Industry Insight

William Hill

William Hill was one of the first major gaming companies to issue its third quarter results, but the numbers failed to impress investors and the company’s share price fell by 7%.

£23 million in gaming taxes that were not levied last year took a heavy toll on earnings. Online poker fell by 28% compared to the same quarter last year but overall revenue growth in the company’s three key markets of the UK, Spain and Italy was strong.

Exchange rate fluctuations as the euro fell against the dollar also reduced the bottom line numbers, although excluding their effect, William Hill managed solid growth in its main markets.