William Hill Increases Gross Win
By Staff
Despite the wider economic downturn, leading British betting and gaming firm William Hill has issued a trading update reporting that it continued to show resilient trading throughout the whole of last year.

The company stated that gross win had increased by eight percent over that reported for 2007 for the eleven weeks following October 20 while it expects to announce that total gross win rose by six percent for the entire 52-week period.

William Hill said that it expects to release its preliminary full-year results for 2008 on February 27 with anticipated earnings before interest, tax and exceptional of around $403 million.

London-based William Hill provides sportsbetting, poker, casino and bingo services online and implemented several initiatives last year to enhance these activities. One of these saw it successfully launch a new sportsbook at WilliamHill.com at the beginning of December on the Orbis software platform.

The firm revealed that it is also in dialogue with its banks regarding its borrowing facilities, the majority of which are due to mature in March of 2010, and that it is preparing to undertake the refinancing of these in due course.

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