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I was interested to read today that William Hill was having problems because of the recession.
I was very surprised to see that this wasn't the type of trouble you might expect in such uncertain times, their business is still growing and profitable.
The issue it seems comes down to the banks again - William Hill are looking to review their loan facilities and because of the banks' troubles they can't get such favourable rates. Well, I'm sorry about that but welcome to the real world.
Anyway, you may ask why is this in a digital marketing post? I'm always interested to dig into the numbers on this sort of thing which reveals the following:
Traditional business up 4% on last year
Online business up 10% on last year
Online now accounts for 13% of revenues but more interestingly 20% of profits.
It's another great message about where businesses should be focussing their efforts - online!
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