Thursday 22 July 2010

Royal Ascot for punters hits profits at William Hill


The World Cup William Hill hailed as one of the best for bookmakers in living memory, but lamented a bumper Royal Ascot for punters who had the added bonus of some fine weather, above.
Group revenues were 3pc higher than last year and the firm expects to report underlying half year profits of £135m, marginally up on last year’s £134.6m.
Chief executive Ralph Topping said the World Cup had been one of the best for bookmakers in 40 years.
He attributed this to the fact that Spain attracted fewer backers than expected after losing their first game. the bookmaker’s online division saw rapid growth, with net revenues up 24pc and operating profit 43pc higher than in the previous year.

But the group’s high street take was hit by a difficult Ascot for bookies, as a succession of favourites charged home.

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