William Hill PLC (WMH.L, WIMHF.PK) on Monday provided its Interim Management Statement for the 15 weeks ended October 14, 2008. The company reported solid operational performance by the Group since the half year, and added that the Board remains comfortable with market expectations for the Group.
Total gross win increased by 9% against weak comparatives last year, retail gross win grew by 10%, and Interactive gross win increased by 21%. Telephone gross win, which contributes only around 4% of total Group gross win, fell by 30%, largely due to high roller losses. In International, there are plans to initiate trading in Spain's Basque Region in November. Initial trading from Spain's first outlets has been encouraging.
Separately, the company unveiled the acquisition of certain affiliates of Playtech Ltd. and related assets, as well as the entering into a minimum 5-year software agreement for poker and casino with Playtech. The deal is expected to complete in full in January 2009 and integration is expected to be achieved within 6-9 months of completion.
For comments and feedback: editorial@rttnews.com