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William Hill posts higher revenue, boosted by U.S. push, online demand

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(Reuters) - British bookmaker William Hill (WMH.L) on Thursday reported a slight rise in revenue for the 17-week period since its first-half results, benefiting from more demand for online gambling and its aggressive expansion in the United States.

The company, which plans to cut about a third of its betting shops and jobs in Britain, reiterated its full-year expectations and posted a 60% jump in net revenue from the United States, for the 17 weeks ended Oct. 29.

Source - Reuters

Image - Photo © Ian Rainey (cc-by-sa/2.0)

About the author

Philip Scott

Head of Equities, Director

Philip has worked as a Private Client Stockbroker for nearly 20 years, commencing his career in Operations with Rensburg Sheppards (now part of Investec plc) before spending 9 years with Killik & Co advising on and directly managing portfolios. He joined SI Capital in 2006 to head up the Private Client Advisory desk.

Philip is a regular contributor to local media commenting on stock market dynamics and is a Chartered Member of the Chartered Institute for Securities & Investment (MCSI). His RDR qualification gained special recognitionfrom the CISI for achieving the highest combined pass mark in the country for the Investment Advice Diploma in 2012.

“At SI Capital I enjoy being part of a talented team who collectively share the same desire to provide excellence in service.  My focus is to ensure that each client receives effective and optimal management of their assets.”

Philip lives locally, is married with 2 daughters and is an avid sports fan (if now predominantly from the sidelines).  His other interests include music and film.

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