William Hill Reports Big 2012 Earnings
William Hill reported double digit revenue growth in 2012 thanks to a strong performance from their online division. According to a recently released earnings report, the company’s profits were a whopping $512 million, up from $432 million at this time last year.
The respected UK bookmaker saw earnings in the online and mobile sectors absolutely skyrocket, lifting the whole company along with them. The Las Vegas Review-Journal reported that William Hill’s net revenue from online operations jumped up 30% in just the first six months of 2012 to around $311 million.
In the mobile sector, the company’s investments in mobile sports betting and casino gaming apps paid off handsomely, too. Their take from mobile wagering accounted for 22% of their total take in that sector, while the gaming app accounted for 11% of the total gaming revenue.
William Hill made some big acquisitions in 2012 including the purchase of Sportingbet.com and the Cal-Neva Sportsbook operations in Nevada.
The Cal-Neva purchase, and the securing of a Nevada gaming license, puts William Hill in a good position to add a revenue stream from the United States to next year’s earning report.
Do you think William Hill can sustain this kind of growth? Share your thoughts in the comments section below.