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William Hill punters wager on table tennis in sports betting lull
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15 May 2020
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William Hill says its punters have been banking on table tennis because the coronavirus pandemic put paid to a lot of conventional sporting occasions.
The bookmaker stated the sport became part of its offer of "alternative products" for bettors during the lockdown.
Other opportunities for wagers include football in emerging market nations not yet as badly impacted by the infection.
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Looking ahead, the firm stated German football and French horseracing were its finest prospective earners.
Germany's Bundesliga is starting fixtures again behind closed doors this weekend, while racecourses had actually already resumed activities in France.
"While this is clearly a progressing scenario, there are positive signs that some sports betting organisations are thinking about the resumption of live sports betting behind closed doors as early as this summer season," William Hill said.
Revenues down
Countries where football has not been suspended consist of Belarus, which has actually seen its Premier League draw in a new global following as a result.
The announcement came as William Hill unveiled a trading update covering the 17 weeks to 28 April.
It said that in the period to 10 March, before coronavirus curbs started to bite, its performance was "robust", although group incomes were down 5% year-on-year.
From 11 March onwards, however, its revenues fell 57%, because of the lack of live sports betting content.
William Hill said its wagering stores were closed in the UK and US. UK retail staff have actually been furloughed and the bookmaker is topping up their wages to make sure they get 100% of their incomes.
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Drive-thru sports betting
As it looks for to expand its US operations, William Hill has needed to discover innovative ways to get round constraints on gambling in certain states.
In Nevada, people who wish to position bets using mobile phone apps need to sign up personally for the service at a sports betting shop before being allowed to utilize the app.
Since those centers are currently closed, William Hill has established services at a number of places in Nevada.
Would-be punters need to download the app before heading for the drive-thru. To complete the registration process, they need to submit an image of their state ID card and take a selfie with the app.
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William Hill Punters Bet on Table Tennis in Sports Lull
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