William Hill reports strong Q2 on back of growing interest in online betting.
William Hill, Britain's largest bookmaker, has announced a strong set of figures in the second quarter, thanks largely to continuing growth in its online sportsbook operation.
Hill's Big Quarter
According to Hill's second quarter report, the company's net revenue grew 20 percent compared to the same period in 2012, while operating profit grew by 8%. In particular, online sportsbook net revenue rose by 44%, driving total online net revenue growth of 18% and operating profit growth of 16%.
Strategically, the land-based and online gambling operator continued its growth through a number of acquisitions: it completed the £459m. purchase of Sportingbet's Australian arm in March, the buyout of Playtech's 29% share in their William Hill Online former joint venture in April, and issued a corporate bond valued at £375m. to help pay for its recent activity in June.
Online Sportsbook
Although Hill is a leader in every form of online gambling including casinos and poker, its reputation as the leading player in the sports betting field continues to be the main driver for growth.
After providing bookmaking services to Brits for more than seven decades, Hill has one of the most prestigious online betting brands. William Hill Sports draws online punters for its wide range of betting options, unparalleled promotions, live betting function, live streaming services, and a whole lot more.
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