Bookmakers still alive and well

19/01/2011 | By More

William Hill came out with a year end statement today and the headline results were pretty good. Net revenue is expected to come in up 7% on the year delivering EBITDA of around £275m up from £258m in the prior year. Online revenue has grown 24% with sportsbook turnover up 57%.

One other note from the statement was that 47% of scheduled UK racing meetings were cancelled in December.

Full results will be out in late February. It seems traditional bookmakers are coping quite well in the modern marketplace.

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Category: General

About the Author ()

I left a good job in the consumer technology industry to go a trade on Betfair for a living way back in June 2000. I've been here ever since pushing very boundaries of what's possible on betting exchanges and loved every minute of it.

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