On Thursday, William Hill’s trading update revealed that the bookmaker’s gross win had increased by 8 percent year-on-year during the 11 weeks since its interim management statement.
The board expects the earnings before interest, tax and exceptional items to be around £275 million for the year ending on Dec. 30, and a 6 percent uptick in gross win, according to a statement from William Hill.
Analysts with Daniel Stewart & Company said they will retain a bullish view of the bookmaker after viewing today’s results, and also noted the company’s improvements to its online platform.
“With almost all around them suffering in the Travel & Leisure sector, outside gambling, we view this statement as a critical demonstration of gambling’s resilience relative to other areas of the leisure industry,” James Hollins, an analyst with Daniel Stewart & Company, wrote in a note.
William Hill said it expects to release its preliminary announcement of the 2008 full-year results on Feb. 27.