William Hill reports growth in business

William Hill has reported a strong third quarter after seeing “little evidence” of its business being affected by the economic slowdown.

The group says its total gross win (the amount accrued from losing bets) rose 9% in the 15 weeks to 14 October, leading to a 5% gain for 2008 to date. Over-the-counter business rose by 7% in the third quarter, largely due to favourable sports results.

The bookmaker is to bolster its online business and has bought parts of gambling software company, Playtech. It will supply William Hill Online with casino, poker and other gaming products in exchange for a 29% stake in the operation. William Hill holds an option to buy out Playtech’s holding in four or six years time.

The Playtech deal comes after William Hill abandoned an upgrade of its internet betting operation a year ago. William Hill chief executive Ralph Topping says the agreement with Playtech is a “transformational” step for the company.

Topping adds that he is “satisfied” with the group’s trading in the third quarter and says the business is “not recession proof, but recession resilient”.

Latest from Marketing Week

PLEASE SIGN IN OR REGISTER. IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and inspiration that will help you develop as a marketer and leader.

Register and receive the best content from the only title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work, so we can make Marketing Week more relevant to you.

Register now

THE BEST CONTENT

Our award winning editorial team and columnists will ask the biggest questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we will be your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Dedicated to developing your skills and helping you achieve marketing excellence. Find guidance on leadership, professional development and the latest industry jobs.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here