William Hill Profits Boosted By Online Betting William Hill revenues enhanced by online betting 19 April 2013 William Hill stated a strong performance in online betting helped to improve its first quarter operating earnings by 8%. More sporting bets were made online than in its betting shops, with an increasing number placed through its mobile apps. The company stated, external that although it had a bad Cheltenham Festival, it had much better luck in the Champions League. It was the very first time no English football team had remained in the quarter finals given that 1996. As such, while the amount paid out to winning bets at the Cheltenham Festival was greater, the money punters put on English groups to progress to the Champions League quarter finals and beyond all went into William Hill's coffers. The firm stated it had actually likewise enjoyed its best-ever result in a Grand National, which was won by the 66-1 outsider Auroras Encore. "It has actually been a successful start to 2013 in trading terms", stated chief executive Ralph Topping. "Having grown our UK online market share from 10% to 15% over the last 4 years, we aim to increase our share and are making substantial investments in marketing, technology and people to attain that," he included. On Monday, rival bookie Ladbrokes warned that trading had been worse than anticipated in the first 3 months of the year. The company blamed a drop in benefit from the Cheltenham Festival and lower earnings from high value bettors. It included that a high variety of cancelled conferences, since of the extreme winter, had actually likewise affected its results. Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said: "William Hill's performance and prospects remain in stark contrast to the difficulties currently being dealt with at Ladbrokes.