William Hill, the publicly-quoted bookmaker with an online poker business, today issued a trading update which indicated online poker revenue shrank in the fourth quarter of 2011.
The company, which did not give a figure for the rate of decline, said, “Online net revenues grew strongly in the quarter, with year-on-year Sportsbook amounts wagered growth in line with the trends seen in previous quarters and a gross win margin in line with the previous year’s fourth quarter.
“Sportsbook, Casino and Bingo all showed year-on-year net revenue growth, with Poker declining in the quarter.”
This is a reversal of the 14 percent increase the company reported in the third quarter of 2011.
William Hill Poker operates on the iPoker network and the company entered a significant partnership with iPoker owner Playtech in 2009.
