William Hill Sees Huge Profit Spike

William Hill has long been one of the biggest and most successful bookmakers in England and throughout the world. Reports suggest that the powerhouse might be getting even stronger. The company now has more than 3,000 employees through Yorkshire, and those people are very necessary considering the spike in mobile gambling. Since it released a new mobile platform, William Hill has seen betting increase more than 100-percent through that medium. Sports revenues were up significantly, and overall mobile gambling revenues rose almost 200-percent.

A huge spike in profit
The company’s doing much more than rolling in revenue. It’s also become efficient in its processes, and profit’s the new trend for the owners there. Estimates on the company’s overall profit spike place it somewhere between five-percent and 20-percent. This is especially impressive when one considers the market position of William Hill prior to this spike. The company had already cornered the British sports betting market, and these latest moves signal that it’s putting a stranglehold on the entire industry.

A significant investment in online and mobile gaming
Executives at William Hill have indicated that this news should not come as a surprise. The company has invested heavily in online and mobile gaming, and they understand that this is where the industry is heading. According to a William Hill spokesperson, the gaming industry is about to take off due to technological changes offered by companies just like his. William Hill is planning on putting greater resources into new programs, and it hopes to take even greater advantage of the opportunities that exist there.

An expansion into new markets
In addition to upping its overall total of shops around Great Britain, William Hill is also making moves around the world. The company has opened up its first shops in Australia, and that’s a clear sign of things to come. With greater revenue growth both domestically and abroad, William Hill currently has the cash on hand to invest in new opportunities in those places. It will run into stiff competition with the sports betting outlets that have already engaged the Australian market. Still, William Hill has proven itself as a company that should not be underestimated when it embarks on these types of efforts.

Just as William Hill had success with its mobile betting roll out, it is looking for significant returns on its investments in gaming outlets both in Australia and in other parts of the gambling-friendly world.