Month: August 2020

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Caribbean leaders to attend G7 Summit in Canada

first_imgThe chairman of the 15-member Caribbean Community (CARICOM) grouping, President Jovenel Moise of Haiti and Jamaica’s Prime Minister Andrew Holness are among world leaders and heads of international organizations invited to attend the G7 Summit that begins in Canada on June 9.A CARICOM Secretariat tweet noted that the two regional leaders are among “world leaders Prime Minister of Canada Justin Trudeau announced he will meet on building resilient coasts and communities.”Resilient coastal communities A statement from the UN Canada Mission noted that the leaders will take part in “a special outreach session focused on healthy oceans and resilient coastal communities, to be held in June 9”.It quoted Trudeau as saying “our oceans and coasts are under considerable threat from increases in plastic pollution, more frequent and severe weather events, and illegal, unreported and unregulated fishing.”During the VIII Summit of the Americas earlier this year, Prime Minister Trudeau held talks with CARICOM leaders inviting them to the G7 summit that consists United States, Canada, France, Germany, Italy, Japan and the United Kingdom. “…for me it was extremely important to bring forward leadership from the Caribbean,” Trudeau, said then following the talks with some regional leaders and foreign ministers.“Over the past decades Canada has always been very close to in working with our Caribbean friends and partners on a broad range of issues,” Trudeau added.The G7 Summit will take place in Charlevoix, Quebec from June 8-9.last_img read more

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CARICOM reiterates support for the sovereignty of Guyana

first_imgGEORGETOWN, Guyana, CMC – The 15-member Caribbean Community (CARICOM) grouping has reiterated “its full support for the sovereignty and territorial integrity” of Guyana after the Venezuelan navy is reported to have intercepted a seismic research vessel in Guyana waters last weekend.Jamaica’s Prime Minister Andrew Holness, who is also the CARICOM chairman, said that the region grouping “views with grave concern the reported interception by the Venezuelan navy on Saturday, 22 December 2018 of a seismic research vessel flagged by the Government of the Commonwealth of The Bahamas, in the Exclusive Economic Zone of the Cooperative Republic of Guyana”He said that “such acts violate the sovereign rights of Guyana under international law, its entitlement to a territorial sea, Exclusive Economic Zone and continental shelf, and pose a threat to Guyana’s economic development and national security.“The Caribbean Community reiterates its full support for the sovereignty and territorial integrity of the Cooperative Republic of Guyana, including its right to peacefully explore and exploit its onshore and offshore resource,” Holness added.Exxon Mobil forced to pause explorationLast Saturday, the US-based oil giant, ExxonMobil said it was forced to pause part of its latest oil exploration activities offshore Guyana in the Stabroek Block following reports of an alleged incursion by the Venezuelan military in Guyana waters.Foreign Affairs Minister Carl Greenidge in a statement said the Guyana government is “seeking to confirm exactly what has happened” and has assured that a more detailed statement would be issued.ExxonMobil has already discovered the equivalent of over five billion barrels of oil offshore Guyana and the company recently announced continuous drilling work in the Stabroek block area, offshore Guyana.In October 2013, the Venezuelan Navy had intercepted a Malaysia-owned seismic vessel, Teknik Perdana that had been gathering seismic data for the Texas-headquartered Anadarko Petroleum.Rule of law must be respectedMeanwhile, Britain’s High Commissioner to Guyana, Greg Quinn told the online publication, Demerara Waves Online News, that the rule of law must be respected and those who have the legitimate permissions to operate and undertake their activities must be allowed the do so”.“The UK (United Kingdom) is clear that the 1899 Arbitral Award settled the border between Guyana and Venezuela. We support the ongoing work of the UN Secretary General,” he added.Guyana has already started the process of taking the border dispute before the International Court of Justice (ICJ) after the mediation efforts of the UN Secretary General failed.last_img read more

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New BVI Premier Andrew Fahie says relationship with UK needs urgent…

first_imgTORTOLA, British Virgin Islands, CMC – Newly elected Premier of the British Virgin Islands (BVI), Andrew Fahie, says the island’s relationship with the United Kingdom “needs some urgent care and attention.“We value our relations with the UK, and we do hope that Westminster values and understand the special circumstances of small island territories as ours; that they are sensitive to our culture, customs and values which have been fashioned by history and geography, and our faith in God,” Fahie said at a special Thanksgiving Service, his first major national address since taking office last week.The BVI, like other Overseas Territories (OTs) are concerned at a recent report by the House of Commons Foreign Affairs Committee that wants all OTs to legitimize same sex marriages.In its 44-page report titled “Global Britain and the British Overseas Territories: Resetting the Relationship,” the Committee is also calling on the British government to urgently address concerns in the OTs about the issue of citizenship by descent and anomalies in the British Nationality Act that have taken too long to resolve.It suggests that London should initiate a consultation with the elected governments of the OTs and work with them to agree a plan to ensure that there is a pathway for all resident UK and British Overseas Territory citizens to be able to vote and hold elected office in territory.In his statement, Premier Fahie said that the BVI is also concerned at the new policies outlined by Britain and European countries regarding the financial sector in the Caribbean. Regional countries have voiced their displeasure at the polices saying that the intention is to damage their thriving financial sectors.Fahie said as far as overseas territories are concerned, “we call for dialog among equals on this issue; not mandates issued by masters over servants.“Our mandate is to protect and expand the livelihood of the people in these British Virgin Islands. Our mandate is to protect our way of life. For democracy to work anywhere – the people’s voice must be heard – and must be respected!”last_img read more

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Actress, Kerry Washington to be Honored at Jamaica’s Independence Gala

first_imgNEW YORK – Emmy and Golden Globe nominated American/Jamaican actress Kerry Washington will be honored with an ‘Artistic Achievement Award’ at Jamaica’s 57th Independence Black Tie Gala, slated for the Hilton Westchester Hotel, Rye, New York on August 10, 2019.Daughter of Jamaican motherBorn in New York City to parents Valerie (Moss) from St. Elizabeth, Jamaica and Earl Washington, from South Carolina.Kerry’s career took flight in 2004 when she appeared as Della Bea Robinson, the wife of musician Ray Charles, in the biopic Ray. She won “Outstanding Actress in a Motion Picture” for Ray at the NAACP Image Awards in 2005.Washington is best known for her portrayal of Olivia Pope in the ABC TV drama ‘Scandal’ – that has earned her several Emmy, Screen Actors Guild (SAG) and Golden Globe nominations – and for her portrayal of lawyer/academic Anita Hill in the 2016 HBO film ‘Confirmation,’ which she executive produced under the banner of her production company Simpson Street.In 2018, Washington starred on Broadway in ‘American Son,’ which has since been shot as a movie and will premiere on Netflix in Fall of 2019. Washington serves as executive producer.She also recently appeared in ABC’s live presentation of ‘The Jeffersons’ as Helen Willis alongside Wanda Sykes, Will Ferrell and Jamie Foxx and is currently in production on ‘Little Fires Everywhere’ for Hulu, which she and Reese Witherspoon both executive produce and star in.“We are extremely proud to honor the talented Kerry Washington at our Jamaica Independence Gala” said event Chairman/Producer Sephron Mair.“Kerry is an outstanding actress and movie director and is the first woman of color to headline a network TV drama since 1974, when she starred in Scandal. In 2013 she was ranked #2 on the 100 Most Beautiful People list by People Magazine” he added.The Black Tie Gala – Jamaica’s marquee Independence celebration in New York – is being held under the distinguish patronage of the Minister of Tourism, the Hon Edmund Bartlett, who will bring greeting on behalf of Jamaica.Also in attendance and acting as ‘Brand Ambassador’ will be the Hon Lisa Hanna, MP and 1993 Miss World winner.The Keynote Address will be delivered by United States Federal Judge, the Hon. Norman Hemming. The event will be attended by over 1,000 celebrants under the theme ‘Celebrating Brand Jamaica.’Part proceeds from the Gala will be donated to Food for the Poor, Jamaica (FFP), the largest charity organization in Jamaica and Food For The Poor Inc., located in Florida, the largest international relief and development organization in the United States.last_img read more

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Everton Agree £45m Transfer Fee For Swansea’s Sigurdsson

first_imgMore to follow shortly…Related Everton has agreed to sign Swansea City Midfielder, Gylfi Sigurdsson for a fee believed to be worth £45m.The 27-year-old Iceland international will undergo medicals at Everton tomorrow.last_img

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Perform adds professional betting commentary to it’s live streaming portfolio

first_img Unibet backs #GoRacingGreen as lead racing charity  July 28, 2020 StumbleUpon Following last month’s launch of custom betting commentary with Unibet, Perform has partnered with ICS, to offer professional betting commentary through its custom betting commentary product.As part of the partnership, the  commentary will be available on any match, in any language in Perform’s live streaming portfolio.Custom betting commentary allows clients to deliver personalised messages, betting trends and insight to customers watching live streamed sport on their platform in real-time.The commentaries can be added from anywhere in the world, as the service requires only an internet connection and is delivered through a simple online user interface.The deal with ICS allows bookmakers, who may not currently have the resources to deliver the commentary themselves, to deliver bespoke commentary content to its audiences.John Harlow, SVP Betting said: “We are delighted to have partnered with ICS. Our clients have been really excited about being able to communicate with their customers, using OPTA statistics married up to their own messaging and markets to enhance the in-play betting experience.”Ian Holding, founding director of ICS, said: “The opportunity for bookmakers to now broadcast their own bespoke commentary service as part of this new streaming solution is a hugely exciting one. “Perform are industry leaders in providing live streams as part of the successful Watch&Bet service, whilst ICS employ a large team of specialist broadcasters who properly understand live betting.” Share Share Spotlight delivers Racing Post translated services for Pari-Engineering Russia August 26, 2020 Kindred marks fastest route to ‘normal trading’ as it delivers H1 growth July 24, 2020 Related Articles Submitlast_img read more

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GVC set for £4bn Ladbrokes Coral takeover

first_img Related Articles GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 Share Share FTSE online gambling group GVC Holdings has today detailed its proposed bid for bookmaker Ladbrokes Coral Plc, putting forward a takeover deal that could be worth up to £4 billion, creating a new multi-channel, multi-market gambling group.Bringing clarity to its initial bid (first announced 7 December), GVC’s proposition values Ladbrokes Coral at 160.9p per share, equating to approximately £3.2 billion.However, deal stakeholders have attached a ‘contingency entitlement’ of an additional 42p per share, should Ladbrokes Coral gain a favourable UK government judgement on FOBTs wagering levels, increasing GVC’s takeover deal to £4 billion.Under the terms of the deal GVC Holdings who operate bwin, Sportingbet and Party Gaming brands would own 53.5% of the proposed combined group. Based on £4 billion deal outcome at 207.2p per Ladbrokes Coral Share, GVC’s offer represents an investor premium of approximately 19%.UK betting stakeholders, eagerly await the Department for Culture, Media and Sport (DCMS) industry review on FOBTs machine wagering and advertising standards.  In its review, the department has stated that a cap on machine stake wagering will be implemented, with a cut from the current £100 maximum to between £2 and £50 outlined.In its accepted proposition, GVC governance puts forward that an enlarged enterprise combination would create ‘a fast-growing, diversified, international online and retail sports betting led gaming group.’ Kenneth Alexander, CEO of GVC, said: “The creation of one of the world’s largest listed sports betting companies, combining a portfolio of established brands, proven technology and leading market positions in multiple geographies, is a truly exciting prospect.“In a dynamically evolving industry, the transaction creates an Enlarged Group with the scale, diversity, proprietary technology and management expertise to pursue many opportunities globally.“GVC has a proven track record of creating shareholder value through the successful integration of acquired businesses and the GVC Board believe this transaction will create further value for our shareholders and those of Ladbrokes Coral.”In its previous deal announcements, GVC governance has put forward Kenneth Alexander as designated CEO of the enlarged FTSE gambling group.Should the takeover bid be approved by Ladbrokes Coral investors, deal stakeholders believe that the enlarged enterprise can deliver £100 million per year in cost savings.John Kelly, Chairman of Ladbrokes Coral, added: “In its relatively short time as a merged entity, Ladbrokes Coral has demonstrated why scale can be so effective in this market. “The management team have delivered a very successful merger that has created a leading betting and gaming business built on strong brands well positioned in key markets. “We have a leading multi-channel offer that utilises our retail and online businesses and offers us a promising future.“Notwithstanding that, the Ladbrokes Coral Board believes that the proposed combination with GVC accelerates our strategy to improve the customer experience, drive faster online growth and build a more diverse and extensive international portfolio of businesses.“The Acquisition has compelling strategic rationale allied to an opportunity to use the best of both from proven management teams and will create material shareholder value. It secures earlier delivery of our long-term value potential, which is why the Board of Ladbrokes Coral has unanimously recommended GVC’s offer.”At present, both operators are undertaking strategic realignments following corporate enlargements in 2016; Ladbrokes combining with Gala Coral UK and GVC Holdings acquiring Entertainment assets.Moving forward, Ladbrokes Coral investors will now vote on whether to approve the takeover of the business by the smaller GVC Holdings. Labelled by industry analysts as a ‘bold and ambitious bid’ proposed by GVC governance, will Ladbrokes Coral investors be convinced of a further corporate merger in 2018? Submit GVC hires ‘comms pro’ Tessa Curtis to re-energise media profile  August 25, 2020 Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020 StumbleUponlast_img read more

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Betway: Nations League not the stage to end Three Lions hurt

first_imgShare Share Vbet sponsors AS Monaco as Ligue 1 kicks off new season August 24, 2020 Related Articles Submit StumbleUpon MoneyMatrix boosts wire transfer options by integrating Klarna’s Sofort August 24, 2020 FDJ’s ParionsSport launches sponsorship programme for French amateur football August 24, 2020 Aimed at bringing an end to mundane international friendlies, the draw for the inaugural UEFA Nations League was made this week, with England being pitted in a group alongside Croatia and Spain.However for England fans hoping that the tournament will bring long-awaited international success to the country, the odds suggest they may want to look away now. Commenting on whether the tournament could provide England with an opportunity to end the baron run without winning an international competition, Betway’s Alan Alger told SBC: “Sadly for England supporters, over half a century of hurt doesn’t look like being ended by winning the inaugural Nations League. England are joint-fifth in the outright betting at 10/1, with Spain, Germany, Belgium and France all shorter in the betting.“The big problem for England is that they will have to overcome 3/1 pre-tournament favourites Spain in the group. Also, we’ve got to consider to what extent Gareth Southgate, or whoever may be in charge at this point, will put emphasis on fielding his best eleven.“Spain are expected to top the group and progress to the knockout stages at 8/13, while the Three Lions are as big as 9/4 to progress. A second place finish in the group would mean England’s inaugural appearance at the Nations League would be cut short.”Detailing which nations he predicts will be in the running to win the debut version of the tournament, Alger continued: “Spain head the betting at 3/1 and have to be feared having not lost since being dumped out of the 2016 European Championships by Italy. Germany are clear second-favourites at 9/2, with France and Belgium the other fancied sides at 5/1. We feel it will be between those three, with a big jump in the betting to 10/1-shots England and Italy after that.”Nonetheless, whilst the tournament may not be positive for England, it may well increase betting interest in international breaks: “The potential for big clashes, starting with England and Spain and then other games during the group stages like Germany versus France could definitely heighten betting interest.One-sided qualifiers tend not to be so inviting for punters, so the way the Nations League is set out, pitting big countries against each other from the off, will hopefully make for some good betting, as well as viewing spectacles.”last_img read more

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Cost effective bet-at-home maintains positive earnings momentum despite revenue & wagers downturn

first_img bet-at-home maintains 2020 outlook despite dire opening  May 4, 2020 Share Static bet-at-home performance outdone by tax settlement charges  March 9, 2020 StumbleUpon Share Related Articles Publishing its Q1 trading update (period ending 31 March), Frankfurt Xetra-listed online bookmaker bet-at-home AG, details an earnings effective trading period despite a decrease recorded in corporate wagers and revenues.Updating the market, bet-at-home reports an 11% decline in gross betting and gaming revenues to €33 million (Q1 2017: €37 million).The bookmaker notes a period decline in wagers to the €733 million mark (Q1 2017: €840 million), as bet-at-home continues to be impacted by Polish market restrictions on foreign operators.Adjusting to tougher regulatory conditions, bet-at-home governance continues to make progress on its cost reductions program.The Frankfurt enterprise reports that it was able to halve marketing costs to €7.7 million during the period (Q1 2017: €14.9 million). As well as reducing its operating expenses to €4.9 million (Q1 2017: €5.6 million).The effective reductions would see bet-at-home governance declare a period corporate EBITDA of EUR 9.3 million (Q1 2017: EUR 5.0 million).Closing its Q1 2018 update, bet-at-home governance informs its stakeholders that it is confident of the firm’s outlook, targeting full-year 2018 revenues of €150 million combined with group EBITDA of in between €36-40 million range.Entering a crucial summer trading period, will expand its marketing initiatives for the FIFA World Cup Russia 2018 during June and July. Scandal underlines OVWG calls for end of gambling monopoly November 22, 2019 Submitlast_img read more

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The great PASPA repeal: America braces itself for the biggest Brit invasion since the 1960s

first_img StumbleUpon Richard Thorp, Business Development Director at FSB, unpacks how US operators can stave off the transatlantic assault of Britain’s best bookmakers if they choose their suppliers wisely for sports betting’s grandest repeal.When Oscar Wilde wrote that Britain and the United States were two countries separated by a common language, he probably didn’t envisage sports betting getting in the way too. Yet with the likely repeal of PASPA by the Supreme Court in the coming weeks, America is bracing itself for the biggest Brit invasion since the 1960’s. Only this time, it’s the bookies, not the Beatles.However, if the U.S. betting ban is seen as unconstitutional and overturned in the defining case of New Jersey versus PASPA, it won’t be as easy as some beefy British bullies turning up in a new playground to plunder the lunch money of various unsuspecting US companies. That said, the Beatles cracked America with the single “I Want to Hold Your Hand”, and it could be a similar strategy of companionship which leads to the expertise of various UK firms being recruited by stateside outfits. The Stars Group, of course, has just bought Sky Bet for a jaw-dropping $4.7 billion, while SG Digital acquired leading sportsbook platform provider OpenBet last year. So, the hand-holding partnerships are as obvious as they are potentially diverse for both operators and suppliers.Some UK operators already have their boots on the ground for Uncle Sam, though. Paddy Power Betfair (in 2009) and William Hill (in 2012) respectively used horse racing and sportsbook acquisition to sow the seeds to a solid base from Nevada to New Jersey. Racetracks (for example, Monmouth Park in New Jersey) could be quickly converted into sportsbook sites when reform comes, and the received wisdom is that Hills’ and PPB’s ascension to the throne will be facilitated as a result. However, with so much state-by-state uncertainty remaining, the best their foundations and existing relationships afford them is a helpful head-start on the field. U.S. companies, however, could conceivably supersede and surpass those gains with their native infrastructures and business relationships, naturally allied to the right betting partner.Essentially, the U.S. remains a greenfield land of opportunity where everyone will have to make it up as they go along to some significant degree. Giants such as Wynn Resorts and their Las Vegas titan-hood will demand their slice of the action and won’t take kindly to the advance of European cowboys, who must guard against complacency lest they be exposed as all product and no distribution. After all, stateside self-interest and inevitable protectionism won’t happily hand over the keys to their untapped gambling kingdom, and legislators are always likely to favour domestic operators (via their recognised casino and racecourse gateways) over transatlantic marauders. Which brings us back to that spirit of cooperation whereby protagonists like Wynn should seek to hire the expertise of established professionals, rather than waste valuable time fumbling around in the sports-betting darkness for their own solution. In a market potentially valued in excess of $10 billion, and around 20 states already on the record for legalising gambling, it’s well worth asking for the dance. Arguably, this should actually favour an influx of suppliers over operators because the winners of this American talent pageant will be chosen for their brains, not their corporate aesthetics.To which end, FSB’s leading sportsbook platform has already partnered with Sport Analytics and Data Corp to power, an easy-access take on Daily Fantasy Sports, across New Jersey. FastPick is a bespoke product for Resorts Digital Gaming, for whom FSB created the underlying sportsbook structure, making them the first U.S. casino to formally offer a fantasy sports-style game. And because casinos are likely the first port of call from which lawmakers will sanction sportsbook expansion, this association is key. Indeed, when it comes to migrating a sophisticated casino clientele over to sports betting, FSB are well versed – having already rolled out a first EPOS system for Manila’s flagship Okada Casino Resort, featuring self-service betting terminals and hand-held devices. These land-based solutions now complement our existing online ones (with the likes of Genting Group) where FSB’s pioneering tech is ably backed up by Paddy Power Betfair’s trading team.Designing the user experience to meet the rising demands of mobile and live betting, as well as aggregating the industry’s best data-feeds, will be central to any supplier remaining positively delineated from the crowd. U.S. operators hold the front-end and distribution model through the aforementioned casino, poker room and racetrack sites. It’s up to suppliers to bring the most adaptable back-end engine to drive that front-end – and multiple white-label skins will be up for grabs if that flexibility of tech and smart APIs (i.e. tailoring the platform organically to the brand, not merely bolting on a cover) is there.Consequently, chief amongst our concerns is ensuring that our next-generation architecture complies with the full suite of U.S. platform regulations, which will in turn allow us the steal a march on those lazily tying up with existing New Jersey platforms, whose infrastructures date by to the turn of the millennium. Right from the outset, FSB took the decision to only ever operate in regulated markets – leaving the black markets to our competitors. However, we were safe in the knowledge that fostering a reputation as a trusted provider for our partners and regulators would ultimately afford us the opportunity to jump to the front of the queue whenever stringent compliance and integrity tests came knocking. And upcoming U.S. regulation, of course, will present the sternest test so far. So, if U.S. operators want to beat back the Brits, it’s imperative that they move quickly and choose their suppliers wisely. The post-PASPA scene which US legislators set still has many unanswered questions – for one, will the advertising of gambling be permitted. Therefore, in a landscape of irresistible forces and immovable objects, it could prove a stop-start process. Adaptability and patience should be your watchwords. When you want to work fast, think slow. Share Submit Sharelast_img read more

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