Written by :
Aaron Goldstein
Published on :
William Hill reported Wednesday that operating profits are set to be at the top end of forecasts. Strong growth occurred during the first three months of 2010 thanks mostly to a surge in online betting activity. Online revenue grew by a quarter compared to the same period in 2009.
The bookmaker said full-year operating profits would be about £275m, up from £258.6m in 2009.
"This is strong performance and I am delighted that, in particular, our online business and the gaming machines in our shops continue to see encouraging revenue growth during [the period]," said the group's chief executive Ralph Topping.
Shares in William Hill rose nearly 8 percent following the announcement.
- Aaron Goldstein, Gambling911.com
