Month: August 2020

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first_imgGuyana says Brazil has responded positively to an invitation by President David Granger to participate in Guyana’s oil and gas sector. Foreign Affairs Minister Carl Greenidge, said the response from Brazil to the invitation which was made during the recently held MERCOSUR summit, is an indication of growing confidence in this country’s oil sector.“It means a great deal as you know since the discovery of commercial quantities of oil by Exxon Mobil in the maritime space there has been a number of additional discoveries. At least five of them have yielded results that are of significant quantities and extremely positive commercially.“For that reason, we have been able to attract attention to the resource in the sense that many companies and countries are now interested in seeing what is going on in Guyana,” Greeindge said.He said he viewed Brazil’s involvement in the local oil and gas sector as not only an economic boost, but rather a comforting presence given the threats from neighbouring Venezuela.“It is important, this discussion with Brazil because for a number of reasons, including the strategic threat posed by Venezuela, many companies are not interested and many of those that were interested, didn’t have the resources and weren’t prepared to commit resources given the threat.”Trotman welcomes re-engagementMinister of Natural Resources Raphael Trotman, said Guyana and Brazil have been collaborators since the early 1980s and he is happy for the re-engagement, given the benefits to be had by the country.“Now we are looking at petroleum development, and two areas of particular of course are the actual production exploration and production. Petrobras is a known world leader in production; as well as in the training and technical sides, they have decades of experience that we don’t have, and they can help train some of our people”, Trotman said.Trotman said Guyana also stands to benefit in more ways than one from the renewed partnership with Brazil.Brazil’s National Oil company Petrobras which was established in 1953, specialises in exploration and production, refining, marketing, transportation, petrochemicals, oil product distribution, natural gas, electricity, chemical-gas and biofuels.last_img read more

Capleton’s bail extended

August 31, 2020 | pelzfibj | No Comments

first_imgPopular entertainer Capleton’s legal woes continue as his bail related to rape charges has been extended. The artiste was ordered to return to court on July 13 when his case was presented in the Kingston and St Andrew Parish Court on Thursday morning.Capleton, whose real name is Clifton Bailey, is out on J$250,000 bail.Related: Jamaican artiste Capleton arrested on rape chargesThe prosecution was also ordered to make disclosure to the defence by next Thursday, June 21.Capleton, 51, was charged on May 11 on allegations that he sexually assaulted a hairdresser that he hired at a hotel in New Kingston on April 28.last_img

first_imgPioneering politician Shirley Chisholm Barack Obama broke the glass ceiling for African Americans in 2008 when he won the presidential elections. Now, African Americans are not hesitant to seek the nomination to represent  the Democratic and Republican Parties as presidential candidates.  For the 2020 presidential election, African American Senators Kamala Harris, who is of Caribbean Heritage, and Corey Booker, have already announced their candidacy.However, long before Obama made his historical bid for the presidency, as early as 1848, several African Americans sought the  presidency. Most of these candidates were from small, lesser known political parties, but each carved a space in America’s black history.During Black History Month, the Caribbean National Weekly will publish a four-part series featuring African American  candidates who sought the highest office in the land. Today we feature candidates who ran between 1848 and 1980. In our February 14th issue we will feature African American candidates who ran between 1981 and 2000. On February 21st, we will highlight candidates who ran between 2001 and 2008, and on February 28th, candidates who ran from 2009 to 2019.African American Candidates: 1848-1980Frederick Douglass  – Douglass was born in 1818 and passed away in 1895. A former slave and great social reformer, Douglass was a presidential candidate twice, in 1848 and again in 1888. Douglass was a highly regarded abolitionist, orator, writer, and statesman. After escaping slavery in Maryland, he became a national leader of the abolitionist movement in Massachusetts and New York, gaining note for his oratory and incisive antislavery writings. In his time, he was described by abolitionists as a living counter-example to slaveholders’ arguments that slaves lacked the intellectual capacity to function as independent American citizens. He made his first presidential bid in 1848 as a candidate for the Liberty party, gaining just one vote at the party’s national convention. He made another bid in 1872 for vice president representing the Equal Rights Party, and in 1888 as a presidential candidate for the Republican Party.George Edwin Taylor – Born in 1857, Taylor was the son of slaves born in Little Rock, Arkansas and passed away in 1925. In 1904, he was the presidential candidate of the National Negro Liberty Party.In the 1890s, Taylor, publisher of a weekly newspaper called Negro Solicitor, transitioned from Independent Republican to Democrat. In 1892, he was founder and president of the National Colored Men’s Protection League and in 1900 was president of the National Negro Democratic League, which was the Negro Bureau within the National Democratic Party. In 1904, Taylor joined the National Negro Liberty Party as its candidate for president of the United States. He reconnected with the Democratic Party after the failure of his 1904 election campaign. Clennon Washington King, Jr. –  King, who was born in 1920 and died in 2000, was a civil rights activist, and is often referred to as the first African American to run for president. He was nicknamed “The Black Don Quixote.” His first bid for president coincided with the year John F Kennedy was nominated as the Democratic Party’s presidential candidate.King ran for president as candidate of the Independent Afro-American Party with Reginald Carter as his running mate. In the presidential elections he won 1,485 votes in Alabama, making him, by some accounts, the first African American presidential candidate. King placed eleventh of twelve candidates seeking to be elected.In 1996, King ran for mayor of Miami, Florida where he had relocated from Georgia in 1979 as the candidate of the “Party of God.”Clifton DeBerry – Born in 1924 and died in 2006, DeBerry was an American communist and two-time candidate for president for the Socialist Workers Party. DeBerry marched for civil rights in Selma, Alabama and Memphis, Tennessee, and was a supporter of Malcolm X in the 1960s. He was a delegate to the founding conventions of the Negro Labor Congress and the Negro American Labor Council.In the 1964 election, he was the Socialist Workers Party’s  first African American candidate, as well as the first African American candidate for president of any existing party. King who preceded him in 1960 was a marginal candidate, receiving 32,706 votes in the elections.DeBerry ran again in United States presidential election in 1980 as one of three candidates the party had that year, receiving 38,738 votes.Leroy Eldridge Cleaver – Cleaver was born in 1935 and died in 1998. He was a writer and political activist who became an early leader of the radical Black Panther Party.In 1968, Cleaver wrote Soul on Ice, a collection of essays that, at the time of its publication, was praised by The New York Times Book Review as “brilliant and revealing”. Cleaver stated in Soul on Ice: “If a man like Malcolm X could change and repudiate racism, if I myself and other former Muslims can change, if young whites can change, then there is hope for America.”That year, Cleaver was a presidential candidate on the ticket of the Peace and Freedom Party, receiving 36,571 votes. 1968 was a time of turmoil in the United States. In April of that year, civil rights leader, the Reverend Martin Luther King, Jr. and Democratic candidate Robert Kennedy were assassinated. The Black Power movement, demanding more power and respect for African Americans, was growing, as were civilian protests over the Vietnam War. In the presidential elections held that year Republican Richard Nixon was elected. The year was also a pivotal one for African Americans to seek the office of US president.Besides Eldridge, African Americans Dick Gregory and Charlene Mitchell, and Channing E. Phillips sought the office for their respective political parties.Richard “Dick” Claxton Gregory – Gregory was born in 1932 and passed away in 2017. He was an American comedian, civil rights activist, social critic, writer, conspiracy theorist, entrepreneur,[and actor. During the turbulent 1960s, Gregory became a pioneer in stand-up comedy for his “no-holds-barred” sets, in which he mocked bigotry and racism. He performed primarily to black audiences at segregated clubs until 1961, when he became the first black comedian to successfully cross over to white audiences, appearing on television and releasing comedy record albumsGregory was at the forefront of political activism in the 1960s, protesting the Vietnam War and racial injustice. He was arrested multiple times, went on many hunger strikes, and towards the end of his life was a public speaker and author, primarily promoting spirituality and healthy dieting.In 1968, Gregory represented the Freedom and Peace party in the presidential elections as a write-in candidate, and received 47,097 votes. Charlene Alexander Mitchell – Mitchell was born in 1930, and is alive today. She is an international socialist, feminist, and labor and civil rights activist. Formerly a member of the Communist Party USA, which she joined at 16, Mitchell emerging as one of the most influential leaders in the party from the late 1950s to the 1980s.Representing the Communist Party in the 1968 presidential election, Mitchell was the first African American woman to run, although entered on the ballot in only two states. Her ticket only received 1,076 votes.Channing Emery Phillips – Born in 1928, and passed away in November 1987, Phillips was an American minister, civil rights leader and social activist, who made history as the first African American placed in nomination by a major political party – the Democratic Party.He led the delegation from the District of Columbia to the 1968 Democratic National Convention. Members of the District’s delegation were originally pledged to Robert F. Kennedy, but following his death, they voted to nominate Reverend Phillips as a favorite son instead. He received 68 votes. Phillips was the first African American to receive votes for the presidential nomination at a Democratic National Convention. Shirley Anita Chisholm – Chisolm was born in 1924 to Caribbean ancestry, and died in 2005. She was a politician, educator, and author.In 1968, she became the first black woman elected to the United States Congress, and represented New York’s 12th congressional district for seven terms, from 1969 to 1983. In 1972, she became the first black female candidate for a major party’s nomination for president, and the first woman to run for the Democratic Party‘s presidential nomination. Her quest to get the nomination failed as she received just 152 votes at the Democratic Party National Convention.Walter Edward Fauntroy – Fauntroy was born in 1933 and still alive today. He was the former pastor of the New Bethel Baptist Church in Washington DC, and a civil rights activist. He sought to be nominated as the Democratic Party presidential candidate in 1972, and again in 1976.During the 1972 primaries, Fauntroy campaigned in the D.C. primary as a favorite son candidate, and won the largely uncontested event with 21,217 votes. In the 1976 Democratic primaries, he lost to eventual nominee Jimmy Carter. Though he placed second overall according to some measurements, he received zero delegates at the Democratic convention.Barbara Charline Jordan – Jordan was born in 1936, and died in 1996. She sought the Democratic Party nomination for president in 1976, the year Jimmy Carter was elected president. She was an attorney, educator and politician who was a leader of the Civil Rights Movement. Jordan was the first African American elected to the Texas Senate after Reconstruction, and the first southern African American woman elected to the United States House of Representatives.She was known for her eloquent opening statement at the House Judiciary Committee hearings during the impeachment process of Richard Nixon, and as the first African American and first woman to deliver a keynote address at a Democratic National Convention. She received the Presidential Medal of Freedom, among numerous other honors.Her nomination bid also failed at the Democratic Party Convention in 1976. Margaret Wright – Born in 1923, Wright also made a presidential run in in 1976. Wright was a community activist in Los Angeles, California who represented a third-party, the People’s Party, in the elections. The ticket was endorsed by the Peace and Freedom Party. Bumper stickers advertised her as a “Socialist for President”. Her ticket received 49,016 votes. Wright was also a founder and activist of Women against Racism in the Watts section of Los Angeles.Andrew Pulley – Pulley was born in 1951, and is a former politician who ran as Socialist Workers Party candidate for vice president in 1972, and for president in 1980. Prior to that he also ran for Mayor of Chicago, Illinois in 1979. In the 1980 presidential elections won by Republican Ronald Reagan, Pulley gained 40,104 votes.last_img read more

first_img37-year-old Venus Williams has ended Johanna Konta’s fairytale run, to make her 9th Wimbledon final at the All England Cub.It will be Williams first Wimbledon singles final appearance since 2009, the 37-year-old defeated Konta, in straight set, 6-4 6-2 and will now face 14th seed, Garbiñe Muguruza, in Saturday’s final.“The crowd were very nice to me. The crowd were so fair, I know they love Jo.”“I think Jo handled the pressure.”“No point was easy. I tried to climb on top and get another point.”“I’ve played a lot of finals here, one more win will be amazing. It won’t be a given but I’ll give it my all.” Venus Explained. “I missed Serena terribly before the match. I wish she was here.”In the other semi-final clash, Garbiñe Muguruza dispatched Magdalena Rybarikova 6-1 6-1 in just 65 minutes. The Spaniard have been in devasting form all tournament, dropping just one set en route the final, will now battle veteran American, Venus Williams, in the final.Muguruza, who lost to Venus’s sister, Serena Williams in the 2015 Wimbledon final, will look to make amends against yet another Williams on Saturday.– 22 winners hit– 6-1, 6-1 scoreline– 64 minutes [email protected] returns to the #Wimbledon final – in some style… pic.twitter.com/S7EkzB3YAj— Wimbledon (@Wimbledon) July 13, 2017“I played very well, for sure. It was a tricky match – she’s a very tricky player and was playing very well throughout the tournament. ”“I’m going to enjoy being in another grand slam final, and want to win whoever I play. Think it will be a great final whoever I play.” She said.Related2017 Wimbledon Open : Good Old Wine Venus Into A 10th Semi FinalJuly 12, 2017In “Sports”Wimbledon Roundup: Johanna Konta Makes Wimbledon History To Set Up Semi Final Clash With Veteran Venus WilliamsJuly 11, 2017In “Sports”Muguruza Beats Venus To Win First Wimbledon TitleJuly 15, 2017In “Sports” Asked about Saturday’s final, she continued: “Both Garbine and I play so well on grass. I’ll have to ask Serena for advice.last_img read more

first_imgRelated2017 Afrobasket: D’Tigers Edge Past Côte d’Ivoire To Begin Title Defence With A VictorySeptember 8, 2017In “National Team”2017 AfroBasket: Unstoppable D’Tigers Cruise Past MaliSeptember 10, 2017In “National Team”D’Tigers Defeat Senegal To Reach AfroBasket FinalSeptember 15, 2017In “National Team” Ike Diogu was named the Most Valuable Player of the tournament and also headlines the All-Star Five alongside teammate Ikenna Iroegbu, Mohamed Hadidane (Tunisia), Mourad El Mabrouk (Tunisia) and Gorgui Dieng(Senegal). D’Tigers of Nigeria failed to defend their FIBA AfroBasket title losing to co-host Tunisia 65-77 in Tunis on Saturday.Nigerian captain Ike Diogu produced another high-scoring performance with 20 points and 10 rebounds but was not enough to stop the Tunisians.center_img Points Per Quarter1st: Nigeria 14-8 Tunisia2nd: Nigeria 10-17 Tunisia3rd: Nigeria 16-27 Tunisia4th: Nigeria 25-25 Tunisialast_img read more

first_imgCarlo Ancelotti was relieved of his coaching duties at German giants Bayern Munich, in the aftermath of an historic 3-0 loss to Paris Saint-Germain. The defeat by the Bavarian to the Nouveau-Riche of European football was the heaviest suffered in 21 years on Europe’s biggest stage.Affectionately nicknamed Carletto, the latest dismissal represents the third (Chelsea-2011, Real Madrid-2015 and Bayern Munich-2017) of such in the last six years of his managerial career. Just how badly have things turned out to be for a manager who was voted IFFHS World’s best coach-2007, 2014?Upon the departure of Pep Guardiola in 2016, at the expiration of his three year managerial contract at Bayern Munich, the club announced the immediate acquisition of Ancelotti as the replacement for the Spaniard. Here, was a manager that had won domestic titles in every country he had coached in and remains the only coach to have won the UEFA Champions League title three times(AC Milan-2003, 2007 and Real Madrid-2014).He was a winner by all standards, but was he necessarily going to fit into Bayern’s somewhat unusual tradition and language barrier? First, he employed his son Davide, who had a good mastery and understanding of the German language as an assistant. The season kicked-off, Bayern were winning, but not with that swagger, dominance and almost invincibility associated with the team under Guardiola’s rein.There were rumours that senior players Philip Lahm and Xabi Alonso complained to the club hierarchy, led by President Uli Hoeness and Chairman Karl-Heinz Rummenigge concerning the training methods of the Italian tactician. After voicing out their discontent, were, there any surprises the duo both retired at the end of the season and equally turned down the chance at different times of request to become Carletto’s right hand man. Coincidental right?The current season hasn’t gone according to plan for Bayern Munich and there are rumours that five players, chief among them Arjen Robben, had complained about Ancelotti’s methods. The result was a sack issued to the highly successful Italian manager.Despite the latest misadventure which has led to Ancelotti coming out to publicly state he wants to take a 10-month break from coaching, we simply cannot take anything away from the achievements of a man who has coached and won domestic titles in Italy, England, Spain, France and Germany, failing to win a league title in just the Spanish La Liga.As the 58-year-old nomadic manager embarks on yet another sabbatical, what is almost certain, is Ancelotti will favour a fresh challenge in a new environment when he returns and you can count on him winning a league title in his first full season in-charge of the ‘chosen’ club.Relatedlast_img read more

first_img The government has launched a campaign to encourage the public to return round £1 coins after it was announced that the new 12-sided £1 coin will enter circulation on March 28.The Treasury, which estimates that £1 coins’ account for almost a third of £1.3 billion of coins stored in saving jars across the UK, has confirmed that the old-style coin will be defunct from October 15.The Royal Mint will make more than 1.5 billion of the new coins, which have been designed based on the threepenny bit that went out of circulation in 1971. It is claimed that the new coin, the first of its kind since 1983, will be the most secure in the world with security features including a hologram.David Gauke, Chief Secretary to the Treasury, said: “28 March should be an important date in everybody’s calendar – as we will have a new quid on the block. Our message is clear: if you have a round £1 coin you need to spend it or return it to your bank before 15 October.”Helen Dickinson, Chief Executive of the British Retail Consortium, believes businesses will be ready: “While there will be a natural transition period where some vending systems may only be able to accept the existing coin, our industry is committed to ensuring we’re fully prepared ahead of the launch.”About 40% of vending and other cash-receiving machines must be upgraded as part of the launch. The British Parking Association says each meter change will cost £90-£130 for the simplest software upgrade, but considerably more if they are to issue change. Meanwhile, The Royal Mint has estimated the cost of changing all the UK’s machines at £15 to £20 million. Related Articles “You might as well shout at the moon” – Hammond set to issue RGD hike October 26, 2018 Submit Share Winning Post: Changing perceptions of animal betting sports November 12, 2018 Government issues racing assurances over ‘no deal’ Brexit February 22, 2019 Share StumbleUponlast_img read more

Winning Post – Shake up in Sweden

August 30, 2020 | gzfrmzwx | No Comments

first_img Share StumbleUpon Submit Related Articles Indeed, these two issues of funding and productivity are likely to become increasingly linked (and should be): racing is likely to become relatively more important to retail bookmakers and is also being recognised as critical online; while bookmakers (across channels) increasingly need to make content work on its own terms rather than in vague reference to a (poorly understood) ‘ecosystem’ – the basis of a relationship built upon common interest rather than dependency is already there – a severe DCMS Review has the opportunity to make it as well as to break it.UK: sports governance – near-100% compliance, but now what…?UK Sport and Sport England have announced that 55 of the 58 sports organisations they fund which have been through the reform process thus far, have fully adopted the Code for Sports Governance. The three organisations which have yet to do so – The British Mountaineering Council, Volleyball England, and the British Equestrian Federation – are undertaking reviews and are expected to achieve compliance within the next three months.To achieve such widespread compliance within a year of the (challenging, for some) Code going live is no mean feat, as the likes of Table Tennis England (funding suspended for a period while non-compliance was remedied) and British Cycling (late lobbying, reportedly involving the likes of Sir Chris Hoy, achieving the necessary support for reform) will testify. TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 The first area to flag is establishment: the Act envisages licensees being based in Sweden unless there is an explicit agreement in place with other licensing regimes. While these agreements may be readily forthcoming, the temptation to capture tax and employment will be real, and may also suit businesses with a significant domestic presence. If an offshore business were required to set up in Sweden, this would likely double the effective tax rate in terms of cost of operations.Second, the law envisages granting powers of group and affiliated structure investigation to the regulator in order to ensure the probity of licensees. While this is nothing new, there could be a specific area of sensitivity for Nordic businesses given the rather loose prevailing definition of ‘grey’ markets when taking money from Norway and Finland – both of which have clear and recent monopoly legislation in place. It is not inconceivable that the ‘Nordic’ regulators will want to work closely together and this could increase enforcement risk for ‘dark grey’ markets in general and Nordic revenue in particular.Third, the law provides the regulator with the power both to specify the overall games being licensed and the parameters of those games. In an outright move, betting on lotteries without the consent of the lottery licence holder is to be banned, but other nuances are likely to creep in, in the name of player protection which could materially distort the market. The two most sensitive areas here are slots and in-play betting. It is likely that Svenska Spel will see this as a key battle ground to preserving its dominance (even relevance) in an officially competitive marketplace.Finally, there is significant coverage of social responsibility and player protections (both data and funds), currently all worded in sensible but sometimes imprecise ways. Again, how these aims and policies will make their way into regulatory frameworks will be critical, especially around marketing, bonuses, self-testing and self-exclusion.Sweden is a material .com online gambling market (c. €600m – excluding ATG and Svenska Spel) with a number of operators more or less dependent upon its cash flow. It has been almost taken for granted that Sweden would regulate online gambling in a liberal way and the draft law certainly points to that outcome. However, it is impossible to get any more ‘liberal’ than the current state of no tax and no domestic regulation at all.Change is now coming: it will increase cost and it is very unlikely to grow the market. The key now is to see whether liberal intentions become non-interventionist reality. For this to happen, Swedish-facing operators must overcome opposition from a powerful incumbent, gambling conservatives and those wishing to see tough social responsibility measures to protect players. In terms of regulatory-political relations, the industry may feel it is due some luck (or judgement), but even Sweden is likely to test hopes of the most bullish scenarios.UK: In Parliament – a long time in politicsLast year was gambling’s busiest year in Parliament in almost a decade, according to analysis from Regulus Partners.During the course of the year, 139 written Parliamentary Questions relating to gambling were asked in the House of Commons – the highest number since 2008 (when bingo industry lobbying on taxation and residual concerns regarding casino liberalization helped push the number of written PQs to nearly 200). In that year, betting shops were the subject of just 13% of (gambling) written PQs in the Commons (where a specific sector was identified). By contrast, in 2017, more than two-thirds of (gambling) written PQs related to betting shops and FOBTs. In addition to written Parliamentary Questions (which provide the most consistent measure of Parliamentary interest in gambling), 2017 also saw a large number of oral questions in both Houses, several Parliamentary debates, and three Early Day Motions.A total of 57 MPs submitted gambling-related written PQs – the most prolific being the Deputy Leader of the Labour Party (and Shadow Secretary of State for DCMS), Tom Watson. With Labour launching a review of gambling addiction in Great Britain (led jointly by Watson and the Shadow Health Secretary, Jonathan Ashworth); the Government review of machines, advertising and social responsibility entering its third calendar year; the Gambling Commission’s probe into anti-money laundering procedures in online casinos; and the CMA and ICO investigations due to report, it seems likely that 2018 will be another busy year in Parliament for gaming and betting.Kenya: gambling duty – government shakedown or market shake-up?Kenya’s decision to raise gambling duty from 7.5% revenue to 35% has been upheld in court after an operator-led legal challenge was thrown out. A significant increase became an electioneering point last year, and while 35% was a ‘compromise’ on the 50% previously mooted, it is still a very significant hike and has already caused the market leader SportPesa to precipitately cancel its extensive domestic football sponsorships, upon which a number of major and grass-roots clubs have come to rely (it still sponsors two English clubs: Hull and Everton).The ubiquity of mobile money and a very liberal fiscal-regulatory regime has made Kenya a standout success story for online gambling in Africa. However, the position was always fragile given the need for a level of domestic presence from a payments perspective, the very low rate of tax, and the huge visibility of betting advertising. While 35% is certainly toward the higher end of supportable duty rates, it is likely to disrupt rather than cripple the market, in our view, and may even allow market share to be taken from a dominant incumbent which built its business on a low-cost model now consigned to history. Kenya, along with many other markets, may yet again be illustrating that concentrated scale can be a curse as well as a blessing in rapidly changing fiscal-regulatory environments. Another useful lesson, often ignored, is that gambling business models built upon the assumption of low taxes are fundamentally flawed – sooner or later governments come to collect…Argentina: capturing gambling revenue – pieces of eightArgentina has announced that offshore online gaming will be subject to VAT federally at a rate of 21% (ie, 17.4%); there is also an emerging possibility of additional provincial charges. Enforcement is likely to be an issue, but operators wishing to demonstrate broader compliance may be captured by the legislative intention. While Argentina is not a large market by European standards, it is both material and potentially high growth. The move also demonstrates the extent to which the once disarmingly simple .com market is becoming both more complex and more expensive. While double digit growth remains available, these issues are likely to have little more than nuisance value, but as growth slows, or if risk is concentrated, then marginal increases in the cost of local operation can start to have a material impact on the bottom line. Argentina’s shifting VAT policy might also be a stalking horse for a more aggressive fiscal grab at online gambling.UK: horseracing – Edwardian summer?The BHA has announced that prize money should total £160m in 2018, 12% growth generated by the offshore levy (+£8m: already factored in, though with more potentially coming through with growth) and an increase in racecourse commitments to £84m (+£9m or 12%). Importantly, this increase will largely be directed at grassroots racing, which has faced significant long-term funding pressure despite recoveries in prize money since 2010. This is undoubtedly a good thing for the sport and for betting operators, though increased funding should only be seen as the beginning: making the money work productively is the real key.Racing and betting still face two very significant issues, in our view. First, the generosity of racecourses is largely predicated on media rights which are in turn largely reliant upon a healthy retail betting sector: the DCMS Review puts this under threat and with it a material part of the current funding of racing.center_img Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column.Sweden: remote POC legislation – drafts or chess?The Swedish government has published a draft law to regulate gambling across channels, with an implementation date of 1 January 2019 (replacing the Lottery Act, 1994 and the Casino Act, 1999). The legislation sets out a regime which appears liberal and transparent – in line with what was expected. While tax is not mentioned, this is expected to be set at 18% of revenue: a rate that compares favourably to nearly every global jurisdiction.Given how important Sweden is to a material number of online gambling operators, the draft law is therefore likely to have been consumed with anticipated relief over Christmas. However, we identify a number of areas that might offer a sting in the tail and we predict a complex game of cat and mouse being played out in the coming months. BtoBet refines African SMS payment options with Tola Mobile  August 20, 2020 Share Second, both field sizes and competitiveness have seen long-term decline which has not been materially reversed by recent increases in prize money; while some of this will take time, and some will be driven by the new focus on grassroots, improving productivity is key or relative decline is likely to continue. This requires detailed and data-driven cooperation, as well as a willingness to change, between all elements of racing and bookmakers: not something the relevant stakeholders have been good at in the past. However, with great focus within the Code on behavioural and cultural issues, the real challenge for the national sports bodies and the sports councils begins now. To change cultures and behaviours takes time, and monitoring and assessing such changes across many organisations will be challenging. Hopefully momentum can be maintained, and sufficient resources made available, to ensure that sports do not now relax having achieved (relatively high) structural benchmark standards, and remain committed (and incentivised) to implementing the Code in practice.Malta: POS regulation – just business?The MGA is once again facing press allegations that the industry that it regulates has mafia connections, this time from a domestic newspaper, in connection with the potential relocation of under-employed mobsters recently drummed out of nobbling horseraces in Sicily.The MGA called the allegations “speculative and senseless” and reminded Times of Malta readers that POS online gambling accounts for 12% of Malta’s GDP. The story is likely to have little hard evidence (mobsters rarely leave any), but it does highlight the key weak-spot of POS regimes: business-friendly laws can be all too easily painted as exploitable by the unsavoury even in “speculative and senseless” ways.This recurring theme, combined with many major banks’ distaste for gambling business (unless very large…), and the EC’s recent decision to drop infringement proceedings, is making the position of EU-based POS businesses increasingly uncomfortable, in our view; a risk which is likely to compound with Brexit probably removing Gibraltar as an option. While the tangible outcome of these risk factors remains unclear, they are likely to have an increasing impact on POC positioning, payments and perceived business value.last_img read more

first_img Share Related Articles Share Submit XLMedia completes takeover of 101GreatGoals.com July 17, 2020 Amit Ben Yehuda steps down from XLMedia August 13, 2020 XLMedia feels strain of Google deranking July 23, 2020 StumbleUpon Good Game Limited, which operates a network of Finnish online gambling information sites, has sold several of its popular sites to XLMedia for a total cash consideration of up to €15m.XLMedia will take control of a number of Good Game sites including Nettikasinot.com and Netticasinot.com.The deal, which is expected to close in the first quarter of the year, also includes underlying content management systems, social network accounts, related intellectual property and affiliate accounts.For the 12 months ended 20th November 2017, the network of acquired sites recorded revenues of €1.66m with a 75% EBITDA margin. Good Game will receive an initial payment of €7m with a further €7m to be paid out if performance targets are met. Following the acquisition, Good Game Limited will focus on building out its recently launched Bojoko.com brand; its most comprehensive and innovative online casino affiliate site to date.Bojoko is unique in that operators have the power to generate their own content. Operators will enjoy full control over how branding is represented and players are kept updated on all the latest news and promotions.It is a concept that has proven extremely popular in other online industries such as hotel and accommodation listings with the overwhelming success of companies such as Airbnb and TripAdvisor.In today’s regulatory landscape, Bojoko also provides operators with a unique platform to update players on any changes to their Terms and Conditions, ensuring a fully transparent dialogue between the operator and its customers.Toni Halonen, CEO of Good Game Limited, said: “We are delighted to have reached a deal with XLMedia to acquire some of our most successful online casino affiliate sites, and for them to take each site to the next level.“Following the acquisition, we are going to focus our efforts on bojoko.com, and making it the most valuable and powerful online casino comparison site in the world. We have big things planned, so watch this space.”last_img read more

first_img StumbleUpon Bookies Corner: Trump Presidency sinks as US 2020 enters its 100 day countdown July 29, 2020 Paddy Power raises awareness of Missing People with Motherwell ‘silhouette’ stand August 7, 2020 Related Articles Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Share Share Submit Paddy Power has detailed that the new series of ITV2’s ‘Love Island’, starting Monday 4 June, has taken ‘90% more in pre-event bets’ than its 2017 edition.Following May’s Bank Holiday weekend, ITV2 bosses revealed the identities of Love Island 2018’s eleven contestants (5 girls – 6 boys).Running over a period of eight-weeks, Love Island producers firmly believe that 2018’s edition will break all ITV2 viewing records, with the reality show further securing ITV’s highest digital and social media coverage.Publishing its pre-event Love Island markets, Paddy Power has placed the daughter of EastEnders actor Danny Dyer, Dani Mas Dyer as 13/8 early market favourite.For the ‘boys camp’ odds on outsiders, Adam Collard and Jack Finch have moved from 7/1 to 11/2 and 10/1 to 17/2, respectively, as punters eagerly await the first episode.However, fans and producers of the show hope this series will be just what the doctor ordered with A&E medic Alex George the steady favourite male contestant (2/1).At current trading, Paddy Power believes that Love Island 2018, may break all previous TV entertainment betting markets.Paddy PowerUpdating the media, Spokesman Paddy Power said: “This season of Love Island is by far the most hotly anticipated, borne out in the betting which has seen a 90 percent increase since last year.“After only lasting 24 hours on her previous reality TV show outing, we’re hoping that this time it’ll be less ‘dire’ for Dani. Now that her dad has approved her having an on-screen romp, viewers won’t have long to wait to find out who she’ll be getting her Eastender away with.”Paddy Power – Love IslandWinning Female:Dani Mas Dyer 13/8Kendall Rae-Knight 13/5Laura Anderson 11/4Samira Mighty 5/1Hayley Hughes 5/1Winning Male:Alex George 21/10Eyal Booker 7/2Wes Nelson 4/1Niall Aslam 5/1Adam Collard 11/2Jack Fincham 17/2last_img read more