Rank and hill rakes in high profit
Two of the biggest gambling houses in the whole of Britain are celebrating the year 2010 when they broke all records and emerged as the ultimate winners. The countries largest bookie, the William Hill had a 60 percent increase in its profits as sales broke through the 1 million pound barrier. In the meantime there was a fifty five million dollar sale for the Rank group as there was a massive increase for the first time in a decade, in the number of visits to its Mecca Bingo hall. The results registered reflected the reactions of many punters to the great global economic crisis.
William Hill in the year of 2010 offset a fall equaling 3 percent for over the counter sales. This was attributed by the company to the new online betting and new gaming machines that was set by them. There was a 7 per cent rise in the revenue for the bookmaker as the registered total sales was 1071 billion in the last year. The online business of the firm got launched in the year of 2008 and the profit for the same jumped 24 per cent hitting 91 million pound in the last year. Ralph Topping, the boss of the bookmaker was the big winner after he got an 891,000 pound bonus. This added incentive took his perks and pay package to a whopping 1.6 million pound last year.
The boss in his reaction to the increased revenue and sales said that the continued investment made by them on procuring new technology had resulted in their growth. Rank group in a recent development beat the forecast made by City registering a straight 14 percent rise in the profits as sales went up to 568 million pound from 540 million pound. The question that now stands is whether both Hill and Rank be able to continue their run
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