Hilton Profits Break Records

23 Aug 2004

UNITED KINGDOM – As reported by the U.K. Observer: "Britain's growing obsession with gambling will this week lift hotel and betting firm Hilton Group's six-month profits to record-breaking levels.

"Hilton's betting arm, Ladbrokes, the UK's leading gaming firm, has seen surging profits thanks to the installation of virtual casino machines plus a strong performance from its e-gaming division, in particular online poker. Profits before tax for Hilton are expected to be £170 million, against £110.5m last year.

"…With gambling now a mainstream British leisure experience, bumper profits are being generated, which will prompt calls for a windfall tax on bookies. This will be hugely resisted by the industry, which would threaten to move offshore should the measure be introduced.

"…Gambling firms' profits are expected to rise further following the introduction of legislation next year permitting casinos to install more slot machines with, for the first time, unlimited prizes…"

Hilton Profits Break Records is republished from CasinoCityTimes.com.

Language Support: Your Location: > edit your preferences Home Online Slots Online Casinos Online Poker Online Bingo Backgammon Mahjong & Rummy Skill Games Lotteries Sportsbooks Betting Exchanges Spread Betting Binary Options Live Dealers Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	Hilton Profits Break Records 23 Aug 2004 <a href='http://as1.casinocity.com/adclick.php?n=a21efcd1'><img src='http://as1.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt=''></a> UNITED KINGDOM – As reported by the U.K. Observer: "Britain's growing obsession with gambling will this week lift hotel and betting firm Hilton Group's six-month profits to record-breaking levels. "Hilton's betting arm, Ladbrokes, the UK's leading gaming firm, has seen surging profits thanks to the installation of virtual casino machines plus a strong performance from its e-gaming division, in particular online poker. Profits before tax for Hilton are expected to be £170 million, against £110.5m last year. "…With gambling now a mainstream British leisure experience, bumper profits are being generated, which will prompt calls for a windfall tax on bookies. This will be hugely resisted by the industry, which would threaten to move offshore should the measure be introduced. "…Gambling firms' profits are expected to rise further following the introduction of legislation next year permitting casinos to install more slot machines with, for the first time, unlimited prizes…" Hilton Profits Break Records is republished from CasinoCityTimes.com.