Latest News
William Hill posts healthy growth

William Hill, the popular international bookmaker, has recorded strong growth, especially on the online front and in the US market for the 17 weeks up to 24 April.
Revenues from the US market stood out during the period, Which rose by 45% year-on-year while total net online revenue grew by 12% during the first 17 weeks of 2018.
William Hill’s online revenues were also rose, which was boosted by what the company called “very strong football and horseracing results in the early part of 2018,” along with favourable results in both the Cheltenham and Grand National horseracing events.
The company has confirmed that the strong US financial performance was due to a 17% growth in bets being placed. The first 17 weeks of the year play host to a number of important US sporting events, most notably the Superbowl, Masters Tournament and the NCAA’s March Madness tournament.
Total net revenues from William Hill’s retail operations dropped by 4% year-on-year, primarily due to a 13% drop in bets during the period, however, its gross win margin rose by 18.8%.
Revenues from William Hill’s discontinued Australian operations, which were sold to CrownBet in March for $234.3m, dropped by 22% year-on-year during the period.
Speaking about the company’s performance up to this point, William Hill CEO, Philip Bowcock, commented: “William Hill has had a positive start to 2018, making further progress against our strategic priorities to grow UK market share, drive international revenues and deliver key transformation projects.”
“Continued momentum in online and strong growth in the US has driven a good performance during the period. In the UK, an unprecedented run of bookmaker-friendly sporting results led to unusual wagering and gaming trends, which we expect to normalise over time. The sale of our Australia business has further strengthened our balance sheet.
“While we await the outcome of the UK Triennial Review and the Supreme Court’s decision on US sports betting legislation, we remain focused on continuing to deliver a great customer experience, particularly ahead of this summer’s World Cup.”
-
eSports11 hours ago
TEAM VITALITY AND PARIS SAINT-GERMAIN ESPORTS ANNOUNCE EA FC COLLABORATION
-
Africa7 days ago
Racing1 is exhibiting for the first time at the Grand Prix D’Afrique
-
Asia7 days ago
Tesla to showcase Model Y with NODWIN Gaming at the thrilling BGMS Season 4 Grand Finals
-
Compliance Updates7 days ago
SOFTSWISS Compliance Expert Shares Knowledge on AML in iGaming for Sumsub Academy
-
Latest News7 days ago
Åland-Based Gaming Company Paf Becomes Main Partner of the Finnish Ski Association – One of the Most Significant Sponsorship Agreements in the Association’s History
-
Latest News7 days ago
Animo Studios debuts virtual hosts for live table games starting with Stake
-
Latest News7 days ago
Kaizen Gaming data – FC Barcelona the fan favourite to win the Champions League
-
Latest News7 days ago
Week 37/2025 slot games releases