The internet operations of UK gambling group William Hill plc have once again provided a boost to group revenues against a backdrop of a 4 percent decline in land-based betting shop net revenues.
The gambling group published Q1 2010 key performance indicators, showing group net revenue up a scant 1 percent and EBIT up by 3 percent - due largely to a welcome surge in the bookmaker’s e-gaming division.
Online activities were again an important driver of growth, with net revenue up by 25 percent compared to the first quarter of 2009. William Hill Online – a joint venture with Playtech plc - increased new accounts by a creditable 31 percent and lifted operating profit by 51 percent.
This first quarter delivered a particularly strong performance in online sports betting, with the group’s Orbis-powered sports book platform and in-running betting product contributing to sports’ net revenue growth of 79 percent, due to both higher volumes and an expanded margin of 8.1 percent, up from 6.6 percent in Q1 2009.
Online casino and bingo grew 11 percent and 53 percent respectively, although the bookmaker struggled in a tough and competitive online poker environment which saw net revenue fall 11 percent.
Online EBIT was GBP 23.3 million.
Commenting on the Q1 performance, chief executive Ralph Topping said: “I am satisfied with our performance this early in the year, with an improvement shown in overall retail turnover levels and good growth from William Hill Online in revenues, operating profit and new accounts.
“We have much to look forward to this summer with interest in the World Cup expected to be greater than ever. Kick-off times in South Africa are favourable for our UK and European customer base and we have experienced sustained growth in football betting since the last tournament.
“We continue to maintain a watchful eye on costs and are making significant investment in growing our international online business. I am confident that we are on track to achieve our objectives for this year.”
William Hill’s retail [land] operations fared less well with net revenues down by 4 percent. Gaming machines turnover rose 9 percent, but the OTC gross win percentage fell sharply compared with last year. Gross win fell by 11 percent with operating profit down 13 percent.
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"I would imagine any of the casinso would allow you to withdrawal via BTC as long as you didn't deposit via a method that was also a wallet. Like example if you deposit via Neteller, Skrill, or Pay Pal. I would imagine that they'd want to have you withdrawal back to your wallet. Otherwise if it's a one time use things like a Pay Safe Card or mainly just a strictly deposit option. I would imagine that the casino would be open to sending you, your winnings by BTC. Mainly becuase I would think that sending you BTC would be cheaper than any of the other methods available to them. I know Extreme, Bovada, and Slotocash all have BTC withdrawal options, as I'm sure many others do. I would guess it wouldn't hurt to ask support."READ
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"Good morning Rena and Jade, hope all is well. Really honestly Coinbase and Circle will do you just fine if your not getting a large sum of cash into either wallet. The need for a separate wallet probably isn't necessary. Also if you diversify how you cash out your coins if you do happen to come into a large sum of a win. Will probably help you not get your account closed. Like let say you win $2,000. Cash that out into your wallet. As long as you cash out oh say $500 a week, then know your going to go shopping at Walmart anyways. Buy a gift card for the amount you need at CardCash.com you'll probably be ok even with a big win. (seriously check out card cash anyways, not only do you get gift cards at a discount, but they'll give you even more of a discount for buying the cards in BTC) Just a few hints. Really, honestly the average player probably won't have an issue with either BTC exchange. It's just the big winners are the ones who I fear for. Hopefully your enjoying BTC. It really is a nice way to play at online casinos, mainly because you won't have to worry about your bank asking so many questions. (Especially with those foreign descriptors) Even if they do, you can tell them with confidence that the money you got was from sale of currency. Mainly because Coinbase is legal in the US."READ
"If the wire come directly from Uptown, then it probably came from somewhere foreign and that probably triggered a full investigation. Which sucks, but it does happen especially when the descriptor comes across as funny. As for Coinbase, tell them you sold some currency and coinbase is turning your currency into the US Dollar. Simple as that, and if they do all of there checks on Coinbase. They'll see that there a licensed money transmitter in the US. Everything is on the up and up and there shouldn't be much to question. I suppose, if you have had a high amount of deposits lately that could be cause for them to worry about where your money is coming from. Yet honestly the Coinbase situation does seem a bit odd that they would quesiton that."READ
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