William Hill’s business boosted by website growth

William Hill- Britain’s largest bookmaker said it expected to report operating profits for the full year of £330 million, up from £276 million the previous year.William Hill's business boosted by website growthIts profit from online activities was up 36% from the previous year.

The company is trying to boost its online presence by buying the Australian arm of online bookmarker Sportingbet and an option on Sportingbet’s Spanish business for £454 million.

“Performance was robust in retail and profits continued to grow strongly in online, with sporting results going in our favour in both channels,” said chief executive Ralph Topping.

The company is currently considering whether to buy out the 29% stake in William Hill Online held by Playtech.

“The company’s progress has been reflected in a share price which has risen 62% over the last year.”

William Hill shares rose 4% in early trading in London.

Shares in William Hill have risen following a trading update that showed more growth from its online business.

February 26, 2013  Tags: , , , , , ,   Posted in: Business Growth, Business Win, Global Business, Growing Sales, Online Sales Growth, Uncategorized, Winning Websites

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