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.
|1||Alex Jacob Falls Short On Latest Jeopardy|
|2||Judge Sides With High-Stakes Poker Player|
|3||Grandmother Denied $41 Million Slot Jackpot|
|4||Jon Stewart Rips Chris Christie Over Online Gaming|
|5||Jonathan Duhamel, PokerStars Part Ways|
|6||Poker Professional Throws Out First Pitch|
|7||Web Poker: Viktor Blom Loses $340,000|
|8||Join Card Player Poker School, Get Free $15|
|9||Griffin Paul Wins 2015 WPT SHR Poker Showdown|
|10||Paul Leads WPT SHR Poker Showdown Final Table|
|1||Jeopardy Fans Irked By Alex Jacob's Playing Style|
|2||Watch What Happens After This Player Slowrolls|
|3||Poker Player's Unorthodox Strategy Crushes Jeopardy|
|4||Poker Legend Dave 'DevilFish' Ulliott Passes Away|
|5||Alex Jacob Challenged On Fourth Jeopardy Appearance|
|6||Oregon Woman Wins Three Straight Poker Tournaments|
|7||Woman Found Guilty In Poker Player's Murder|
|8||Online Poker: Jean-Robert Bellande Wins $121K|
|9||Alex Jacob Ups Jeopardy Win Streak To Five|
|10||Alex Jacob Falls Short On Latest Jeopardy|