Betting and gaming operators across the world have always done well in their revenue growth curve. One such firm that experienced growth across its platform is William Hill, a London-based betting and game operator who recently released their Q1 financial results for the 17 week period ending April 2017.
In a statement that was released by the firm on May 2017, it was indicated that the company’s volume of online sportsbook betting was up by 9%, and revenue had also improved by 8%.
Part of this revenue growth is attributed to mobile betting which was sighted as one factor that drove the company’s performance. The widespread availability of Android devices and the ease with which bettors use the Android platform to access betting was a contributing factor to this increase in revenue for the first quarter. Apart from online sports betting, the company also realized an increase in gaming revenue of up to 8%.
UK betting operators are doing well generally
William Hill is focusing on an annualized savings target of £40 million. The firm believes that it is still on course even with the introduction of 10% levy in the industry.
But William Hill isn’t the only betting operator that is enjoying attractive profits at the start of 2017.
Arena Racing Company operates 15 racecourses in the Great Britain. This has given them a chance to own 40% of stake in racing activities across England, Wales, Ireland, and Scotland. Arena Racing Company is owned by 2 betting brothers, David and Simon Reuben.
They recently made it in the list of UK’s billionaires with a net-worth of £14 billion. The two racing tycoons have since enjoyed a revenue increase of £900 million in the last 1 year.
Racing punters looking forward to betting technology
A lot of activities are currently happening in the UK gaming and betting scene. Recent news coverage shade light on one company called Playtech BGT Sports in the UK. The company announced that it was planning to expand its network of self-service betting terminals across the country.
They recently tried out an electronic betting machine at Bangor-On-Dee Racecourse and it was a success. If their operations were conducted on an online platform like Euro Palace online casino, it would have been easier. But since these betting terminals have to be installed on-site, the company had to invest a lot in making this dream a reality. And with this development, the company says that it is ready to roll out that product at Chester Racecourse.
The technology basically eliminates the need of a cashier or a tote on-site when racing activities are taking place. Instead, bettors can place their bets and even read comments directly from the terminals, which eliminate the need to queue up in a line while waiting to be served.
Generally speaking, most entities in the betting and gaming industry are doing well. The industry is leveraging on technology to improve service delivery while also making their platforms comfortable and enjoyable to play at. It’s the reason why Euro Palace online casino and many other online casinos have been doing well. They’ve been innovating.
