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William Hill punters bet on table tennis in sports betting lull
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15 May 2020
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William Hill says its punters have actually been banking on table tennis because the coronavirus pandemic put paid to most conventional sporting occasions.
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The bookmaker said the sport became part of its offer of "alternative products" for gamblers during the lockdown.
Other opportunities for wagers consist of football in emerging market countries not yet as terribly impacted by the infection.
Looking ahead, the firm said German football and French horseracing were its finest potential earners.
Germany's Bundesliga is beginning components once again behind closed doors this weekend, while racecourses had currently resumed activities in France.
"While this is plainly a progressing scenario, there are favorable signs that some sports betting organisations are thinking about the resumption of live sports betting behind closed doors as early as this summertime," William Hill stated.
Revenues down
Countries where football has not been suspended include Belarus, which has actually seen its Premier League draw in a new global following as a result.
The statement came as William Hill revealed a trading update covering the 17 weeks to 28 April.
It stated that in the period to 10 March, before coronavirus curbs began to bite, its efficiency was "robust", although group revenues were down 5% year-on-year.
From 11 March onwards, nevertheless, its profits fell 57%, due to the fact that of the lack of live sports betting content.
William Hill said its wagering shops were closed in the UK and US. UK retail personnel have been furloughed and the bookmaker is topping up their earnings to ensure they receive 100% of their wages.
Drive-thru gambling
As it seeks to broaden its US operations, William Hill has actually needed to find innovative methods to get round constraints on sports betting in specific states.
In Nevada, individuals who want to place bets using cellphone apps have to sign up face to face for the service at a wagering shop before being enabled to utilize the app.
Since those facilities are presently closed, William Hill has established temporary drive-thru services at a number of places in Nevada.
Would-be punters have to download the app before heading for the drive-thru. To finish the registration procedure, they to send a photo of their state ID card and take a selfie with the app.
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