SAS REPORTS BIGGER-THAN-EXPECTED LOSS

first_imgWednesday 9 February 2011 7:21 pm Share Tags: NULL More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com whatsapp whatsapp SAS REPORTS BIGGER-THAN-EXPECTED LOSS Show Comments ▼ Scandinavian airline SAS reported a bigger than expected fourth-quarter loss yesterday but said it hopes to be back in profit this year. Pretax losses in the fourth quarter shrank to 464m crowns ($72m) from 1.52bn crowns in the same period of 2009, but analysts had expected a sharper reduction, to 174m crowns. KCS-content last_img read more

 

US consumer confidence hits three-year high

first_img 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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tags: NULL alison.lock Tuesday 22 February 2011 3:49 pm Show Comments ▼ US consumers are more confident than at any time in the last three years thanks to better prospects for the economy and jobs, new data has shown.The Conference Board, an industry group, said its index of consumer attitudes rose to 70.4 in February from a revised 64.8 in January.Consumer confidence remains low by historical terms, but economists said they saw underlying strength in the numbers. Anthony Chan, chief economist at J.P. Morgan Private Wealth Management, said improvements in views of the labour market bode well for consumer spending growth.“It offers some encouraging words on the sustainability of consumer spending,” he said.Consumer confidence was at its highest level since February 2008 and better than a forecast of 65 by economists.The expectations index, which accounts for what consumers expect to see in six months, rose to its highest level since December 2006 at 95.1 from 87.3. The present situation index advanced to 33.4 from 31.1.Consumers’ assessment of the labour market improved modestly, though the overall view of employment conditions was mixed. center_img Share whatsapp US consumer confidence hits three-year high More From Our Partners A 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapplast_img read more

 

Rambourg is cleared after probe by FSA

first_img Show Comments ▼ Rambourg is cleared after probe by FSA  KCS-content whatsapp whatsapp Tags: NULLcenter_img A YEAR ago today Guillaume Rambourg was sitting pretty in Gartmore’s Fenchurch Street offices. He was among the firm’s standout performers and one of the brightest stars in the City’s glittering constellation. Alongside Roger Guy, co-head of European hedge funds, he was responsible for more than 20 per cent of Gartmore’s £21bn investment portfolio.By the end of the day he had been suspended for allegedly directing trades to favoured brokers, stunning the market. Gartmore announced a company probe, which would later lead to a full FSA investigation. His importance to the fund manager was underlined by a 30 per cent drop in its share price.It was the start of an annus horribilis for both Rambourg and Gartmore, which suffered, alongside his shock departure, an exodus of high-flying talent and the eventual sale of the entire firm.Rambourg yesterday said the Financial Services Authority (FSA) had dropped its probe without taking any disciplinary action. The watchdog was characteristically tight-lipped: it only confirms investigations if they result in a fine or other reprimand. When news of the watchdog’s investigation first surfaced, the timing could not have been worse. A panicked market wrongly assumed Rambourg had somehow been caught up in a separate, far more serious, insider trading investigation, which had surfaced the same week. It sent Gartmore into a tailspin, with clients withdrawing more than £1bn from its funds in the wake of his suspension. A month later, Rambourg was allowed to return to work. However, he was forced to take on a far lesser role – as an investment analyst – as his licence had been suspended when the probe was announced.During this time, things had gone from bad to worse at Gartmore. Speculation mounted that Rambourg’s former partner Guy, the star manager around whom Gartmore built much of its reputation, could quit the firm after voicing dissent over the way his friend was treated.The pressure got too much for Rambourg when the FSA launched its own investigation two months later and he quit to focus on the case. Spotting the potential catastrophic talent-drain, Gartmore attempted to lock in its key management. But it was too little too late. Guy – the man seen by many as the genius behind the firm’s meteoric ascendancy – announced he would quit. His team was responsible for almost half of the firm’s performance fees in recent years.With a rising sense of panic, Gartmore put itself on the market. Fund manager Henderson quickly emerged as a buyer, eventually paying £335m – just half Gartmore’s flotation price just a year earlier.Questions will now be asked over whether the FSA overstepped the mark by launching an investigation that finished off not only Rambourg’s Gartmore career but the firm itself and destroyed shareholder value. Rambourg plans a hasty return to the City, working towards regaining his FSA licence. The legacy of his treatment, however, could last a lot longer.TIME LINE | HOW GARTMORE’S DOWNFALL UNFOLDEDDecember 2009: Gartmore becomes the first IPO of a private equity-owned company since the credit crisis in 2007.December 2009: Roger Guy and Guillaume Rambourg are crowned fund managers of the year.30 March 2010: Rambourg is suspended by Gartmore for “directing trades” to his favoured brokers.May 2010: Gartmore sees a net outflow of funds of almost £1bn as clients react to Rambourg’s suspension.2 June 2010: The Financial Services Authority (FSA) announces it will launch its own investigation into Rambourg.15 July 2010 : Rambourg resigns to concentrate on the FSA investigation.18 August 2010 : Gartmore’s assets under management fall 10 per cent to £19.9bn according to its six month results.8 November 2010 : Roger Guy sensationally resigns from the firm. Beleaguered Gartmore immediately places itself on the market. It says it will implement a strict cost-cutting drive and issue new equity representing 15 per cent of its existing share capital, in order to retain and incentivise staff.13 January 2011: Fund manager Henderson confirms it will buy Gartmore in a deal valuing the firm at £335m – half of its year-old IPO value. Share Tuesday 29 March 2011 8:57 pmlast_img read more

 

Chemring makes £55m purchase

first_img 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Share KCS-content whatsapp whatsapp Chemring makes £55m purchase Tags: NULL British military equipment maker Chemring is to spend £55m buying a business that supplies the US military with devices for detecting chemical and biological threats. Chemring said in a statement yesterday that it had agreed to buy the Detection Systems operations and other related assets from General Dynamics Corporation in a cash deal that will be funded through the issue of new shares. Wednesday 20 April 2011 7:43 pm Show Comments ▼last_img read more

 

Playtech targets ‘strategic and operational’ progress

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Topics: Casino & games Finance Sports betting Strategy Subscribe to the iGaming newsletter 16th May 2018 | By contenteditor Playtech has said in a trading update that it has made “significant progress” on its strategy this year, with growth across a number of business sectors. Published this morning (Wednesday) ahead of its Annual General Meeting, the update said Playtech has enjoyed both “organic and inorganic” progress so far this year. Other key highlights from the first five months of 2018 include the acquisition of Snaitech, which, once complete, Playtech said will create the first vertically integrated gambling operator in Italy and also provide material earnings accretion. The company has also secured new sports and casino agreements with operators including SAS in Portugal and Totalizator Sportowy in Poland, which it said will “deliver significant long-term growth opportunities”. Playtech’s B2B gaming division has had mixed success this year, with average daily revenue excluding Asia up compared to the same period last year, but daily average revenue in Asia down. The company said this was expected and management is “taking steps to protect its position in the region and drive revenues”. Elsewhere, the B2C gaming division is performing in line with expectations with the Sun Bingo contract continuing to see some revenue improvement, while the TradeTech Group has also enjoyed a strong start to the year. Playtech added: “Management is confident that achievements in 2017 and in 2018 to date have delivered a strong platform for further strategic and operational progress in 2018.”Related article: Playtech agrees €846m Snaitech dealcenter_img Email Address Playtech targets ‘strategic and operational’ progress Tags: Mobile Online Gambling Playtech has said in a trading update that it has made “significant progress” on its strategy this year, with growth across a number of business sectorslast_img read more

 

Re-Wild by WorldMatch

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 25th March 2019 | By Aaron Noy Subscribe to the iGaming newsletter Topics: Casino & games Slots Re-Wild’s 5×3 layout recalls of the most classical theme of slot machines and traditional symbols, which have yet been modernized and launched into outer space. Re-Wild’s 5×3 layout recalls of the most classical theme of slot machines and traditional symbols, which have yet been modernized and launched into outer space.This slot awards players with a worthy Respin feature: when Wild symbol occurs, the symbol expands and keeps still there during the following Respin that starts straight afterwards and provides players with new chances of winning!You can try a demo of this game here! Email Address Re-Wild by WorldMatch Casino & gameslast_img read more

 

Optimove iGaming Pulse – March 2020

first_img Topics: Casino & games Marketing & affiliates Sports betting Mobile bet rate rises further There’s been a generally rising trend in the mobile bet rate in recent times, and last month this was up 40% YoY and 8% MoM, with the figure now standing at 67%. In Italy, however, we saw a decrease both MoM (by 5%) and YoY (by 4%). Deposit amounts and conversion rates were up in the casino vertical as sports bettors starved of fixtures turned their attention to casino games instead.With so many people currently self-isolating or quarantined as countries around the world attempt to combat the spread of coronavirus, the online gaming industry is booming.Although most sporting events have been cancelled or postponed, the decline in numbers last month wasn’t as extreme as one might have expected. It’s important to note that until mid-March, many sporting events were still taking place and this is evident in this report.The players who continue to play online right now (both casino and sports) are probably the stronger, more experienced players. Here we analyse online playing activity in different European countries in March.Sporting standstill Although most of the big sporting leagues have shut down, betting on leagues that are more niche is still possible. For example, still playing are the Belarusian Premier League, Tajikistan football, Nicaraguan baseball and a few horse racing events that are taking place without any crowds.However, overall the average number of deposits per player decreased by 6% month-on-month (MoM). Perhaps surprisingly, on a year-on-year (YoY) basis these were up 4%. Optimove iGaming Pulse – March 2020 In Spain, on the other hand, there was a decrease of 18% MoM but a slight increase of 3% YoY. In Germany, the falls were more significant, with a 16% decrease MoM and a 12% decrease YoY. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Perhaps unsurprisingly given the lack of sporting events, new retention rates – players who made their first deposit in February and remained active in March – suffered even larger falls.In Italy, for example, there was a 15% MoM decrease and an 18% YoY decrease in the new retention rate. Regions: Europe The same trend appeared in monthly revenue per player, where there was a decrease of 11% MoM but an increase of 9% YoY. The key takeaway from last month is that with most sport betting events cancelled or postponed and physical casinos closed, more people are turning to online casino games for entertainment. It will be interesting to see if this trend persists in the coming months.About iGaming Pulse: iGaming Pulse is an industry benchmark tool for the gaming sector. iGaming Pulse enables gaming operators to accurately assess their overall performance against industry-wide key performance indicators.Its figures are updated on a monthly basis. It enables gaming operators to gain a clearer understanding of how their KPIs compare against the rest of the industry, broken down by geography and game type. This type of data, which is made publicly available for the first time, provides operators with the ability to conduct comparative analysis and derive insight into how their performance compares with industry averages.iGaming Pulse comprises of data collected from over 200 online casinos and sports betting companies, including industry giants and boutique operators, providing an accurate, statistically significant sample of the industry. Access to this information is vital for operators that are limited to only their own data. Optimove’s iGaming Pulse is now fully accessible, ensuring operators will have a clearer overview of how they compare to the industry. In the UK, the trend was negative across the board,  with a decrease of 22% MoM and a decrease of 15% YoY.center_img Email Address In the Netherlands, the increase was particularly strong – we saw an increase of 9% MoM and 11% YoY, taking the average single deposit amount to €51. Casino & games We saw an even more pronounced upward trend in Italy, with conversion rates last month standing at 58%, an increase of 18% both Mom and YoY. With minimal sports to bet on, it’s obvious that players are turning to casino games in Italy. Strong conversion The conversion rate – the number of first-time depositors divided by the number of registered players – also improved last month.The overall conversion rate increased by 8% MoM, with an even greater increase of 24% YoY. This means the conversion rate now stands at 44%, compared with 33% in the same month last year. Bettors turn to casino Since the beginning of March, the number of casino players has been increasing every week. In part this is due to an increase in sports bettors turning to casino games.As of March, the average single deposit amount was €34. That represented a 3% MoM increase but a 6% YoY decrease. 7th April 2020 | By Joanne Christie Tags: Mobile Online Gambling Deposit amounts and conversion rates were up in the casino vertical as sports bettors starved of fixtures turned their attention to casino games instead Subscribe to the iGaming newsletter The overall retention rate among sports betting players decreased by 7% MoM and 5% YoY.last_img read more

 

ESportsCentral expands into gambling affiliate partnerships

first_img Topics: Casino & games Esports Marketing & affiliates Sports betting Video gaming 11th June 2020 | By contenteditor Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Alternative media business Media Central Corporation has entered a number of affiliate marketing partnerships with esports gambling websites as part of an effort to further monetise its new ECentralSports digital media platform.The arrangements will see ECentralSports add gambling to its content offering, with a dedicated gambling stream to link to several operators including Loot.Bet, ArchaneBet, and BeWinner.The stream will focus on Counter Stike: Global Offensive (CS:GO), League of Legends and Dota 2, which ECentralSports noted account for 85% of esports betting activity.Launched earlier this month, ECentralSports provides users with access to news, gaming coverage, analysis, events and lifestyle features, all focused on the esports sector.“We are working on creating content to help our readers find the online betting platform that works best for them,” ECentralSports editor John Lucas said. “This adds to our overall content offering and positions ECentralSports as a go-to hub for all things esports.”Media Central chief executive Brian Kalish added: “The fact that we have just launched ECentralSports mere weeks ago and have already introduced affiliate marketing to monetize the site proves how committed we are to creating a profitable and modern media company that delivers value to shareholders.“Affiliate marketing has already proven to drive revenue and ROI across our other platforms, and we look forward to similar results with ECentralSports.”center_img ESportsCentral expands into gambling affiliate partnerships Alternative media business Media Central Corporation has entered a number of affiliate marketing partnerships with esports gambling websites as part of an effort to further monetise its new ECentralSports digital media platform. Email Address Tags: Video Gaminglast_img read more

 

Further JRA off-track betting facilities set to reopen

first_imgAll of JRA’s OTB sites were forced to temporarily close in February due to the novel coronavirus (Covid-19) pandemic, but the organisation began to reopen the facilities from July. Topics: Sports betting Horse racing Before starting work, JRA staff will have their temperature taken, record their physical condition and disinfect their hands, as well as wear masks, gloves and face shields while working. 16th September 2020 | By Aaron Noy High-touch surfaces inside the shops will be cleaned and disinfected frequently, while plexiglass barriers and vinyl curtains will be installed at certain points to help prevent airborne exposure. In addition, JRA will refuse entry to anyone that has come into close contact with someone that has tested positive Covid-19, or people who have travelled to a region or country that has been placed under government restriction. Regions: Asia Japan The Japanese Racing Association (JRA) has announced it will reopen its J-Place Kasamatsu, Ena and Tosu off-track betting (OTB) facilities from 19 September. Horse racing Customers’ will also have their temperature upon entry, while anyone showing any symptoms of Covid-19 should not attempt to enter the shops. The JRA also said it will continue to restrict the number of people allowed inside at one time. Email Addresscenter_img The latest batch of reopenings comes after the JRA last week also announced that it was to resume operations at its Park Wins, Wins and J-Place OTB facilities. Teller betting windows will remain closed, shops will not offer complimentary beverages, while media halls, seating sections and smoking areas will be out of use. However, despite the partial reopening of its OTB network, the JRA last month said horse racing in the country will continue to take place behind closed doors until at least 4 October. Subscribe to the iGaming newsletter J-Place OTB locations in Kasamatsu, Ena and Tosu will all operate with a limited service offering, including not providing live race footage or odds information to customers. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Visitors will be required to wear a face mask when inside the facility, as well as maintain distance from other people and sanitise their hands before entering the facility. The Japanese Racing Association (JRA) has announced it will reopen its J-Place Kasamatsu, Ena and Tosu off-track betting (OTB) facilities from 19 September. Further JRA off-track betting facilities set to reopenlast_img read more

 

William Hill makes LatAm move with Alfabet deal

first_imgIn related news, Btobet, the sportsbook technology provider acquired by Aspire Global in October last year, has signed a Colombian-facing partnership with William Hill.  “We are delighted to announce our acquisition of a majority share in Alfabet and with it, our first entry into a regulated Latin American state,” William Hill chief executive Ulrik Bengtsson said.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: William Hill Aspire Global Mr Green Alfabet Email Address This will see Btobet provide its player account management platform and sportsbook software to William Hill in the market.  William Hill makes LatAm move with Alfabet deal 4th January 2021 | By Robin Harrison “The Colombian regulated market is a role model for the Latin American gambling sector, and we are excited by this opportunity to deliver a very competitive product and safe player experience under the William Hill brand  in the country.” Neither the size of its stake, nor the price paid, have been disclosed.  Topics: Strategy M&A Alfabet has been active in the market since 2018, under a licence issued by the country’s gambling regulator Coljuegos and via the BetAlfa brand. Colombia becomes the ninth regulated market in which William Hill is now active. center_img Regions: LATAM Colombia “The deal is proof of our ability to attract tier 1 operators and that we are in the position to compete for any deal, anywhere,” Maimon explained. “Aspire Global is a true powerhouse for igaming operators and the deal is another step in our aim to become the world’s leading igaming supplier.” William Hill’s international expansion has also seen it launch the Mr Green brand in the Latvian market. This becomes its second brand in the country, after 11.lv, with the operator to use the operational know-how gained through operating that site.  Aspire Global CEO Tsachi Maimon added that the deal demonstrates the strength of Btobet’s offering and services.  “Combining the local competence from our Latvian team, a strong product and brand, allows us to confidently look forward at doubling our presence in the Latvian market,” Patrick Jonker, managing director of William Hill International and CEO of Mr Green, commented. “Of course, we are also excited to be using the Green Gaming framework to further solidify our group’s leadership in the responsible gaming area of our business.” The deal, for €20m, was agreed in September 2020, and was quickly followed by a similar agreement with Flutter Entertainment’s Betfair brand, also covering the Colombian market. M&A “We are thrilled by this partnership and the opportunity to provide players in Colombia with a superior gaming experience,” Bengtsson said of the deal. “We always look for the best localised solutions and BtoBet are well placed in the Colombian betting market.” Subscribe to the iGaming newsletter William Hill has moved to further diversify its international operations, acquiring a majority holding in licensed Colombian operator Alfabet, while signing up Aspire Global’s Btobet to power its offering in the country. last_img read more