Hill said it was confident for the full year after posting a 21 per cent jump in first quarter operating profit led by demand for its onling gambling sites.The company, which has around 2,350 betting shops in the UK and Ireland, said it had also seen increased amounts wagered in its over-the-counter business and through gaming machines.William Hill, which takes over a million bets a day, said the strong performance resulted in group net revenue being up by 11 per cent, with retail revenues up eight per cent and online net revenues up 26 per cent.“We have seen excellent growth across our business in the first quarter, enabling us to remain confident in our expectations for the full year,” chief executive Ralph Topping said in a statement.William Hill said it had seen an over-the-counter gross win margin above the top end of the expected trading range of 17 to 18 per cent.Rival Ladbrokes said earlier in April operating profit rose by 1.9 per cent to £49.2m in the first quarter but warned of an uncertain outlook with the economic climate in Britain set to remaining challenging throughout 2011.Last week, William Hill said it would move into the US gaming market for the first time after agreeing to buy two American sports betting businesses for $39m. Thursday 21 April 2011 3:01 am Share Show Comments ▼ John Dunne whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org William Hill upbeat on full year last_img