William Hill reveals decline
William Hill’s online sports betting sector has decreased in its H2-to-date period.
UK.- One of the leading sports betting operators in the international market, William Hill revealed that during H2-to-date, operations in the sector have decreased. Major loses were reported by the company’s online sports betting sector in the UK.
Declining results were revealed despite online wagering turnover rising double-digits. The company said that revenue was up 28 percent from the same period last year, thanks to a strong performance by online gaming, continued strong growth in its American market operations, and the Mayweather v. McGregor boxing match.
William’s Hill International operations revealed that the total online revenue was up 6 percent, “driven entirely by online gaming revenue, which rose 14 percent whilst sportsbook fell.”
However, William Hill CEO Philip Bowcock assessed the company’s year so far as “positive across the board.” He celebrated the growth of its online business “thanks to the improvements in product, user experience and marketing we (William Hill) have made.”
The company reported to be on track to make annual savings of £40 million by the end of this year. The group will use that money as part of the business renovation that includes delivering a global technology platform to catch up with rivals in the online betting market.
