Net betting boosts William Hill profits
£133m bet online last year
Posted in e-Business, 11th April 2001 13:31 GMT
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Bookies William Hill is healthily back in the black thanks to Internet betting.
The Net operation took bets from punters in 150 countries and the business counted for seven per cent of turnover. Revenues increased from £10 million in 19999 to £133 million.
For the whole company pre-tax profits rose to £46 million in the year to December 26, against losses of £27.9 million a year earlier.
The company spent £232 million on opening a call centre in Ireland and setting up an off shore betting operation in Antigua for its Net and phone activities. But the company says it's "well advanced" with plans to move things back to the UK now that chancellor Gordon Brown has scrapped the betting tax. ®
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