William Hill sees rise in shares…

Originally Posted on Friday Feb 26 8:55:00 GMT 2010.

Share prices in William Hill, a bookmaker whose name is well known in New Zealand and worldwide, rose by 3.9p to 198.5p, when it was announced that although there had been a slump in its traditional betting, this was partially offset by an increase in revenue from online gambling.

William Hill Online reported 665,000 new accounts over the financial year.  This was an increase of 28%.

Online operations were integrated last year when the group acquired assets from the online software provider, Playtech.

These figures seem to be in line with the general increase in profits from online gambling operations throughout the world.

Although some countries like New Zealand still do not allow online companies to operate within their shores, and America still struggling with the clampdown made during the previous administration, many countries are now seeing the opportunities presented by opening their doors to legal online operations.

This in turn means that the online gambling operations are able to be regulated much more closely, but it also opens up many job opportunities, along with the income this brings.

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