LONDON (dpa-AFX) - Sports betting and gaming services provider William Hill Plc. (WMH.L) reported that group net revenue for the first quarter edged up 1 percent from last year, reflecting a 9 percent growth in online revenues and 10 percent growth in the U.S., with William Hill US continuing to deliver strong wagering growth of 42 percent.
Meanwhile, Retail revenues declined 2 percent and revenues from Australia decreased 11 percent.
Sports betting revenues impacted by largest ever loss-making week in January, while continued strong growth was seen in mobile gaming of 48 percent.
In its trading update for the 13 weeks ending March 31, 2015, the company said group operating profit for the quarter declined 19 percent to 16 million pounds, impacted by 20 million pounds of additional online, telephone and retail point of transaction taxation and and increased rate of machines games duty.
Looking ahead, as the end of the football season draws closer, the company said it has not as yet made up the shortfall arising from the 14 million loss in Week 3 given the relatively weak first quarter sports betting margin.
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