Robert Walters’ profits up as it reopens in Japan

first_img KCS-content 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Robert Walters’ profits up as it reopens in Japan Share whatsapp whatsappcenter_img Wednesday 6 April 2011 7:33 pm 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 TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald RECRUITMENT firm Robert Walters yesterday said its first-quarter net fees rose 23 per cent, helped by a strong performance in Europe and Asia Pacific, and the company said its Japanese business was now operational.However, the company said it may be some time before the market fully recovers in earthquake-hit Japan.Robert Walters, which specialises in placing people in accountancy, engineering and IT, posted net fee income, or gross profit, of £40.1m, up from £32.6m a year earlier.Gross profit from the Asia-Pacific region rose 29 per cent, while Europe posted a 32 per cent increase.“We continue to pursue our strategy of international expansion and diversification, having chosen Brazil, China and Germany as new markets providing strong opportunities for growth,” said chief executive Robert Walters, who established the firm in 1985. Show Comments ▼ Tags: NULLlast_img read more


first_img whatsapp KCS-content More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel 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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.comAstounding Fossil Discovery in California After Man Looks TONY Blair and Gordon Brown have been snubbed from the Royal Wedding – as has Brown’s former spin doctor Simon Lewis, despite his previous incarnation as the first head of communications for the Queen between 1998 and 2000.Lewis, who is now the chief executive of the Association for Financial Markets in Europe, will still take centre stage though. From 8am, he will be setting up camp in ITN’s studio in Green Park to provide live commentary throughout the day as part of a panel chaired by Philip Schofield.The PR heavyweight, the older brother of former Daily Telegraph editor Will Lewis, will no doubt give ITN’s viewers the inside track on those City guests fortunate enough to have received an invitation.They include Simon Johnson, the chief operating officer of England 2018, who worked closely with Prince William on the doomed World Cup bid; Sir John Madjeski, chairman of Reading football club; and Canadian retail billionaire and philanthropist Galen Weston and his wife Hilary, said to be friends of the royal family.However, elsewhere in the City, there are rumblings of Republican discontent. The chief executive of a leading stockbroker, who refused to be named – “I want to keep my head, not get it chopped off” – said: “Of the list of things I am bothered about, this one bothers me not at all.“Why couldn’t William and Kate get married on a Saturday like everyone else, so small businesses up and down the country don’t have to lose a day’s trading?”WORKING WEEKENDMEANWHILE, scores of City workers will flee the capital tonight to avoid the wedding madness – just as long as they are not recalled to the office to work the Bank Holiday weekend.This practice is rife at Goldman Sachs in the US, says author William Cohan, whose new book Money and Power claims a group of young recruits were summoned to a partner’s office for a meeting at 5pm the Friday before the Memorial Day weekend, kept waiting until 10pm, and then ordered to cancel their weekend plans to work on client business.Goldmans’ UK operation refused to comment on the accuracy of Cohan’s claims. But the reality is that not even meeting your girlfriend’s parents for the first time can exempt you from the dreaded summons – just ask the banker at Evercore Partners who was ordered back to London on a Saturday even though he was already half-way to lunch in Kent with his prospective in-laws when he took the call.ANDEAN ADVENTUREIMAGINE a motorbike. Then imagine a smaller one, cut it in half, stick an uncomfortable old sofa on the back and you have a mototaxi (pictured above) – the vehicle that Avi Bagchi and Moira Eyres from Schroders and ex-Morgan Stanley banker Adam Fenton are driving the length of Peru in aid of Practical Action.The team will set off from the UK tomorrow – follow their progress at as they contend with drug barons, tribal wars and some of the least hospitable terrain on earth in their bid to reach the Ecuadorian border within two weeks.TAIT LOSES THE PLOTTHE LATEST dispatch from David Tait, the global head of macro directional trading at UBS who is midway through an oxygenless ascent of Everest (below), announces that he set off from Base Camp at 3am this morning to negotiate the Khumbu ice-fall before moving up to 6,200 metres.From now on, however, no-one will know where Tait is, because he has permanently switched off the GPS transmitter that plots his location, after the device malfunctioned and started flashing SOS, triggering a flurry of emails to expedition leaders.Tait said: “It was only by chance that fleets of rescue-type helicopters weren’t scrambled erroneously, presenting me with a quantitative easing type of invoice.” Wednesday 27 April 2011 8:30 pm QUEEN’S FORMER SPINNER TAKES CENTRE STAGE AT ROYAL WEDDING center_img Show Comments ▼ Tags: NULL Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsThis game will keep you up all night!Hero WarsTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsGundry MD Total Restore SupplementWhat Rice Does to the Human BodyGundry MD Total Restore SupplementSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm Oraclemoneywise.comKirkland Products That Are Actually Big Brands In Disguisemoneywise.comLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthiCanAnswerThat.comThe New Volkswagen Atlas Is The Car Of Your Dreams.iCanAnswerThat.comlast_img read more

Affinity confirms Tropicana’s Rodio as new CEO

first_img Affinity confirms Tropicana’s Rodio as new CEO Subscribe to the iGaming newsletter 16th October 2018 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Former Tropicana Entertainment CEO Anthony Rodio has been named as the new CEO of casino gaming company Affinity Gaming. Rodio will now join Z Capital-owned Affinity, which operates 11 casinos in four US states, after leading Tropicana since 2011. The appointment comes just days after the completion of Tropicana’s $1.85bn acquisition by Eldorado Resorts.  During his time at Tropicana, Rodio helped drive net revenue up by more than 50% through operational improvements and expansion into regional markets. He also oversaw major capital projects such as the $200m (£151.6m/€172.5m) renovation of Tropicana Atlantic City in New Jersey. “It’s an honour to join the Affinity team and I am pleased to have the opportunity to work alongside Z Capital, an experienced and proven investor in the gaming industry,” Rodio said. “I look forward to leading Affinity in its next phase of growth and I am excited to partner with our management team and general managers to enhance the experience for our valued customers.” James Zenni, chairman of the Affinity board of directors and chief executive of Z Capital Partners, added: “Tony is one of the top executives in the gaming industry and I’m confident that he is the right person to drive Affinity’s continued growth and enhanced commitment to the player experience.” Affinity operates as part of Z Capital after it was acquired by the investment firm in early 2017. Z Capital previously owned part of the business but opted to push ahead with a $580m deal to take 100% of the shareholding in the company.Affinity owns and runs a total of 11 casinos across Nevada, Colorado, Missouri and Iowa. Its property portfolio includes Whiskey Pete’s (pictured), Silver Sevens, Buffalo Bills, Primm Valley and Rail City, all of which are located in Nevada.Image: David Ball Topics: Casino & games People Strategycenter_img Z Capital-owned Affinity run casinos in four states, including Nevada Regions: US Casino & games Email Addresslast_img read more

Three sports betting bills filed in Massachusetts

first_img Regions: US Massachusetts Legal & compliance Three sports betting bills filed in Massachusetts AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Massachusetts took three steps towards legalised sports betting in some form, after a trio of bills were introduced by lawmakers on Wednesday.Separate documents that proposed legalising online and retail betting, allowing only existing casinos to offer betting and the commissioning of a gaming impact study were filed ahead of Friday’s deadline for the 2019 session.The most ambitious and detailed is SD 903 put forward by Sen Brendan Crighton, which would legalise both retail and mobile operations in Massachusetts. The state has a population of 6.9m, and is home to major sports teams such as the New England Patriots and Boston Red Sox, as well as daily fantasy giant DraftKings.SD 903 would see sports betting gross revenue taxed at 12.5%, with operators charged an initial fee of $500,000 followed by a $100,000 annual renewal fee. Like New Jersey, licensees would need to be based at in-state establishments.Crighton’s plan includes a ‘bad actor’ clause, with no licence granted to any operator that is currently or previously has been partnered with business involved in any type of illegal offshore betting. It also features rules on advertising, integrity requirements and potential fines for violations of the law.Sen James Welch’s SD 882 is less detailed but outlines plans to enable Massachusetts casinos to begin sports betting operations.The bill includes a 6.75% tax on sports betting revenue for both Category 1 and Category 2 licensees. Category 1 licensees are the state’s largest casinos, with Category 2 establishments having no table games and fewer than 1,250 slot machines.Finally, Sen Bruce Tarr’s SD 908 would not legalise sports betting but would establish an 11-person commission to consider the impact of legal sports betting in Massachusetts.The commission would conduct a comprehensive review of sports betting, including economic development, consumer protection, taxation, and legal and regulatory structures. A report would be filed within 180 days of the passage of Tarr’s act.All three bills are yet to be assigned to a Senate committee to be examined further.Legal sports betting in the state could generate annual gross gaming revenue (GGR) of $408.6m according to figures published by the Massachusetts Gaming Commission early last year.The White Paper on Sports Betting said this was a figure based on both retail and online betting being allowed. The lowest projection, which would see betting only allowed within casinos, would generate GGR of just €127.4m.Last year a bill filed by Sen Eileen Donoghue designed to regulate online gaming, daily fantasy sports and sports betting failed to progress.center_img 17th January 2019 | By contenteditor Topics: Legal & compliance Sports betting Bills that could see online and retail sports betting introduced in Massachusetts have been introduced ahead of Friday’s deadline for proposals to be discussed in the 2019 legislative session. Email Addresslast_img read more

Affiliate Monitor – August 2019

first_img2nd September 2019 | By Stephen Carter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Affiliate Monitor – August 2019 Welcome to iGB’s new Affiliate Monitor, a quarterly companion to our popular Market Monitor.With the main agents of the recent consolidation drive having followed the trail blazed by XLMedia to the public markets, visibility of metrics such as NDCs and the percentage of revenue gained via rev share deals has enabled a more detailed view of how the top end of the market is performing.Generating a larger share of revenues from rev share as opposed to CPA clearly increases the ability of these businesses not only to plan but to grow revenues in a long-term sustainable manner, and the comparative analysis in Part 1 exposes clear differences between the leading listed players.This Q1 review also falls within what feels like a defining period in the affiliate sector’s development, with stakeholders dipping their toes in the US market where the sports betting expansion looms large across the wider igaming space.The quarter also saw the transition from to regulation in Sweden, a highly material market for several of these businesses.While understandably bullish in the face of a bumpy transition into a heavily restricted bonusing environment, author Scott Longley is not convinced by the affiliates’ arguments that regulated markets such as these are “less risky” and “better structured for growth”, seeing these as more credible coming from the mouths of operators.“It is hard to see why the bigger affiliates need to follow the regulated mantra of the operators other than as a sop to potentially nervous investors in Sweden, where most of the entities are listed”, he says.The big listed players are of course only one part of the story. In addition to other big names being privately held – such as Oddschecker, the Racing Post and Cherry’s Fortune Lounge – substantial traffic and revenues are still driven by the long tail of affiliates working below the listed level.For many of these, the benefits of working in regulated markets are still “somewhat oversold” (see Part 3).We hope you enjoy this new report and find it useful. Should you have any suggestions or feedback please don’t hesitate to email me at [email protected] Carter Editorial director, iGaming BusinessIf you can’t use the flash player below you can download the report here. The first edition of our new quarterly report drills down into the numbers of the big listed affiliates, M&A and the impact of regulation in Sweden and Italy Email Addresscenter_img Tags: Mobile Online Gambling Topics: Casino & games Lottery Marketing & affiliates Sports betting Casino & games Subscribe to the iGaming newsletterlast_img read more

Forschungsstelle Glücksspiel: Legalise casino, tax offshore operators

first_imgCasino & games Tags: Online Gambling Forschungsstelle Glücksspiel: Legalise casino, tax offshore operators 15th November 2019 | By Daniel O’Boyle The Gambling Research Centre (Forschungsstelle Glücksspiel) at the University of Hohenheim in Stuttgart has issued a series of recommendations to update German gambling laws, including imposing taxes on unlicensed operators, and legalising, but strictly controlling, online casino games. Subscribe to the iGaming newsletter Topics: Casino & games Legal & compliance The Gambling Research Centre (Forschungsstelle Glücksspiel) at the University of Hohenheim in Stuttgart has issued a series of recommendations to update German gambling laws, including imposing taxes on unlicensed operators, and legalising, but strictly controlling, online casino games.The Centre’s position paper, released ahead of a meeting of state lawmakers in December, also called for a new, federal regulatory authority to be established.“There is agreement that the enforcement against illegal providers on the Internet needs to be strengthened,” the Centre said.It pointed out that offshore operators were currently able to bypass any gross revenue or turnover taxes imposed on licensed operators, or only a sales tax on revenue. By ensuring that all gaming businesses, whether licensed or not, were required to pay tax, the illegal operators would lose a key advantage over the regulated market.The Centre highlighted the fact that land-based casinos generated gross gaming revenue of €607m in 2017, and paid €319m in casino and sales taxes. The illegal online market, on the other hand, is estimated to have generated total GGR of €1.76bn that same year, but only paid value added tax of €334m. Had they been subject to the same taxes as their land-based counterparts, these operators would have been liable for €915m in taxes.Furthermore, it noted, illegal land-based gambling is currently a criminal offence in Germany, but the Criminal Code does not cover illegal online gambling. As such, the Code should be reworded to ensure that foreign operators offering their services online would be included, it said.The Centre added that legalising and regulating online casino would be a boost to the country, as the games are already commonplace but currently unregulated. The report said that player protection measures such as a self-exclusion list, feedback on gaming behavior and spending limits would help improve the status of online casino.“Currently, the offer of online casino games on the Internet is largely illegal, but still takes place. It can be assumed that some states will continue to allow online casino games or will do so in the future,” it explained. “Also, for player protection reasons, a regulated market is preferable to a non-regulated market.”However, it also recommended a complete ban on casino advertising, and said that poker should remain illegal, due to the risk of fraud and manipulation.Finally, a regulatory body established as an incorporated public instution, with the power to issue statutory ordinances, would ensure operators, lawmakers and suppliers could “to obtain legal certainty as soon as possible in disputes”.The recommendations are for a future regulatory framework to replace the third amended State Treaty, which which was ratified earlier this year but will serve only as a placeholder until June 30, 2021, when a longer-term model is to be brought into law.Under the new treaty, licence applications will be processed from January 2020. However, operators will be restricted to offering online sports betting, with no in-play, a €1,000 monthly spending limit imposed on players, as well as a 5% tax on turnver.In addition to the research centre, the Deutsche Automatenwirtschaft (DAW) slot association and the German Sports Betting Association (DSWV) have offered their own suggestions for the new framework.The DAW argued that should be permitted to offer multiple game verticals, and that updated regulations should maintain the state lottery monopoly on draw-based games. The DSWV, meanwhile, called for a root-and-branch overhaul of the current framework with a significantly expanded market, arguing that evidence suggests that there are no grounds to suggest that online gaming is any more dangerous than other forms of gambling. Regions: Europe Central and Eastern Europe Germany AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Optimizer Invest-backed Megalotto goes live

first_img Optimizer Invest-backed Megalotto goes live Email Address Tags: Online Gambling Topics: Lottery Tech & innovation Megalotto, a lottery betting start-up backed by venture capital fund Optimizer Invest, has launched in a number of markets after it secured relevant licences from the Malta Gaming Authority.The brand’s mobile-first lottery and gaming product is now live on the Gaming Innovation Group platform, under a deal agreed between the two parties signed in January 2019.The Megalotto platform allows users to play lotteries from around the world, as well as access a range of scratchcards, instant win games and slots content from various third-party providers.“Our vision from day one has been to design and build an innovative and disruptive lottery product, and we believe we are on track to do just that,” said Grant Williams, the former online managing director at William Hill who was appointed as chief executive of Megalotto last March.“We have recruited a high quality, experienced management team to lead the launch of this new Optimizer Invest-backed product, matching the ambitious plans we have in place for the markets we will be targeting.” Optimizer Invest chief executive Petter Moldenius added: “The innovative Megalotto product is the result of a successful partnership between two of our portfolio companies, bringing a world class, truly customer friendly experience.“Megalotto will give millions of players access to lotteries on a global scale in a mobile-first environment that is pushing the envelope for innovation of iGaming experiences on-the-go.” Subscribe to the iGaming newslettercenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Lottery 25th February 2020 | By contenteditor Megalotto, a lottery betting start-up backed by venture capital fund Optimizer Invest, has launched in a number of markets after it secured relevant licences from the Malta Gaming Authority.last_img read more

HBLB to open racecourse loan applications from 1 September

first_img The Horserace Betting Levy Board (HBLB) will accept applications for loans, intended to be used as emergency support to the British horseracing industry to help it to manage the novel coronavirus (Covid-19) pandemic, from 1 September.This new window of applications is the second opened by the HBLB – which is responsible for collecting and administering the British horse racing levy to support the racing industry – in 2020.The board said in April that it intends to contribute £3.75m of funding towards racecourses, with the Racing Foundation – which oversees the distribution of funds to charitable causes in racing – offering the same amount itself as the two bodies combined to offer more than £22m to the racing industry.Individual racecourses may apply for working capital loans for a maximum of £200,000, while racecourse groups may apply for loans for up to £1m. In addition, racecourses may apply for loans to support a new project, which have no limit but may not exceed 75% of the cost of the project itself.While the HBLB has not put a cap on the amount that can be handed out in total, it noted that previous funding applications had seen sums in the “low single millions of pounds” awarded.All loans will carry a 4% interest rate with a four-year repayment plan and the applications must be made between 1 September and 30 September. The Board will then make decisions on whether to grant these loans in October and November, with an intention to issue the funds in December.Loan applications for more than £200,000 will require “external due diligence by the Levy Board’s professional advisers” as well as an arrangement fee of 1.5% of the total loan value. The Board may also request security against a loan. Regions: UK & Ireland The Horserace Betting Levy Board (HBLB) will accept applications for loans, intended to be used as emergency support to the British horseracing industry to help it to manage the novel coronavirus (Covid-19) pandemic, from 1 September. Email Address HBLB to open racecourse loan applications from 1 September 10th August 2020 | By Daniel O’Boyle Finance Tags: Race Track and Racino AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Topics: Finance Sports betting Horse racinglast_img read more

Multiple brands the key to keeping it fresh

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting Companies: Soft2bet Topics: Casino & games Sports betting Soft2Bet’s Uri Poliavich says operators looking to diversify should consider adding extra brands to their portfolio if they want to succeed in today’s competitive marketplace.Thanks to the wave of mergers and acquisitions that have taken place in the igaming industry over recent years, there’s been a significant shift towards multi-brand operations.Most analysts expect the trend for consolidation to continue or even accelerate, particularly given the problems caused by the novel coronavirus (Covid-19) pandemic.But even for those operators that aren’t looking to get involved in the industry’s consolidation, there’s a strong rationale for simply growing their own brand portfolio to incorporate multiple brands.As Uri Poliavich, co-founder and chief business development officer at Soft2Bet, says: “Multi-brand operations are a big trend now and this trend continues to gather pace. If you have only one brand, it can take years to reach your desired numbers. With more brands you can monetise the same traffic more than once.”He adds that it’s also a good way to keep player interest high. “It’s important to remember that we are a part of the entertainment business and just as watching the same movie five times could be a bit boring, players may tire of a single gaming brand.” Limitations laid bareThe challenges of single brands have been particularly pronounced during the pandemic, he adds. “This year single-brand sports operators suffered a lot in Q2 because they didn’t have any plan B for providing clients with any other content instead of cancelled sports events.“Single-brand casino operators also suffered as they didn’t have enough exposure and had to invest even more in order to get some marketing space.”While some operators may have adapted by adding to the products they offer under their existing brands, Poliavich says adding additional brands as well as new verticals can sometimes produce better results.This is a strategy Soft2Bet has adopted in its own B2C arm with much success. Prior to expanding into the B2B market, after launching in 2016 the casino and sportsbook group spent its early years developing a number of distinct brands. Today these have grown to number more than 15.This diversification strategy has allowed the company to tailor its brands so that it is able to meet the demands of different types of players.“Each of our brands is targeted and customised for different geos, age groups, genders and interests. For example, Wazamba targets Western European markets, Frumzi targets Nordic markets and Rabona is customised for West European and Nordic markets,” explains Poliavich. The targeted approachInterestingly, some of its brands have even been set up with payments as the unique selling point. Frumzi, for example, was designed to tap into the Nordic popularity of Pay N Play (in this case Trustly) casinos, where players do not need to register.Poliavich says this all forms part of what he sees as the need to, “offer something unique to the audience and not just another generic casino or sportsbook template”.He adds that there are a number of variables operators should consider when contemplating a new brand. “The key elements that you should pay attention to are geos and the respective localisation, payment solutions, anti-fraud and AML tools, responsible gambling and customer support.”The tailored approach to new markets is something that has also been implemented in the company’s B2B offering. Its most recent B2B launch, Irokobet, came about as a result of a client request for a brand that appealed to both African players and those in New Zealand.Such a venture requires developing an in-depth understanding of the needs of specific markets, which Poliavich says is best achieved via undertaking a lot of market research and analysis during the early stages of design. The technique of product marketing prior to launch is also a vital part of the process.Without such a high level of preparation it may prove difficult for operators to make an impact, especially if they are moving into one of the many saturated gaming markets, he adds. “The igaming market is overloaded with decent competitors and the audience is limited.“The market wants fresh, gamified, unique, modern brands and you need to provide this in order to be competitive.” Soft2Bet’s Uri Poliavich says operators looking to diversify should consider adding extra brands to their portfolio if they want to succeed in today’s competitive marketplace Regions: Africa Asia Europecenter_img Multiple brands the key to keeping it fresh Subscribe to the iGaming newsletter Tags: Online Gambling 3rd September 2020 | By Joanne Christie Email Addresslast_img read more

Apollo Global and Caesars bid for William Hill

first_imgShares in William Hill surged after news of the potential bids broke, rising 39.29% to 303.10 pence per share in London on Friday (25 September) afternoon. Shares in Caesars Entertainment, meanwhile, closed down 3.63% at $52.87 per share in New York yesterday. Subscribe to the iGaming newsletter Apollo Global and Caesars bid for William Hill Email Address 25th September 2020 | By Aaron Noy “Discussions between William Hill and the respective parties are ongoing,” William Hill said. “There can be no certainty that any offer for William Hill will be made, nor as to the terms on which any offer might be made.” However, the economic downturn then left the business with high levels of debt, which ultimately saw the business file for bankruptcy in 2015. Following a two-year restructuring, TGP and Apollo’s stake in the business was reduced to around 16%. Finance The deadline may be extended, subject to consent from the Panel on Takeovers and Mergers. There was speculation in the US earlier this month that William Hill was then in discussions with Caesars over some sort of combination of their online assets, though little clarity on what form this may take. The Eldorado deal only covered online gaming, and the suggestion was that the existing agreement may be expanded to include online casino. The deal sees Apollo Global Management bid for William Hill against a business in which it was a high-profile investor. In 2006, it partnered Texas Pacific Group (TGP) to acquire Caesars Entertainment Corporation – then known as Harrah’s Entertainment – closing that $27.8bn (£21.82bn/€23.89bn) deal in 2008. For the same period, the enlarged Caesars posted revenue of $2.79bn, down 50.3% from the legacy business’ combined revenue for the first half of 2019. This stake was reduced further to a holding of just 5.7%, which was then divested in March 2019. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter William Hill has confirmed that its board has received separate cash proposals to acquire the business from alternative investments giant Apollo Global Management and its US sports betting and igaming partner, Caesars Entertainment. The operator explained that having received an initial written proposal from Apollo on 27 August, it then received a further offer from the firm, while Caesars made its own proposal. Regions: UK & Ireland US Topics: Finance Strategy A further announcement would be made if and when appropriate, William Hill added. Caesars then agreed a mega-merger with Eldorado Resorts, which saw the creation of the US’ largest casino operator when it closed in July this year. In accordance with Rule 2.6(a) of the UK’s City Code on Takeovers and Mergers, each of Apollo and Caesars are required to announce a firm intention to make an offer for the operator by 23 October. That deal saw William Hill, which struck a 25-year deal to serve as Eldorado Resorts’ exclusive sports betting partner, in return for a 20% stake in the business in September 2018, become the partner for the enlarged business. For the first half of the year, William Hill reported a 31.7% year-on-year decline in revenue to £554.4m, in a period where the novel coronavirus (Covid-19) lockdown badly affected performance. However, a £230.7m VAT refund – for tax incorrectly applied to revenue earned from certain gaming machines prior to 2013 – saw net profit grow to £115.6m.last_img read more