William Hill Poker Revenue Down Seven Percent
Company Says Profitability Up Despite Revenue Decline
William Hill Plc, the company which owns the majority share of William Hill Online where the minority share is owned by Playtech, has announced a drop in poker revenue of seven percent in the first half of 2012.
However the company said profitability was up: “…as highlighted at the time of our first quarter results, this reflects a reshaping of this business and we have substantially improved the profitability of the poker product.” It did not give the figure for reveune or profit.
Overall the William Hill Online had a strong first half of 2012 with net revenue expanding 30 percent, operating profit up 23 percent.
Online sportsbook preformed particularly well with amounts wagered higher by 33 percent in the first six months of 2012 and now 220 percent up in the last three years.
The company came before the Nevada, USA regulator last month seeking a license to operate there. The license was subsequently granted.
|1||Report: Dan Bilzerian's Money Is Dirty|
|2||Ivey Says He Was Drunk During Borgata Sessions|
|3||Kroon: Ruling Puts Poker 'In The Backroom Again'|
|4||John Juanda Wins 2015 EPT Barcelona Main Event|
|5||Online Poker: Viktor Blom Has $2.5M Week|
|6||Mina Greco: 'Never Lose Focus At Poker Table'|
|7||Las Vegas Casino Re-Opens Poker Room|
|8||Capture the Flag: Samantha Abernathy|
|9||Crazy Gambling Story: Obama Hustled On Golf|
|10||Finger Wins 2015 EPT Barcelona €25k High Roller|
|1||A Look At The 2015 WSOP ESPN Television Schedule|
|2||Report: Dan Bilzerian's Money Is Dirty|
|3||Online Poker Legend Chad Batista Passes Away|
|4||Cates: Lost $5 Million Playing Poker In Manila|
|5||Ivey Says He Was Drunk During Borgata Sessions|
|6||Former ER Nurse Transitions To Full-Time Poker Player|
|7||Vanessa Rousso Still Competing On Big Brother 17|
|8||Borgata Responds To Poker Pro's Countersuit|
|9||Jason Mercier Wins 2015 SHRPO $25k High Roller|
|10||Kroon: Ruling Puts Poker 'In The Backroom Again'|