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William Hill Sportsbook Profits Surge

August 5, 2012

Shareholders of William Hill plc (WHM.L) were happy as a bug in a rug when they learned that the profits were up 14% over this timeSportsbook Gaming report last year.  Credit for the success has been assigned to the very successful mobile platform efforts which have increased 390% from early 2011.

“Mobile remains a top priority & continues to outperform our expectations. The William Hill Sportsbook app, which has been top-ranked since its launch in the Apple App Store in mid-February, has delivered more than 40,000 new customers. Our rapidly growing mobile business increased to 22 percent of our Online sports betting turnover & 11 percent of gaming net revenue in the first half.” Ralph Topping, chief executive of William Hill.

As you may have read here on recently, Will Hill has a large contract in Las Vegas to handle up to 55% of the mobile betting there. This coupled with their large increase in mobile betting and already established world-wide popularity makes them a solid place to wager as well as a solid stock to have in your portfolio.

Notes: William Hill is a sponsor Sportsbook of ours and only after they were rated “A” did we accept advertising from them.