British bookmaker William Hill reported a 22 percent increase in gross revenues as horse racing results went in its favour.

Bad luck for UK punters brings fortune to William Hill bookmaker giant

William Hill, a major bookmaking company with nearly 1,600 branches throughout U.K. reported a 22 percent increase in gross revenues in the 19 weeks to 11th of May compared with a year ago, as horse racing results went in its favour.

Average weekly profit from each of its fixed-odds betting terminals totalled £400, up from £380 in 2003, according to a BBC news item.

William Hill also offers betting via telephone and the Internet. The company floated on the London stock market in June 2002 and last month entered the FTSE 100 share index of leading UK firms.