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Online Casino News: William Hill Sees Increase
by Joanne R Tuesday October 27, 2009 at
10:49 PM
The online casino William Hill has
recently seen a 9% increase in the value
of their shares. What is interesting
about this, is that the online casino
actually had a 3% drop in net revenues
over the past quarter. But their year to
date numbers are up 3% and analysts say
that this is responsible for the jump in
price per share value. It was a shock to
many at the company, needless to say.
The online casino has seen a much larger
payout than usual for their sporting
events, as there have been many gambler
friendly football results as of late.
But they say that they are making it
back on those that took their money and
that it bet it again hoping for a second
positive experience.
They need some good money on horse
racing in July and August, and
especially in September when things
turned around even more so. Their
revenue from their slot machines rose by
4% once again proving that they are the
biggest moneymaker that any online
casino or land-based one could opt for.
The online casino says that retail
betting volumes have increased which
only makes them more positive for the
future. They feel that they are going to
be able to turn it around and increase
the drop in revenue and therefore are
working to earn that 9% increase in
their stock. Analysts say that they have
no doubt that if anyone can do it, it
will be the online casino William Hill.
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