UK bookmaker William Hill has reported a 15 per cent increase in group net revenues for the first quarter of 2013, buoyed by the continued development of the company’s online and mobile businesses.

William Hill said that group net revenues were boosted by the transition from VAT and Amusement Machine Licence Duty to Machine Games Duty (MGD) on February 1st of this year. Excluding these adjustments, net revenues would have risen by just 11 per cent.

“It has been a successful start to 2013 in trading terms, moving forward with our strategy, expanding into Australia and taking full control of William Hill Online,” said William Hill chief executive Ralph Topping.

Premium subscribers continue here to the full article.

Related