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Month: August 2020

WI Stafanie Taylor all-round efforts puts Thunder top of Big Bash

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first_imgBRISBANE, Australia, CMC – West Indies women captain Stafanie Taylor extended her excellent form in the Women’s Big Bash, conjuring up a Player-of-the-Match performance to fire Sydney Thunder to a comfortable six-wicket win over Hobart Hurricanes and propel them top of the standings. Playing on Friday at the Gabba, Taylor first starred with ball claiming three wickets with her off-spin as Hurricanes, asked to bat, were restricted to a still challenging 153 for nine off their 20 overs. .Twenty-year-old Erin Fazackerley top-scored with 35 off 21 balls, posting 43 for the first wicket with exciting Indian stroke-maker Smriti Mandhana, whose 29 came from 22 deliveries.When Hurricanes slipped to 82 for three in the 10th over, Heather Knight carved out 34 off 28 balls in a 46-run, fourth wicket partnership with Corinne Hall (17) to bolster the innings.Taylor claimed three for 24 from her four overs, accounting for the key wickets of Fazackerley and Knight.Seamers Samantha Bates (2-16) and Rene Farrell (2-34) supported with two wickets apiece.In reply, Thunder were carried by Naomi Stalenberg who top-scored 55 from 39 balls and New Zealand Rachel Priest who hit 40 from 21 deliveries, the pair adding 74 for the second wicket.Stalenberg, who struck five fours and a pair of sixes, put on 31 for the third wicket with Harmanpreet Kaur (13) before she finally departed in the 13th over.Taylor, who stroked an unbeaten 20 off 15 balls then combined with her captain Alex Blackwell (20 not out) in an unbroken 36-run, fifth wicket stand to see Thunder home.Taylor has already taken 13 wickets in six matches, and also hit a half-century against Adelaide Strikers last Sunday.last_img read more

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Nominees for Jamaica National Civil Honors & Awards 2019

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first_imgNominations are being accepted for the Jamaica National Honors and Awards for 2019.  The nomination forms and guidelines are available online through the Chancery of the Orders of the Societies of Honour, Office of the Prime Minister, (www.opm.gov.jm) or through the overseas locations of the Jamaican Foreign Missions. March 29 deadlineThe deadline for submission is Friday, March 29, 2019.  Completed nomination forms can be submitted via email ([email protected]), or by mail, to The Chancery of the Orders of the Societies of Honor, Office of the Prime Minister, 1 Devon Road, Kingston 10, Jamaica.  Nomination forms, once submitted, will remain confidential and should be accompanied by a current and brief biographical outline of achievements of service rendered by the nominee.  In cases where the candidate is not a citizen of a Jamaica, the Government of Jamaica is required to obtain the approval of the relevant Commonwealth or foreign government prior to the award of any Order of Decoration to that nominee.National Honors and Awards are administered by the Chancery of the Orders of the Societies of Honor in the Office of the Prime Minister, under the National Honors and Awards Act, of July 1969, to formally recognize those who have contributed through their service and have had a meaningful and significant impact on national life.Honorees to be announced on Aug 6, 2019Orders are used to recognize merit relating to achievement and service while Decorations and Awards acknowledge nominees for bravery, meritorious long and/or valuable service and/or good conduct. Honorees will be announced on Jamaica Independence Day, August 6, 2019.Candidates can be nominated for honors and awards in the following categories:- The Order of Merit (OM); The Order of Jamaica (OJ); The Order of Distinction in the rank of Commander (CD) or rank of Officer (OD).  Decorations and Awards are given for Badges of Honor for Gallantry (BHG), Meritorious Service (BHM) or Long and Faithful Service (BHL).last_img read more

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Antigua & Barbuda win, Dominica lose in CONCACAF matches

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first_imgPhoto Courtesy of Jamaica Football Federation BRADENTON, Florida, Apr 4, CMC – Dillan Hadeed struck in stoppage time to spur Antigua & Barbuda to a 2-1 victory over Belize on the second day of matches in Group B of the CONCACAF Under-17 Championship qualifier on Wednesday.After playing for over an hour with the scores level at 1-1, Hadeed scored in the seventh minute of injury time to earn the Antiguans a crucial three points.Ratijah Davis gave the Benna Boys the lead in the 11th minute, but Henry David Palma equalised for Belize from the penalty spot in the 28th minute.Both teams embarked on a wave of attacks on each other’s goal until Hadeed broke through to leave the Antiguans on a high.In the day’s other action, a strong performance powered Dominican Republic past English-speaking Caribbean rival Dominica 3-0.Goals from Juan Luis Crispin Mota in the 13th minute and Isaac Baez in the 30th made it 2-0 at the break.Carlos Liriano sealed the deal for the Spanish-speaking side with a tally in the 87th minute.Group B resumes action on Friday, with Belize clashing with the Dominican Republic and Dominica taking on Antigua & Barbuda.last_img read more

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Miami-Dade Beaches to Close For July 4th Weekend

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first_img“I want to stress that I will extend this order and keep the beaches closed past July 7 if we do not see people taking this seriously.” Gimenez said that he had no other choice but to order a closure after the reports of non-compliance of residents. The mayor said he is also sending a stern warning ahead of time, that if people don’t comply with the Fourth of July restrictions, he’s willing to shut down the beaches even longer. After seeing a massive increase in COVID-19 cases last week, Mayor of Miami-Dade County Carlos Gimenez has announced that beaches will be closed for the Fourth of July weekend. Fort Lauderdale Mayor Dean Trantalis said it is also likely that other counties including Broward County will also make a similar announcement. All Miami-Dade beaches will close on July 3 and remain closed through July 7, but could be extended.Parks will continue to close at 8 p.m. daily.Fireworks displays must be viewed from home or from your car.Gatherings of more than 50 people are restricted. The order that will guide holiday activities in the county states that: “I can foresee a Fourth of July where you have throngs of people on the beach, very difficult to keep social distancing, people getting together, especially young people getting together. We now see this virus is prevalent in this age group and we want to keep this down, Gimenez said.last_img read more

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Leaked! – See Neymar’s €222m Transfer Cheque Note

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first_imgRelatedSee Photo Of Neymar Signing PSG ContractAugust 3, 2017In “Europe”Video – Watch Neymar’s Emotional Farewell Message To BarcelonaAugust 4, 2017In “Europe”Video – Watch Neymar Arrive Paris For PSG UnveilingAugust 4, 2017In “Europe” The picture of the cheque note that confirmed Neymar as the worlds most expensive footballer have been leaked on social media.25-year-old Neymar paid his buyout clause fee to Barcelona last week in accordance with Spanish laws which states that want-away players can buy themselves out of their contract, which is done by depositing the buyout clause fee to the La Liga.However, the authenticity of the cheque is still a subject of doubt, as neither Barcelona nor PSG have confirmed it’s genuity. will reportedly earn £40.3m in wages per year after tax, with around £515,000-a-week.Neymar, who has since been officially unveiled by PSG, will reportedly earn £40.3m in wages per year after tax, with around £515,000-a-week.last_img read more

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Liverpool’s Sheyi Ojo Set To Join Fulham On Loan

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first_imgSheyi Ojo, who won the FIFA U-20 World Cup with England this year and was part of Liverpool’s pre-season tour squad, will now join up with Slavisa Jokanovic’s led Fulham for the remainder of the season.Ojo joined Liverpool from MK Dons in 2011 and has had previous loan moves to Wolves and Wigan.RelatedNigerian Winger Sheyi Ojo Left Out Of Liverpool Squad To France Training TourJuly 31, 2018In “England”England-born Sheyi Ojo Declares For Super EaglesOctober 1, 2019In “National Team”Tammy Abraham Gets England Call UpSeptember 29, 2017In “England” Liverpool youngster, Sheyi Ojo, is set for a season long loan move to Championship Club, Fulham, as the 20-year-old winger seek regular football.The Merseyside club reportedly received loan offers from Fulham, Middlesbrough, Derby and Aston Villa, following manager, Jurgen Klopp’s decision to send the youngster out on loan this season.last_img read more

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This Week In Sports History

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first_imgNovember 16On the 16th of November In:-1961 – Frank Bruno, English boxer and former European boxing champion was born in Hammersmith, England;1969 – Former US President Nixon became the first president to attend a season NFL game while in office: the Dallas Cowboys beat the Washington Redskins 41-28;1971 – Moroccan football legend Mustapha Hadji, was born;1974 – England and Manchester United Legend Paul Scholes, was born;1988 – Robin Givens sued former World Heavyweight boxing champion, Mike Tyson for $125 million for libel;2003 – Lionel Messi made his first ever appearance for FC Barcelona’s senior team in a friendly against Porto. November 13On the 13th of November in:1992 – American boxer Riddick Bowe beat Evander Holyfield in 12 rounds to claim his first heavyweight boxing title;1994 – Michael Schumacher won the 45th Formula World Driver’s Championship by one point with Ferrari. November 15On the 15th of November in:1964 – Ajax and Netherlands football legend Johan Cryuff made his debut for Ajax Amsterdam against GVAV;1967 – Gustavo Poyet, Uruguayan footballer/manager, was born;1970 – Former AFCON winner and ex-Indomitable Lions Captain, Patrick Mboma, was born;1983 – Spanish Tennis player, Fernando Verdasco was born. November 14On the 14th of November in:1966 – Muhammad Ali beat Cleveland Williams on a Technical Knockout (TKO) in 3 rounds for his heavyweight title;1979 – ex French International, Jean-Alain Boumsong was born;1981 – British racing driver, Tom Ferrier was born;1985 – Belgium and FC Barcelona footballer, Thomas Vermaelen was born;1989 – West Bromwich Albion and English Footballer, Jake Livermore was born;2001 – Former Argentine Footballer and Boca Juniors legend, Juan Carlos Lorenzo died. He is mostly remembered for coaching Boca Juniors to their first two Copa Libertadores titles in their history. He was born in 1922.2010 – 61st Formula One WDC: Sebastian Vettel wins by four points;center_img November 18On the 18th of November in:-1963 – Peter Schmeichel, Danish footballer and Manchester United legendary goalkeeper was born;1970 – Joe Frazier knocked out Bob Foster in 2 rounds for the heavyweight boxing title;2012 – Lewis Hamilton won one of his four Formula One titles in the 2012 US Formula One Grand Prix.November 19On the 19th of November in:-1965 Laurent Blanc, French footballer/manager and ex-PSG manager was born;1985 English footballer and former Manchester United player, Chris Eagles, was born in Hemel Hempstead;1989 – the US men’s national team beat Trinidad 1-0 to qualify for the 1990 world cup finals in Italy. It was their first qualification for the World Cup since 1950.Related November 17On the 17th of November in:-1986 – ex-Manchester United and Portugal International Luis Nani, was born;2006 – Ferenc Puskás, Hungarian and Real Madrid legend was born. He was renowned for the number and quality of goals he scored in his football career;2013 – Sebastian Vettel won a record breaking eighth consecutive Formula One race in the 2013 United States Grand Prix.last_img read more

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BetRegal diary: Tapping into the World Cup treasure chest to boost conversion

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first_img Premier League looks to broadcast every behind-closed-door fixture August 28, 2020 Related Articles Share StumbleUpon Spotlight ups matchday commentary reach and capacity for new EPL Season  August 21, 2020 Submit Successful summer leaves Leadstar positive over industry’s recovery August 18, 2020 Share It was a case of ‘Vive La France’ almost four weeks ago as Mbappe, Pogba and co reigned supreme in Moscow, but how successful was the big event debut for BetRegal?Aly Lalani is back to review BetRegal’s World Cup performance, including competing for punters for whom brand connection means more than price value, and leveraging tournament acquisition to kick start the new season.It seems like just a few short weeks ago that I was sitting here, anxiously awaiting kick off at the World Cup. To be fair it wasn’t that long ago, nine weeks or so. The summertime sure does fly by.As we sit here, on the verge of the kick off of the new football season (sorry Championship fans), it is a good time to reflect a little on the World Cup, and more importantly to discuss how we can directly leverage our World Cup performance to kick start the new season.As enormous and exciting as the World Cup is when it comes around, when the dust settles it’s really not that long a time period. Nothing beats those first rounds where there is constant action throughout the day, yet 64 games in total is really not that many.Towards the end, punters are definitely left wanting more and it’s crucial to bridge that World Cup fever through the start of the regular football campaign.Let’s be clear. The World Cup for BetRegal was good. It wasn’t great, it wasn’t bad. It was good.If you remember, I deliberated for a while on how to accurately forecast what to expect from the first major event for a new brand. So, it was something of a relief for me that when the stakeholders met to review performance, generally there was a feeling of optimism in the air.Of course, there were areas where we need to improve, but generally there was more good than bad. We saw a better than expected average wager size, and generally were happy with where we ended up in terms of gross margin (save for a few tough results).Where we didn’t perform as well as hoped was on the new funded customer acquisition side. Given that I sit at the head of the marketing table for BetRegal.com, that falls squarely on me. The main issue is that our acquisition sources are still very Europe-focused, and specifically very UK focused.Essentially, we are competing in the most competitive market against the largest brands in the industry. By nature, the World Cup draws a much wider fan base, customers with personal connections to teams rather than punters looking for value in a line.This is where we can struggle because our pricing differentiator doesn’t speak as strongly to a recreational punter, who is likely more swayed by the large scale marketing efforts of other brands.That’s not to say we didn’t have some successes on the acquisition front. We did see strong performance from a couple of our main European affiliates, who were able to perform better than expected. We also ran an affiliate contest in South/Central America which yielded especially good results in terms of signups, but disappointed a little in terms of conversion.What was regarded as underperformance just a couple of weeks ago, is now regarded as opportunity as we embark on the new season. It’s fundamentally important that the impact of the World Cup can (and should) be present much longer than the 64 games.What we have been given is a small treasure chest of users who have generated data for us that we need to leverage. When the tap is only producing a small trickle, it’s important not to waste a drop.Take all of those registrations that didn’t fund from our South American affiliate contest as an example. Well, the top Brazilian football league (Brasileiro Serie A) begins this week, so you had better believe all of those unfunded players will be receiving a special communication and conversion offer.And what of all those users that came from an odds comparison site? Let’s make sure we highlight our first week odds to them, along with maybe a small extra incentive to wager this first week.Any user that made any type of World Cup wager with us has presented us with a nugget of information that we need to use when we communicate to them about the launch of the new season.What team did they wager on? What player(s) did they wager on? Which type of wager did they place? What was the wager result? What did they do after a win/loss? Any of these data points can be segmented multiple ways, and used as the basis for further communication.At the end of the day, the name of the game is still growth. Growing our active customer base, growing our deposits, growing our product offering, etc. As we undertake this journey, and try and navigate our course amongst these industry giants, these fundamental principles of existing customer communication are especially important, both in terms of actually generating volume without complete reliance on new customer acquisition, but also in terms of setting good habits.No matter how large (or small) we ever become, the core principle that ‘a warm lead is better than a cold lead’ will always ring true. The more information we have about a customer, the more personalised we can make the communication and offer, the more likely the customer will convert.As we develop these good habits of existing customer segmentation and communication as it relates to the 2018 football season, the plan is that this type of program will scale right along as we increase our customer acquisition. The race for World Cup fallout glory is on.last_img read more

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Winning Post: Industry braced for budget blow

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first_imgUK: football grass-roots funding – FA eyes Following the withdrawal of Shahid Khan’s £600m for Wembley Stadium, the FA has moved swiftly to identify alternative sources of revenue to fill its grass-roots funding gap, including trying to secure a proposed financial “fair return” from the betting industry. Such an idea has been periodically mooted over the past few years and was flagged by the FA in 2017 in connection with its termination of its Ladbrokes partnership. That it is raised again now is another reminder to the industry (following the US sports leagues’ integrity fees / royalty lobbying) that it is seen as a soft target when it comes to potential funding sources. Share In addressing questions on the timing of changes to stakes on FOBTs, Wright appeared to indicate that operators would be given a full year to prepare from the point at which the Statutory Instrument has been approved by Parliament. His answer precipitated “uproar” – at least as far as the Guardian was concerned. The Conservative Party’s former leader, Iain Duncan Smith (Cons, Chingford and Wood Green) expressed his dismay, branding as “rubbish” the idea that betting shops required an additional year of grace. Other MPs – including Carolyn Harris (Lab, Swansea East) and Ronnie Cowan (SNP, Inverclyde) – were also quick to vent their displeasure. In other PQs, Lord Chadlington (Cons) kept up the pressure on the Government on gambling related harm (asking why the Home Office hadn’t the foggiest about Police call-outs and problem gambling). He was joined in this enterprise by Chi Onwurah (Lab, Newcastle-upon-Tyne Central) who asked the Department for Work and Pensions how many recipients of universal credit it estimated are problem gamblers. Onwurah also received an answer to an earlier question on how well the Gambling Commission scrutinized the casino licensing application from the businessman Vasilijs Melniks (currently under criminal investigation in the Ukraine). Based upon the DCMS response, it seems that the Gambling Commission is entirely satisfied that the Gambling Commission performed its duties appropriately…which is reassuring. Melniks, meanwhile has resigned as a director of London’s Park Lane Club casino (which he owns). StumbleUpon Belgian Pro League live betting streaming deal for Stats Perform August 21, 2020 Global: crypotcurrencies – same day transfer? A new protocol is allowing users to complete cross-chain transactions – meaning value can be transferred between different blockchains such as Bitcoin and Ethereal. The open-source technology is known as the Open Federated Gateway Protocol, or OFGP for short. It has been developed by iBitcome and DEx.top and is the first federated blockchain to be built using this protocol. Known as Mallow, it is accompanied by a block explorer which enables users to examine the flow of assets and check up on transactions whenever they please. Trading between Bitcoin and Etherium will be supported through the creation of a new token known as WBCH. The value of this cryptocurrency is pegged to the price of 1 Bitcoin Cash. iBitcome has already launched a crypto wallet. The startup says its multi-crypto wallet supports the likes of Tether along with Bitcoin, Bitcoin Cash, and Ethereal. The company hopes that Mallow’s launch is going to enable existing iBitcome users to complete transfers of assets more efficiently between main chains and side chains. Users can also access DApps through the iBitcome crypto wallet – and benefit from a digital ID system which enables them to prevent fraud and maintain “full control over their identity.” As its gateway protocol is introduced to the public, iBitcome hopes to establish connections between public blockchains which may have suffered from isolation otherwise. Share 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.UK: Politics – Budget Day to bring tricks not treatsThe pumpkins are out, fake cobweb and plastic skeletons adorn the pubs – but Halloween may come early for gambling operators with duty likely to increase in Monday’s Budget statement. When the Chancellor of the Exchequer, Philip Hammond addresses Parliament in three days’ time, he is expected to put to an end five months of speculation on the future rate of remote gaming duty and the date for reduced stake maximums on machines in betting shops. It seems likely that the rate of RGD will move from 15% to 20% (and may go even higher), despite claims from within the industry that the revenue neutral rate (ie, where duty would need to be set in order to compensate for the anticipated lost revenue from FOBTs) should be around 18%. There is also a possibility that the announcement will coincide with final clarity on DCMS review implementation (more below).It says much for the quality of regulatory-political risk management that a positive outcome for the industry on Monday would be stake reduction and 20% RGD to come into force in a year’s time (rather than sooner). The handling of this particular duty change may also reinforce a few obvious truths: governments in the spotlight are unlikely to go for fiddly figures when a nice round number has a better ring; gambling companies may struggle to be taken seriously in relation to valid concerns when they complain about all taxes and all regulation; and even those ministers minded to take a pragmatic view towards the industry are sensitive to the moods of Parliament and press. While the resale of tickets has come up a number of times in Parliament (including early this year), there is no current legislative provision to prohibit touting (other than at designated football matches), leaving only the possibility of civil law action by organisers (the enforcement of which requires time consuming and expensive litigation). Until organisers can provide an easier way for customers to buy, exchange and cancel tickets there will always be a role for touts to plug the gap and make a small profit on the trade of unwanted tickets, it is for venues to weigh up the risk/reward of attempting to police it in this way.Albania: gambling regulation – dismantling an industryThe Albanian domestic gambling industry has been aggressive and expansionist for some time (both licensed and black), with a ‘mixed’ (at best) track record on harm prevention and perception management. Indeed, Albanian estimated gambling spend (c. €500m) is now approaching c. 6% of official GDP (though not all regional economic activity is effectively measured). The level of political pressure has mirrored and often surpassed similar issues in more developed markets; Albania also has the added complexity of a burgeoning organised crime sector, which inevitably has been attracted to the ‘easy cash’ of gambling (opening interesting KYC issues for the exposed supply chain as well as for operators). The Albanian government’s response has been brutal: to effectively ban arcades and betting shops, effective from the beginning of 2019. The panicked rear-guard compromise offer of the domestic industry is to close half of outlets and enforce an advertising ban. Whether this cuts much ice remains to be seen, but evidence of a rapidly and dramatically swinging pendulum of commercial exploitation and political backlash in an emerging market cannot be more stark. Next week’s Budget Statement may result in greater certainty over two of the big issues dominating the politics of gambling (remote duty and FOBTs); but the current confusion and controversy that dominates the industry is likely to persist for some time yet.   Winning Post: Third time’s the charm for England’s casinos August 17, 2020 It would also be a mistake to assume that the British industry has now found the bottom of this particular regulatory-political cycle. Some operators will not be directly affected by Monday’s announcement, but they are not immune from legislative changes that either restrict their ability to generate revenue or squeeze margins.Gambling has been a perennial soft Budget Day target in the period since the introduction of the Gambling Act. Despite George Osborne’s observation more than a decade ago (when Shadow Chancellor) that there had been too much “tinkering” with gambling taxes, HM Treasury continues to play around in this area (while the libertarian wing of the Conservative party is currently somewhat preoccupied with bigger issues than gambling). Often the pragmatic need to balance books (and score political points) has trumped the department’s philosophical desire for greater simplicity. Indeed, over the course of the last decade-and-a-half, there have been more years when the Government has made structural changes to gambling taxes than years when they have left things alone (quite a scary statistic for the GB industry).HM Treasury has never been too concerned about problem gambling (although that could change with greater NHS involvement and a keener understanding of costs to the state) but it has always had a good nose for when certain sectors are out of favour with the media and General Public. When there’s blood in the water in terms of public sentiment, Treasury thoughts of tax-raising are seldom far away. It used to be the case that 15% was the default rate of duty for betting and gaming. If RGD does move to 20% (joining machine games duty) then around 66% of non-lottery GGY in this country will be taxed at that level or higher (excluding the effect of the Horserace Levy). This may in time create a logic for raising up duty for over-the-counter betting, online betting and casino games (where the starting rate is still 15%). Moreover, if 20% becomes the new standard, so the possibility grows that those products in gambling’s ‘naughty corner’ will see tax move to an even higher level (as happened to the FOBT in the 2014 Budget). Related Articles The Government’s handling of the FOBT issue has been a masterclass in dithering – an epitome of “windsock politics”. The long and drawn-out process has been characterized by vague official pronouncements, punctuated by departmental leaks and press speculation; indications of ministerial intent have appeared to change from week to week. If gambling is in a mess, then it is in no small part due to the vacillatory nature of its political oversight during the last decade. UK: Politics – In Parliament – Wright in Fight over FOBT TimingSince his appointment as Culture Secretary in the July ministerial reshuffle, Jeremy Wright has largely managed to skirt issues of gambling regulation. That changed this week as the Member of Parliament for Rugby and Kenilworth was subjected to scrutiny by the Commons Select Committee for Culture, Media and Sport. The agenda focused on his plans to tackle ‘fake news’ and disinformation – so perhaps it was not surprising that questioning strayed onto matters of gambling policy (an area of debate which has had only the most fleeting acquaintance with unimpeachable facts and verifiable truths in recent years). However, this order alone is unlikely to address the issues identified by JCR: unless additional injunctions are taken out by neighbouring landowners (council and private) racegoers are still likely to come in to contact with touts on their way to the course and as the order cannot prevent the trade of tickets outside of the racecourse (online or at other physical locations) any losses will still be incurred to a certain extent as a result. Global: M&A Watch – Golden Nugget / Caesars Entertainment; Full House Resorts / Z Capital Partners; The FA / IPSX Group; William Hill / Sid HooperIt has been reported that Caesars Entertainment will reject any approach from the owner of the Golden Nugget casinos regarding a possible merger.The Board of Full House Resorts has rejected a proposed $132.5m takeover by Z Capital Partners and Affinity Gaming.It has been reported that International Property Securities Exchange (IPSX) Group has presented an investment proposal to the FA involving a £600m listing of Wembley Stadium.William Hill has sold its 82 on-course pitches to the operator of the Sid Hooper brand, for a price reported to be around £2m. We must suppose that Alison Thewliss is likely also to be unimpressed at the prospect of further delays on FOBT cuts – this week, the SNP Member for Glasgow Central became the latest in a long line of MPs to submit a Parliamentary Question on the timing of stake reduction. EU research agency demands urgent action on loot box consumer safeguards July 29, 2020 Operators may question why the sizeable revenues generated within football itself aren’t better distributed before other organisations within the wider ecosystem are targeted. However, if all stakeholders were to approach the problem in a collaborative way they would be more likely to identify some novel commercial or quasi-regulatory solutions which avoid the pain (and cost) of imposed legislation and inevitable disputes, in our view.UK: horseracing – not in my back yardJockey Club Racecourses (‘JCR’) has been granted an interim injunction in an attempt to prohibit the buying and selling or ‘touting’ of tickets on its property.  The action was commenced as a result of racegoers complaints of harassment by touts and potential loss to the company of £1m per year (according JCR SW Regional Director Ian Renton). The news has been reported as a big victory against the ‘scourge’ of ticket touts and, with the precedent now set, other sports and entertainment venues could follow suit and bring their own similar action. Submit It is likely that whatever happens on Monday, operators will need to take their medicine and move on. If the GB gambling industry wants its nightmare to end, it will require a degree of self-analysis (and awareness), a willingness to learn and change, and the perseverance to play the long game more collectively and more convincingly than anything seen hitherto. Belgium: gambling duty – misreading Cnut?The Belgian government is considering the legal imposition of online gambling taxes on unlicensed operators, with an added 5% tax on PSPs facilitating unlicensed payments. The problem that the Belgian government is trying to address is an obvious one: its landbased-linked licensing regime has not provided the level of domestically licensed competition necessary to completely stamp out the black market. The solution, however, is rather like the misreported story of Cnut trying to stop the tide (he was apocryphally demonstrating humility, not divine powers): black market operators are very good at avoiding state scrutiny (except where benefit is perceived, eg Germany) and perforce avoid mainstream PSPs. The plan might be to send a message rather than increase tax collection, but the message is likely to register as much with most black market operators as the duty… More broadly, the shift of public policy focus towards gambling-related harm, the greater involvement of public health bodies, the empowerment of the gambling concern lobby (thanks largely to their effective use of social media) and some spectacular own goals from the industry have raised some mountainous challenges. Some operators have responded (first in terms of raising standards on harm prevention and more recently in improving industry cohesion) but there is almost always a lag effect in these matters. For now at least, the game continues to move dangerously away from licensees, in our view. While we should always be grateful for small mercies, it would be dangerous to allow the achievement of a better than expected outcome to occlude the disastrous impact of what has gone wrong for UK licensees in recent years. A 5ppt increase in RGD would cost the industry c £180m in 2019 – or likely c. 10% of UK-related profits for exposed companies (albeit with considerable variation). Perhaps more significantly, the cost of offering bonuses will increase further, providing greater levels of competitive advantage to unlicensed gaming operators seeking to appeal to a small but dedicated (and high spending) cohort of gaming-led bonus hunters. While c. 10% of profits and perhaps a couple of ppts increase in the (currently very small) GB black market leakage rate cannot be considered disasters, the negative impact is becoming cumulative and potentially compounding from a FCF perspective for the most exposed and financially brittle operators. In a general market sell-off, it is perhaps little wonder that gambling stocks are suffering more than most….last_img read more

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“You might as well shout at the moon” – Hammond set to issue RGD hike

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first_img FDJ’s ParionsSport launches sponsorship programme for French amateur football August 24, 2020 Share Share Submit Related Articles Winamax maintains Granada CF sponsorship despite bleak Spanish outlook August 19, 2020 Vbet sponsors AS Monaco as Ligue 1 kicks off new season August 24, 2020 StumbleUpon Next Week (Monday 29 October) will see all the debate come to an end as Chancellor Philip Hammond delivers the UK Budget 2018, with industry expectations firmly set to see a significant remote gaming duty (RGD) increase.Representing the third online gambling tax constraint imposed by the government since 2014, following point-of-consumption (POC-2014) and Industry Free-Play taxes (2016), 20 and 25 per cent are the figures long mooted by figures throughout the industry.The government is seeking the plug the approximate £450m FOBTs tax hole via a +20 percent RGD charge, brought about as a result of the Department for Digital, Media, Culture & Sport’s (DCMS) confirmation that FOBTs wagering would be cut from £100 to £2.That too is also thought to be under the microscope once again come next week, with news outlets reporting a delay in implementing the mandatory cut, which was thought to come into effect in April 2019, until October of next year.Such discussions were raised at length during this year’s CasinoBeats Summit, held at Olympia London as part of the wider Betting on Sports Week, with Clive Hawkswood, chief executive officer at the Remote Gambling Association, stating that the group had put into plan open dialogues with the Treasury.Seeking to ‘mitigate the certain reality of a UK online gambling tax hike,’ Hawkswood commented: “In our communications with Treasury officials and ministers, we are focused on implementation times and securing an exact tax rate. We are engaged with Ernst & Young to run analysis on the matter, looking to find out what’s the gap left by FOBTs.“In terms of rates, the big fear is that the Treasury implements a 25% tax hike, let’s remember that they do like their round numbers”Looking to be a voice of calm Steven Effingham, Director of Tax Policy at Ernst & Young, spoke out, what he believes is apart division regarding a FOBT cut: “To me, the interesting aspect of this whole debate is that it’s pretty clear that the Treasury did not want to do the stake cut. Even in the public coverage, the Chancellor, openly tried to delay the announcement, seeking to halt the DCMS bandwagon.”James Myles, an industry analyst at ETA Delta, on the other hand, pointed to the all-around dire consequences that could be felt as a result of an RGD tax hike even hitting  20 per cent: “There doesn’t seem to be any reason for industry incumbents to spend a third more money on duty. This tax rise, driven off the back of FOBTs, marks the government’s incompetence to have made its decision without recognising the huge amount of money it will lose.”Tracey Crouch, the minister overseeing gambling has underlined that an increase in online taxes is needed ‘in order to secure government finances, and to protect the funding of vital public services’.Asked if the ‘battle has been lost already?’ Hawkswood added: “There is really no time for a grieving process, anyone who deals with the government recognises that fairness does not come into play… you might as well shout at the moon”.last_img read more

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