William Hill Punters Bet on Table Tennis in Sports Lull
William Hill punters bank on table tennis in sports lull
15 May 2020
remarks
296 Comments
William Hill says its punters have actually been banking on table tennis because the coronavirus pandemic put paid to many standard sporting occasions.
The bookmaker said the sport was part of its offer of "alternative products" for bettors during the lockdown.
Other chances for wagers consist of football in emerging market countries not yet as terribly impacted by the virus.
Looking ahead, the company said German football and French horseracing were its finest possible earners.
Germany's Bundesliga is starting fixtures once again behind closed doors this weekend, while racecourses had already resumed activities in France.
"While this is plainly a progressing scenario, there are favorable signs that some sports organisations are thinking about the resumption of live sports behind closed doors as early as this summertime," William Hill said.
Revenues down
Countries where football has not been suspended include Belarus, which has seen its Premier League attract a brand-new international following as an outcome.
The statement came as William Hill revealed a trading update covering the 17 weeks to 28 April.
It stated that in the period to 10 March, before coronavirus curbs started to bite, its efficiency was "robust", although group revenues were down 5% year-on-year.
From 11 March onwards, nevertheless, its incomes fell 57%, due to the fact that of the absence of live sports material.
William Hill stated its betting stores were closed in the UK and US. UK retail personnel have been furloughed and the bookmaker is topping up their earnings to make sure they get 100% of their incomes.