CITY MOVES | WHO’S SWITCHING JOBS

first_img More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 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.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Share CITY MOVES | WHO’S SWITCHING JOBS Show Comments ▼ whatsapp Tuesday 4 January 2011 7:15 pm KCS-content Tags: NULL PricewaterhouseCoopersPwC has appointed a new technology leader in the UK: Jass Sarai. He will be replacing Barry Murphy, who has been the company’s technology leader in Britain for the last two years. Sarai has worked on the technology sector for the last decade, having joined PwC straight from university, and will now be responsible for leading the analysis of new opportunities in the sector for the company’s clients. He has worked in Birmingham, the US and now London.RBC Capital MarketsThe corporate and investment banking arm of the Royal Bank of Canada has made a new appointment, hiring Carlo Mareels as a director and senior financials credit analyst in its European credit research team. He will report to Roger Appleyard and will be based on London. He joins the company with over a decade’s experience in the financials industry. Most recently, he has worked at HSBC, covering European banks and previously he worked at Morgan Stanley.J O Hambro Capital ManagementThe boutique investment firm has added two new European equity fund managers, Trygve Toraasen and Carlos Moreno, ahead of the launch of its European dynamic growth fund next month. Both recruits come from Thams River Capital, where they were managing an equivalent fund focused on dynamic growth in European region. Toraasen has also worked at Fidelity for 14 years, while Moreno worked there for 15 years, rising from research analyst to fund manager.Electra Private EquityElectra has appointed a new non-executive director: Geoffrey Cullinan. He has previously been a director at Bain & Company from 1997 to 2005 and founded their private equity business in Europe. Cullinan has also been a chief executive of Hamleys and a non-exec of Datamonitor. He also co-founded OC&C Strategy Consultants in 1986.National Institute of Economic and Social ResearchThe NIESR has appointed a new director: Jonathan Portes, currently chief economist at the Cabinet Office. He will take over on 1 February. He replaces Martin Weale, who has been appointed to the Bank of England’s Monetary Policy Committee.Ascent ResourcesThe AIM-listed oil and gas firm has appointed Scott Richardson Brown as a full-time executive finance director. He replaces Simon Cunningham, who is moving to Australia. whatsapplast_img read more

Greene King buys Cloverleaf

first_img Share whatsapp Monday 31 January 2011 3:39 am Show Comments ▼ Greene King has bought carvery and pub chain Cloverleaf Restaurants for £56m.Cloverleaf has 12 sites in the Midlands and the north of England with plans for 10 more.Meanwhile Suffolk-based Greene King said sales from outlets open more than a year in its largest unit, Retail, rose 3.9 per cent in the 38 weeks to 23 January. Like-for-like food sales jumped 8.2 per cent, lifted by sales at its pub restaurant brand Hungry Horse.Greene King, whose other chains include Old English Inns and Loch Fyne Restaurants, has focussed on value and higher margin food sales since 2008 helping it outperform competitors who have struggled in torrid trading conditions.As a result, full-year margins at its retail business will to be slightly ahead of last year, the company said, but echoed its peers in noting caution on the outlook.“The short-term outlook for the consumer is unclear, but we are confident we will… meet our expectations for the financial year” it added. Greene King said volumes were down 3.3 per cent in own-brewed ale volumes.” Greene King buys Cloverleaf Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp John Dunne last_img read more

EADS back in the black on new orders lift

first_img EADS back in the black on new orders lift Share whatsapp AIRBUS parent EADS returned to profit in 2010 and bagged a slew of new aircraft orders, it announced yesterday, pushing its shares up even as airlines fretted about surging oil prices.EADS posted higher than expected 2010 revenue of €45.8bn (£39.3bn), up seven per cent, and operating profit of €1.23bn. It restored a dividend of 22 cents after posting a net profit of €553m.Downpayments from airlines handed EADS a record cashpile of €12bn at the end of 2010. Wednesday 9 March 2011 7:54 pm KCS-content Show Comments ▼ Tags: NULL 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 whatsapplast_img read more

The insurance man turns to banking

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Tags: NULL 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}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp KCS-content AFTER nine years at the helm of London’s insurance market Lloyd’s, its chairman Lord Levene is singularly unshockable even in the face of disasters on the unprecedented scale that struck Japan.The earthquake and tsunami which hit the northeastern coast of Japan on 10 March will cost insurers $20bn-30bn (£12.5bn-18.8bn), but Levene doesn’t think the loss is big enough to stretch the capacity of the market.“The Japan earthquake, as ghastly and horrible as it is, is a large event for us, but it’s not mega stupendous,” he says, comparing it to the destruction wreaked by hurricanes Rita, Katrina and Wilma in the US in 2005 or 2001’s World Trade Centre attacks.In both of those years, the staggering losses borne by insurers saw premium rates shoot up, but Japan’s crisis hasn’t spooked the market in the same way, he says.“It is not in that league,” he said calmly. “We will probably see rates creep up, they ought to, but we will have to wait and see.”Indeed, Lloyd’s is now so financially strong that despite paying out £2.18bn in catastrophe claims in 2010 it turned a £2.2bn profit and holds £19bn in reserves. For Levene, it marks a remarkable turnaround from his arrival in November 2002.Peter Levene was made Lord Levene of Portsoken in 1989 after a career building United Scientific Holdings into a top defence contractor and advising ministers from Michael Heseltine to John Major on areas such as defence, trade and efficiency.He has been a City stalwart since, as deputy chairman of investment bank Wasserstein Perella, senior adviser at Morgan Stanley and vice chairman of Deutsche Bank in London. He served as the City’s Lord Mayor in 1998-99.But he’s best known as a fixer: the man who delivered the Docklands Light Railway and Canary Wharf projects against the odds, and he’s worked the same turnaround magic at Lloyd’s.Levene was parachuted in after five consecutive years of losses, and admits the market was disliked at the time. “When I got here…if you worked at Lloyd’s it was like more recently you worked at RBS – you didn’t want to say you worked there because it was a terrible place,” he said.He has overseen nine years of growth and globalisation, gaining licences to operate in Brazil, the Netherlands, China and Russia among others. He has also restored order to its affairs by introducing the Franchise Board and the Franchise Performance Directorate.Today Lloyd’s is “much more disciplined”, he says, returning to its profit figure: “Five or six years ago that would have been an all time record.”Levene’s role at Lloyd’s has also put him in the front line of clashes with governments and he has become an outspoken critic of burdensome regulation.The torturous birth of new capital requirements on the industry, Solvency II, is his most immediate concern.Lloyd’s is still locked in negotiations with new European Union insurance super-regulator the European Insurance and Occupational Pensions Authority to ensure the capital demands levied against different risks are fair. But he’s amused and amazed by the farcical scale of the bureaucracy it creates.“They have worked out the regulator here, the Financial Services Authority, is going to get something like 10,000 sheets of paper because of it – it has just become a huge paper mound,” he said. “Does it mean it ought to be simplified? Yes. Will it be simplified? I don’t know.”It’s a problem being played out on a larger scale in the financial services sector as a whole, and insurers have had to battle to make regulators understand their work’s difference to more risky investment banking.“Insurance is not banking; insurance had a good crisis; it didn’t get into a terrible mess, so don’t throw the baby out with the bathwater,” he said. “If you’ve got to tighten up bank regulation that’s as maybe but don’t reckon that insurance is a systemic risk because it isn’t.”Levene is set to step down from Lloyd’s this December and will doubtless be studying bank regulation more closely next year as chair of high street bank NBNK, which launched last June.NBNK has been spearheaded by Levene and other finance heavyweights as a customer-friendly and transparent bank. It aims to buy branches sold by bailed-out lenders such as RBS as part of EU regulatory demands. Levene confirms a package of 600 for-sale Lloyds Banking Group branches is in NBNK’s sights.“Lloyds Banking Group has appointed advisers to help them put the package together and help provide an interim funding package for them to make it balance, and then we will be a bidder for that package along with anyone else who chooses to bid,” he said.Looking back, while he’s pleased to have achieved financial turnaround at Lloyd’s, he says it is the improvement to its reputation he hopes to be remembered by.He says: “We’re now one of the best regarded businesses in the UK and our staff and the market are very proud to be associated with Lloyd’s. To the extent that I have been able to drive that, I consider that a big win.” center_img Share The insurance man turns to banking Show Comments ▼ Wednesday 30 March 2011 8:22 pm whatsapplast_img read more

UBM considers UK tax base

first_img Show Comments ▼ whatsapp whatsapp UBM considers UK tax base Tuesday 19 April 2011 8:02 pm KCS-content Sharecenter_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 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 SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com UNITED Business Media (UBM) is considering relocating back to the UK after George Osborne’s pledge to speed up a cut in the rate of corporate tax.Chief executive David Levin said he could follow his WPP counterpart Martin Sorrell in redomiciling after what were seen as positive changes in the budget. UBM moved its tax-base abroad in 2008.The media company saw its profits surge by almost a fifth in the first-quarter of this year, bolstered by strong trade fairs, especially in emerging markets.UBM reported underlying first-quarter growth of 16 per cent in events and said forward bookings for its top 20 events in the next 12 months were up 21 per cent. Its underlying sales grew eight per cent to £238m for the first-quarter, while adjusted operating profit increased 19 per cent to £44.6m.Levin said: “Overall, we anticipate continued growth in profit largely driven by a full-year of contribution from our acquisitions and continued momentum in our events business.” 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe 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 Wrap last_img read more

Virgin Media hits forecasts

first_img Show Comments ▼ Wednesday 20 April 2011 2:42 am John Dunne Tags: NULL whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Share whatsapp Virgin Media hits forecasts Cable operator Virgin Media said it added 20,200 net new cable customers in the first quarter, drawn by fast broadband speeds and pay-TV, helping it to post solid results in line with forecasts.Virgin Media, which competes with pay-TV company BSkyB and telecoms and broadband providers such as BT, said its customers were also paying a record amount for the time of year as its momentum continued.Revenues from its mobile phone division were up 3.8 per cent in the quarter as it continued to grow its base of those on mobile contracts.Quad-play penetration, where a household takes TV, broadband, fixed-line and mobile phone services, increased to around 12 per cent, compared with 11 percent a year ago.The strong operational performance enabled the group to post first quarter revenues up 5.7 percent to 982 million pounds and operating cash flow up 7.6 per cent to £376m, both in line with consensus forecasts. last_img read more

bwin bolsters customer engagement with WettBuddy

first_img bwin has joined forces with tech start-up Tokabo to launch a new betting chatbot service designed to strengthen engagement with customers 23rd May 2018 | By contenteditor Subscribe to the iGaming newsletter Topics: Sports betting Tech & innovation Tags: Mobile Online Gambling bwin has joined forces with tech start-up Tokabo to launch a new betting chatbot service designed to strengthen engagement with customers. Billed as a virtual betting buddy, ‘WettBuddy’ will initially run via the Facebook Messenger service and be available to consumers via an on-boarding sign-up process. Once a customer has signed up, WettBuddy will start conversations around their favourite team, upcoming matches and events, as well as respond to questions posed by the user. WettBuddy will provide information and data such as match stats and trivia that is tailored to each individual customer. In addition, bwin will be able to use the service to directly promote offers to the customer, based on that user’s interests. WettBuddy will initially go live in Germany and Austria for a trial period before being rolled out to bwin’s wider customer base. Stephan Heilmann, head of the DACH region at bwin’s parent company GVC, said: “Our commitment at bwin, is to provide our players with a complete betting experience. “WettBudy is all about engaging the customer to provide a more personalised, richer interaction between them and our product, maximising the enjoyment of gaming with us. “A first for the industry, all in all, it is set to be the perfect online companion for the sports betting fan this summer.” The launch comes after bwin earlier this month also rolled out launched a special marketing campaign featuring Diego Maradona ahead of this year’s Fifa World Cup national football team tournament in Russia.Related article: bwin unveils ‘Who Stole the Cup?’ campaign for Russia 2018center_img Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address bwin bolsters customer engagement with WettBuddylast_img read more

World Poker Tour to merge with Allied Esports

first_img Black Ridge Acquisition to purchase both businesses from Ourgame International in a deal worth up to $213.8m (£168.9m/€186.7m) Casino & games World Poker Tour to merge with Allied Esports Topics: Casino & games Esports Poker Video gaming Subscribe to the iGaming newsletter Email Addresscenter_img Black Ridge Acquisition has agreed a deal to purchase the World Poker Tour (WPT) Enterprises and Allied Esports International assets from Ourgame International Holdings and merge the two businesses to form a new entity.The combined company will operate as Allied Esports Entertainment (AESE) and focus on providing in-person experiences, multi-platform content and interactive services across poker and video gaming, catering to an audience estimated to be as large as 2.2bn people.The deal is worth up to $213.8m (£168.9m/€186.7m) and is expected to close in the first quarter of 2019, with the new business to be listed on the NASDAQ Capital Market Exchange.The acquirer is a special purpose acquisition company, sponsored by Black Ridge Oil & Gas, and is headquartered in Minnesota. Its director Lyle Berman will become chair of AESE, with Ourgame chief executive Frank Ng taking on the CEO role at the new business. “In more than 40 years in the gaming and entertainment business, this is the most exciting opportunity I have seen,” Berman said. “The capital from the Black Ridge SPAC will be used to expand AESE’s global property network, accelerating their first-mover advantage as the company continues to build a brand that is synonymous with esports.”Ng will be supported as chief executive by many of the same team he worked with at Ourgame. Eric Yang will serve as vice chairman; Ken DeCubellis as finance chief; David Moon as chief operations officer, and Adam Pliska takes on the role of president.“This transaction will be transformational for our rapidly expanding company and provide the esports community with a fully capitalized, globally connected esports enterprise capable of producing the volume and breadth of esports entertainment products the industry is increasingly demanding,” Ng said. “By applying WPT’s proven business model to the much bigger, higher-growth global esports business, we are creating an esports entertainment platform that is long-lasting and positioned to capture the esports monetization opportunity.”The new entity will combine Allied’s network of properties and facilities with WPT’s expertise in live events, content distribution and customer engagement, with a pledge to deliver unparalleled experiences to a global esports audience.This will include creating original content to share across partner distribution platforms including digital, traditional and social media, as well as developing a proprietary online platform to deliver branded entertainment for participants and viewers globally.WPT Enterprises operates the renowned World Poker Tour, which hosts a series of land-based and online tournaments, supported by a range of assets and television deals. WPT also licenses its brand for third-party events, as well as broadcasting coverage of its tournaments online and through broadcasting partnerships. Hong Kong-based Ourgame acquired WPT from bwin.party in June 2015 in a deal worth $35m.Allied Esports International, meanwhile, runs a global network of esports properties and content production facilities, such as the HyperX Esports Arena Las Vegas in Nevada, where the WPT staged four of its Season 16 events. Allied’s portfolio also includes a number of affiliated esports arenas, and even specially designed trucks in which competitions can be staged.Image: World Poker Tour 20th December 2018 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Card Rooms and Poker Mobile Online Gambling Video Gaminglast_img read more

Coral cleared over World Cup advertising complaint

first_img Regions: UK & Ireland Coral cleared over World Cup advertising complaint AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Marketing & affiliates Sports betting Email Address The UK Advertising Standard Agency (ASA) has cleared Coral of any wrongdoing over a betting advert that the Campaign for Fairer Gambling challenged for being misleading.The campaign group flagged up an advert published in the Racing Post on June 16, 2018, featuring a ‘price boost’ on the Fifa World Cup football match between Argentina and Iceland on the same day.In the ad, Coral offered odds of Lionel Messi (pictured) to score two or more goals at a price of 5/1, with the words ‘WAS 3/1’ struck through underneath. Additional text said punters were limited to a maximum bet of £10 (€11/$13) online and via mobile for a limited time only.The Campaign for Fairer Gambling contacted the ASA, questioning whether both the term ‘price boost’ and the crossed out price of 3/1 were misleading.Responding to the complaint, Coral said the odds of 3/1 was the standard price when the promotion was introduced. The bookmaker admitted that this price may have fluctuated due to factors such as betting patterns and team news.Coral noted that the ad had to be filed with the newspaper in advance and this price may have changed upon publishing. The ad featured the disclaimer: “guide price only, prices subject to fluctuation”.The odds on the same bet outside of the offer dipped to 14/5 briefly on June 14 before returning to 3/1, while the price also shortened to 13/5 on the day before the game. The offer remained in place until kick-off, when it was replaced with an in-play market that saw the odds fluctuate throughout he match.Coral said that the standard priced market moved in a way that made the price boost more advantageous to customers who placed a bet at the offer price.The ASA ruled that consumers would generally be aware that such odds are subject to change. The regulator said text in the ad referring to the maximum bet of £10 and only being available online and mobile reinforced this statement.The ASA also said consumers would expect the 3/1 price to have been the main standard market price in the period before the ad was published. It also said consumers would expect this standard price to apply for bets placed outside of the Coral app or website during the boost period.In addition, the ASA said Coral provided information that showed significantly more bets were placed at the boosted price of 5/1 than at 3/1. The regulator considered the brief fluctuations in the market did not alter the status of 3 /1 as the standard market price in the period before the ad appeared.Stating that those who did not use the Coral website or app during the boosted period to place a bet did so at the standard market rate, the ASA ruled that it is unlikely the price boost text and 3/1 odds were unlikely to mislead.The ASA concluded that as Coral did not breach any CAP Code rules, it will not take any further action against the bookmaker.Image: Oleg Bkhambri (Voltmetro) Subscribe to the iGaming newsletter Tags: Mobile Online Gambling Marketing & affiliates Complaint by the Campaign for Fairer Gambling rejected by UK advertising watchdog 9th January 2019 | By contenteditorlast_img read more

Svenska Spel suspend betting on Swedish football competition

first_img Topics: Sports betting The governing body took this step after integrity monitoring partners revealed that as many as 13 matches in the division were suspected to have been rigged during the spring season. It has asked the country’s gambling regulator Spelinpsektionen to implement a blanket ban on offering odds on the league for all licensees in the market.“The situation that has arisen is so serious that we are unfortunately forced to take action to supend the betting markets to safeguard the integrity of the league and prevent manipulation for the the rest of the season,” SvFF secretary general Håkan Sjöstrand said.While Spelinspektionen is yet to make a decision on whether to implement the blanket ban requested by the SvFF, Svenska Spel has moved to suspend betting on the league.“We work daily to ensure that the gaming products we offer our customers are free from manipulation,” the operator’s head of sports betting and gaming security Dan Korhonen said. “In discussions with the Football Association, we have expressed our concerns about Division 2 Södra Svealand, as the number of matches under suspicion is so high that the integrity of the whole league can be questioned.“We see no other solution than stopping all betting [on the league].”The measure is the latest taken by Svenska Spel as a result of social responsibility concerns, following the operator’s decision to cease advertising its online casino offering as a result of concerns about excessive advertising in the newly regulated Swedish igaming market. Sports betting regulations have also come under scrutiny in recent weeks, with uncertainty over the regulator’s stance on offering odds on markets involving professional sportspeople under the age of 18. This saw eight licensees handed official warnings and penalty fees of as high as SEK10m (£848,313/€949,151/$1.07m) for offering odds on sporting events featuring a majority of participants under the age of 18.Gaming Innovation Group suspended its sportsbook operations in Sweden earlier this month (9 July), arguing that a lack of clarity on regulations put the business in “an impossible position”.Operator body Branschföreningen för Onlinespel (BOS), meanwhile, has demanded an urgent meeting with Spelinspektionen as it looks to address operators’ concerns about unintentionally falling afoul of regulations due to this lack of clarity. Svenska Spel’s Sport & Casino igaming subsidiary has taken the decision to cease offering odds on the Division 2 Södra Svealand football league until further notice.The decision has been taken as a result of suspicious betting activity around a number of matches in the division, leading to a request from the Swedish Football Association (SvFF) to suspend betting on the league. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Nordics Sweden Subscribe to the iGaming newsletter 25th July 2019 | By Daniel O’Boyle Sports betting Email Address Svenska Spel suspend betting on Swedish football competition Svenska Spel’s Sport & Casino igaming subsidiary has taken the decision to cease offering odds on the Division 2 Södra Svealand football league until further notice.last_img read more

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