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David Rudisha To Miss The World Championships

first_imgRudisha ran a world-leading 1:43.35 in the 800m at the Istvan Gyulai Memorial in Hungary few weeks ago in preparation to defend his title in London, where he set a world record of 1.40. 91s in 2012In his absence, fellow compatriot Emmanuel Korir and Botswana’s Nijel Amos, who are currently leading in ranking this year will battle for the 800m crown at the championships. Men’s 800m world record holder David Rudisha will sit out the IAAF World Athletics Championship holding this August in London citing a quad muscle strain.The defending champion made this known via his twitter account on Monday. Relatedlast_img

Done Deal: Crystal Palace Signs Fosu-Mensah From Manchester United

first_imgSpeaking to Crystal Palace’s official website after the move, Fosu-Mensah said: “The manager spoke to me about coming down to join Crystal Palace and it was clear that he wanted me to be part of his squad which as a player gives you a great feeling straight away. I must now repay that back by putting in some good performances for the club.”“I am only 19 years old and still have a lot to learn and therefore getting the opportunity to play more games on a regular basis will help my development.” he added. Related Crystal Palace have announced the signing of Manchester United defender, Timothy Fosu-Mensah, on a season-long loan deal.19-year-old Fosu-Mensah, who can play in a variety of defensive and midfield positions, has made just 21 appearances for Manchester United first team do far.center_img The move means Timothy Fosu-Mensah reunites with Crystal Palace new manager, Frank de Boer, whom Fosu-Mensah worked with at Ajax.Frank de Boer explained: “Timothy is a player who has great pace and incredible physical ability. In today’s game, you need players with strength and speed and is a player who can also play in midfield.“I am seeing him in our system as a right centre back but he can also play full back in a 4-3-3.”Timothy Fosu-Mensah signed a new five-year contract with Manchester United last October, keeping him at Old Trafford until 2020.last_img read more

Bwin explores Polish options, as competition exits market

first_img Breaking industry trends, GVC Holdings (GVC) European online betting subsidiary Bwin is reported to be pursuing a new Polish operator license despite a severe 12% ‘betting turnover tax’ being implemented this month.Having refused to restructure its new Gambling Act, amid protest from European industry stakeholders, the Polish government has imposed its new online gambling regulatory provisions.In preparation for new market regulations, this March operators Energybet, William Hill, OlympicBet, bet365 and Pinnacle announced that they would no longer service the Polish market, detailing that the imposed turnover tax made Poland, no longer a viable market for bookmaker services and operations.However, GVC’s Bwin brand appears to have taken the opposite approach informing its Polish customers that it will apply for an operator licence, allowing for its continued wagering services. The bookmaker further states that it is in ‘constant contact with Polish authorities’ regarding its licencing process.New regulations attached to Poland’s new Gambling Act have been criticized by several industry bodies accusing the government of creating business conditions which will favour state-run gambling enterprise Totlizator Sportowy.Last September the Remote Gambling Association (RGA) urged the Polish government to drop its new framework stating that its 12 turnover tax would significantly reduce competition, creating an ineffective marketplace where Polish consumers will seek to wager with unlicensed and unregulated bookmakers.The Polish Government has hit back at critics, stating that it will support its Gambling Act, with stricter access provisions creating a black-list and IP and bank transfer blocking to several European betting operators.Although Bwin has confirmed that it is in talks with Polish representatives, the operator is yet to fully confirm whether it will commit to the Polish betting market. Polish wagering report highlights STS market dominance  August 17, 2020 Submit Share Related Articles GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020 Share StumbleUponlast_img read more

Next Level – Better Collective pushes for Stockholm IPO

first_img Bettingexpert crowns TheTrollmanSha World Tipster Champion  July 2, 2020 Related Articles StumbleUpon Share Jesper Søgaard – Better CollectiveThe governance of industry affiliate marketing group Better Collective has disclosed that it intends to pursue a public listing on the Stockholm Nasdaq Exchange.Issuing a corporate update, the Copenhagen-based enterprise, details that it seeks to diversify its shareholder base, improving its access to capital markets.The funds raised through its Stockholm IPO, will be used to further Better Collective’s ongoing acquisition growth strategy, expanding the firm’s multi-market affiliate network.Founded in 2002, by Jesper Søgaard (CEO) and Christian K Rasmussen (COO), Better Collective has developed some the betting sectors highest coverage affiliate portals, including leading European sports betting community bettingexpert.com. Jesper Søgaard, co-founder and CEO of Better Collective:“Since Christian and I started the Better Collective journey together in 2002, we have made it our mission to make sports betting and gambling entertaining, transparent and fair. In recent years, we really went beyond the organic growth path and started executing our M&A-strategy. We have delivered solid growth, launched new innovative products, and lifted the company to new standards on all levels. We find ourselves in a strong position based on our scale, international presence, and technological expertise. We find that the time is right for accelerating our growth even further and taking a leading role in the ongoing consolidation of iGaming affiliates.”Throughout 2017 and 2018, Better Collective has moved to strengthen its governance structure, with the company having enlarged its operational entity through M&A, and with a view to assessing future corporate growth options.Furthermore, as a technology firm Better Collective has moved beyond the ‘betting affiliate space’, developing a number of innovative bookmaker API integrations, expanding its player community dynamics.Jens Bager – Better CollectiveJens Bager, Chairman of the Board of Better Collective: “Better Collective has been on a continuous growth journey. The financial results speak for themselves, with an average revenue growth of 52% (CAGR) since 2015. Better Collective is well-positioned to leverage the many opportunities in a booming iGaming market, and we believe the IPO offers an optimal funding set-up to continue the proactive acquisition strategy.“We have prepared for the journey ahead by building a talented management team that is led by the founders, both of whom have unusually long track records in this young industry. With equally strong experience from large-cap companies sitting on our board of directors, I believe Better Collective is in a great position to reach the next level.” Better Collective Spotlight: How Betarades.gr is driving engagement through YouTube July 30, 2020 Share Submit Better Collective cautious on quick recovery as COVID drags growth momentum August 25, 2020last_img read more

Kindred integrates new GiG Comply technology to monitor affiliate activity

first_img Share Gaming Innovation Group (GiG) has penned a new deal with Kindred Group which will see them integrate its new B2B marketing compliance technology, GiG Comply, across its business model.The new technology will allow Kindred to track affiliate activity and content across its online betting and gaming brands, ensuring that compliance is upheld. It will also offer the chance to monitor affiliates via promotional content including text, image and banner promotions.Richard Brown, chief operations officer at GiG, commented: “We are delighted to have partnered with Kindred Group to support them to protect their brands and end users. Kindred is one of the leaders in gambling compliance and we share the same ambition for a safe and trusted gambling environment. “Our leading marketing and compliance technology will allow the Kindred Affiliates team to monitor and control affiliate mentions, alongside their existing processes.”Kindred will be able to utilise the new GiG Comply software in order to scan up to 30,000 web pages per day, which will produce a daily list of locations where its brands are mentioned. This will help Kindred ensure that it can protect all of its brands in a changing regulatory environment.Ryan Henderson, head of affiliates at Kindred Group added: I am looking forward to working with the GiG Comply product to strengthen our existing compliance processes and ensure our Affiliate activity is compliant and sustainable. Unibet backs #GoRacingGreen as lead racing charity  July 28, 2020 Share GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020 Related Articles Mace launches EQ Connect to solve the industry’s ‘single view’ conundrum on identifying risk  August 10, 2020 StumbleUpon Submitlast_img read more

Sokratis Kokkalis calls on Intralot operating review following ‘year of declines’

first_img Related Articles Intralot strengthens U*BET offering with virtual sports addition August 6, 2020 Intralot accelerates Nederlandse Loterij retail transformation July 29, 2020 Share Intralot SPA Group Chairman & CEO Sokratis Kokkalis has confirmed that the Athens-listed gambling technology firm will undertake a full-scale operating review and cost reduction plan, following a year of corporate declines witnessed across all Intralot business verticals. Publishing its full-year 2018 results, Intralot records a -6.4% decline in group revenues to €870 million (FY2017: €930m), as governance reports diminishing growth across its core business segments of Licensed Operations (-3.5%), Game Management (-9%) and Technology Contracts (-12%). Adding further woes to the Greek gambling group’s 2018 performance, Intralot earnings would be impacted by severe FX declines against the € recorded across its Argentine and Turkish units, resulting in a 23% EBITDA decline to  €116 million (FY2017: €151m). Further operating concerns see Intralot governance report slowdowns in revenue performance across the jurisdictions of Greece, USA, Australia and Argentina. Despite the operating declines, Intralot governance was able to narrow 2018 net losses to  -€25 million (FY2017: -€58m). Nevertheless, closing a turbulent 2018, Intralot records further corporate declines in key metrics with regards to operating cashflow reduced to  €88 million (€118m), and corporate net-debt increased to €615 million (FY2017: €510m). Retaking day-to-day leadership of Intralot this March, majority shareholder and company founder Sokratis Kokkalis has begun to implement a corporate restructure,  following Intralot’s costly loss of exclusive Turkish tender servicing betting monopoly IDDAA.Updating the market, CEO Sokratis Kokkalis detailed –  “The reported revenue and earnings contraction during 2018 points to the need for a wide reorganisation of our production and operational capabilities towards significant cost reductions and operational efficiencies. This is why we recently conducted a management reshuffle in order to design and implement a new cost-reduction plan through better synergies between divisions and between headquarters and subsidiaries. I am personally committed and focused on our mission to best address the needs of our clients and to improve the cash flow generation of our business through a combination of new business and organic growth opportunities, coupled with cost optimisation, while continuing divestment from non-core assets when market conditions are favourable.” Share Intralot enhances Malta games offering with E*SOCCER launch July 13, 2020 Submit StumbleUponlast_img read more

Martin Lycka: Online gambling regulation – quo vadis?

first_img Share StumbleUpon Share Submit In the first of a series of columns on international gambling legislation, GVC’s Director of Regulatory Affairs Martin Lycka takes a look at the history of gambling law and identifies the key elements that link the most successful regulations.When I joined the online gambling industry ten years ago one of the ultimate regulatory goals was to convince the European Commission to harmonise online gambling regulation on the EU level – this would have effectively meant that a single EU licence would have opened the doors to online gambling markets in all the EU Member States.Paradoxically, this would have also meant that my then nascent career could have been over even before it began. Online gambling regulation in all EU nations would have been one and the same; outside of Europe, the US authorities were at that point of the very firm view that online gambling needed to remain prohibited and most other countries around the world had next to no appetite to wrestle with the joys and intricacies of online gambling. As a result, back then there would have been no need to have had one of my kind, i.e. a gambling regulatory lawyer.Fast forward ten years and behold the regulatory landscape…. how things and times have changed. Most of the EU Member States have regulated – most of them in their own specific way. Following the decision in the Murphy v. NCAA case, an ever-increasing number of US states are getting to grips with what I have heard ESPN lovingly refer to as the “betting thing” (i.e. online betting and its regulation). The province of Buenos Aires intends to launch its own betting licence tender process and the Brazilian government is figuring out the most efficient way of tackling online gambling regulation in their country.In the wake of these developments gambling regulatory lawyers, who at one point would have appeared to be heading for the job centre, have been busier than ever; trying their best to navigate the choppy waters and stranger tides of regulation – sometimes with a lot of wit, at other times rather at our collective wit’s end.It is not only the gambling regulatory landscape that has changed massively throughout the years. Gambling-related technology and digitalisation processes have been evolving at a vertiginous pace as well. Most, if not all the processes, that were still manual a few years ago are fully automated these days.As an industry we are even looking into introducing sophisticated AI processes on our sites and technological stacks with a view to further enhancing the level of consumer protection we already offer our customers, in particular in the spheres of responsible gambling, sports integrity and anti-money laundering. All this sounds glorious, and actually it is (in particular for somebody with a law degree who might never be able to decipher the technical knottiness that underlies all these systems). But it also begs the question whether regulation can keep pace with these developments and in what way this can be achieved.In this regard, and many others, there is no such thing as perfect regulation providing a silver bullet that could whizz through the air and knock down all its targets, in this case in the form of gambling concepts that require regulation.Having said that, I strongly believe that any gambling regulation needs to meet two key general requirements to be successful:1) be sufficiently flexible to be able to cater for product and technological evolution while permitting voluntary commitments at the industry’s end going above and beyond the letter of the law2) be strict but reasonable with a view to ensuring the highest possible levels of consumer protection without however putting a regulatory onus on the operators beyond the point of commercial viability.The example of the French regulation has demonstrated throughout the years that a combination of a high turnover tax and a ban on one of the two most popular online gambling categories is conducive to persistence, if not a growth, of a black market.On the other hand, jurisdictions such as Denmark or Spain have managed to show that sensible regulation that meets the two key principles outlined above has the ability and power to steer online gambling into controllable channels, the existence of which, is ultimately beneficial to everyone involved; the operators, the regulators and most importantly, the customers.The whole industry is now looking into how the proverbial regulatory gauntlet will be worn in the US, Brazil and (with rather bated breath) in Germany and the Netherlands.I would suggest that all the four jurisdictions (or individual states therein) draw inspiration from the jurisdictions that have successfully regulated their respective gambling markets in the recent past and take advantage of the best practices that already exist. This is the best way to avoid a situation where customers might be tempted by the shady tentacles of the black market, i.e. the market of those online gambling operators that will never ever be prepared to take out any licences anywhere.More about all this next time …Martin Lycka is Director of Regulatory Affairs at GVC Group. Before that he spent nearly ten years at Paddy Power Betfair working on international markets. He is a self-confessed fan of Love, Actually. Views expressed are personal and not necessarily those of GVC Group.last_img read more

GiG divests B2C arm to Betsson AB for €31 million

first_img GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020 GiG ups code security oversight with Checkmarx July 10, 2020 Betsson outrides pandemic challenges as regulatory dramas loom July 21, 2020 Share Related Articles StumbleUpon Issuing a market filing this morning, Stockholm-listed Gaming Innovation Group (GiG) has disclosed that it will divest its entire B2C unit to Betsson AB.The company confirmed that it has agreed terms on a share purchase agreement worth €31 million, consisting of a €22.3 million cash payment for the assets on top of a further  €8.7 million prepaid platform fee.The deal sees Betsson takeover management of GiG’s entire B2C portfolio including flagship domains Rizk, Guts, Kaboo and Thrills.Deal terms stipulate that Betsson must commit to maintaining all GIG B2C brands on the GIG platforms for a minimum term of 24 months, with Betsson paying platform fees based on net gaming revenue (NGR) performance.Based on the expected platform fees, the total value of the transaction is estimated at approximately €50 million. Betsson governance describes the transaction as fundamental to developing the firm’s new B2B sportsbook offering.Confirming the transaction, Betsson AB CEO Pontus Lindwall commented: “We believe this deal offers a good opportunity for Betsson to consolidate, create synergies and apply our core B2C skills and marketing insights to scale these assets to their true potential. The agreement with GiG further strengthens and expands Betsson’s outreach and growth potential for its proprietary sportsbook and payments platforms in the B2B market.”In its transaction note, GIG governance reveals that the sale of its B2C unit was agreed as part of the firm’s strategic review, in which GiG would divest its brand portfolio to focus on B2B growth.GiG revealed that its future platform provisions will be ‘sportsbook agnostic’ – a decision which will allow Betsson’s sportsbook solution to be integrated within GiG’s platform-offering.Richard Brown, Chief Executive Officer of GiG, said: “ This transaction serves as a strategic focusing of the Company’s efforts towards the B2B segment. Offering both B2C and B2B services had synergies in the past, however, the current conflicting priorities of the two business areas, and increased complexity in the market, have lessened the potential offering on both fronts and our ability to sign new customers.“I am delighted to retain our brands on the platform and in the process, adding Betsson as a partner as we share the same ambition of responsibility for all stakeholders, safe play for the end-user, and entertaining user experience. I am certain that together with their speciality, focus and strong track record on driving B2C growth, it will be a fruitful partnership.“Additionally, the planned integration of Betsson’s sportsbook into our platform offering, not only provides cost-saving synergies, it also allows us to offer one of the most well-renowned European sportsbooks to our current and future B2B partners. We are excited to support Betsson’s growth of the brands we have built and now look forward to GiG next chapter as a specialist iGaming B2B provider.” Share Submitlast_img read more

Atsu’s Newcastle future in doubt as club targets big name recruits

first_imgNewcastle United fans are perhaps the most excited group of fans in the Premier League at the moment.Fans are celebrating the prospect of competing for trophies when football resumes, after the sale of their club to Saudi Arabia Public Investment Fund, who boast of assets worth around £260 billion.The Arabs are said to be bent on transforming the Magpies into English football giants, with huge investments expected, and strong reports of plans to hire a new manager.This has left the future of the some of the current members of the playing squad in the balance, and Ghana’s Christian Atsu is one of them.Atsu hasn’t had the best of seasons so far for Newcastle, with only 6 Premier League starts to his name, with a return of 3 assists and no goals.The 28 year old has fallen down the pecking order at the club, and has had to settle with substitute appearances, with Matt Richie and Allan Saint Maximin emerging as manager Steve Bruce’s preferred options out wide.This has put Atsu in the bracket of those who could be offloaded during this summer’s expected squad overhaul.Although Atsu has stated his willingness to fight for his place in the team in the past, a more viable option now will be to leave Newcastle, who look to be on the verge of taking a very different direction as a club.Atsu signed for Newcastle back in 2017 from Chelsea, after loan stints with Everton and Bournemouth, and has made 119 appearances so far for Newcastle, scoring 8 and assisting 10 times.last_img read more

AFCON 92: Eddie Ansah could’ve done better in the penalty shootout – Otto Pfister

first_imgGhana could’ve won the 1992 AFCON had goalkeeper Edward Ansah, done better in the penalty shootout, according to then Head Coach Otto Pfister.Ghana lost 11-10 on penalties to neighbours Cote d’ Ivoire in an epic shootout, without talismanic captain Abedi Ayew Pele.Most fans and pundits alike have based the Black Stars’ defeat in that game on the absence of Abedi Pele.However Otto Pfister has partly blamed the defeat on the poor performance of goalkeeper Edward Ansah during the shootout.”Some people blamed Tony Baffoe for the defeat after he missed the penalty.“But I won’t blame him because anyone can miss a penalty, even Maradona has missed one before,” Pfister said in an exclusive interview with Citi Sports.“Penalties can sometimes be luck, but losing a final 11-10 on penalties says a lot.“It’s not easy but Ansah was not 100% concentrated. If he had saved one kick we may have won the cup,” he added.Ghana came close to winning the AFCON again in 2015, but were once again defeated by Côte d’Ivoire in the final.last_img read more

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