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eGaming Society
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William Hill’s positive results

William Hill, an iGaming betting firm based in London revealed their financial results for the first half of 2011 that suggested a 7% increase in net revenues to £567.8 million when compared to last year’s result.

The net revenues from William Hill’s online operations also saw a 23% increase to £152.7 million over last year and those attributable to its land-based retail business also witnessed a 2% rise to £398.8 million when compared to last year.

William Hill also revealed their profit after tax for the first half of 2011 which saw a 33% increase to £102.7 million over last year and their operating profit rose by 9% year-on-year to £147.7 million.

Ralph Topping, William Hill’s Chief Executive Officer stated that “this is an especially strong set of results for William Hill in challenging economic conditions.”

“The comparator period also included part of a World Cup that delivered a record result for us last year. I am pleased with both our online performance, which has been driven by outstanding sportsbook growth and innovations in our in-play and mobile offerings, and the strength of our retail business, which continues to benefit from the popularity of machines and the resilience of over-the-counter betting. We have also made progress on our international growth strategy both in Europe and through the three impending land-based sportsbetting acquisitions we are currently pursuing in the US.

“Looking ahead, although the economic environment continues to be challenging, our offering is very strong and competitive. Our multi-channel business targets the widest possible audience and our positioning on pricing and trading, together with our extensive product range and effective use of new technologies including mobile, combine to present customers with a highly attractive experience. We are performing well and, given our market-leading position, international developments and a pipeline of innovations, we look to the second half of the year and beyond with confidence.”

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