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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

Dinosaurs and the Battle of Killers

first_img(Visited 92 times, 1 visits today)FacebookTwitterPinterestSave分享0 An impact drove the dinosaurs extinct; or was it volcanoes?For decades, the most common tale about dinosaur extinction has been the impact hypothesis: a meteorite finished them off.  There’s the smoking-gun crater in the Yucatan, isn’t there?  This theory gets treatment as “received knowledge” by the press.  It’s simply assumed, as in PhysOrg‘s headline, “Asteroid that wiped out dinosaurs may have nearly knocked off mammals, too.”  This article claims that early marsupials perished in the flames of the impact, somehow giving placental mammals their chance.  Result: humans.Dr. Steve Brusatte of the University of Edinburgh’s School of GeoSciences, an author on the report, said: “The classic tale is that dinosaurs died out and mammals, which had been waiting in the wings for over 100 million years, then finally had their chance. But our study shows that many mammals came perilously close to extinction. If a few lucky species didn’t make it through, then mammals may have gone the way of the dinosaurs and we wouldn’t be here.“Not everyone has been convinced by the impact hypothesis (2/10/13).  Another group, noticing the huge volcanic deposits in Indian known as the Deccan Traps, has fingered volcanoes as the agent of dinosaur demise.  Those eruptions blanketed 123,000 cubic miles with lava.  Supporters of the volcano hypothesis, championed for years by Princeton geologist Gerta Keller, also claim that dinosaurs were on the decline tens of thousands of years before the Chicxulub impact event.Now, according to Princeton researchers, better dates from zircons have become available that put the extinction closer to the time the India volcanoes were erupting.  “An incredible outpouring of lava 66 million years ago could have set off environmental changes that killed off the dinosaurs,” Becky Oskin writes for Live Science.  The Princeton geologists do not deny the meteor strike, but assign it a finishing-off role to an extinction that was already underway.  The most intense phase of the Deccan Traps eruptions was 66.29 million years ago, according to the newer zircon dating methods.  It had started a million years before the K-T impact, according to PhysOrg, but then became more intense 250,000 years prior.What’s not often stated by the meteorite theorists is that the extinction occurred 30,000 years after the impact.  That’s not quite the instantaneous die-off pictured in the TV shows.The volcano theorists have their troubles, too.  The dates were calculated from selective zircons at particular layers.  “We don’t know which of the flows correlates with the extinction,” geologist Blair Schoene said, despite the confident-sounding claims in the articles.  “There’s a lot more work to be done.”One person in the comments wondered why the huge lava flows that cover much of Oregon are not associated with an extinction event.  The Princeton team, on the other hand, claims that no other extinction is associated with an impact.  Maybe it was worms that did the dinosaurs in (10/24/06).Evolutionary explanations for dinosaur extinction have evolved over the years from one consensus to another in a random walk.  Impact craters are real, and lava flows are real, but the dates and associations with extinctions are flimsy.  It’s all moot, anyway, now that soft tissue from multiple dinosaurs has been discovered throughout the past decade.  A few dinosaurs survived the Flood, but were finished off as pests by dragon slayers like St. George.  That explains the selective extinction (why would butterflies survive but not dinosaurs?) as well as the survival of the soft tissue; it’s not millions of years old.last_img read more

Zuma urges China, Africa trade balance

first_img20 July 2012South African President Jacob Zuma, speaking at the opening of the Fifth Ministerial Meeting of the Forum on China-Africa Cooperation (FOCAC) in Beijing on Thursday, lauded China’s commitment to Africa while calling for a more balanced, sustainable trade relationship between the Asian giant and the continent.Speaking highly of China’s relationship with Africa, Zuma said China’s commitment to the continent had been demonstrated through concrete results, particularly in human resource development, debt relief and investment.On the other hand, Africa’s commitment to China had been demonstrated by the supply of raw materials, technology transfer and other products.However, this trade pattern was unsustainable in the long term, Zuma said.Resource diversification, beneficiationFor this reason, he said it was necessary that the two sides “lock in investments in addressing supply-side constraints, diversification, and beneficiation of the resources derived from African countries through encouraging joint ventures between Africa and China”.Zuma called on China to deepen its partnership with Africa in tackling today’s challenges, identifying infrastructure development, information and communication technology and energy as key areas for attention.“I believe that China can add impetus to this programme, as well as the Programme for Infrastructure Development in Africa, where we have collectively agreed on the priority projects that need urgent attention.”The presidents of Equatorial Guinea, Djibouti, Niger and Cote d’Ivoire, and the prime ministers of Cape Verde and Kenya, are among the African leaders attending the conference.Zuma, Hu pledge to boost strategic partnershipsOn Wednesday, Zuma held talk with Chinese President Hu Jintao, in which they pledged to boost strategic partnerships between China and South Africa.Noting that China had become South Africa’s largest trading partner of South Africa, Zuma said South Africa wanted to increase its exports to China, and welcomed more Chinese investment in its infrastructure construction, industrial zones and mining industry.He added that South Africa was willing to enhance coordination and cooperation with China on multilateral occasions, including those involving the United Nations and BRICS.For his part, Hu said bilateral relations had progressed since his meeting with Zuma at the Nuclear Security Summit in Seoul and the Group of Twenty (G20) summit in Los Cabos earlier this year.Beijing DeclarationNoting that next month marks the two-year anniversary of the signing of the Beijing Declaration between China and South Africa, Hu raised a four-point proposal on enhancing bilateral cooperation between the two countries.He suggested that the two sides maintain the momentum of high-level contact, deepen party-to-party exchanges, and accommodate each other’s concerns on major and core interests, so as to cement strategic mutual trust.He further called on the two countries to expand pragmatic cooperation in line with each other’s development strategy and boost balanced development of bilateral trade.The Chinese government encourages and supports its enterprises to purchase South African products and invest in South Africa, and actively participate in the construction of South Africa’s special economic zones, Hu said.Hu also called for enhanced coordination between the two countries under the framework of the United Nations (UN), World Trade Organisation (WTO), G20, BRICS and BASIC, so as to promote world peace and development.Source: SANews.gov.zalast_img read more

Malaysia dismiss judging concerns as SEA Games close

first_imgBut Ahmad Shapawi Ismail, director-general of Malaysia’s National Sports Council, said none of the 10 visiting teams had registered an official complaint.“We have a technical delegate appointed by the international (SEA Games) federation,” he told reporters.“We have procedures on whatever protests or dissatisfaction (there is) from the teams and until now if I’m not mistaken we haven’t received any official complaints.”He added: “The bottom line is, there are rules, there are procedures. There is a technical delegate appointed by the international sports federation, and we have to trust those people to deliver the competition properly.”Malaysia have never won an Olympic gold medal, although they had four silvers and a bronze at last year’s Rio Games. They won five golds at the 2014 Asian Games and six at the last Commonwealth Games.‘Worst tournament’ADVERTISEMENT UPLB exempted from SEA Games class suspension Brace for potentially devastating typhoon approaching PH – NDRRMC Don’t miss out on the latest news and information. MOST READ Catriona Gray spends Thanksgiving by preparing meals for people with illnesses LOOK: Venues for 2019 SEA Games Later on Wednesday, the tournament was declared closed in a colorful ceremony at the National Stadium in Kuala Lumpur, where the Games flag was passed to 2019 hosts the Philippines.“Kuala Lumpur 2017 has been truly magnificent, memorable and majestic,” said SEA Games Federation president Tunku Imran Tuanku Ja’afar.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutMalaysia, who won 62 gold medals at the last SEA Games in 2015, topped the table for the first time since 2001 — when they also hosted the mini-Olympics. Thailand had 72 golds and Vietnam 58.Thai and Indonesian officials have hit out at the judging standards, and there have been a welter of complaints and videos online, many under the #ShameOnYouMalaysia hashtag. Read Next View comments Typhoon Kammuri accelerates, gains strength en route to PH Malaysia dismissed concerns over judging at the Southeast Asian Games as the hosts finished the competition with a record 145 gold medals on Wednesday, more than twice the number of second-placed Thailand.The home team won five of the seven titles on the final day, a typically dominant performance as they ended the Games with more than one-third of the 406 gold medals handed out.ADVERTISEMENT CEU, La Salle-Zobel dribblers try to extend WNCAA reign SEA Games in Calabarzon safe, secure – Solcom chief WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding PH billiards team upbeat about gold medal chances in SEA Games PLAY LIST 03:07PH billiards team upbeat about gold medal chances in SEA Games02:49World-class track facilities installed at NCC for SEA Games05:25PH boxing team determined to deliver gold medals for PH00:50Trending Articles01:35Panelo suggests discounted SEA Games tickets for students03:04Filipino athletes share their expectations for 2019 SEA Games00:45Onyok Velasco see bright future for PH boxing in Olympics02:25PH women’s volleyball team motivated to deliver in front of hometown crowd01:27Filipino athletes get grand send-off ahead of SEA Games Kammuri turning to super typhoon less likely but possible — Pagasa LATEST STORIES Newspapers trumpeted Malaysia’s victory, and were thick with full-page ads taken out by companies to congratulate the team. Malaysia also celebrates its 60th independence anniversary on Thursday.Foreign media were less effusive. The Bangkok Post commented: “For many Thai officials, athletes, journalists and fans, KL 2017 is the worst tournament in SEA Games history in terms of both officiating and organising.”On Wednesday, Malaysia won three gold medals in speed skating, which was making its Games debut, and two in diving. Thailand took one in speed skating and one in weightlifting.The SEA Games, which now look forward to their 30th edition in 2019, allow the host nation to adjust the programme to suit their strengths, meaning they often finish top of the table.Winning one-third of the gold medals is not unusual for the home country. When Indonesia held the 1997 Games, they won 194 out of 448 gold medals, or 43 percent.Malaysia’s chef de mission Marina Chin admitted their original target of 211, the national record set in 2001, was probably conservative.“When we made the target together with the national associations, I would admit that we were a bit conservative because we didn’t know about the achievements of the other countries,” she said.last_img read more

2012/13 TFA AGM Agenda

first_imgPlease find attached the agenda for the Touch Football Australia (TFA) Annual General Meeting (AGM) to be conducted on Saturday, 23 November 2013.   Please click on the attachment below to view the agenda. Related Filesagm_2013_agenda-pdfRelated LinksAGM Agendalast_img

a month agoMan Utd survive scare with penalty win over Rochdale

first_imgAbout the authorFreddie TaylorShare the loveHave your say Man Utd survive scare with penalty win over Rochdaleby Freddie Taylora month agoSend to a friendShare the loveManchester United have survived a scare by beating Rochdale on penalties in the Carabao Cup third-round on Wednesday.17-year-old Mason Greenwood finally converted one of United’s many chances to open the scoring.But Rochdale equalised through another teenager in Luke Matheson with fifteen minutes to play.This set up a nervous penalty shootout at Old Trafford, but a miss from Dale midfielder Jimmy Keohane sealed an painful exit for the League One club.Ole Gunnar Solskjaer gave Brandon Williams his debut by sending him on for Phil Jones at half-time. last_img

Video: Notre Dame’s BB Team Gets Welcomed Home In South Bend To Roaring Applause From Fans

first_imgFans applaud Notre Dame basketball after return from near-upset of Kentucky.Notre Dame’s men’s basketball team played one of the best games we’ve seen from a squad in the NCAA Tournament Saturday night. The Fighting Irish’s valiant effort ultimately wasn’t enough, though, as they fell to undefeated Kentucky, 68-66. Still, Mike Brey’s team has plenty to be proud about this season; an ACC Tournament championship and an Elite Eight run highlight an awesome year. Following the loss to the Wildcats, Notre Dame’s fans welcomed their team home with roaring applause. Much-deserved welcome home for one of the best @FightingIrish teams you’ll ever see. Thanks, @NDmbb. pic.twitter.com/ET6mvODLlJ— Josh Flynt (@jflyntnd518) March 29, 2015That’s a great scene. Notre Dame’s run to the Elite Eight was the sixth in program history and the first since 1979.last_img read more

Assessment of Nova Scotia mills effluent plan proper according to rulesdeputy

first_imgHALIFAX – A leadership candidate for Nova Scotia’s Progressive Conservatives says he believes the provincial Environment Department made a judgment call that has failed to instill public confidence in its environmental assessment process for a proposed effluent treatment plan for the Northern Pulp mill.Tim Houston made the comment while questioning deputy environment minister Frances Martin, who appeared Wednesday before the legislature’s public accounts committee.Houston, whose Pictou East riding neighbours the pulp mill, equated the decision to go with a Class 1 assessment with a similar decision for the Alton Gas natural gas storage project near Stewiake, which has been through the courts and has been subject to protests from environmentalists and local Mi’kmaq bands.“Alton gas — 12 years after they did everything the department asked them to do — they haven’t started,” said Houston. “I’m worried the department is walking Northern Pulp down the same fate as Alton Gas.”Under provincial legislation, Northern Pulp has until 2020 to replace its current effluent treatment plant in Boat Harbour near Pictou — a deadline the company has said will be tight to meet.The mill, which is across the Northumberland Strait from eastern Prince Edward Island, announced plans for a new treatment plant in December and is to submit an environmental assessment to Nova Scotia’s Environment Department sometime in July.According to the company’s plan, waste would be treated at a new facility near the mill using a system that would meet all federal environmental standards for suspended solids and oxygen depletion.The effluent would be carried by polyethylene pipe across Pictou Harbour and released through six dispersal pipes into the strait.Martin told the committee she made the decision to go with a Class 1 environmental assessment last June 1 after Northern Pulp filed a project description with the department at the end of April.She said it was clear to her the project required a Class 1 assessment instead of the more lengthy Class 2 under provincial regulations. Martin said Class 2 assessments are used in cases of larger projects, such as the building of a petro-chemical plant or pulp mill.“It was very clear in looking in the documentation and the Act and the regulations that it was a Class 1. It wasn’t the construction of a mill it was a modification to an existing mill.”But Houston persisted with his questioning, asking if Martin could confirm that a boardwalk project at the Northumberland Fisheries Museum required a Class 2 assessment.Martin was unable to provide the answer to the committee, but the department later said in an email that “our environmental assessment branch isn’t aware of this project, as it has never been registered for an environmental assessment.”Martin said the Class 1 assessment would be rigorous and would give the public and experts ample opportunity to provide input before a final decision is made.Local fishermen, Nova Scotia Mi’kmaq chiefs, and Prince Edward Island Premier Wade MacLauchlan are among those who have voiced concerns about Northern Pulp’s plan, saying it could have unintended consequences for fisheries in the area.Last month, MacLauchlan wrote a letter to Nova Scotia Premier Stephen McNeil and to federal Environment Minister Catherine McKenna in which he called for a more comprehensive assessment.Martin told NDP committee member Dave Wilson that P.E.I. residents would have opportunity to give their written input during the 30-day consultation process. She also said her department would seek input from the federal departments of environment and fisheries, adding that meetings have already occurred with federal officials.Wilson asked whether there had been any indications that Ottawa would step in with an environmental assessment of its own.“We don’t anticipate that the federal government will conduct an environmental assessment on the effluent treatment,” Martin said.Outside the hearing, Martin told reporters the meeting with regional federal officials happened before MacLauchlan’s letter was sent, but she added she wasn’t aware of any change in the federal stance since.Joan Baxter, author of a recent book that explored the impact of the mill, said she heard “a lot of semantics” in Martin’s defence of the government’s assessment process.Baxter said she and many members of the public don’t buy that a Class 1 assessment is as stringent as a Class 2.She said at the very least there should be public hearings on the project, adding she doesn’t believe what’s currently in place is transparent enough.Baxter feels the public has lost trust with the process.“People have commented a lot in this province about that pulp mill over the last 50 years and they’ve never been heard,” she said. “And they don’t feel that even if they do comment during that 30-day process that their voices will be heard.”last_img read more

Shares of Dropbox surge in first day of trading

first_imgNEW YORK, N.Y. – Shares of the digital file storage company Dropbox soared Friday in their stock market debut.The stock rose $7.48, or 35.6 per cent, to close Friday at $28.48 in its first day of trading on Nasdaq. It had climbed as high as $31.60 during the day.The San Francisco company offered about 26.8 million shares of stock at $21 apiece, while selling shareholders were offering about 9.2 million shares. It had expected to price the shares in a range of $18 to $20.The company, founded 11 years ago, boasts about 500 million users. It provides services for backing up documents, photos and video. It competes with smaller rival Box Inc., which went public two years ago, as well as technology behemoths Google, Microsoft and Amazon.last_img

Natural gas bills will go down about 29 a year Enbridge says

first_imgTORONTO – Enbridge Gas Distribution Ltd. says its typical Ontario residential customer’s natural gas bill will go down about $29 a year.The gas distribution company says its received approval from the Ontario Energy Board for new rates starting next month.The Ontario government’s cancellation of the cap and trade program will decrease rates by $80.Higher transportation costs and natural gas prices, among other things, will partially offset those savings.The company says the typical residential customer’s annual bill will be about $873.Enbridge distributes natural gas to more than two million customers in Ontario.last_img

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