Two major online casino operators report strong results

At least once a month we use these pages at onlinecasino.ie to report on the latest online casino news relating to the online casinos which are widely accessible to Irish casino games players. Clearly our priority would always be to report on any Irish casino news, but in the absence of any new information we usually cast our net a little wider. This month is just such a scenario so we will start with a look at one of the other big players in the Irish online casino market, William Hill. James Henderson their new chief executive has just reported a substantial 89% leap in third quarter growth for the company, with favourable sports results including the World Cup, and improvements in their Australian business as the main contributors. This is in spite of the closure of 82 betting shops owned by the company. The World Cup also seems to have had a beneficial effect on the third quarter results for another online gambling company GVC Holdings, who have also recently reported a strong performance for the period. Last Thursday we also heard from Richard Glynn, chief executive of another major player in the online casino market, Ladbrokes. Having been under considerable pressure for some time because of Ladbrokes’ perceived failure to keep up with William Hill in the online gambling market, Mr Glynn was able to report that profits for the third quarter were up 94% to £ 33million, almost double the £ 17million for the same period last year. Perhaps Ladbrokes have finally turned the corner and are now ready to benefit from the increasing growth in the online casino and online sports gambling market. There are of course still worries for both William Hill and Ladbrokes regarding the substantial hit both companies will take from the new tax regime imposed by the UK government, and Ladbrokes are also proposing to close 90 of their betting shops this year.