Food prices boost Syngenta dividend

first_imgWednesday 9 February 2011 7:29 pm Tags: NULL Show Comments ▼ Share Food prices boost Syngenta dividend SWISS agricultural group Syngenta is set to benefit from soaring food prices as farmers invest in products to boost harvests and buy more weed and bug killers from the world’s largest agrochemicals company.The group lifted its dividend a sixth to SwFr7, above a forecast for 6.14 francs, and said it was launching a $200m share buyback programme.Net profit at Syngenta slipped one per cent to $1.40bn last year, beating a forecast for $1.28bn.The group, now integrating its crop protection and seeds businesses to gain total annualised cost savings of around $650m in 2015, is targeting a gross profit margin in the range of 22-24 per cent by 2015.Syngenta shares, which had gained 12 per cent this year, were up 4.4 per cent yesterday.“At the current commodity prices, farmers have plenty of opportunity to invest heavily in the crop inputs,” chief executive Mike Mack said. “It is a good place for 2011.”Spiralling wheat, corn and soybean costs should encourage farmers to buy products from Syngenta and rivals such as DuPont and Monsanto as they seek to boost yields. whatsapp whatsapp KCS-content More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comlast_img read more

UK labour market stumbles

first_img Share Show Comments ▼ EMPLOYMENT dropped by 68,000 in the final three months of 2010, reflecting the labour market downturn that economists expect will continue through the year.There are now 29.12m employed people in the UK. The unemployment rate stuck at 7.9 per cent, yet the figures showed an extra 44,000 people unemployed, compared to the previous three months.“Overall, not a good report, but nor was it terrible,” commented Alan Clarke of BNP Paribas. “The data have stopped improving as the pace of GDP growth has slowed,” he said.Britain’s GDP was knocked back half a percentage point in the quarter due to severe effects from the snow, the Office for National Statistics (ONS) estimated last month.“If growth bounces back into line with the surveys, then this soft patch in the jobs numbers will probably prove temporary,” Clarke said. Yet if growth stutters, “we should get used to disappointing jobs numbers,” he added.The number of people claiming unemployment benefit increased in January, the claimant count rising by 2,400, having fallen by 3,400 in December. “Admittedly, the rise is pretty marginal, but it is nonetheless the first increase in four months,” said Vicky Redwood of Capital Economics. The results provoked calls for the coalition government to boost private sector employment.“On its part, the Government should ensure that the labour market remains flexible, and should avoid imposing onerous regulations on business,” said economist David Kern of the British Chambers of Commerce.Companies face £23bn in costs from new employment laws, he said. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealthyTed Health Magazine10 Surprising Benefits of Bananas You Possibly Didn’t Know AboutHealthyTed Health MagazineAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmForge of Empires – Free Online GameIf You Like to Play, this City-Building Game is a Must-Have. No Install.Forge of Empires – Free Online GameElvenarIf You Need to Kill Time on Your Computer, this Fantasy Game is a Must-Have. No Install.ElvenarAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search AdsHero WarsBig Boss of internet games!Hero Wars whatsapp Wednesday 16 February 2011 8:42 pm Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrapcenter_img whatsapp UK labour market stumbles KCS-content Tags: NULLlast_img read more

Carrefour and Ahold struggle to win over investors as market gets tough

first_imgThursday 3 March 2011 7:49 pm whatsapp 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 WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The 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 WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap 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 ScottsdaleMoneyPailTotal 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.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute EUROPE’S biggest retailer Carrefour and Dutch peer Ahold, struggled to convince investors yesterday with steps aimed at boosting their share prices against tough trading conditions.Carrefour, hit by two profit warnings last year, detailed plans to spin off discount chain Dia and 25 per cent of its European property arm. It believes this will allow it to focus on turning around its European hypermarket business and expanding in fast-growing emerging markets, while also unlocking value for shareholders from its real estate business.However, Espirito Santo analysts described the plan as “cosmetic spin” and were disappointed by the lack of detail in the French group’s forecast to grow sales and profits this year.Ahold, which runs Dutch market leader Albert Heijn but makes about 60 per cent of its sales in the US, announced a bigger-than-expected programme to buy back €1bn (£858m) of shares over 18 months, and hiked its dividend. But it also missed forecasts with a 14 per cent drop in fourth-quarter operating profit to €295m, saying it failed to pass on the full effects of higher food prices to cash-strapped shoppers. Ahold reiterated its long-term goal to grow both net sales and margins by five per cent. KCS-content Sharecenter_img whatsapp Carrefour and Ahold struggle to win over investors as market gets tough Show Comments ▼ Tags: NULLlast_img read more

Moody’s downgrades Greece

first_img Share Moody’s downgrades Greece Show Comments ▼ Tags: NULL Ratings agency Moody’s has downgraded Greece from Ba1 to B1.A statement from Moody’s said: “Moody’s Investors Service has today downgraded Greece’s government bond ratings to B1 from Ba1, and assigned a negative outlook to the rating.”It added that the country’s continuing difficulty on collecting revenue, allied with “ambitious” financial restructuring, plans led to the downgrade. Moody’s now has the lowest rating for Greece of all the major credit agencies and is the first to classify Greek government debt as ‘highly speculative’.The Greek finance ministry said the cut was completely unjustified.Greece signed in May a 110bn euro (£94.5bn) rescue package with the EU and IMF to avoid default, but many see the repayment terms as too onerous.Moody’s said that Greece continues to face difficulties with revenue collection and there was a risk that the country did not satisfy solvency criteria attached to EU/IMF support after 2013 which could lead to a debt restructuring.“The fiscal consolidation measures and structural reforms that are needed to stabilise the country’s debt metrics remain very ambitious and are subject to significant implementation risks,” the agency said in a statement.Moody’s said it was also concerned by the lack of certainty surrounding the nature of financial support that will be available to Greece after 2013, and its implications for bondholders.“The likelihood of a default or distressed exchange has risen since its last downgrade of the Greek government debt rating in June 2010,” the agency said. More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPuffer fish snaps a selfie with lucky divernypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comcenter_img John Dunne whatsapp Monday 7 March 2011 2:54 am 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 ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia whatsapplast_img read more

City speaks out against Portugal bailout and Ed Balls’ political U-turn

first_img KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comColin Kaepernick to publish book on abolishing the policethegrio.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.com whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Comments submitted to the panel were withering, with most saying the UK should focus on problems closer to home before agreeing to help those further afield. “We need to get our house in order regardless of what’s happening abroad. Rather than providing funds for bailouts for other countries, those monies could be used to reduce our deficit further,” said one respondent. A minority did see the planned bailout as an opportunity for the UK to realise a return, however, with one panellist commenting: “Bearing in mind we can borrow the money at a four per cent interest rate and the Portuguese government will repay at 6.5 per cent, I think this is a reasonable bit of business.” No fewer than 49 per cent of participants agree with chancellor George Osborne’s assertion that the Portuguese experience justifies the depth and speed of austerity cuts in the UK, and 15 per cent see the latest sovereign casualty as proof that UK cuts should be even more drastic. Only 4.5 per cent backed the view that Portugal showed that the UK’s cuts are being made too drastically, while 29 per cent said the countries were too different to compare.Balls spoke out last week to say the UK should limit its contribution to the bailout fund, despite the agreement signed by Labour’s ex-chancellor Alistair Darling last year that the UK would contribute 13 per cent to the EU’s bailout fund. But only 17.5 per cent said this u-turn made them feel more favourable towards him. Twenty-eight per cent of those polled said that Balls’ scepticism had made them feel “much less favourable” towards him and 14 per cent somewhat less so. “Balls’ comments display a level of complete ignorance as to how UK banks have a very substantial exposure across Europe in holdings of both sovereign and corporate debt in the countries affected, and the potential losses that could be suffered on a default,” said one.Statistics were compiled from the 489 responses to the latest Voice of the City poll, printed in last Wednesday’s City A.M. and completed online by our City panel. Apply to join the panel at www.cityam.com/panel Participants could be in with the chance of winning a free luxury weekend to Paris. In September, we’ll put panellists who have responded to at least 80 per cent of surveys into a prize draw. Full T&Cs on request. whatsapp City speaks out against Portugal bailout and Ed Balls’ political U-turn Share Sunday 17 April 2011 11:02 pm Tags: NULL TWO THIRDS of our Voice of the City panel think that the UK contributing to a European bailout of Portugal is the wrong decision, with 41 per cent branding the move “completely wrong” and 23 per cent “somewhat wrong”. Just 12 per cent of respondents think the bailout is “completely right”.last_img read more

Meadowlands confirms sports betting launch date

first_img Topics: Sports betting Strategy 4th July 2018 | By contenteditor Regions: US New Jersey Meadowlands confirms sports betting launch date Racetrack to begin taking sports wagers one day earlier than planned Meadowlands Racetrack in New Jersey has confirmed it will launch its sports betting service on July 14 – one day earlier than planned.Jeff Gural, the racetrack’s operator, said last month that legalised sports betting would be introduced on July 15.However, Jason Settlemoir, the track’s general manager, told The Record that July 14 – one of the venue’s biggest race days of the year, the Meadowlands Pace, and the day before football’s Fifa World Cup final – provides “much better timing”.The Victory Sports Bar and Club, where bets can be placed, will open to the public at 11am. Meadowlands has teamed up with Betfair US, which will offer its in-house odds and services. Gural told the Associated Press last month that Meadowlands would benefit from New York’s failure to pass sports betting legislation this year.“New York did me such a favour,” Gural said. “That leaves me the entirety of New York City, Long Island, Westchester County. There are 15 million people that live within 20 miles of the Meadowlands. They gave me a tremendous gift.”Kip Levin, chief executive of Betfair US, said recently: “We could not be more excited to partner with Jeff Gural and his partners for sports betting in New Jersey and New York.“Meadowlands Racetrack has the potential to be among the best, if not the best, sports betting venues in the US.“Combining these premier facilities with the global sports betting prowess of Paddy Power Betfair is a great match and will enable us to bring an unparalleled sports betting experience to customers in the northeast.”New Jersey recently became the second state to launch a regulated sports betting service in the wake of the Supreme Court’s decision to overturn the federal 1992 Professional and Amateur Sports Protection Act.However, Meadowlands’ plans were nearly scuppered at the weekend when talks over New Jersey’s state budget reached the eleventh hour.A deal was finalised to avert a government shutdown that would have resulted in racetracks and casinos from closing their doors.Monmouth Park racetrack and the Borgata and Ocean Resort casinos are currently the only venues in New Jersey to offer wagers on sports.Picture credit: Meadowlandscenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting Subscribe to the iGaming newsletter Email Addresslast_img read more

European regulation continues to harm Net Gaming in Q3

first_img Topics: Finance Email Address Online gaming affiliate business Net Gaming Europe has put a year-on-year drop in revenue, earnings and profit in the third quarter down to ongoing struggles related to new regulations in a number of European markets.Revenue for the three months to 30 September came in at €3.5m (£3.0m/$3.9m), down 24% from €4.9m in the corresponding period last year.Aside from struggles with new regulation in Europe, Net Gaming said this decline was partly down to an accelerated transition from cost per acquisition (CPA) to a revenue share model. CPA now accounts for 39% of revenue, down from 70% in Q3 of last year, while revenue share saw its contribution double from 30% to 60%.Net Gaming also noted a 14% year-on-year dip in new depositing customers (NDCs), due to the challenges that operators faced in connection with regulation in Europe and increasing competition in the American market.Europe was again the primary source of revenue for Net Gaming, accounting for 70% of all revenue for the quarter, despite the business experiencing issues as a result of new regulations in certain markets.Revenue share from the company’s North American operations fell from 23% in Q3 of 218 to 14% this year, but Net Gaming saw growth for the rest of world, with revenue share’s contribution climbing from 4% to 16%.In terms of spending for the quarter, operating expenses were up slightly year-on-year, primarily due to higher spending on personnel, which increased 9.4% from €838,000 to €917,000. Net Gaming said this was driven by organisational development and recruitment of key personnel.Other external costs also climbed from €773,000 to €832,000, mainly due to an increase in consultancy expenses related to the development of sites in North America and Europe.Lower revenue and higher spending meant that operating profit slipped 47.0% from €3.1m to €1.6m, while earnings before interest, tax, depreciation and amortisation (EBITDA) also declined 41% year-on-year to €1.9m.Profit before tax dipped 44.6% to €1.2m and, despite paying less tax (€74,000) compared to Q3 of last year (€159,000), profit after tax was down 44% to €1.1m. In addition, Net Gaming noted that profit from continuing operations fell from €2.0m to €1.1m.The Q3 results mean that revenue for the first nine months of the year, through to the end of September, came in at €11.0m, down 20% on €13.8m at the same point in 2018.EBITDA for the year-to-date fell 30% from €9.2m to €6.4m, while profit after tax was also down 31% from €6.3m to €4.3m.“We will continue to feel the regulation effects in the short term, and we are obviously not at all satisfied with the figures we have achieved in recent quarters,” Net Gaming’s chief executive and president, Marcus Teilman, said.“But looking on the bright side, we are convinced that we have an exciting journey ahead of us in an underlying growing market where we will be a leading player working at a fast pace and with a clear desire to take the lead.“Our main focus is to grow in regulated markets with a high proportion of revenue share. We want to dig deeper in existing markets, strengthen our existing websites and invest even more in our strongest brands.” European regulation continues to harm Net Gaming in Q3 Online gaming affiliate business Net Gaming Europe has put a year-on-year drop in revenue, earnings and profit in the third quarter down to ongoing struggles related to new regulations in a number of European markets. Subscribe to the iGaming newslettercenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance 15th November 2019 | By contenteditor Tags: Online Gamblinglast_img read more

1 May: Where’s the action?

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter iGB, in partnership with sports data specialist Abelson Info, is providing an updated list of the sporting events taking place each weekday throughout the novel coronavirus (Covid-19) pandemic. 1 May: Where’s the action? Topics: Sports betting 1st May 2020 | By contenteditor Tags: Mobile Online Gamblingcenter_img Sports betting Subscribe to the iGaming newsletter iGB, in partnership with sports data specialist Abelson Info, is providing an updated list of the sporting events taking place each weekday throughout the novel coronavirus (Covid-19) pandemic.Badminton The round-up for 1 May begins with Armenian badminton, as the Infinity Cup continues.Baseball South Korea’s Baseball Championships pre-season is replaced by the Nicaraguan Baseball League, which joins China’s Professional Baseball League and its reserves in the round-up.Darts There are a trio of remote darts competitions holding matches in the coming 24 hours, with the Icons of Darts Live League, A Night at the Darts and PDC Home Tour all taking place.Football Football is dominated by Belarus, with the country’s Premier League, Reserve League and Women’s Premier League all in action. Chinese Taipei’s women’s Mulan League also has matches coming up.Greyhounds Australia continues to dominate the dog racing schedule, with events taking place across 12 tracks. The US greyhounds schedule has expanded beyond Naples Fort Myers for the first time all week, with a second Flordia Track, Palm Beach joining.Horse Racing Racing takes place across 24 tracks in Australia, as well as at Japan’s Tokyo City Keiba both Friday (1 May) and Saturday (2 May), and at Dannero, Rattvik and Halmstad. US action comes from Tampa Bay, Gulfstream Park, Oaklawn Park, Remington Park and Los Alamitos.Ice Hockey Again, only short form versions are available in Russia’s Liga Pro and Comet Division. Table Tennis Table tennis action comes from Armenia, Brazil, the Czech Republic, Germany, Russia and Ukraine.Tennis Germany’s Exo-Tennis Series joins the schedule, alongside action from Belarus’ Masters League, Russia’s Liga Pro and the US’ International Tennis Series.Volleyball Today’s round-up once again finishes on volleyball, with Russia’s women’s Liberty League.This list is not intended to be exhaustive, and all events are subject to change.Abelson Info was set up by Ed Abelson in 2003 to supply the bookmaking industry with the crucial sports data it required as the online betting industry began to boom. Starting with just a handful of employees and even fewer clients, the business has since grown and evolved to accommodate the ever-changing requirements of the industry.We now supply data and technical services to the majority of the top tier bookmakers and platform providers in the UK, along with many of the biggest media corporations and development firms across the world. We have a stellar reputation for delivering top quality data and are always on hand to support customers, 24 hours a day, 365 days a year. Email Addresslast_img read more

Africa: Differentiation vs standardisation

first_imgInternet and smartphone penetration in some countries is particularly low, so have you made any effort to develop SMS or WAP-based solutions for these territories? And can this sort of solution be integrated with more modern technology?It is a challenge for sure to reach an audience that doesn’t have the latest technology to hand. We went through an in-depth analysis to develop a front end that allows low-bandwidth devices to place bets. Considering Altenar’s regulated market footprint, how have you found regulatory processes in Africa? Do you feel these lag behind other jurisdictions?It depends how you view it. Our experience in Nigeria was quite interesting as it feels like they have a proper regulatory framework. I’d say they are quite clever, as they understand that once you have a licence in the European Union or Great Britain, they check some elements but trust that when you’re certified and active in these markets, your systems should be viable there. For new entrants, do you get many Enquiries from operators that work with different providers in other territories, to power their African sites or businesses?Once you become familiar and successful in a market, you immediately get many requests coming from there. Word of mouth is essential to succeed in Africa, I would say. And who is competing? Do you see local brands leading or are international providers more popular?It is a combination of both. In most territories you need a local partner. Once you have the proper local partner, the rest is easier. If you just operate from Europe, it’s hard to gain trust and harder to grow. To talk of a one-size-fits-all solution for Africa ignores the nuances in each market. With so many differing economic climates and technological infrastructures, suppliers must prepare for a range of contrasting eventualities in different territories, Altenar chief operating officer Dinos Stranomitis tells iGB. Which markets have you found to be particularly successful and which do you see as becoming successful in future?Altenar is supplying licensed operators in Nigeria, Madagascar, the Democratic Republic of the Congo and Ghana. We have a lot of knowledge of Zimbabwe and Tunisia, so we are awaiting the possibility of licensing there. Regions: Africa Altenar is the sponsor of the iGB Africa Report, which will be released next week. Read an exclusive extract here. Email Address Tech & innovation Are your clients on the continent local brands, or are they partners from other markets who you are helping to expand into African countries?Altenar mainly works with local brands in Africa. It happens that these local brands tend to have international investors, but surely the local approach is the key point to success. Topics: Sports betting Tech & innovation Inbound queries are a mix of start-up projects with a relative chance of success, and existing operators wanting to make the next step with a higher-quality provider, one that will allow them a better, more profitable future.  Draw-based games are arguably as popular, if not more so, in markets such as Nigeria. Do you cater to those tastes?Nigeria is a unique landscape, and should not be taken as the norm for all of Africa. In Nigeria the draw-based game is simply a bet with a quick play cycle, so the people love it. It works in countries where there are low levels of trust, where players need to know immediately if they win or not. Simply put, they do not feel they can leave the shop before the bet is settled. This is the main reason why virtual or draw-based games are so popular there. Is there more value in competing in the largest markets, such as the UK and Italy, or targeting growth in emerging territories? and Do you see your efforts in Africa as being immediately beneficial to revenue growth or as a long-term project?Africa is definitely a longer-term project. Europe is generating revenue, and Africa will generate revenue in the future. The average consumer in Africa is growing faster than the average consumer in Europe. This means that every time we sign up an African operator, we most likely will make less profit than we would with a European customer. However, longer term, there is the prospect of much bigger profits. 24th September 2020 | By Aaron Noy Contrary to what many people think, Africa needs a lot of investment if you really want to penetrate deeply into the market. At first we couldn’t believe it, but in Africa you genuinely need to have a website built in data-saving mode to become popular. Technologically, this doesn’t make much sense, but business-wise, it’s what you need to operate there. Other countries we see as potentially successful in future are Kenya, Tanzania and Uganda; we think our systems would certainly help operators succeed in those markets. Africa: Differentiation vs standardisation The ticket can be prepared online, and instead of validating it directly, a scanning device can transmit the ticket details to the cashier, who then validates the ticket on behalf of the customer. It sounds complicated, but a short demo will iron out any issues you may have. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter With retail being so popular in countries such as Nigeria, Tanzania and South Africa, how can you drive adoption of online and mobile gambling – or does this require macroeconomic change to facilitate it?You do not have to go that far. It’s a simple adoption to a hybrid system that allows the final consumer to place bets through low-end devices in a shop or via their mobile. Subscribe to the iGaming newsletter Considering the size and scale of Africa, and the differing player habits across the continent, how do you go about developing a solution that can succeed in as many different markets as possible?Differentiation versus standardisation is the key. You may have a standard solution with key core elements that are the same across all countries. Then you need to offer several different features and elements to fulfil the needs and wants of the local population. It sounds a bit difficult, but it isn’t really if you execute each project with proper attention and analysis.last_img read more

Danish gambling revenue declines by 9.3% in 2020

first_img Tags: Spillemyndigheden This meant that revenue from both slots and casino fell sequentially in Q4, having shown signs of recovering from Q2’s first national lockdown in their third quarter figures.  Full year results 2020 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter In terms of products, online slots contributed DKK1.82bn, or 74.4% of the vertical’s total. Roulette followed in a distant second on DKK231.9m (9.5%), with blackjack in third on DKK166.6m (6.8%). Subscribe to the iGaming newsletter Revenue for the year declined to DKK5.96bn (£704.2m/€801.8m/$971.8m), with land-based gaming affected by nationwide lockdowns from March to June, then again from November 2020 due to the novel coronavirus (Covid-19) pandemic.  However, the 5.0% year-on-year rise in revenue to DKK2.45bn was the lowest increase for online casino since the Danish igaming market opened for business in 2012.  The biggest declines were seen in the core land-based products: slots and brick-and-mortar casino. Slot revenue was down 29.0% at DKK986m, while casino revenue dropped 31.5% to DKK239m.  Danish gambling revenue declines by 9.3% in 2020 Sports betting, meanwhile, also had to deal with an almost complete global shut-down of all sporting events from March.  The country’s national self-exclusion database Register Over Frivilligt Udelukkede Spillere (Rofus), had 25,176 individuals signed up as of October 2020, the most recent figures available.  Over the year, there were only marginal changes in customers’ preferred channel for betting. DKK1.18bn – or 51.5% of revenue – was generated via mobile sportsbooks, with a further DKK771.4m (33.7%) coming from retail outlets. Just DKK338.5m (14.8%) came from betting sites online. As the only vertical unaffected by lockdown measures or sporting cancellations, online casino posted year-on-year growth in revenue.  Compared to 2019, this suggests that while mobile’s market share has grown, it has been at the expense of desktop sites. Meanwhile, despite the Covid-19 lockdowns, there was actually marginal growth in retail betting’s share.  All other verticals reported year-on-year declines. Unlike sports betting, neither of these offerings could mitigate the November lockdown, which is unlikely to be lifted before 28 February, with an online offering.  Topics: Casino & games Finance Sports betting Land-based casino Online casino Slots Full year results 2020 Q4 results 2020 Online sports betting Retail sports betting Sports betting revenue finished the year 8.5% behind 2019, at DKK2.50bn. This, however included a record quarterly total for the three months to 31 December. 10th February 2021 | By Robin Harrison Of this number, 16,918 people had permanently blocked access to all gambling products. The remaining 8,258 people had temporarily blocked gambling, for between one and six months.  Denmark’s regulated gambling revenue fell 9.3% below prior year levels in 2020, though the fourth quarter included record returns from sports betting, according to the latest figures from Spillemyndigheden. Regions: Nordics Denmark Sports betting revenue grew 16.6% to DKK724m in Q4, thanks to a later start to the European football season and a packed schedule.  Email Addresslast_img read more