Bookmaker William Hill had a strong first quarter, driven by growth in online betting, with a gross win margin above the expected range.
Group net revenue in the first three months of 2012 was 12% higher than the year before, with bet revenue from the High Street chain of betting shops up 5%, while online net revenue grew by 33%.
Group operating profit was up 19% year-on-year.
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"With positive underlying trends at this relatively early stage in the year, the board remains confident in its expectations for the full year," declared Ralph Topping, Chief Executive of William Hill.
More to follow ...
JH
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