Poker Coverage: Poker Legislation Poker Business Poker Tournaments

William Hill Poker Revenue Down 24 Percent

British Bookie Experiences Slump In Net Poker Revenue In Third Quarter


William Hill Plc, co-owner with Playtech of William Hill Online and William Hill Poker, saw net poker revenue fall by 24 percent in the third quarter of 2012.

The company did not report how much revenue poker contributed to William Hill Online but it is a significant change from third quarter 2011 when net poker revenue grew 14 percent.

William Hill Online, the company’s joint venture with Playtech, owner of the iPoker network, saw overall net revenue grow 18 percent with operating profit up 42 percent to £34.8 million.

Sportsbook turnover was up 27 percent, casino grew two percent and bingo expanded six percent.

William Hill has made an offer to buy Sportingbet, owner of Paradise Poker, in conjunction with Gaming VC and is considering buying Playtech out of its share in William Hill Online.

Sportingbet’s poker product has also suffered a huge slump in recent times.

William Hill said in its interim statement, ““As we announced on 16 October, we are progressing a potential offer in relation to Sportingbet. We are also announcing today that we intend to commence the valuation process relating to the minority share in William Hill Online prior to making a decision on this by the end of the first quarter of 2013.


Most Viewed Articles

1 Former Roulette Dealer Faces Criminal Charges For Telling Gambler About 'Lucky Number'
2 Real-Money Online Poker Coming To California This Month, Tribal Gaming Regulator Says
3 Former Casino Security Guard Allegedly Used Knowledge Of Property To Pull Off $180,000 Heist
4 Dan Cates Reaches $10M In Profits Playing Online Poker
5 Poker Strategy With Ed Miller: Are You Running Bad Or Playing Bad?
6 Lynne Mitchnick, Former Backer Of Poker Pro Lee Childs, Gives Her Side Of The Lawsuit
7 Olivier Busquet Wins European Poker Tour Barcelona €50,000 Super High Roller
8 Poker Strategy With Alan Schoonmaker: Why You Can't Beat Low Limit Games
9 Report: Bag Of Revel Money Goes Missing After Apparently Falling Off Armored Truck's Roof
10 Bradley Cooper, Todd Phillips To Make Film About Real-Life Nevada Extortion Plot