Novomatic faces ‘regulatory pressures’ despite record sales

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Subscribe to the iGaming newsletter Email Address Analysts have warned of continuing regulatory pressures and online challenges for Novomatic after the gaming firm’s acquisition-led growth led to a 12.6% year-on-year increase in revenue for the first six months of 2018.Novomatic registered record sales of €1.3653bn (£1.225bn/$1.592bn) through to the end of June, helping to drive an 11.6% increase in earnings before interest and deductions to €318m.Sales revenue from gaming machines rocketed by 96.2%, largely thanks to Novomatic’s takeover of Ainsworth Game Technology, which was finalised in January.The company added that “acquisitions, above all in the core markets of Germany, Spain, Italy and Eastern Europe, are having a positive impact”.Analysts at Regulus Partners said that the acquisition-based expansion of the company had “offset organic issues at the group level”.However, they added that exposure to Germany and Italy would be “likely to continue organic regulatory pressure, while Australia remains a market of high regulatory risk for machines, in our view”.They continued: “Equally, Novomatic’s online position is now even weaker after the loss of key German revenues – now representing only 3.9% of group revenue (B2B and B2C).“Novomatic has therefore successfully diversified away from Germany machines risk, but while geographic risk has been diluted, the macro-led risk of exposure to gaming machines has increased for the group from both from a regulatory and channel-shift perspective.“Novomatic’s online contraction also illustrates the dangers of trying to have one’s cake and eat it from a regulatory perspective – especially in ‘uncertain’ markets.”In its trading update, Novomatic said it is “noteworthy” that its earnings before tax, “despite investment-intensive regulatory challenges in Germany and Italy”, had increased by 23% to €148.4m.Novomatic CEO Harald Neumann (pictured) added: “This pleasing result confirms our strategy of consolidating our market leadership in existing markets and of opening up new markets and technologies through acquisitions… The focus is on optimising internal processes and structures across borders.” Tags: Slot Machines Novomatic faces ‘regulatory pressures’ despite record sales Company posts double-digit increase in H1 revenue, largely driven by acquisitions Topics: Casino & games Finance Slots Regions: Europe 31st August 2018 | By contenteditorlast_img read more

Genius Sports sees revenue surge

first_img17th September 2018 | By contenteditor Sports data specialist boosted by contract wins Finance Genius Sports sees revenue surge Topics: Finance Sports betting Genius Sports Group has reported 2017 revenue up 65% to £53.1m (€59.7m/$69.6m), driven principally by contract wins.The sports data specialist and owner of Betgenius, which is a partner of bodies such as football’s English Premier League, Major League Baseball, golf’s PGA Tour and the NCAA, the governing body of US college sports, was recently bought out by funds advised by Apax Partners.Earnings more than doubled to £11.3m in the year to December 31, 2017, but capital expenditure of almost £16m meant a loss in terms of underlying business cash-flow.During the course of 2017, it partnered with rival Perform in a deal to work with Football DataCo, which has the rights to statistics from the professional football leagues in England and Scotland.It also began working with several other rights-holders and esports groups DreamHack and FACEIT, and bought volleyball information provider Data Project.In a statement filed with Companies House, Genius said: “The group’s primary objectives are the continued enhancement of products and services within its existing sportsbook management and customer marketing activities alongside additional investment and development of activities in the Genius Sports and Genius Sports Media divisions.“Through active investment in infrastructure, highly skilled technical and business development resources, it is the group’s strategy to work in partnership with sports to provide full service solutions for the commercialisation and development of sports’ inherent IP and assets, through the media and betting verticals.”Genius Sports’ potential in the US was illustrated by its purchase by Apax Funds in July, just two months after the repeal of PASPA, which will further open up its services to major sports leagues and betting partners.At the time, Apax Partners’ Gabriele Cipparrone said: “We have been attracted to the sports data market for some time, having seen live data and technology as key drivers of growth. Within this sector, Genius Sports Group stood out due to the breadth of its offering, its industry-leading technology, and its excellent reputation as a ‘high integrity’ data provider.”Reflecting on Genius Sports’ 2017 figures, analysts at Regulus Partners said the Apax takeover will be transformational as new investment will allow the company to compete with rivals such as Perform and Sportradar.“An investment problem that seems to have plagued Genius for years has been resolved – and it is likely no coincidence that this has happened shortly after such strong topline momentum has been delivered,” said Regulus Partners. “However, the extent to which big cheques can generate big returns remains to be seen, in our view.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Addresslast_img read more

Bank of Baroda Uganda Limited (BOBU.ug) HY2015 Interim Report

first_imgBank of Baroda Uganda Limited (BOBU.ug) listed on the Uganda Securities Exchange under the Banking sector has released it’s 2015 interim results for the half year.For more information about Bank of Baroda Uganda Limited (BOBU.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the Bank of Baroda Uganda Limited (BOBU.ug) company page on AfricanFinancials.Document: Bank of Baroda Uganda Limited (BOBU.ug)  2015 interim results for the half year.Company ProfileBank of Baroda (Uganda) Limited is a leading financial institution in Uganda offering banking products and services to individual, commercial and corporate clients. Its product offering ranges from savings and current accounts, term deposits and loans to letters of credit, bank guarantees, fund transfers and foreign exchange services. The company provides equity brokering services, including investment advisory, securities trading, securities exchange listing and sponsoring and remittance services. Bank of Baroda Uganda has an extensive network of branches and ATMs in the major towns and cities of Uganda and offers convenient banking in the form of Internet and mobile banking services. The financial institution was founded in 1953 and is based in Kampala, Uganda. Bank of Baroda (Uganda) Limited is a subsidiary of Bank of Baroda. Bank of Baroda Uganda Limited is listed on the Uganda Securities Exchangelast_img read more

Swaziland youth group mounts outreach bike trip across African country

first_img Featured Events Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET [Anglican Communion News Service] Young people in the Anglican Diocese of Swaziland have embarked on a 450-kilometer challenge (about 280 miles) to raise environmental awareness. They will be donating shoes, school uniforms and toiletries at Anglican Schools along their route.Full article. New Berrigan Book With Episcopal Roots Cascade Books Posted Jul 10, 2017 Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Tags Submit a Press Release Rector Knoxville, TN This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Africa, Rector Washington, DC Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Hopkinsville, KY Director of Administration & Finance Atlanta, GA Rector Tampa, FL Rector Smithfield, NC Associate Priest for Pastoral Care New York, NY Featured Jobs & Calls Rector Pittsburgh, PA Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector and Chaplain Eugene, OR Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Submit an Event Listing Director of Music Morristown, NJ The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Associate Rector Columbus, GA Submit a Job Listing Canon for Family Ministry Jackson, MS Rector Collierville, TN center_img Rector Martinsville, VA Assistant/Associate Rector Morristown, NJ TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Family Ministry Coordinator Baton Rouge, LA Anglican Communion Curate (Associate & Priest-in-Charge) Traverse City, MI AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Priest-in-Charge Lebanon, OH Rector (FT or PT) Indian River, MI In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Priest Associate or Director of Adult Ministries Greenville, SC Rector Belleville, IL Youth Minister Lorton, VA Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Albany, NY Assistant/Associate Priest Scottsdale, AZ Assistant/Associate Rector Washington, DC Cathedral Dean Boise, ID Associate Rector for Family Ministries Anchorage, AK Course Director Jerusalem, Israel Bishop Diocesan Springfield, IL Press Release Service Missioner for Disaster Resilience Sacramento, CA Rector Shreveport, LA Curate Diocese of Nebraska Swaziland youth group mounts outreach bike trip across African country Rector Bath, NC Rector/Priest in Charge (PT) Lisbon, MElast_img read more

Finding Funding: The Comprehensive Guide to Grant Writing (2002 edition)

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  9 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 5 July 2008 | News Finding Funding: The Comprehensive Guide to Grant Writing (2002 edition) AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Signage to be made more affordable for Letterkenny businesses

first_img Google+ Facebook Signage to be made more affordable for Letterkenny businesses Facebook A Letterkenny Councillor believes that the way to cut down on illegal signage in the town is to make it more affordable for business to erect legal ones.Councillor Dessie Larkin is set to raise the issue at tonight’s monthly meeting of Letterkenny Town Council.Recent changes to legislation has made it much more affordable for businesses to erect legal signs and Councillor Larkin now wants the local authority to get that message out to the business community.He says the council must now get tough on those erecting illegal signs:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/10/lark10signs.mp3[/podcast] Twitter Pinterest Twitter Calls for maternity restrictions to be lifted at LUH Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp Google+center_img By News Highland – October 10, 2011 Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Newsx Adverts NPHET ‘positive’ on easing restrictions – Donnelly Previous articleUpdated: Forum calls on clubs and pubs to end price warNext articleAnger at ‘racist’ graffati in the Twin Towns area News Highland Three factors driving Donegal housing market – Robinson RELATED ARTICLESMORE FROM AUTHOR WhatsApp Pinterestlast_img read more

Government says ‘no crisis’ as Eurostat rules against Irish Water

first_img WhatsApp Government says ‘no crisis’ as Eurostat rules against Irish Water Further drop in people receiving PUP in Donegal The Finance Minister says Irish Water will not be abolished or changed in any way, despite a Eurostat ruling against it.The EU body says Irish Water’s debts and spending have to be considered as part of the government’s balance sheet – even though the government wanted it treated separately.Michael Noonan says “there’s no crisis” and that the ruling won’t force the government to change its plans for the Budget.And he says the plans for Irish Water to upgrade the water network will continue unaffected:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/07/15noonWATER.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Sinn Féín’s warned that the only way to get Irish Water off the state’s balance sheet is to increase water charges.Donegal Deputy and Sinn Fein Finance spokesman Pearse Doherty says it’s inevitable that the government will now look to increase charges on people who can’t afford them:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/07/16doheWATER.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Google+ Pinterest Previous articleAlan Kelly accused of ‘electioneering’ in awarding grants to his own countyNext articleMeet Irish model, Shahira Barry, who stood in for the Kardashians in upcoming E! promo News Highland Pinterest By News Highland – July 28, 2015 Twitter RELATED ARTICLESMORE FROM AUTHORcenter_img Facebook Homepage BannerNews Man arrested on suspicion of drugs and criminal property offences in Derry Facebook Main Evening News, Sport and Obituaries Tuesday May 25th 365 additional cases of Covid-19 in Republic Google+ 75 positive cases of Covid confirmed in North Twitter Gardai continue to investigate Kilmacrennan firelast_img read more

Officer who put Eric Garner in chokehold facing police department charges

first_imgzocik/iStock/Thinkstock(NEW YORK) — A New York City police officer involved in the infamous 2014 chokehold death of a man who was allegedly selling bootleg cigarettes was formally charged with violating NYPD regulations, officials said.Officer Daniel Pantaleo will face disciplinary proceedings in the internal case to be heard by the Civilian Complaint Review Board, NYPD officials told ABC New York City station WABC-TV.Pantaleo was recorded on cell-phone video taken July 17, 2014, putting Eric Garner in a chokehold banned by the NYPD as other police officers helped take Garner to the ground. In the video, Garner repeatedly says “I can’t breathe,” a phrase that has since become a rallying cry in nationwide protests against alleged police brutality.The NYPD’s decision to discipline Pantaleo four years after the incident in the Staten Island borough of New York came on the heels of a letter sent to the U.S. Department of Justice by Larry Byrne, the NYPD’s deputy commissioner of legal matters. In the letter, Byrne said the department had waited long enough for federal prosecutors to act in the Garner case.A grand jury in Staten Island decided in December 2014 not to indict Pantaleo and other officers involved in Garner’s death on criminal charges.Following the announcement of the grand jury’s decision, the Department of Justice began looking into the case to determine whether to file federal charges against Pantaleo.“Understandably, members of the public in general and the Garner family in particular have grown impatient with the fact that NYPD has not proceeded with our disciplinary proceedings and they have difficulty comprehending a decision to defer to a federal criminal investigation that seems to have no end in sight,” Byrne wrote.“The NYPD has come to the conclusion that given the extraordinary passage of time since the incident without a final decision on the U.S. DOJ’s criminal investigation, any further delay in moving ahead with our own disciplinary proceedings can no longer be justified,” the letter said.The NYPD’s decision to move ahead with the internal discipline case against Pantaleo after Garner’s mother, Gwen Carr, held a press conference on the eve of the fourth anniversary of her son’s death, saying, “We just want justice for my son.”“And it’s not only for Pantaleo, it’s for the other five officers who [were] involved,” Carr said. “Their misconduct. The ones who lied on legal documents saying what had happened to my son before the video came out.”A spokesman for the Department of Justice told ABC News last week that it was the NYPD’s prerogative to move forward.“As officials at the Department of Justice informed Mr. Byrne this spring, the New York Police Department may move forward with its disciplinary proceedings,” the Justice Department spokesman said. “Mr. Byrne’s letter does not have any bearing on the decision-making timeline at the Justice Department, and the Department cannot comment further at this time.”Police Benevolent Association President Patrick J. Lynch said, “We agree that the Justice Department’s leadership should move to close Police Officer Pantaleo’s case and put an end to what has been a highly irregular fishing expedition by those seeking an indictment at all cost.”Lynch continued: “However, that should not trigger a race by the NYPD to reach a pre-determined outcome in its own disciplinary processes. Police Officer Pantaleo is entitled to due process and an impartial consideration of the facts. If that is allowed to occur, we are confident that he will be vindicated and will finally be able to move forward.”Pantaleo has been allowed to continue working as a paid member of the NYPD while the disciplinary proceedings against him are pending.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Determination of representative height distributions of the electron concentration in the ionosphere

first_imgMedian height distributions of electron concentration may be determined from ionograms by means of the composite ionogram technique of Wright, or by inserting tabulated parameters in the idealized model of Bradley and Dudeney. This paper discusses the complementary nature of these two approaches.last_img

Domino UK

first_img(Cambridge), the inkjet and laser solutions provider, is using this year’s Total Processing & Packaging exhibition for the first public showing of its new M-Series print-and-apply products and for the global preview of its Thermal Transfer Overprinting printers.Domino will also be displaying a whole range of products and services across the coding and marking portfolio, including the recently launched A-Series plus continuous inkjet printers, S-Series plus scribing laser and C-Series plus outer case coders.last_img read more