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DATE: May 26 2012
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Poker.co.uk - Poker News Archive

Friday 5th March 2004

William Hill�s Profits Up 77%

The British bookie is in such robust health at the moment that it hardly seems newsworthy these days to report another account of soaring profits. However, Britain�s second biggest bookmaker, William Hill�s, announcement that turnover for the year ended December 2003 was up by 77% still makes pretty impressive reading.

William Hill has benefited heavily from the introduction of fixed odds terminals in its shops, but also from the establishment of person-to-person poker in its online casino in January 2003, and the creation of foreign language websites to help reach a global customer-base progressively throughout the year. Despite heavy competition from the other online casinos on the market, the popularity of William Hill�s suggests that the public prefer to trust their money with a strong, established brand.

William Hill's turnover for the year was �5,945.8m (2002 - �3,365.3m). Gross profit from its interactive operations grew by 55% to �84.9m. Chairman Charles Scott said: 'William Hill has continued to deliver significant profit growth in 2003 and is taking steps to return value to shareholders.'

Source: OnlineCasinoNews

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