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first_imgTuesday 8 February 2011 8:32 pm whatsapp KCS-content Show Comments ▼ THE British online consumer is as negative about the domestic economic outlook for the next twelve months as the Chinese online consumer is positive, according to Bloomberg/YouGov’s Household Economic Activity Tracker (Heat). Fifty-four per cent of Chinese respondents to Bloomberg/YouGov’s online poll of consumers answered that they expected their household financial situation to improve over the next twelve months, compared with 20 per cent of British people polled. In fact, a majority (51 per cent) of British consumers expected their household financial situation to get worse over the coming year, while only 14 per cent of Chinese feared the same.These contrasting attitudes were consistent with each nation’s expectations on the future value of its homes. Chinese homeowners are much more bullish – with homeowners expecting the price of their dwelling to increase six per cent over the next 12 months versus UK homeowners who each believe their homes will fall three per cent in value over the same period.More striking is the uniformity of opinion in China. In the UK, 54 per cent of homeowners expect prices to fall versus 34 per cent expecting an increase (net -20); China, though, sees 84 per cent expecting an increase versus seven per cent expecting a decrease. The 12-to-1 difference of opinion in China gives a reason for pause. The near-unanimity among China’s consumers prompts speculation that China’s real estate surge is peaking. Prices rose nearly 50 per cent in Beijing since 2006, and the government introduced China’s first home-ownership tax in the cities of Chongqing and Shanghai on 28 January.Bloomberg//YouGov interviewed online consumers across the UK and China during December and January (a representative sample of internet users were interviewed in each) on a broad range of macroeconomic and microeconomic behaviour. Results were weighted to both online populations to make them comparable.Stephan Shakespeare is founder and chief executive of YouGov. 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut Share whatsapp China’s online shoppers set confident example Tags: NULLlast_img read more

first_img Shares fall for HP after weak result Share Tags: NULL whatsapp Show Comments ▼ HELWETT-PACKARD failed to meet investors’ sales expectations, resulting in a fall in shares.The US technology giant said revenue for its first fiscal quarter of this year climbed 3.6 per cent to $32.3bn (£20bn), below forecasts of $33bn.Shares in the firm fell 12 per cent in after hours trading to $42.4 following the news.Sales in two of its core businesses – personal computers and technology services – contributed to the drop.The limp performance overshadowed higher than expected fiscal first-quarter profit, driven in part by cost discipline and lower component costs.The firm recorded a 16 per cent jump in profit to $2.61bn, or $1.17 per share. Revenue increased 3.6 per cent to $32.3bn.The results could worry investors in the world’s biggest PC maker, which had become a likely candidate for a turnaround story.Shares in the firm fell significantly following the departure of chief executive Mark Hurd last summer. However stocks had begun to rise again this year prior to yesterday’s announcement. New chief executive Leo Apotheker will attempt to address the California-based firm’s woes as he unveils his strategy for the firm next month. center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPuffer fish snaps a selfie with lucky divernypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Tuesday 22 February 2011 8:51 pm KCS-content whatsapplast_img read more

first_img 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 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todayautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia whatsapp Mears sees strong growth Tuesday 15 March 2011 8:23 pm Tags: NULLcenter_img Share Social housing provider Mears reported a 27 per cent rise in operating profit to £31.3m yesterday, and said its record £2.7bn order book means 93 per cent of its expected revenues for 2011 are secured. The firm said it will expand into new British regions to offset a tough funding environment in the public sector. Show Comments ▼ whatsapp KCS-content last_img read more

first_img Show Comments ▼ Daniels: UK will make bank profit 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todayautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald KCS-content Wednesday 16 March 2011 9:03 pmcenter_img whatsapp Share More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com THE UK can expect a “handsome return” on its bailout of Royal Bank of Scotland (RBS) and Lloyds, according to Eric Daniels. The former Lloyds boss told the Public Accounts Committee yesterday that taxpayers will more than make back the £66bn they pumped into the pair in 2008 and 2009. A recent slump in banking shares means the UK is currently sitting on a loss of billions on the stake. A sale is unlikely before the Independent Commission publishes its final report in September. RBS boss Stephen Hester also admitted his bank still has too much risk in its business. Tags: NULLlast_img read more

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Spain has sought to reassure investors it is on track to meet its budget targets after its short-term borrowing costs jumped by around half a percentage point at a debt auction.Investors who worry that Spain might be the eurozone’s next crisis economy took some comfort from heavy demand at the sale of €1.97bn (£1.74bn) in treasury bills, prodding the euro higher on the currency market.But the average yield for the three-month bills jumped to 1.371 per cent compared with 0.899 per cent in March, and six-month rates to 1.867 per cent from 1.361 per cent.“Although these yield levels are perhaps still currently more cause for concern rather than outright alarm, there is little scope for further such increases in short-dated funding costs before the market begins to get spooked over the prospect of Spanish contagion,” said Rabobank rate strategist Richard McGuire.Treasury Secretary Carlos Ocana said public deficit figures for the first three months of the year showed Spain was on track to stay within its target ceiling of six per cent of GDP this year, down from 9.2 per cent in 2010.“The deficit target should be met considering the data we have until now,” Ocana said.But speculation that Greece may have to restructure its debt, denied by officials, and talks on the eurozone’s third bailout in a year in Portugal have pushed up Spain’s refinancing costs and fuelled concerns it may be next. Spanish borrowing costs rise further Show Comments ▼ whatsapp More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com alison.lock center_img Share Tuesday 26 April 2011 9:18 am whatsapp Tags: NULLlast_img read more

first_imgFinance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Treasury tipped to benefit from FOBT stake cut 18th September 2018 | By contenteditor New research predicts consumers will simply switch to other gambling products Tags: OTB and Betting Shops Topics: Finance A new report suggests the cut in the maximum stake for FOBTs could lead to a £100m (€112m/$130m) annual boost for the UK Treasury.While it has been estimated that the change could cost the betting industry more than £8bn, research by the Centre for Economic and Business Research (CEBR) suggests a combination of tax increases and consumer habits will benefit government coffers.The study, commissioned by amusement arcade trade group BACTA, estimates that while machine gaming duty receipts would decline by £287m a year, this would be more than offset by almost £420m of other benefits. CEBR cited a potential rise of Remote Gaming Duty to 20% whilst predicting that many gamblers would switch from FOBTs to other products and estimating that some users would divert their money to other, more productive parts of the economy.A spokesman for the Association of British Bookmakers told the Guardian that the research would do little to comfort the gambling industry and those whose jobs may be at risk.He said: “Recent announcements by major operators reveal the true impact of this decision, that thousands of betting shops will close and there will be thousands of job losses. Betting shops are now focused on the future of their staff, customers and suppliers.”UK bookmakers’ share prices tumbled in April when it was revealed that the government was to accept recommendations for a new £2 stake limit. Shares in William Hill fell by 14% just ahead of the announcement, with Paddy Power Betfair and GVC also well down.Chancellor Philip Hammond is expected to reveal the date of the FOBT changes in the budget later this year. There has been criticism of the amount of time it has taken to introduce the cut, although the Treasury has said it wants to give operators time to implement technological changes. At a meeting of a cross-party parliamentary group on FOBTs last week, machine manufacturers told MPs and campaigners that the changes could be made within months.Speaking at the all-party parliamentary group on FOBTs last week, Labour MP Carolyn Harris said: “It is now clear that it is perfectly possible for the games manufactures to implement the £2 stake reduction in the very near future.”A spokesman for the Association of British Bookmakers said: “Recent announcements by major operators reveal the true impact of this decision, that thousands of betting shops will close and there will be thousands of job losses. Betting shops are now focused on the future of their staff, customers and suppliers.”The Department for Digital Culture, Media and Sport, which is overseeing the legislation, has estimated that bookmakers stand to lose up to £540m per year between them once the change takes effect. Regions: UK & Ireland Email Address Subscribe to the iGaming newsletterlast_img read more

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Bingo Subscribe to the iGaming newsletter Bookmaker Betfred will not face any action over a television ad that attracted a consumer complaint after the UK’s Advertising Standards Agency (ASA) ruled that it did not breach its guidelines.The advert in question appeared on UK television on January 20, 2019, showing a woman in the bath, a man preparing a meal and a woman exercising, all while playing online bingo via mobile devices.A voice-over said: “Love to chill in the bath? Make it a thrill and a laugh with Betfred bingo. Forget those two little ducks, soak up the action and win big bucks. You can even join in whilst making the tea with games from as little as just 1p. Play with Betfred bingo and enjoy top promotions such as daily free bingo games, bonus back and more. Put the fun back into house. Kick back and bingo with Betfred”.A single complainant challenged whether the ad was irresponsible as it showed characters gambling while carrying out everyday activities, thus normalising gambling.In its response, Betfred said the ad did not suggest that people should play bingo excessively or that it should take priority over any other social interaction. The bookmaker also said the ad did not promote high-stakes gambling or present any unrealistic positive or negative emotions, which insinuated harm.Betfred also said that there was no suggestion the characters spent an excessive amount of time or money gambling, with the individuals instead shown playing bingo as part of their leisure time alongside other activities.The bookmaker added the characters were not shown as being isolated from family, friends, work or education, adding that the ad promoted the community aspect of bingo by showing chat names for each character and social interaction within the chatroom itself.Clearcast, a non-governmental organisation that pre-approves ads for British television, supported Betfred in its claims, saying that it did not believe gambling in the ad was shown as indispensable to the characters.Considering how the characters were shown gambling while taking part in everyday activities, Clearcast said no one was shown in a situation where they were ignoring family, friends or professional or educational commitments.Clearcast also noted that the three people seen in the ad were shown gambling once and on separate occasions, which ensured the same person was not seen gambling multiple times in different scenarios.In its ruling, the ASA said that the ad clearly showed playing bingo in conjunction with doing those tasks, rather than instead of them, and therefore gambling was therefore not shown as taking priority over those tasks or as indispensable to the characters.The ASA did concede that a scene where a player threw his pizza in the air after he won showed he was briefly distracted from his task, but did not consider that this scene portrayed gambling as taking priority in life.As a result, the ASA concluded the ad “did not portray, condone or encourage gambling behaviour that was socially irresponsible, or portray gambling as indispensable or as taking priority in life”.Betfred will not face any further action or punishment over the advert. Regions: UK & Ireland Topics: Casino & games Legal & compliance Marketing & affiliates Bingo Betfred avoids ASA punishment over TV ad Tags: Mobile Online Gambling 17th April 2019 | By contenteditor Bookmaker Betfred will not face any action over a television ad that attracted a consumer complaint after the UK’s Advertising Standards Agency (ASA) ruled that it did not breach its guidelines. Email Addresslast_img read more

first_img Topics: People Sports betting Strategy Horse racing Subscribe to the iGaming newsletter Horse racing Jockey Club chief executive to stand down Regions: UK & Ireland 2nd May 2019 | By contenteditor Tags: Race Track and Racino The Jockey Club, the largest commercial horse racing organisation in the UK, has revealed that Simon Bazalgette will leave his position as group chief executive by the end of 2019.Bazalgette became the first person to take on the role when he joined the Jockey Club in September 2008, but will now depart in order to transition into a non-executive career.He recently accepted an offer to become an independent non-executive director of the English Football League, the governing body for the three divisions below the Premier League.The organisation’s Board of Stewards, with support from executive search and talent advisor, SRI, will launch a recruitment process to identify a replacement. The Jockey Club said this appointment could come from within its organisation.“When appointed a little over 10 years ago, I agreed to do at least five years before going non-executive, but there’s always been plenty to do and great opportunities that have kept me fully engaged,” Bazalgette.“On the back of our tenth set of record results, and with a great team in place, now seemed the right time to make my transition. I’ll be standing down as group chief executive by the end of the year, but I do hope to stay involved in a non-executive or advisory role.”Roger Weatherby, senior steward of the Jockey Club, added: “Simon Bazalgette has made an outstanding contribution to British Racing as The Jockey Club’s first ever group chief executive.“We are keen that the Jockey Club and racing does not lose the significant knowledge and expertise that Simon has, and so we very much hope that he will continue to be involved in some way into the future.”Last month, the Jockey Club reported a 6.7% year-on-year increase in revenue to £214.6m (€250.0m/$280.0m) for 2018, but warned betting shop closures are likely to impact industry growth in 2019.Over the past decade, under Bazalgette’s leadership, turnover is up 68.2%, driven by growth in admissions, media, hospitality, commercial partnerships, events, training facilities and breeding services.Image: Roger Blake AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Jockey Club, the largest commercial horse racing organisation in the UK, has revealed that Simon Bazalgette will leave his role as group chief executive by the end of 2019. Email Addresslast_img read more

first_imgLegal & compliance Tags: Online Gambling Branschföreningen för Onlinespel (BOS), Sweden’s igaming operator trade association, and industry consulting company H2 Gambling Capital have called on Swedish regulator Spelinspektionen to drop proposals ban certain betting markets, saying the measures would push consumers to unlicensed operators.Both organisations were responding to a consultation on proposals put forward by Spelinspektionen last month. The amendment to Swedish gaming rules would see licensed operators prohibited from offering odds on rule violations such as yellow cards in football or faults in tennis.The regulator believes the measures will help tackle match-fixing by removing any potential reward for athletes that commit certain acts for to fix betting results.However, in its analysis of the proposals, H2 said that if Sweden were to adopt the measures, it could lead to a decline in gross gambling revenue for licensed operators in the country. As the rules would only apply to licensees, H2 said consumers would still be able to place such bets with unregulated operators, which could in turn harm those with a licence.H2 said the rule change would lead to a 7.5% decline in gross gambling revenue for licensed operators, but also a 30% rise in revenue for unlicensed companies as more players turned to unregulated sites to place these bets.“With the proposed product bans, we expect the unlicensed market will grow at a faster rate than the licensed market, leading to continued erosion of the degree of channelling,” H2 said in the report.However, also noted that it would expect the majority of players to continue to gamble with licensed operators, “as long as the majority of major European companies retain their licence”.H2 also noted that any move to ban licensed operators from offering this type of betting would harm sporting integrity, with consumers instead likely to bet with unregulated sites still able to accept such bets. Players seek operators that provide a “one-stop shop” for all forms of gambling, it explained, meaning that certain customers would shift all activity to the sites that could offer this.“By prohibiting the betting products that consumers can bet on from licensed companies, the regulator will not prevent betting in these ‘vulnerable’ areas, but will insteadshift activity to unlicensed companies,” H2 said.Instead, H2 said it believed the optimal solution to ensure the integrity of sport is for licensed companies to work with specialised integrity bodies and monitor all suspected cases of match-fixing; not just with these bets, but all gambling.Meanwhile, BOS also published its own response to the proposals, having last month already outlined its opposition to the plans. However, BOS criticised the regulator for only allowing a four-week period for consultation on the measures, saying more time is required to produce an in-depth analysis.That said, the organisation reiterated its concerns that by bringing certain bets out of the regulated market, authorities would then lose the ability to monitor suspicious betting and to effectively police match-fixing.The BOS noted licensed operators are able to monitor player activity and report any suspicious betting to the regulator as part of their licensing duties. However, unregulated operators, which would be unaffected, are under no obligation to do so and, it said, therefore would make it easier for fixers to use these platforms to place bets.The organisation added that the type of bets covered by the proposals represent a small part of the market, while the events they relate to are a normal part of the sporting events, such as yellow cards in football matches.“Based on an ethical approach, BOS would like to emphasise that there is no basis for prohibiting, for example, which players will receive yellow and red cards and which players will attract penalty kicks,” BOS said in the report.“These events do not violate the idea of sports. On the contrary, events like these are part of what is expected to happen during a regular match.”BOS also urged Spelinspektionen to consider adding a new licensing requirement whereby operators would need to join a monitoring organisation to help them to keep track of match-fixing. The organisation suggested the International Betting Integrity Association as a possible partner body to assist with efforts.Spelinspektionen should also have its own match-fixing department, according to BOS, in order for the regulator to properly tackle such issues and offer advice to its licensees, rather than limit them to what they can offer.Gustaf Hoffstedt, general secretary of BOS, said that the level of uncertainty around the new rules means the regulator should withdraws the proposals.“These companies cooperate with each other and with law enforcement agencies to combat match-fixing,” Hoffstedt said . “If Swedish licensed gaming companies are not allowed to offer and monitor the betting that takes place, the fight against match fixing goes blind.“We simply will not see what is happening out there and any manipulation will pass unnoticed.”The publication of the two reports comes after Svenska Spel also hit out at the proposed measures, arguing that the ban on betting on rule violations still leaves plenty of scope for manipulation. Hofbauer said the measures do not go far enough to protect sports, counteract gambling fraud or enhance consumer protection. Branschföreningen för Onlinespel (BOS), Sweden’s igaming operator trade association, and industry consulting company H2 Gambling Capital have called on Swedish regulator Spelinspektionen to drop proposals ban certain betting markets, saying the measures would push consumers to unlicensed operators. BOS and H2 urges rethink over Swedish match-fixing proposals Regions: Europe Nordics Sweden Topics: Legal & compliance Sports betting 17th February 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Addresslast_img read more

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Mobile OTB and Betting Shops DraftKings launches mobile and retail sports betting in Illinois Sports betting and daily fantasy sports operator DraftKings has announced the launch of its mobile and retail sportsbook platforms in Illinois, via a partnership with local operator Casino Queen. Sports betting and daily fantasy sports operator DraftKings has announced the launch of its mobile and retail sportsbook platforms in Illinois, via a partnership with local operator Casino Queen.The DraftKings at Casino Queen Sportsbook app and the co-branded retail site at the bricks and mortar casino in East St. Louis, will allow registered players in the state to place wagers on a wide range of sports.“Illinois is home to some of the most passionate sports fans and most iconic sports teams in the entire country,” DraftKings co-founder, chairman and chief executive Jason Robins said.“DraftKings’ dedication to innovation and providing customers with a premier sports betting experience has made our app the top-rated option and we can’t wait for fans in Illinois to discover why.”DraftKings at Casino Queen president Terry Downey added: “The marriage of two iconic brands promises to create an unforgettable experience that can only be found at DraftKings at Casino Queen.“Fans will come to love the service, passion and innovation now available in our state.”Read the full story on iGB North America. Sports betting Regions: US Illinois Topics: Sports betting Subscribe to the iGaming newsletter 5th August 2020 | By contenteditor Email Addresslast_img read more