Ireland aims to woo Europe with a pledge to stick to its budget targets

first_img Show Comments ▼ More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Ireland aims to woo Europe with a pledge to stick to its budget targets Tags: NULL KCS-content whatsapp 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 CarsDrivepediacenter_img whatsapp Sunday 6 March 2011 10:34 pm IRELAND’S new government will stick to the budget targets laid down in an €85bn (£73bn pound) EU/IMF rescue package as it seeks to win European partners round to giving it easier terms on the loans.Ireland’s prime minister in-waiting Enda Kenny is under huge pressure to persuade Europe’s paymaster Germany to cut the interest rate Brussels is charging and give Dublin more time to restructure its banks before a Europe-wide deal on the debt crisis is hammered out at summit on 24-25 March.The coalition agreement between Kenny’s centre-right Fine Gael party and the centre-left Labour party, clinched shortly after midnight, seems designed to curry favour with the fiscally conservative Germans and draws a veil over some of the anti-EU rhetoric deployed in the election campaign.“It is in everybody’s interest, not only the national interest of Ireland, but in Europe’s interest and in the interests of the maintenance of the euro that we have a path that is sustainable out of the economic hole that we find ourselves now in,” said Brendan Howlin, one of the chief negotiators for the Labour party.Fine Gael, which will lead the new government, has persuaded Labour to drop its demand that Ireland be given an extra year to get its budget deficit under control and is aiming for the bulk of the adjustment to be achieved through spending cuts.The new government will aim to shrink the shortfall from nearly 12 per cent of Gross Domestic Product (GDP) currently to below an EU limit of three per cent by 2015.There will also be a new cabinet position to deal with public spending and public sector reform. Sharelast_img read more

EnCore plans drilling spin-off

first_img EnCore plans drilling spin-off Show Comments ▼ Wednesday 9 March 2011 7:55 pm whatsapp Tags: NULL Sharecenter_img KCS-content whatsapp Oil and gas explorer EnCore Oil said yesterday it was considering floating a new company containing its exploration assets to raise money for a drilling programme. EnCore said it would have a significant stake in the new company, which would be listed on AIM and expects to retain operatorship control. “I believe that this would re-position EnCore primarily as an asset development company with significant exposure to exploration upside,” said chief executive Alan Booth. The firm also posted a six-month pre-tax loss of £3.8m, compared with a profit of £15.5m a year ago. 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 PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Geniusmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comlast_img read more

Real Life Super Heroes by Spinmatic

first_img Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 25th May 2018 | By Louella Hughes Email Address Real Life Super Heroes by Spinmaticcenter_img Casino & games Topics: Casino & games Slots Crime rates in the country are rising to alarming levels…The responsible for all of this chaos is crime boss Ted Faker. Only superhero Phoenix and his friends NYX and Mr Extreme can stop him from executing his evil plans! Try this captivating slot game with 5 reels with 3 rows. It features 30 paylines, free Spin Scatter, 3 different Free Spin + Multiplier combinations, and standard wild. Enjoy an exciting and unique gaming experience!Play a demo version here.About Spinmatic:Spinmatic is a young company that creates and provides superior casino games –classic slots, jackpot slots, and progressive jackpot slots. Since its foundation in 2015, the company has revolutionised the world of slots producing stunning games using the latest HTML5 technology. Our games engage players around the globe thanks to exceptional graphics and animations together with unique sound FXs.Spinmatic games are accessible anytime and anywhere: desktop, mobile and retail gambling locations.www.spinmatic.comlast_img read more

US federal betting oversight ‘doesn’t make sense,’ says G2E panel

first_img Scott Longley reports on the debate over federal legislation of sport betting from from G2E Subscribe to the iGaming newsletter Regions: US US federal betting oversight ‘doesn’t make sense,’ says G2E panel In the wake of last month’s house sub-committee hearing on federal legislation of sport betting in the US Scott Longley reports on the debate from G2E.The moves made by the US Congress to re-impose a degree of control over sports betting in the wake of the striking down of PASPA got short shrift among panellists speaking on the first day of G2E in Las Vegas.At the end of September the House sub-committee on crime, terrorism, homeland security and investigations held a hearing on sports betting where Republican representative James Sensenbrenner stated that if Congress were do “do nothing” it would be the “worst possible alternative.”At the same time a separate move came from Senate minority leader Chuck Schumer from New York who joined up with Orrin Hatch, the Republican senior senator from Utah, to issue a call for Congress to seek oversight with regard to sports integrity.Both moves have been vocally supported by the US sport leagues despite, as the American Gaming Association (AGA) pointed out, PASPA only “enabling a massive illegal sports betting market that recently exceeded $150bn dollars a year.”Speaking on a panel at G2E in Las Vegas yesterday, Joe Asher, the chief executive of William Hill in the US, said such moves were unwelcome, particularly given the progress being made at state level to legislate for sports betting.“I’m not a fan of additional congressional legislation, to put it mildly,” he told the audience. “Why do sports leagues want to submit themselves up to the whims of the Congress, especially given the ability of Congress to hold hearings? It’s something I don’t quite understand.”The issue of Federal oversight with sports integrity has also become tied up at state level with that of potential data or integrity fees but Asher said he was sceptical of state legislatures moving to “divert money from tax payers and give it to the sports leagues and teams.”George Rover, managing partner at Princeton Global Strategies and previously attorney general and deputy attorney general in New Jersey, said that Federal oversight “doesn’t really add up.”“What you will see is the states will form something collaboratively to deal with integrity monitoring,” he said. “They have the same in Europe. That will put to rest the arguments.”Sources yesterday pointed out that despite the public support from the leagues with regard to the Federal moves, there was no consensus between them on the issues being discussed.It is notable that while Major League Baseball (MLB), the National Basketball Association (NBA) and the PGA Tour put out one statement, the National Football League (NFL) and the national Collegiate Athletic Association (NCAA) went with their own public comments.“It should be remembered, they are competitors,” said one source on the sidelines at the conference. “A spectator at the basketball is one less fan at the hockey.”The potential for further Federal moves on sports betting was also raised by another panel yesterday which looked into the tribal response to the post-PASPA sports-betting environment.Aurene Martin, president at Spirit Rock Consulting, said that she “didn’t really see Federal legislation happening.”Martin noted that the legislative calendar and next month’s midterms mitigated against the risk of Congress agreeing on any moves once the elections were over. “There’s nothing they can do to force a change, at least not in a lame duck (session),” she said.She added, though, that if there was any evidence of states falling down on problem gambling or sports integrity, it would trigger Congress to take more of a stand.Martin noted that the tribes had so far stayed on the out of the Federal debate but Steve Bodmer, general counsel of the Pechanga Band of Luseno Indians, did warn that the tribes should be prepared to argue their case over sports betting, particularly as it related to arguments about their various compacts and exclusivity agreements.“If there is a federal level, how would the tribes feel about relegating some of their sovereign authority?” he asked.Stephen M. Hart, partner at Lewis Roca, agreed. “What complicates it for Indian tribes is exclusivity,” he said. “It’s something the tribes hold dearly and it is very tough (when it comes to) sports betting.”Looking specifically at California, Bodmer suggested that if sports-betting was to be considered then the issue of the compact with the state and the exclusivity granted to tribal gaming would likely have to be addressed.“What makes this so difficult for tribal is the issue of what does exclusivity cover,” he said. “There is a discussion to be had about that. Is there no choice but to go forward given public opinion? In California, if you want to open sports-betting, tribes will have to be looked at.” Casino & gamescenter_img Topics: Casino & games Sports betting Tribal gaming 9th October 2018 | By Hannah Gannage-Stewart AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Connecticut committee chair files sports betting proposal

first_img7th March 2019 | By contenteditor Connecticut committee chair files sports betting proposal Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Topics: Casino & games Legal & compliance Lottery Sports betting Tribal gaming Horse racing Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The chairman of the Connecticut House Public Safety and Security Committee Joe Verrengia has filed a proposal to regulate online and land-based sports betting in the state.Verrengia’s HB7331 allows in-person wagering and remote betting via electronic wagering platforms, with oversight for the market entrusted to the Connecticut Department of Consumer Protection.Those applying for sports wagering operating licences will pay a $100,000 (£76,000/€88,400) non-refundable application fee, then a $500,000 for a two-year licence. It is one of three licences available, alongside sports wagering vendor licences, which come with a $100,000 application fee and $300,000 licence fee, and sports wagering lottery sales agent licences, accompanied by a $250,000 fee.Those aged 21 years old and above will be allowed to bet on sports, with operators required to offer voluntary self-exclusion and the ability to set spending limits. It also blocks anyone involved in professional sports from team owners to employees of sports governing bodies, from betting.Operators will be taxed at 9.89% of gross revenue, with the state to establish the Sports Wagering Account, a new fund alongside the Connecticut General Fund. Money raised from sports betting will be deposited in this fund, and used to cover the Department of Consumer Protection’s regulation- and licensing-related costs.At the end of each year, half of 1% of money in the account will be allocated to Connecticut’s five Regional Behavioral Health Action Organizations, as designated by the Commissioner of Mental Health and Addiction Services. The remaining money will then be transferred to the state General Fund.HB7331 will also create a new compact with the state’s tribal casino operators, the Mashantucket Pequot and Mohegan tribes. The pair currently hold the exclusive right to operate casino gambling in the state, and Verrengia proposes creating a new sports betting-specific compact. This would have to be approved by the US Department of the Interior, under the terms of the the Indian Gaming Regulatory Act.The compact appears to be under the same conditions as the existing agreement, under which the tribes contribute 25% of operating revenue to state coffers.Verrengia’s bill also takes an unique approach to integrity fees, by mandating the Connecticut Commissioner of Economic and Community Development seeks partnerships with professional sports leagues and governing bodies, using funds generated from legal wagering.This will be with the ultimate goal of scheduling at least three major league professional sports events in the state each year, which reflect Connecticut’s geographic and demographic diversity.The bill has been assigned to the House Public Safety and Security Committee, of which Verrengia is chair, for further discussion. Should it make it through the committee – then House, Senate and Governor – it would come into law from July 1, 2019.Image: Max Hester Email Address The chairman of the Connecticut House Public Safety and Security Committee Joe Verrengia has filed a proposal to regulate online and land-based sports betting in the state. Casino & games Regions: US Connecticutlast_img read more

Svenska Spel promotes Franzén to IT director role

first_img Subscribe to the iGaming newsletter Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Svenska Spel has appointed Mikael Franzén as the company’s new IT director, replacing Jörgen Olofsson in the role.Franzén currently serves as vice president of Svenska Spel’s Sport & Casino igaming subsidiary, responsible for its B2B pool betting offering. He will assume his new position on September 1, 2019, joining the operator’s management team and reporting directly to chief executive Patrik Hofbauer.“I am very happy to welcome Mikael Franzén to his new role of IT director,” Hofbauer said. “I am also proud that we have found an internal candidate [for the role], as it proves that we have solid competence within the business.“Mikael’s extensive experience of both Svenska Spel and the gaming industry will be valuable in the continued development of our business,” he added.Franzén has worked in the gaming sector since 1993, first joining the Penninglotteriet, which was then merged with state-owned betting operator Tipstjänst to create Svenska Spel in 1997. Since then he has held a number of roles within the business, working on the development and launch of its igaming offering.“I am very pleased to be trusted to lead Svenska Spel’s IT team,” Franzén  said of his new role. “They are the ones who together develop, implement and manage the solutions that enable Svenska Spel to offer customers fun and exciting gaming experiences in a safe and responsible manner.“I hope to contribute with my long experience of the gaming industry and my insights into what is required to create a competitive offering in an increasingly digitised and fast-paced gaming market,” he added. Svenska Spel has appointed Mikael Franzén as the company’s new IT director, replacing Jörgen Olofsson in the role. Tags: Mobile Online Gambling Topics: Casino & games Lottery Sports betting Strategy Tech & innovation Regions: Europe Nordics Sweden Svenska Spel promotes Franzén to IT director role 18th June 2019 | By contenteditor Email Addresslast_img read more

Sports betting slump hits Spanish igaming GGR

first_img Email Address Finance 27th August 2019 | By contenteditor A slump in sports betting in the second quarter of 2019 led to a 7.85% quarter-on-quarter fall in gross gaming revenue (GGR) for the Spanish igaming market over the three months to the end of June.However, the continued growth of online slots helped the market to register an overall increase of 6.69% to €178.35m (£160.76m/$196.91m) in comparison with the corresponding period in 2018, according to Spain’s igaming regulator, La Dirección General de Ordenación del Juego (DGOJ).After posting a 26.2% year-on-year increase in sports betting GGR in the first quarter of 2019 to €101.8m, the total dropped to €86.45m in the three months until the end of June – a 1.32% year-on-year fall, but a 15.08% drop on the previous quarter.The DGOJ cited a 31.76% decline in traditional fixed-odds wagering and a 4.55% drop in in-play betting in comparison with the first quarter.The slump meant that sports betting accounted for less than half of the online GGR in the second quarter – 48.47%, down from 52.6% in the first three months of the year.Online casino GGR increased from €66.40m in Q1 to €69.04m in the second quarter, with the segment accounting for 38.71% of the total igaming GGR in the country, up from 34.7% in the previous quarter.The growth of online casino revenue – boosted, according to the DGOJ, by continuing momentum behind slots – helped to mitigate declines across a number of key metrics.Marketing expenditure of €82.5m represented a 1.18% increase year-on-year, but a 10.3% fall in comparison with the previous quarter, with the regulator citing quarter-on-quarter falls of 24.37% and 14.62% in sponsorship and advertising spend, respectively.Online poker generated €19.36m of igaming GGR in Q2, down from €21.17 in the previous quarter, with bingo also falling from €3.21m to €3.03m.The number of active igaming accounts was 861,237 in the three months until June 30, a 0.18% increase year-on-year, but the number of new accounts dropped by 12% to 235,920 in comparison with the second quarter of 2018. Topics: Finance Regions: Europe Southern Europe Spain Subscribe to the iGaming newsletter Tags: Online Gambling A slump in sports betting in the second quarter of 2019 led to a 7.85% quarter-on-quarter fall in gross gaming revenue (GGR) for the Spanish igaming market over the three months to the end of June. Sports betting slump hits Spanish igaming GGR AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Interwetten announces Greek Super League sponsorship

first_img Regions: Europe Southern Europe Greece Austrian online gambling operator Interwetten has signed a deal with the Greek Super League, the top level of football in Greece, to become the league’s official sports betting partner for the 2019-20 season.The company’s branding will appear on LED boards at stadiums and interview boards as well as in other locations, while the company can also take advantage of digital integrations with Greek Super League channels and a hospitality package for every league match.“Greece is and will remain a very important market for us. That’s why we want to continue to invest in the sport here and expand our position,” Interwetten chief executive Dominik Beier said. “The Super League is an ideal partner in this respect thanks to its national and weekly presence.“It opens up a multitude of communication and activation opportunities for us throughout the country.”The deal follows the announcement in August that Interwetten would sponsor Greek Super League team Asteras Tripolis. The company also revealed in August that it would sponsor Bundesliga club VfL Wolfsburg. Austrian online gambling operator Interwetten has signed a deal with the Greek Super League to become the league’s official sports betting partner for the 2019-20 season. Email Address Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Topics: Sports betting Strategy Subscribe to the iGaming newsletter 1st October 2019 | By Daniel O’Boyle Interwetten announces Greek Super League sponsorshiplast_img read more

GC warns operators over in-game ‘feature buy-ins’

first_img Regions: UK & Ireland 17th January 2020 | By contenteditor The GB Gambling Commission has warned operators to ensure their products meet transparency and online safety standards, after discovering that operators were offering games that featured a ‘buy-in’ option for bonus features.This saw players able to pay money to access games’ bonus feature without playing the games’ normal rounds.Six operators were found to be offering the feature, with one charging more than £3,000 for immediate access to the bonus round.The regulator noted that its remote gambling and software technical standards require operators to provide an explanation of applicable rule stop customers, as well as prohibition them from active encouraging customers to chase their losses.Licensees must also refrain from encouraging players to chase their losses, increase their stakes or amounts they have chosen to gamble with.All six operators were contacted by the Commission over the use of the buy-in feature, and have since removed it from their sites.The warning comes after a week in which the regulator has moved to strengthen player safeguards by banning the use of credit cards to fund gambling, and made access to the GamStop self-exclusion system a mandatory requirement for all licensees. GC warns operators over in-game ‘feature buy-ins’ Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Mobile Online Gambling Slot Machines Topics: Casino & games Legal & compliance Marketing & affiliates Slots Casino & games Subscribe to the iGaming newsletter The GB Gambling Commission has warned operators to ensure their products meet transparency and online safety standards, after discovering that operators were offering games that featured a ‘buy-in’ option for bonus features.last_img read more

Nektan removed from London’s AIM

first_img Email Address 18th May 2020 | By contenteditor Nektan removed from London’s AIM Tags: Mobile Online Gambling Topics: Finance Strategy Financecenter_img Trading in shares of struggling B2B supplier Nektan on the London Stock Exchange’s Alternative Investment Market has been cancelled, after the company failed to appoint a new nominated advisor. Subscribe to the iGaming newsletter Trading in shares of struggling B2B supplier Nektan on the London Stock Exchange’s Alternative Investment Market has been cancelled, after the company failed to appoint a new nominated advisor.On 15 April, when the Supreme Court of Gibraltar appointed Steven de Lara of Signature Litigation and Ian Defty of CVR Global as joint administrators of the business, Shore Capital and Corporate resigned as nominated adviser to the business.Shore Capital Stockbrokers resigned as Nektan’s joint broker at the same time, with trading of its shares suspended since it announced its intention to appoint administrators on 14 April.Under AIM Rule 1, if a new nominated adviser is not appointed within a month, a company’s securities will be removed from the exchange. Nektan said at the time it had “no current intention” of appointing a replacement to Shore Capital and Corporate.The supplier was forced to bring in administrators – for the second time this year – after failing to raise necessary funds to continue as a going concern.In January Mark Phillips and Julie Swan of PCR London were appointed joint administrators of its B2C division Nektan Gibraltar (NGL) subsidiary by court order. The pair sold off the B2C division to Active Win Media’s Grace Media subsidiary for a total consideration of £200,000.The supplier had already seen trading of its shares suspended, also in January, after failing to publish its accounts for the year ended 30 June 2019 by the exchange’s deadline. Trading resumed from 27 January, after it published full-year results that revealed net loss grew 31.4% year-on-year to £9.2m.However its results for the six months to 31 December 2019 were positively impacted by a £157,000 gain from discontinued operations, resulting in net loss for that period falling 42.3% to £2.8m. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more