Deregulation threatens EDF forecasts as profits rise on increased capacity

first_img Tags: NULL Show Comments ▼ KCS-content Share Tuesday 15 February 2011 7:36 pm FRENCH power company EDF posted higher annual profits yesterday but disappointed investors with a profit forecast for this year that could prove over-optimistic due to de-regulation of the French market.The former French monopoly is being forced to sell up to a quarter of its domestic nuclear output to competitors to help open up markets.Traders said EDF’s 2011 profit target was based on a maximum price of €42 (£35) per megawatt hour (MWh) that the government could set for nuclear power production, which EDF will have to sell as part of a liberalisation law.EDF posted a 4.4 per cent rise in 2010 earnings before interest, tax, depreciation and amortisation and forecast a rise of between four and six per cent this year.The utility group said core earnings came in at €16.62bn last year – up from €15.93bn in 2009 and the €16.45bn average forecast.Sales rose 10.2 per cent to €65.17bn in 2010, boosted by higher availability of EDF’s nuclear and hydro power capacity in France. This was despite an environment EDF described as difficult, with electricity and gas demand still not back to pre-crisis levels. Net profit fell to €1bn, and EDF’s debt fell to €34.4bn by 31 December, from €42.5bn at the end of 2009. It is expected to fall again to €27.1bn once the sale of a 45 per cent stake in Energie Baden-Wuerttemberg is effective. center_img whatsapp More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKansas coach fired for using N-word toward Black playerthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo whatsapp Deregulation threatens EDF forecasts as profits rise on increased capacity last_img read more

Steve Jobs returns to unveil the new iPad 2

first_img whatsapp Show Comments ▼ Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal 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 AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm APPLE surprised critics yesterday when its talismanic leader Steve Jobs made a surprise appearance to unveil the latest version of its iPad tablet computer.Despite being on medical leave, Jobs took to the stage in San Fransisco, saying: “We’ve been working on this product for a while – I didn’t want to miss this one.”The new tablet is twice as quick as the previous generation and features front- and rear-facing cameras.It will be released on 25 March in the UK – far ahead of some analyst predictions. It will be available in both black and white and, at just 8.8mm, it is a third thinner than its predecessor.Jobs said Apple has sold a staggering 15m iPads in just nine months, generating $9.5bn (£5.8bn) in revenue for the Cupertino-based firm. It controls 90 per cent of the nascent tablet market and is showing little signs of ceding ground to rivals.Jobs also claimed Apple now has more active, credit-card registered accounts than any other company in the world – including book and music seller Amazon.He said more than 100m iPhones have been sold and said developers have earned $2bn from applications sold through the App Store. Apple has faced criticism from developers over its policy of charging a 30 per cent fee for ongoing subscriptions.The firm was rocked in January when Jobs announced he would take an open-ended leave of absence on medical grounds.The bombshell, dropped on the eve of Apple’s trading update, caused panic among investors who fear the firm could struggle without him at the helm. KCS-content Wednesday 2 March 2011 9:19 pmcenter_img whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKansas coach fired for using N-word toward Black playerthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Steve Jobs returns to unveil the new iPad 2 Tags: NULLlast_img read more

In pursuit of the luxury drinker

first_img KCS-content Share In pursuit of the luxury drinker 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’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap WHEN Diageo snapped up Turkish drinks maker Mey Içki for £1.3bn last month, this column welcomed the deal but called for more acquisitions outside the firm’s mature western European and North American markets. “An aperitif is all well and good,” we said. “But Paul Walsh needs to tuck in.” Alas, we can’t claim to have known he would strike again so quickly, this time plumping for Stock Spirits, the premium Polish spirits maker, although he is right to do so. The reasons for this offer are less clear-cut than the Turkish buyout, which offered a popular local brand as well as a large distribution network in a relatively immature market. Poland, of course, is no stranger to Vodka, but sales of Diageo’s Polish brand Smirnoff Vladimir have been struggling recently despite a higher marketing spend. That is partly because of a squeeze on middle market offerings: recession-hit drinkers go for budget brands while upper class boozers opt for newer luxury alternatives. Stock Spirit’s flagship brand Czysta de Luxe – aimed at the top end of the market – is the best selling clear vodka in Poland and one of the fastest growing in the rest of the world, especially America. It should help Diageo win back customers that are looking for something a little more refined. whatsapp Show Comments ▼ whatsapp Sunday 13 March 2011 10:54 pm Tags: NULLlast_img read more

Construction PMI stronger than expected

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Monday 4 April 2011 5:17 am whatsapp whatsapp John Dunne Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLcenter_img The pace of activity in Britain’s construction sector slowed only marginally in March from February’s eight-month high, a monthly purchasing managers’ survey showed.The Markit/CIPS construction PMI index eased to 56.4 in March from 56.5 in February.Construction makes up about six per cent of British economic output, and Monday’s data follows a bigger-than-expected fall in the equivalent manufacturing survey last Friday, due to weak domestic consumer demand. Construction PMI stronger than expected Show Comments ▼ Sharelast_img read more

Return to home ground makes perfect sense for the UK’s traditional outfitter

first_imgSunday 17 April 2011 11:06 pm whatsapp 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?MisterStoryMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads whatsapp Show Comments ▼ Share COMING after weeks of share price volatility following the Japan earthquake, Ahrendts’ enthusiasm for London could look like a miscalculated retrenchment, especially when Burberry’s Asian sales grew 50 per cent in the first six months of 2010.So has market uncertainty really spooked Ahrendts that much? The answer is a definite no. Far from turning its back on Asia, Burberry is taking a calculated step to make the best of both worlds. Much of the brand’s appeal in Asia relies on its English heritage status – started in Hampshire in 1856, its British milestones include inventing the trench coat during WWI. The European market may now contribute just a third of overall sales, but it is where the origins of the brand’s success lie. And investors needn’t fear that decisions are being made on aesthetics alone – Ahrendts is still fiercely pursuing the tourist pound. Thirty per cent of Burberry’s profits in London are down to Chinese tourists, spending six times more on holiday than they do at home. Ahrendts said just last week that she wanted to “sell the British attitude across the world”. When it’s so clear that’s what her core Asian customers want, her latest move is anything but inward-looking. center_img KCS-content Return to home ground makes perfect sense for the UK’s traditional outfitter More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Tags: NULLlast_img read more

Huge jump in Canadian inflation

first_img whatsapp 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?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance Stories Tags: NULL Canada’s annual inflation rate shot up in March to its highest level since September 2008 and above the central bank’s target range, official data showed yesterday. The consumer price index soared by 1.1 per cent last month, to an annualised 3.3 per cent. Food and energy were the main drivers behind the spike, with core inflation coming in at 1.7 per cent. Clothing prices also jumped, by 5.6 per cent on the month, with ING’s James Knightley commenting: “Today’s release suggests that inflation may be more broad-based than previously anticipated. It will provide ammunition for the Bank to raise rates at the May meeting.” Tuesday 19 April 2011 8:16 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comcenter_img whatsapp Huge jump in Canadian inflation KCS-content Show Comments ▼ Sharelast_img read more

Global Gaming has eye on Sweden with Estonia move

first_img Topics: Marketing & affiliates Marketing & affiliates Regions: Europe Baltics Nordics Estonia Sweden Global Gaming has eye on Sweden with Estonia move Ninja Casino licence in Estonia will offer marketing channels ahead of Swedish re-regulation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 24th July 2018 | By contenteditor Global Gaming chief growth officer Alessandro Focardi believes Estonia will provide the ideal launchpad for “several new marketing channels” in relation to the re-regulated Swedish market after a subsidiary of the company secured a licence in the Baltic state for the Ninja Casino brand.The Estonian Tax and Customs Board granted Global Gaming’s Safe Ent subsidiary a licence, thereby approving the company’s PayNPlay service.Ninja Casino, which offers more than 200 slots from the likes of NetEnt and Play’n GO, removes traditional registration requirements and features a bespoke payment solution that only requires a deposit via a player’s bank and ensures most winnings are paid in less than five minutes.Focardi (pictured) told iGamingBusiness.com that a launch date for Ninja Casino in Estonia would be kept under wraps for the time being, allowing the company to tweak the offering so it has a special appeal to the local market.“We’re very much interested in doing things right and creating a truly ‘local’ experience, not simply translating the site and materials and going live,” Focardi said.“We want to offer a tailored experience to the Estonian users that speaks to them and addresses their unique situation.“Estonia represents a very interesting market when it comes to launching Ninja Casino due to its size and the high level of technology literacy of the population.“We believe there is an opportunity to be disruptive and deploy several new marketing channels that will be useful for us once the Swedish market is regulated.”Sweden remains a primary focus of Global Gaming ahead of the market opening up on January 1, 2019.In April, the company entered into a partnership with Swedish agency Tre Kronor Media to boost its presence in the country, where it has already enjoyed “unprecedented organic growth”, according to Global Gaming’s chief marketing officer, Morten Madsen.Focardi added to iGamingBusiness.com: “TreKronor has been a great ally when it comes to Sweden. Our cooperation is going strong and growing every day. We’re happy to have their insights and experience in the markets and very much look forward to working closer with them.”Global Gaming chief executive Joacim Möller said that the latest move into Estonia “sends a strong signal” in the region and beyond.Möller said: “Following our recent licence awarded by the Maltese Gaming Authority, we continue to evaluate opportunities in other jurisdictions.” Tags: Online Gambling Subscribe to the iGaming newsletter Email Addresslast_img read more

Cherry secures majority stake in Highlight Games

first_imgFinance Cherry secures majority stake in Highlight Games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Stockholm-listed company ups shareholding in gaming specialist to 60.4% Email Address Tags: Online Gambling 7th August 2018 | By contenteditor Regions: Europe Nordics Sweden Cherry has secured a majority shareholding in Highlight Games by splashing out £5.4m to increase its stake by 22.9% to 60.4%.The shareholding increase comes 15 months after Cherry first made its move to invest in the gaming specialist, snapping up 25% of the technology company. In November, Cherry increased its stake to 37.5%.Anders Antonsson, Cherry’s head of investor relations and communications, would not be drawn on whether the company intends to complete a 100% buy-out of Highlight.Antonsson told iGamingBusiness.com: “We are pleased with the status as the principle holder, and any potential changes in the shareholder structure will be communicated in a press release.”Of the 22.9% acquired by Cherry, to become the majority shareholder, 15.1% was from “parties not active in the company”.Having secured the takeover by holding more than 50 per cent of the company, Highlight has been consolidated within Cherry’s game development division.Highlight offers a patented product together with multi-year rights to use footage from inter-alia historic football matches to create unique virtual sports content.Highlight’s Soccerbet game is in the process of being deployed into several African countries, while Highlight will also be launching in Italy through Eurobet.“Looking ahead, the company is exploring a number of new opportunities across several sports in emerging markets, with its innovative sports product uniquely using archive live-action sports footage,” Cherry said.Last month, Cherry secured a sports betting licence in Poland, where it plans to launch a completely new brand.The Stockholm-listed company is also planning to secure a licence in the re-regulated Swedish market, which will open up on January 1, 2019. Subscribe to the iGaming newsletter Topics: Financelast_img read more

DraftKings CEO backs DFS to thrive alongside sports betting

first_img Robins insists DFS is experiencing a “halo” effect in the US thanks to sports betting DraftKings CEO and co-founder Jason Robins has insisted that the growth of sports betting in the US will not cannibalise daily fantasy sports in the country.DraftKings was the first operator to launch an online and mobile sportsbook in New Jersey last month, in partnership with Kambi and Resorts Casino Hotel in Atlantic City.However, just days after the launch, DraftKings continued to expand its DFS operations by striking a partnership with sports bar and restaurant chain Buffalo Wild Wings, which had earlier confirmed to iGamingBusiness.com that it was exploring opportunities to offer sports wagering.Robins (pictured) told MetroBet that despite concerns in some quarters that DFS could be pushed out by sports betting across the US as the practice is gradually regulated over the coming years, “for now, I think it’s the opposite” with DFS “still growing”.He added: “It’s a halo effect we’re seeing with sports betting and [DFS], not just in New Jersey but we’re seeing a big spike in customer re-activation for [DFS] across the board.“The world changes quickly, and it’s hard to predict which way things are going to swing long-term. But I think [sports betting and fantasy sports] are complementary.“Most people I know who play fantasy also bet. No one really sees one as a placement over the other. I think more people on our platform will create more activity.”Robins added to Fox Business that DraftKings’ sports wagering operations are significantly ahead of expectations.“We’re about 300 per cent ahead of where our target was,” he added. “It’s only New Jersey that has mobile betting now – two others have retail – I think it’s still largely black market.”Just days ago, DraftKings become the latest sports betting provider to add PayPal to its list of payment deposit options. About half of credit card payments for online gambling in New Jersey are still being declined, according to Legal Sports Report.The figures covering the first full month of online sports betting in New Jersey featuring DraftKings will be revealed by the state later today (Wednesday). DraftKings said last week that it had already processed one million sports bets in New Jersey.With regard to the new nationwide partnership with Buffalo Wild Wings, Robins said: “I think their brand fits very well with our target demographic.“They have a great vision for what they want to create an already a nice network of established restaurants that people generally go to, to watch sports and I think it’s just a very good fit for what we are trying to do.”Image: DraftKings  Email Address 12th September 2018 | By contenteditor DFS Subscribe to the iGaming newsletter Topics: Sports betting Tech & innovation DFS Tags: Fantasy Sports AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter DraftKings CEO backs DFS to thrive alongside sports betting Regions: USlast_img read more

Greek operators could fight RNG exclusion

first_img Topics: Legal & compliance Email Address Operators could challenge exclusion of RNG casino games from proposed Greek regulatory framework Greek operators could fight RNG exclusion Regions: Europe Southern Europe Greece AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 14th September 2018 | By contenteditor Tags: Online Gambling Subscribe to the iGaming newsletter Legal & compliance Operators could challenge the exclusion of RNG casino games from the proposed new licensing and regulatory framework in Greece.A spokesman for one of the 24 licence-holders under the interim arrangement that has been in place since 2011 confirmed to iGamingBusiness.com that “online RNG games have been excluded from the proposed licensing procedure”.He said that the management was “still in the process of assessment” with regards to a potential challenge, ostensibly under EU law.He added that the decision would be “not an easy one I assure you, since challenging the proposed legislation will result in further delays in its implementation”.The Remote Gambling Association also confirmed to iGamingBusiness.com: “The amendments that they have published last week explicitly exclude RNG games from the scope of the law.”Lottery and offline sports betting monopoly OPAP, in which Greece sold its 33% stake to Greek-Czech fund Emma Delta in 2013, operates a network of Play Stores with VLTs offering RNG products such as slots and virtuals from providers including SciGames, Gtech and Inspired Gaming.The regulations published Tuesday by the Greek Ministry of Finance state that a five-year licence to offer online sports betting would cost €4m, with operators having to stump up another €1m to offer other online gaming services.Operators blacklisted in Greece within the past 12 months will not be considered for a new licence.This could impact GVC Holdings, which in January announced that a subsidiary operating under an interim Greek licence had received a tax audit assessment of €186.8m.The audit relates to activities from 2010 to 2011, a period in which the business in question was owned by Sportingbet prior to its acquisition by GVC in 2013.GVC confirmed to iGamingBusiness.com today (Friday) that it is still in the process of challenging the ruling, stating: “GVC has not been blacklisted and continues to operate legally under licence in the Greek market today.”Image: Evangelos Methenitislast_img read more