William Hill Reports Strong Quarter

British bookmaker William Hill announced a strong quarter, buoyed by the World Cup. Revenue rose 23 percent and operating profit 89 percent for a 13-week stretch.

Leading British bookmaker William Hill announced strong third quarter figures that should bring the company in at the top of its projections for the year.

Helped by the soccer World Cup, net revenue venue rose 23 percent in the 13 weeks to the end of September and operating profit jumped 89 percent, the bookmaker said in a trading statement.

“The group performed strongly in Q3 driven by both favorable sporting results and the continued development of our UK and international businesses,” the company said in a statement. “Positive sporting results in the quarter, including a strong end to the World Cup, have moved us close to or ahead of normalized gross win margins on a year-to-date basis.”

William Hill reported an 80 percent increase in wagers for the World Cup compared with the 2010 tournament. The company expects operating profits between $551 to $591 million for the year.