William Hill increased Net revenue in 2016
According to the document, William Hill increased its net revenue by 6% compared to the same period last year.
The document indicated that net revenue from online sector of the William Hill grew by 4%. At the same time circulation of betting online increased by 6%. Net revenue from the land-based betting shops hasn’t changed, but circulation of betting decreased by 5%.
Net revenues in the major markets (the UK, Italy and Spain) has increased by 2%, rates of turnover increased by 9%. In this case the net revenue of the operator in Australia and the United States increased by 59% and 81%, respectively. Growing indexes of turnover in Australia was 42% in the US – 32%.
“In this period we focused on improving the performance of online sector, which helped to achieve efficiency and increase income in international business”, – said the acting Director General of WH, Philip Bowcock. It is noteworthy that William Hill continues to show positive results in the second half of the 2016. Moreover and the company focused on improving the performance online.
The Board of Directors still expects operating profit this year will be £ 260-280 million (about $316-340 million).
It should be noted that the Chairman of the English prominent bookmaker, Gareth Davis is not going to resign, contrary to media reports. He is looking for a permanent CEO. William Hill and Amaya in early October began negotiating mergers and acquisitions. The largest shareholder in William Hill, the company Parvus Asset Management (owns 14.3% stake in the bookmaker), spoke out against the potential merger with the holding. The representatives of the British bookmaker refused to merge ideas and Amaya completed negotiations about the deal.