William Hill has reported good year-on-year growth in both retail and online net revenue and operating profit for the first quarter of 2011.
The group reported an 11 per cent increase in total net revenues for the first quarter ending March 29, with online net revenue growing by 26 per cent. In addition to the William Hill online sportsbook continuing to deliver a particularly strong performance, all online gaming verticals also delivered good growth in the period.
Chief executive Ralph Topping commented: "We have seen excellent growth across our business in the first quarter, enabling us to remain confident in our expectations for the full year. It is particularly pleasing that, alongside a continuing strong performance from William Hill online, we have seen growth in both net revenue and operating profit in retail. We have much to look forward to in the existing business and are also excited by the land-based opportunity in the US, where we recently made our first significant investment."
