LONDON – William Hill group has published details of it's revenue and growth for the third quarter of this year and William Hill Bingo has grown by 58 per cent compared to the same period in 2009. The company, most famous for it's sports bookmaking shops, has experienced solid growth in all of its business arms but there is no doubt that bingo was one of the stars of the show.
In total, William Hill group revenue rose 22 per cent compared to the previous period but the company still has net debts for covenant purposes of over £500 million.
Over the thirteen weeks up to 28th September 2010 online revenues were up 35 per cent as a whole even though the company had to close down the French arm of its online casino business thanks to recent changes in gambling legislation in France. The Sportsbook arm of the online business grew an incredible 287 per cent compared to quarter three in 2009, while bingo revenues grew an impressive 58 per cent compared to the same period.
In total the online part of William Hill's business, including the well performing bingo, contributed £26.3 million of profits to the balance sheet; up nearly 80 per cent on 2009 figures.
Playtech, who run the William Hill Bingo site, had a non-controlling interest in the online business worth£7.5 million.
