first_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Share Wednesday 30 March 2011 8:43 pm Show Comments ▼ whatsapp Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comcenter_img whatsapp KCS-content Ireland braces for stress test IRELAND is due to announce the results of its banking stress tests this afternoon, raising the spectre of further nationalisations, while Portugal, Spain and Greece continue to grapple with their debts.Irish finance minister Michael Noonan will announce at 4.30pm whether the country’s banks have enough capital to withstand future financial shocks.Prime Minister Enda Kenny told parliament yesterday that Noonan will outline the next steps towards a “strong, working, credible banking structure” after the results. Trading in the shares of Bank of Ireland and Allied Irish Banks, the top two lenders, will be suspended today pending their stress test results and any subsequent announcements, to avoid “the possibility of a disorderly market”, the Irish central bank said last night. Analysts estimate the four remaining Irish lenders – Bank of Ireland, AIB, Irish Life & Permanent and EBS – require between €18bn (£15.8bn) and €23bn in additional capital. The government has set aside about €35bn to support the debt-ridden banks. “I think the market is positioned for less [capital than the government has set aside], but it is a pretty enormous figure no matter what,” one trader said.Meanwhile, Spain’s planned merger of its cajas (regional banks) looked close to collapse yesterday after the Bank of Spain ordered the four banks involved to come up with an alternative plan. Three of the partners in the state-backed Banco Base plan voted against the restructuring yesterday. And Portuguese and Greek government bonds underperformed other Eurozone debt yesterday following Tuesday’s ratings downgrades, with their yield and credit default swap curves expected to invert further on bets it was inevitable Lisbon will seek a bailout.Portuguese 10-year yields rose by six basis points to 8.303 per cent, with the three-year debt yielding 8.914 per cent. Five-year Portuguese credit default swaps rose by 15 bps to 565 bps, on track for the highest close on record, according to provider Markit. last_img read more

first_img whatsapp KCS-content JAPAN’S sovereign credit rating received a downgrade threat from US agency Standard & Poor’s yesterday on concern that the cost of the devastating earthquake and tsunami in March will damage its public finances.S&P lowered the outlook on Japan’s long-term rating to negative from stable, meaning a downgrade of its sovereign rating is possible if conditions do not improve.S&P kept Japan’s long and short term ratings at AA- and A-1+ respectively but warned that the bill from the nuclear crisis and two disasters could reach 50 trillion yen (£371bn).Without tax increases S&P said Japan’s government would bear virtually all the costs, pushing its 2011 budget deficit up by two per cent and raising the net debt to 145 per cent of GDP in 2013. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Tags: NULL S&P shifts Japan’s credit rating outlook to negative center_img Share Show Comments ▼ Wednesday 27 April 2011 8:20 pm whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoGundry MD Total Restore SupplementWhat Rice Does to the Human BodyGundry MD Total Restore SupplementUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleUndomoneywise.comKirkland Products That Are Actually Big Brands In Disguisemoneywise.comUndoLiver HealthAdvertisement 1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoiCanAnswerThat.comThe New Volkswagen Atlas Is The Car Of Your Dreams.iCanAnswerThat.comUndolast_img read more

first_imgCasino & games Tech company says deal will “drive significant revenue generation” Nektan has signed its biggest B2B deal to date with the tech company to provide its casino platform to BetVictor. Under the agreement, Nektan has integrated its B2B E-Lite casino platform into the BetVictor casino offering. E-Lite will distribute slots and table games content across three major BetVictor casino brands. Nektan confirmed to iGamingBusiness.com that this is the first time it will be working with an operator the size of BetVictor. The company billed the deal as a “landmark win” for its B2B business.Gary Shaw, who is currently serving as interim chief of Nektan, said the deal with BetVictor will allow the company to “build on the progress” it achieved during the quarter and deliver further growth. Shaw (pictured), who will soon step aside to make way for new CEO Lucy Buckley, said: “It serves as another example of our business model delivering growth throughout each market that we operate in and will help us to build on the progress announced recently in our Q1 trading update.” The agreement comes after Nektan’s impressive performance in the first quarter, during which it was able to post better-than-expected financial results. The firm announced record net gaming revenue of £6.4m (€7.3m/$8.5m) in the three months to June 30, 64.6% up on the previous year, while cash wagering also increased by 40.7% to £178.3m. 16th October 2018 | By contenteditor Subscribe to the iGaming newsletter Topics: Casino & games Tech & innovation Jane Ryan, chief operating officer of B2B at Nektan, also picks up on this, saying that the BetVictor deal will open up more growth opportunities to Nektan. Ryan said: “This landmark partnership is set to deliver commercial opportunities to develop and drive significant revenue generation for Nektan throughout the coming months and beyond.” Nektan recently revealed that it is reviewing offers to invest in its US business, with a tier-one operator partnership set to go live “shortly” in the country as a “pipeline of upcoming opportunities” come to fruition in the post-PASPA era. Tags: Mobile Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Nektan hails ‘landmark’ partnership with BetVictor Email Addresslast_img read more

first_img Pennsylvania fantasy sports revenue hits $2.9m in October Subscribe to the iGaming newsletter DFS AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter US state took over $435,000 in tax from fantasy sports activities Tags: Fantasy Sports Online Gambling 21st November 2018 | By contenteditor Pennsylvania saw fantasy sports revenue grow to $2.90m (£2.3m/€2.5m) in October, a 36% increase on the previous month.Figures from the Pennsylvania Gaming Control Board (PGCB) show that revenue has grown significantly from the $2.13m total in September, with the vast majority generated by daily fantasy sports market leaders DrafKings and FanDuel. DraftKings retained its position as the state’s fantasy sports market leader, with revenue climbing 32% month-on-month to $1.55m, ahead of FanDuel on $1.25m.In a distant third place was SportsHub Technologies, which posted revenue of $41,572. This was a significant improvement on the operator’s performance in September, when its revenue amounted to just $270.49. As a result DRAFT was pushed back into fourth place, despite revenue almost doubling to $36,592.The growth in revenue, which is taxed at 15%, saw tax generated from seven of the state’s nine licensed fantasy sports operators grow 36% to $435,429. Two of the licensees, Full Time Fantasy Sports and Fantasy Football Players Championship, did not generate any revenue during the month.Following the opening of Pennsylvania’s fantasy sports market in May, the state has taken another step towards expanding its gambling market with the launch of legal sports betting earlier this week. Penn National Gaming-owned Hollywood Casino took the first legal bets on November 17, following two days of testing.Sports betting is currently limited to land-based venues, but Penn National has previously said it expects the first online bets to be taken in Q1 2019.Image: Keith Allison Email Address Topics: Finance Sports betting DFS Regions: US Pennsylvanialast_img read more

first_img While most of this year’s M&A action will happen in Europe, some of the largest acquisitions of 2019 are set to take place in the United States.These will include several significant deals, though made for very different reasons than acquisitions on this side of the pond. Indeed, notwithstanding the latest opinion from the US Department of Justice on the Wire Act, some of these discussions are already underway. Since the market opened late last summer, with the exception of one or two deals, most  US-based acquisitions have been minor, some blatantly treading (legislative) water, others testing share price.It is no secret that most asset-based acquisitions in recent months have mainly been made to safeguard share prices rather than as part of longer-term strategic views. From an investor’s perspective, that is a sound rationale. The market is still nascent, the post-PASPA dust has yet to settle, and even the more established brands have experienced launch setbacks – particularly when using third parties.The recent DoJ ruling has further solidified this rationale. A conservative view on US-based acquisition would thus appear to be the best approach. However, the M&A landscape is set to change later this year. A significant increase in private investment is encouraging the middle-tier, privately held European entities to make bolder moves into the US.This won’t necessarily be made via EU-facing brands, but rather via proxy assets, such as those based in Australasia and South America. First off, it’s worth unpicking the underlying narrative from the DoJ opinion. While the immediate interpretation is that of extending the scope of law barring gambling across states, the reality is that the implications are still vague.Legally speaking it will take a while for this opinion to inform new (or especially ongoing) dispute cases and, even then, it’s doubtful if anything at all will change.What’s of immediate interest is how periphery verticals such as daily fantasy sports (DFS) sites will respond to this opinion, as they are likely to claim that the Wire Act was never intended to address such products. The short-term casualties of these Wire Act uncertainties will be payment providers. With uncertainty over whether they will be liable for any upcoming infringements, expect to see significant retreat in inter- (and intra-) state fund-movement support, with newer players deferring their entry, possibly indefinitely, until clarity on the legalities and implications of this opinion are cemented.There is a strong likelihood of a market exit for the more risk-averse contenders, or even an attempt to move offshore again. The implications being that the payment market will regress in the short term and, conversely, present a consolidation opportunity for the stronger, risk-hungry contenders. Regardless, beyond this immediate roadblock, there lies a bigger US play on data, specifically the analytical behaviour of players across games, events and specific target-driven campaigns.Data-driven companies in the US have always enjoyed strong rigour around acquisition, analysis and outcome-generation across numerous verticals.Thus gaming (and gaming-based derivatives) have enjoyed the richness of data coming from such assets.It is anticipated that several acquisitions this year will be data-centric assets, not least because they do not necessarily directly violate any interpretations of this extended DoJ opinion. Further afield, there will be big plays for some of the active gaming and stateside DFS brands. It remains to be seen if these brands will be aligned with a more European base or (as is expected) left to disseminate in their own branding using the newly acquired parent mainly for strategic and marketing capital. A significant portion of the deal-flow will still be ‘Old World’ based, for two key reasons. There are still too many players co-existing in a crowded EU space, and that creates a rich environment for acquisition.Expect at least two significant brand mergers this year, and share prices will be expected to consolidate. Elsewhere, there will be acquisitions of small to medium brands in emerging markets, again by large operators in the European space.Key to differentiation will be showing diversity in emerging markets, with spotlights on South America and Africa, and limited inroads into Asia (not least until the bigger brands figure out how to address China properly). The latest DoJ opinion will do little more than add more noise in the short term.In the meantime, expect to see those data-centric acquisitions in the US and a couple of attempts on key US-heavy brands.Elsewhere, the spotlight will focus on key EU-based brand mergers, as well as leftfield acquisitions into emerging markets. This is shaping up to be a very interesting year, acquisitions-wise. //ends// Julian Buhagiar of RB Capital is an investor, CEO & board director to multiple ventures in gaming, fintech & media markets. He has led investments, M&As and exits to date in excess of $370m. 22nd January 2019 | By Stephen Carter No time to get Wired Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Payments Topics: Finance Sports betting The DoJ’s Wire Act opinion will do little more than add more noise in the short term and significant deals are still in the offing stateside, writes Julian Buhagiar Regions: Europe US Email Address Subscribe to the iGaming newsletterlast_img read more

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Alberta Gaming and Liquor Commission has launched a request for proposals to identify a technology partner to support the potential roll-out of legal online gambling in the Canadian province. Legal & compliance The Alberta Gaming and Liquor Commission (AGLC) has launched a request for proposals (RFP) to identify a technology partner to support the potential roll-out of a legal online gambling service in the Canadian province.The RFP calls for all interested technology suppliers with the ability to power a digital gambling offering to lodge a bid with the provincial regulatory body.The AGLC said it is seeking an online gambling service provider to set up and manage a safe, secure and socially responsible regulated gambling websiteCompanies, which have until February 28 to submit a bid, would be required to build a programme that would enable consumers in Alberta to gamble online via a computer or mobile device.A spokesperson for the AGLC told iGamingBusiness.com that the new site will feature online casino, bingo and poker services. The organisation is also seeking a proponent to integrate to its Western Canada Lottery Corporation lottery service provider to enable residents to purchase lottery products online.The AGLC spokesperson also said that the entire process – from the posting of the RFP to the launch of online gambling – could take between 12 and 18 months. The AGLC expects to announce the successful proponent this summer.The main incentive behind the move is to encourage consumers in the province to gamble with regulated operators, rather than the offshore companies that punters are forced to use due to the lack of regulation.Chara Goodings, senior communications officer at the AGLC, told CBC that about C$358m (£207m/€236m/$268m) is currently spent offshore by Alberta gamblers.Goodings said that regulating online gambling would allow the government to take in a percentage of this spend through taxation. He also said betting with approved operators would help to protect consumers.Alberta and Saskatchewan are the only two Canadian provinces that do not currently offer legal online gambling to citizens.British Columbia, Manitoba, Ontario and Quebec all offer residents a range of online gambling services, while the four Atlantic provinces of New Brunswick, Nova Scotia, and Prince Edward Island, and Newfoundland and Labrador have online lottery systems in place.Image: Santeri Viinamäki Tags: Online Gambling 22nd January 2019 | By contenteditor Topics: Legal & compliance Alberta seeks technical support for online gambling launch Email Address Subscribe to the iGaming newsletter Regions: Canada Albertalast_img read more

first_img Svenska Spel president and chief executive Patrik Hofbauer has called for a ban on the lottery betting industry in Sweden, describing the continued legality of the business model as “incomprehensible.” Svenska Spel chief calls for ban on lottery betting Regions: Europe Nordics Sweden 28th November 2019 | By Daniel O’Boyle Topics: Legal & compliance Lottery Svenska Spel president and chief executive Patrik Hofbauer has called for a ban on the lottery betting industry in Sweden, describing the continued legality of the business model as “incomprehensible.”In a statement posted on Svenska Spel’s website yesterday (27 November), Hofbauer argued that lottery betting operators’ business models would not be permitted in other industries.“It is incomprehensible that [lottery betting] may continue,” Hofbauer said. “I can’t think of any other industry where it’s okay to use competing companies’ products as their own business. The shadow gaming companies cannibalise on well-known lotteries without owning the brands themselves that they market and sell.”Hofbauer said he hoped that this complaint is addressed when the Swedish Gambling Market Investigation Board (Spelmarknadsutredningen) presents its results of an investigation into the country’s re-regulated market, which opened on 1 January 2019.Hofbauer added that he felt that lottery betting, which he referred to as “shadow gaming,” is confusing to customers, who may not realise that they are not simply playing the lottery itself.“‘Deposit 25 SEK and get 100 SEK to bet on Lotto’ advertises, for example, one of the shadow gaming companies,” Hofbauer said. “Only further into the site does it become – hopefully – clear to the player that it is not Svenska Spel’s Lotto or another lotto draw but you are betting on the outcome of the lottery. The shadow game companies simply go low on incorporated brands.”“At the same time, it is very doubtful if customers understand what kind of game they are participating in. You should almost be a game technology expert to understand what betting on the outcome of lotteries means.”Hofbauer said the investigation was important as major reforms such as the Swedish re-regulation can include unintended consequences.“When the new Gaming Act was announced in Parliament in 2018, an investigation was also set up to monitor the effects,” Hofbauer said. “It was a wise decision. As the conditions for a market are fundamentally changed, it is necessary, after a while, to verify that the reforms have really provided the positive effects that the Riksdag [Sweden’s legislature] and the government have wanted to achieve.”“I think everyone is aware that there are sometimes negative side effects of major changes. Often it is about rogue players seeing an opening that the legislature had not foreseen. This does not mean that the re-regulation in itself is bad, only that it is extremely difficult to predict in advance all conceivable loopholes.”Hofbauer said he believed that lottery betting companies also violate the Swedish Gaming Act, which declares that the lottery market should be reserved for public benefit and the state.Hofbauer cited the example of Denmark as one country which already has banned lottery betting.In October, Hofbauer gave his backing to a ban on betting markets that can be influenced by a single player in a match, such as corners and yellow and red cards.center_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Subscribe to the iGaming newsletter Legal & compliancelast_img read more

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Online casino launched in West Virginia yesterday (15 July) with DraftKings’ casino app going live, more than a year after legislation was passed by the state.West Virginia becomes the third state in which Draftkings has launched its standalone casino product, following roll-outs in New Jersey in June and Pennsylvania earlier this week.The Draftkings Casino app offers table games such as blackjack, roulette, three card poker and keno as well as slots, with games from suppliers including International Game Technology (IGT), Slingo and Scientific Games. Players can also access the Draftkings Casino product within the operator’s sportsbook app.Online casino was legalized in West Virginia in March 2019, when HB2934, the West Virginia Lottery Interactive Wagering Act passed into law despite not receiving the signature of Governor Jim Justice. However, emergency rules allowing operators to launch were not approved earlier this year.Read more on iGB North America DraftKings launch heralds beginning of igaming in WV Tags: Mobile Online Gambling 16th July 2020 | By Daniel O’Boyle Casino & games Regions: US West Virginia Email Address Subscribe to the iGaming newsletter Online casino launched in West Virginia yesterday (15 July) with DraftKings’ casino app going live, more than a year after legislation was passed by the state.last_img read more

first_imgThe Big Ten Conference’s Council of Presidents and Chancellors has voted to begin the 2020 college football season on 23 October. However, the remaining three “Power Five” conferences, plus four other Football Bowl Subdivision conferences opted to play slightly shortened seasons instead, with most beginning the season last Saturday (12 September). Read the full story on iGB North America. The conference, mainly covering the Midwest region, last month opted to suspend all fall sports, with the West Coast-based Pac-12 Conference soon following suit. 16th September 2020 | By Aaron Noy The Big Ten said that improvements in testing and information now mean it will be possible for it to also play this Fall. Regions: US The Big Ten Conference’s Council of Presidents and Chancellors has voted to begin the 2020 college football season on 23 October. Subscribe to the iGaming newslettercenter_img Players will undergo daily testing and team test positivity rate and population positivity rate thresholds will be used to determine plans going forward, with a chief information officer for each university to be appointed to oversee this. Big Ten college football to resume from 23 October AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting “The Big Ten Council of Presidents and Chancellors adopted significant medical protocols including daily antigen testing, enhanced cardiac screening and an enhanced data-driven approach when making decisions about practice/competition,” the conference said. Sports betting Email Addresslast_img read more

first_img Subscribe to the iGaming newsletter Shekarabi made the claims at a press conference on 23 April 2020, which was held to address temporary measures, claimed to better protect players, during the Covid-19 pandemic. “The picture of this problematic situation is further strengthened when we see the gambling statistics available. Here, there are indications of increased gambling on the most dangerous games.” Regions: Europe Nordics Sweden The report also cited data from the country’s gambling regulatory authority Spelinspektionen, which showed that betting and gaming sales were down 6% in March 2020. The available figures for April, at the time of the press conference, also showed a decline. The claims and their sources were assessed by the Riksdag’s Constitutional Committee (Konstitutionsutskottet/KU) in its annual review of the Swedish government’s performance. Casino & games 3rd June 2021 | By Marese O’Hagan A Swedish parliamentary committee has criticised claims made by Minister for Social Security Ardalan Shekarabi about a rise in online gambling at the start of the novel coronavirus (Covid-19) crisis. “What we see now is a dangerous cocktail of several circumstances that risk the increase of problem gambling and gambling addiction,” said Shekarabi at the April 2020 conference. “The Minister for Social Security is responsible for his opinions and thus also for the information he provides.” Email Address “The Minister’s statements about the alleged but unfounded increase in online casinos during the pandemic are the main reason why this form of gambling is still subject to very strict temporary restrictions,” said Hoffstedt. In its findings, the KU noted that Shekarabi, in his ministerial position, should only provide correct information from trusted sources. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The regulations included an SEK5,000 (£428/€476/$540) deposit limit that was originally intended to cover all products, before being limited to online casino – as well as limits on playing time and bonus restrictions.The deposit was introduced ostensibly to protect consumers during the Covid-19 lockdowns, and were originally in place until the end of 2020. However, the deadline has been extended multiple times, most recently until November 2021. “The next step must reasonably be for the government to quickly end these restrictions,” he added. “Ministers must have a basis for their statements, it is not enough to say things just because it fits into the policy you want to pursue.” “The review shows that the government has based its statement on information that does not provide space for any definite conclusion as to whether or not gambling had increased,” read the report from the KU. Swedish Minister criticised for claiming igaming increased under Covid Topics: Casino & games Legal & compliance Social responsibility Regulation Problem gambling Responsible gambling Gustaf Hoffstedt, secretary general of the Swedish online industry association Branscheforenigen för Onlinespel (BOS), stated that Shekarabi’s claims led to the deposit cap measures being extended until late 2021. In support of its stance, the KU cited findings from the Swedish state-owned operator Svenska Spel, which had labelled the sources used by Shekarabi as “misleading” two weeks before he made the claims. Tags: Sweden Covid-19 Ardalan Shekarabilast_img read more