More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com THE Association of British Insurers (ABI) has warned the UK’s top 350 public firms against offering executive pay deals with unlimited bonuses. An ABI letter sent to all FTSE 350 firms warns that its institutional voting information service (IVIS) would issue a “red top” alert on uncapped pay deals where there was no proof of exceptional circumstances. Shareholders have become increasingly alarmed by new contracts, which appear to have no limit on bonuses, the ABI said. Tags: NULL KCS-content whatsapp Share Sunday 6 February 2011 10:30 pm whatsapp ABI warns on bonus payouts Show Comments ▼
Man Group wins €1.2bn mandate by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia whatsapp Tags: NULL KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel 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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapp MAN Group has won a mandate to run €1.2bn (£1bn) for German pension fund BVK, as the world’s biggest listed hedge fund firm tries to woo clients after bleeding assets during the crisis.The mandate, first mentioned in Man’s January trading statement without identifying the client, will see Germany’s largest public pension fund, Bayerische Versorgungskammer invest this year in so-called managed accounts – portfolios where the investor still controls the assets.Man will provide services such as operational due diligence and risk management, although BVK will choose which hedge funds it invests in.Man, which last year bought smaller rival GLG to bulk up assets and reduce dependence on computer-driven funds, has been struggling to keep pace with the $1.9 trillion hedge fund industry’s revival since the credit crisis.In January, the firm revealed it had seen $1bn of net client outflows in its third-quarter, mainly due to one redemption of more than $1bn from an investor switching out of European equities.Shares in the alternative fund manager edged up 0.7 per cent to close at 282.45p yesterday. Show Comments ▼ Tuesday 8 March 2011 7:51 pm Share
News Corp ups ante on BSkyB whatsapp whatsapp Show Comments ▼ Tuesday 8 March 2011 7:25 pm KCS-content Tags: NULL Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap NEWS Corp chief operating officer Chase Carey upped the ante yesterday in negotiations to buy BSkyB, claiming his company has already offered a “fair price” of 700p.The BSkyB board has previously hinted it will recommend a bid of over 800p a share but the broadcaster has continued to strengthen its position since then, hitting its target of 10m subscribers and increasing its first-half profits by 40 per cent year-on-year.Carey said News Corp is still focused on getting the proposed transaction through regulatory clearance and said his company had already valued BSkyB fairly.But BSkyB investors including Fidelity, which owns three per cent, and hedge fund boss Frank Brosens, who owns 1.18 per cent, are hoping to push the price as high as 950p a share. BSkyB shares closed yesterday at 828.50p, up from 763p just a month earlier.Talks between the two sides were broken off while regulatory clearance was sought, with culture secretary Jeremy Hunt finally giving the green light earlier this month.
Pinewood gains on bid rumour Monday 11 April 2011 7:38 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo whatsapp SHARES in Pinewood Shepperton yesterday climbed over the initial takeover offer of 190p per share by majority shareholder Peel Holdings, rising 9p to close at 194.5p .The higher share price follows yesterday’s prediction by a source close to the deal that Peel will be forced to pay between 220p and 225p per share to take control of the film business, of which it holds a 29.7 per cent stake.Last Friday, Pinewood confirmed it had received an offer of 190p per share from Peel, but declined to make any further comment.The sole banking adviser on the potential deal is JP Morgan Cazenove, led by Bronson Albery, a director at the firm, who advised on Pinewood’s IPO in 2004.The takeover bid follows a troubled period for Pinewood, whose second-largest shareholder Crystal Amber last year made a public demand for chairman Michael Grade to step down due to “poor stewardship”.However, if Pinewood is delisted following a takeover, Grade’s chairmanship will become a “non-issue” when the post comes up for re-election at the end of June, according to an analyst. He said: “If Pinewood moves into new ownership, Michael Grade’s position becomes a matter for the new owner, not the stockmarket.” Share whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org KCS-content Show Comments ▼ Tags: NULL
US debates over the use of data and mandated integrity fees are threatening to destabilise the landscape over in Europe, writes Scott Longley Sports betting An evolving debate around data AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe US Email Address Topics: Sports betting Tags: Online Gambling US debates over the use of data and mandated integrity fees are threatening to destabilise the landscape over in Europe, where official data is not the only game in town, writes Scott LongleyAn interesting side plot to the debate taking place in the US over the use of sports data and demands from the sports rights-holders for mandated integrity fees is the way the arguments are now also being played out in Europe.The backdrops to the arguments on both sides of the Atlantic are of course very different, with the position of the rights-holders in Europe and the US far from analogous.In Europe, the existence of the EU database right means the sports-betting industry has been able to source its data from a relatively open and competitive supply market.Such is the situation as it currently stands. Yet as comments made at a gaming conference hosted by the law form CMS in London in January made plain, the situation is not wholly stable.Speaking on a panel, Adrian Ford, the general manager at Football DataCo, pointed out that if a sport wants to “recognise the betting industry,” there is “no reason why it shouldn’t get some sort of commercial return for it.“The logic is that it’s their game; sport is commercially about rights and I don’t think this is any different. Equally, I know this has been played out in the States, but there is an integrity risk and therefore reputationally, if there is an issue with betting on your sport, you are going to cop it.“So, for lots of reasons, sports shouldn’t shy away from saying it’s not unreasonable to have a relationship with betting and that should have some commercial aspect to it.”How much is too much? Except, of course, as the bookmakers would argue, any deals on data should be seen in the broader context of all the commercial relationships that exist between sport and betting, including advertising, shirt sponsorships and betting partnerships.It all adds up to a substantial transfer of money. At the CMS conference, Michael Short, legal counsel for sports management giant IMG, said that sports should “share in the commercial upside from betting.”However, if this means (as is rumoured) being asked to pay £1m for the data rights to PGA golf, as is currently being hawked around by IMG, then neither party should be too surprised if the response, as one source suggested, might be a blunt “bugger off.”As many have pointed out previously, there is a value to the sports data that is the lifeblood of the bookmakers. But perceptions of what that value is differ, by sport as much as anything but also according to ease of access.For instance, the PGA likely feels it can ask for a big number from operators as the official data for shot-by-shot, hole-by-hole in-play golf betting can only come from the official trackers on course.Yet, the question of how many operators will feel the need for a truly in-play golf product is as yet unanswered, and if the response recorded earlier to the rumoured data fee is prevalent among many bookmakers then that will likely remain the case.Back with the current roster of known in-play winners, the arguments are perhaps more nuanced.Establishing value With regard to most coverage of football and tennis, the official data source is not the only game in town. As has been said many times by established providers such as Sportradar, when there is an economic case for investing in official data, as with their recently completed deal with the MLB for instance, then the rights-holders will likely find a willing audience for discussions around a fee for access to their content, provided that its value can somehow be protected.Likewise, if the official data is wrapped up in a deal for AV rights, then there will definitely be buyers – even if the actual value of the data is often obscured within the value of the streaming rights.But beyond that, the proliferation of data supply providers and the ease with which relatively basic technology can be wielded in order to legitimately obtain and transmit data from source to bookmaker means that attempting to confine operators to official sources is destined to fail.A likelier long-term route to establishing the value of data comes from data complexity. The more widespread adoption of the statistical side of sports in Europe and the likely evolution of BetBuilder-type products points to the greater use of data by the consumer.Newer products from the suppliers such as Opta’s new Fast Player feed and Sportradar’s Match Tracker offering are designed to offer the end consumer greater insight into the game from the data available.If these match up with developments in the product, such as BetBuilder, then the centrality of the data is enhanced. This has implications for rights-holders, suppliers and operators alike and suggests that negotiating the value within this chain will continue to be a complex process.For more on the data supply market, see the Game State 2019 report written by Scott Longley and Mark Israney and Marc Thomas from Propus Partners and published by iGaming Business as a standalone reportScott Longley has been a journalist since the early noughties covering personal finance, sport and gambling. He has worked for a number of publications including Investment Week, Bloomberg Money, Football First, eGaming Review and Gambling Compliance 4th March 2019 | By Stephen Carter Subscribe to the iGaming newsletter
17th July 2019 | By contenteditor Topics: Casino & games Legal & compliance Slots The Federal Court of Australia has set a new date of September 4 for the first case management hearing over an intellectual property rights infringement dispute between Aristocrat Technologies and Ainsworth Game Technology.The Court had been due to hear the case today (July 17), but this has now been changed to later in the year, with both parties required to file and serve their defence to the statement of claim and any cross claim by August 28.The Federal Court has not disclosed the reasons behind the switch.Earlier this month, Aristocrat filed legal action against Ainsworth, accusing the gaming machines and content provider of infringing on its intellectual property rights.Aristocrat cited a breach of Australian Consumer law, but Ainsworth denied the accusations, vowing to “vigorously defending the claims made by Aristocrat in these proceedings”.Court papers on the filing have not yet been made available, but reports in the Australian media suggest the case is in relation to technology Aristocrat has developed for its Lightning Link slot machine.Aristocrat has alleged that Ainsworth has used this technology in its own gaming machines.September’s first case management hearing will commence at 9:30am local time in New South Wales.Image: verkeorg Casino & games Tags: Slot Machines Email Address Aristocrat-Ainsworth IP infringement hearing switched to September Subscribe to the iGaming newsletter Regions: Oceania Australia The Federal Court of Australia has set a new date of September 4 for the first case management hearing over an intellectual property rights infringement dispute between rivals Aristocrat Technologies and Ainsworth Game Technology. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter
Tags: Online Gambling Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Topics: Finance Legal & compliance Betway has agreed to pay a record settlement worth £11.6m (€13.2m/$14.9m) after the GB Gambling Commission found the igaming operator had breached a number of social responsibility and money laundering regulations related to high-spending customers.The case focused around the activity of seven ‘VIP’ players between November 2014 and November 2017, following complaints from customers and other agencies. The Commission said three of the customers were the subject of police investigations, which found that stolen money had been spent with Betway.During its investigation, the Commission said it identified “systemic historical failings” in the how Betway identified and interacted with customers at higher risk of money laundering and problem gambling.Commission executive director Richard Watson said that the operator’s actions ultimately suggested there was “little regard for the welfare of its VIP customers or the impact on those around them”.According to the regulator, these failings stemmed from inadequate anti-money laundering (AML) and social responsibility policies and processes and senior management oversight. As such, the regulator said, Betway had ineffective controls to identify customers at risk of gambling harm or money laundering.In terms of specific failings, the Commission noted one example where Betway failed to carry out a source of funds checks on a VIP customer who deposited over £8m and lost more than £4m during a four-year period. There were 51 occasions on which Betway should have initiated an interaction with the customer, but it only did so on 12. The person’s account was only shut down once the operator was contacted by the police.Meanwhile, one customer held 11 separate accounts with Betway and deposited more than £494,000 over a period of one year and five months. Betway carried out 18 reviews of these deposits, but did not check the player’s source of funds as the customer failed to trigger its financial thresholds in place at the time. The player in question was subsequently convicted of fraud.Another customer deposited and lost £187,000 in two days, with Betway failing to carry out effective social responsibility interactions with the player in that time. In addition, one player deposited £1.6m and lost more than £700,000 over three years – a period during which he was unemployed.Focusing on the specific failings, in terms of failure to identify problem gambling behaviour, the Commission found Betway in breach of social responsibility code provision 3.4.1(1). This requires licensees to have effect policies and procedures for customer interaction where there are concerns their behaviour may indicate problem gambling.Betway accepted it had failed in its duties as it did not implement a customer interaction policy until April 2015, while this did not have a specific provision for VIP until January 2017. The operator also said these policies and procedures in place did not always prompt effective interactions with at-risk customers.Meanwhile, the Commission’s investigation identified weaknesses in Betway’s AML controls between 2014 and 2018, and found the operator in breach several of its licence conditions.Firstly, licence condition 12.1.2 (1) requires holders to have and implement the measures required by the Money Laundering Regulations 2007, superseded by new regulations introduced in 2017.Betway agreed it had failed in its duties, saying that it did not conduct sufficient ongoing monitoring of its business relationship with customers, nor did it apply enhanced customer due diligence and ongoing monitoring when customers were spending high amounts.The operator conceded that it had not kept full records of the evidence and supporting documents for due diligence checks, nor did it establish appropriate and risk-sensitive policies to stop money laundering and terrorist financingAlso in relation to money laundering, the Commission found Betway in breach of licence condition 12.1.1 relating to the prevention of money laundering and terrorist financing.Betway accepted that, between November 2014 and December 2018, it did not have adequate AML controls in place. The operator said its risk assessments were not appropriate, while its AML policies and processes were not effective, and procedures and controls were not appropriate to mitigate risks identified.The Commission noted Betway cooperated with its enquiries and acknowledged widespread shortcomings in the effectiveness of its policies and procedures for customer interaction and senior management oversight.Betway will therefore pay £5.8m in lieu of a financial penalty, which will be used to help deliver the Commission’s National Strategy to Reduce Gambling Harms. It will divest a further £5.8m to help refund victims identified in the case, while Betway will cover the costs of the regulatory investigation.As part of the settlement, Betway will also undertake a number of wide-reaching business reviews. These will include an independent review of current policies and processes, its operation, resourcing, quality control and oversight, as well as a compliance-led review of current UK customers not reviewed in the past six months and require review applying to AML and social responsibility processes.Betway will also undertaken a full assessment of its top 25 customers by gross gaming yield (GGY) and top 25 customers by deposit for 2015, 2016, 2017 and 2018 to consider whether any of the failings identified are evidenced and if so, to divest the GGY accordingly.The operator will also review any new high or higher risk customers as may be identified by the Commission, as well as conduct a review of the next 12-month compliance development road maps.“As part of our ongoing programme of work to make gambling safer we are pushing the industry to make rapid progress on the areas that we consider will have the most significant impact to protect consumers,” Watson explained. “The treatment and handling of high value customers is a significant piece of that work and operators are in no doubt about the need to tackle the issue at speed.“We have set tight deadlines for when we expect to see progress and if we do not see the right results then we will have no choice but to take further action,” Watson added. “This case highlights again why progress needs to be made.” Betway has agreed to pay a record settlement worth £11.6m (€13.2m/$14.9m) after the GB Gambling Commission found the igaming operator had breached a number of social responsibility and money laundering regulations related to high-spending customers. Finance Betway to pay £11.6m over player protection and AML failings 12th March 2020 | By contenteditor Email Address
Delaware sports betting revenue down in March 20th April 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Delaware Lottery has reported a year-on-year fall in sports betting revenue for March, but the $571,486 generated by operators during the month was higher than the total collected in February 2020.Revenue in the five weeks to March 20 was down 64.3% from $1.6m last year, but when looking at the results on a month-on-month basis, revenue was up an impressive 257.6% from $159,800 in the previous month.Players wagered a total of $3.9m on sports in March, a huge drop from $10.5m in the same month last year, though betting options were significantly limited due to the cancellation of many sporting events as a result of the novel coronavirus (Covid-19) outbreak.Delaware Park retained top spot in the state’s market after posting $340,100 in sports betting revenue from $2.3m in total wagers during the month. Revenue was down 67.3% year-on-year, while player spending also fell 65.2%.Read the full story on iGB North America. The Delaware Lottery has reported a year-on-year fall in sports betting revenue for March, but the $571,486 generated by operators during the month was higher than the total collected in February 2020. Topics: Finance Sports betting Regions: US Delaware Finance Subscribe to the iGaming newsletter Email Address
Results 2020 Results published in January showed that gross gambling revenue (GGR) in Macau was down close to 80% in 2020, as the region suffered enforced closures and travel restrictions as a result of the pandemic. Tags: Asia Pioneer Entertainment Termination of the two finance lease agreements on 21 May caused a one-off impairment cost of approximately HK$22.9m. Macau-based casino supplier Asia Pioneer Entertainment (APE) has issued its shareholders with a profit warning, indicating that the company expects to record a loss before tax of approximately HK$32.0m (£3.0m/€3.5m/$4.1m) for 2020. Revenue from technical sales and distribution of electronic gaming equipment, consulting and technical services, and repair services, are expected to decrease by 51%, 42% and 61% respectively. Regions: Macau APE’s board of directors said that the expected loss, and decreases in revenue and gross profit, were mainly attributable to the termination of two of the its finance lease agreements in 2020, and the ongoing impact of the novel coronavirus (Covid-19) pandemic. The board stated that the one-off impairment loss will not affect the supplier’s long-term financial stability. Email Address For 2020, it expects to record positive net operating cash flow of HK$800,000, compared to a negative net operating cash flow of HK$2.7m. Asia Pioneer Entertainment issues profit warning The supplier’s gross profit has decreased by approximately 63%, from HK$28.6m to HK$10.5m for the year. Topics: Casino & games Finance Land-based casino Product & technology Slots Full year results 2020 Results 2020 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The cash and cash equivalent of the company is also expected to increase by around 11%, from approximately HK$43.6m to HK$38.2m. The expected loss is compared to a loss before tax of HK$1.7m for the year ended 31 December 2019, and reflects a decrease in the supplier’s revenue from around HK$82.0m to HK$40.5m year-on-year. 16th March 2021 | By Conor Mulheir It said the expected increase in operating cash flow is mainly attributable to better management of trade receivables. The closure of land-based casinos as a result of the Covid-19 pandemic, meanwhile, has led to weaker demand for technical sales and distribution of electronic gaming equipment. Subscribe to the iGaming newsletter
Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “We’re excited to welcome BlueBet to the Panthers family and look forward to giving our members and fans plenty to cheer about at BlueBet Stadium.” 22nd March 2021 | By Robert Fletcher The two-year deal is effective immediately and will see the stadium renamed as the BlueBet Stadium. Australian betting operator BlueBet has acquired the naming rights to Penrith Stadium, the home of National Rugby League (NRL) team the Penrith Panthers. Subscribe to the iGaming newsletter Marketing & affiliates BlueBet scores naming rights to NRL’s Panthers stadium “We understand how special the club’s spiritual home is to the Panthers family and we take great pride in having our name and our brand associated with it.” The team finished top of the 2020 NRL, but lot 26-20 to Melbourne Storm in the grand final. Regions: Australia Topics: Marketing & affiliates Sports betting Marketing Tags: BlueBet Penrith Panthers NRL “For a number of years Panthers intentionally retained the naming rights to our home ground,” Panthers chief executive Brian Fletcher said. “However the significant and ongoing financial impact of Covid-19, combined with the considerable investment from BlueBet, made this a fantastic opportunity we simply couldn’t pass up. The Panthers currently sit third in the 2021 NRL table, having won their first two games of the new season. BlueBet founder and executive chairman Michael Sullivan added: “We’re putting our money where our mouth is and backing this team to go all the way as evidenced by our investment in BlueBet Stadium.