Plus Markets halves losses over first half amid cost cutting drive

first_imgThursday 16 September 2010 8:07 pm STOCK exchange group Plus Markets yesterday said it had halved first-half losses since last year under a new management team, which has implemented a strict cost-cutting drive.New chief executive Cyril Théret and chairman Giles Vardey aim to bring Plus into the black within two years via a streamlining process which includes almost halving staff numbers to 28 and reducing the cost base by 40 per cent.Plus made a pre-tax loss of £2.48m over the six months to the end of June, 56.5 per cent lower than the £5.71m the group lost in the same period last year.Vardey said market conditions remain challenging, particularly as there were few new listings. Twelve firms were admitted to the market over the period – flat on last year. Plus Markets halves losses over first half amid cost cutting drive Show Comments ▼ whatsapp KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULL Share whatsapplast_img read more

Public sector increasingly nervous about jobs

first_img IN the run up to the Christmas season feelings of insecurity surrounding employment situations can become more acute. A monthly Household Economic Activity Tracker (HEAT) produced by YouGov SixthSense has found that a net percentage of employees were more fearful for their jobs in October (net -20 per cent) than they had been during September (net -17 per cent). This ties in with the general trend of increasing fears over job security since spring 2010 (see graph).Concern about job security differs between public and private sector employees. By subtracting the percentage of people who currently feel secure in their position from those fearing impending job loss, YouGov SixthSense calculated a net -31 per cent level of confidence in job security amongst public sector workers, while confidence amongst private sector employees stands at a net -14 per cent. The Comprehensive Spending Review has started to make public sector workers nervous.Widespread feelings of employment insecurity exist in spite of a perceived increase in the level of business activity in the UK: both private and public sectors recorded positive net increases in this regard (four per cent and 14 per cent respectively). Similarly, from September to October a net zero per cent level of income change was recorded.Despite this, those employed are still feeling the pinch as 67 per cent said price changes have negatively affected them, with only two per cent welcoming recent price fluctuations. YouGov SixthSense also recorded a nine per cent net increase this month in the need for additional borrowing in respect of Credit Cards, overdrafts and other unsecured loans.The consumer prognosis for next year is also grim. YouGov respondents overwhelmingly believe goods and services will cost more this time next year, with unemployed people registering the lowest level of confidence that prices will remain stable.Stephan Shakespeare is chief executive and co-founder of YouGov KCS-content whatsapp Tuesday 9 November 2010 7:38 pm Tags: NULL Sharecenter_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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushUndo Public sector increasingly nervous about jobs Show Comments ▼ whatsapplast_img read more

New jobs growth in Switzerland

first_img 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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com New jobs growth in Switzerland Thursday 25 November 2010 7:54 pm KCS-content Swiss employment was up in the third quarter, increasing by one per cent compared to a year ago. Full-time work was also up, rising 0.9 per cent. The increases marked the highest level of employment since the early 1990s. whatsapp Sharecenter_img Tags: NULL Show Comments ▼ More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comPuffer fish snaps a selfie with lucky divernypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com whatsapplast_img read more

ANALYST VIEWS: SHOULD WE TAKE THE GDP FIGURE AT FACE VALUE?

first_imgTuesday 25 January 2011 9:29 pm ANDREW GOODWIN | ERNST & YOUNG ITEM CLUBWe find it difficult to believe the economy is really as weak as these figures suggest. This view quite simply does not square with what survey indicators are telling us. The ONS has little hard data to base this first release on, so we see the prospect of some major revisions.PHILIP SHAW | INVESTECThe ONS’ estimates for services look strangely soft and out of kilter with firmer survey evidence and relatively robust retail sales figures. We are of the view that today’s GDP numbers should be taken with a pinch of salt – but they increase uncertainty over the economy.MICHAEL SAUNDERS | CITIWe suspect that the economy’s underlying momentum in the fourth quarter was nothing like as weak as the headline drop in GDP implies. The UK produces GDP figures earlier than most other countries, and has a tendency to revise the figures quite sharply. The same may happen again. KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.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 More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsappcenter_img Share ANALYST VIEWS: SHOULD WE TAKE THE GDP FIGURE AT FACE VALUE? Show Comments ▼ whatsapp Tags: NULLlast_img read more

Xstrata posts $6bn profit as copper soars

first_img KCS-content Xstrata posts $6bn profit as copper soars More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tuesday 8 February 2011 8:57 pm MINER Xstrata beat expectations to more than quadruple its pre-tax profit in 2010, the firm said yesterday, on the back of a runaway rise in commodity prices.Xstrata’s pre-tax profit rose to $6.6bn (£4.1bn) up from $1.53bn a year ago, on revenues that rose 34 per cent to $30.5bn. Copper prices, which have jumped 30 per cent in the last 12 months, contributed $2.2bn to Xstrata’s $7.7bn operating profit, which was 75 per cent up on last year. The firm unveiled a higher than expected dividend payment for the year, to 25 cents compared to eight cents a year ago, in a demonstration of the board’s confidence in its plans for the year. Sanford Bernstein analyst Paul Galloway said the dividend “puts down a marker for cash return for other mining companies”.Xstrata repeated its plans to increase overall production by 50 per cent before the end of 2014, and said it was on track to continue 20 new or expanding projects in 2011. Xstrata said last week that thermal production had been hit by the flooding in Queensland, Australia, but chief executive Mick Davis said yesterday the outlook was less bleak. “As we stand at the moment we do not see any significant impact on 2011 results,” he said. Mining rivals Rio Tinto and BHP Billiton are due to report results on the 10 and 16 February respectively. Share center_img whatsapp whatsapp Tags: NULL Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoamlast_img read more

Mayfair tycoons: We will clear our name

first_img whatsapp KCS-content Mayfair tycoons: We will clear our name by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Geniusmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com ENFORCEMENTTHE Tchenguiz brothers were held for questioning for over 12 hours by the Serious Fraud Office yesterday after being arrested in connection with the collapse of Icelandic bank Kaupthing.Vincent and Robert Tchenguiz were among seven men arrested in a series of dawn raids across London. The brothers were both released without charge last night and were free to travel, their spokesman said.Robert Tchenguiz had debts with Kaupthing totalling more than £2bn. His credit line was extended after the onset of the recession, despite his portfolio of investments beginning to turn sour. Minutes from the bank show that some of the lending was used to finance debt owed to other lenders.He famously lost almost £1bn in just a few days in 2008 when his stakes in firms including J Sainsbury and Mitchells & Butlers – which had already lost hundreds of millions in value – were seized to help pay the debts. Other assets seized include proceeds from the 2009 sale of Somerfield, the privately owned pub-chain behind Yates’s and Slug and Lettuce and restaurant group La Tasca.Vincent has launched a £600m claim against Kaupthing’s liquidators, after effectively forfeiting shares in a string of companies. He pledged the firms as collateral on his brother’s spiralling debt with the bank. Kaupthing has been criticised for its close relationship with Robert, who owned 1.5 per cent of the bank outright and was also a director and shareholder in Exista, which was Kaupthing’s largest investor.It is understood Armann Thorvaldsson, former head of Kaupthing’s UK business and Sigurdur Einarsson, who was Kaupthing’s London-based executive chairman and chief executive, are also among those who have been arrested.Tchenguiz’s offices in central London were searched as part of the investigation, which involved 135 City of London police and SFO officers.Two men were also arrested in Iceland as part of the probe, which has been running since 2009.A statement by the brothers said: “We were arrested earlier this morning and are being questioned with regard to matters relating to our relationship with Kaupthing Bank. Both of us are cooperating fully with the investigation and are confident that, once concluded, we will be cleared of any allegation of wrongdoing.”Robert Tchenguiz was a Tory party donor, handing over £53,620 through his R20 firm. Share whatsapp Wednesday 9 March 2011 9:05 pm Show Comments ▼ Tags: NULLlast_img read more

ECB rate hike piles pressure on periphery

first_img 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen 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 HeraldDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance Stories Share whatsapp 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 Show Comments ▼ ECB rate hike piles pressure on periphery center_img FEARS for the Eurozone’s struggling peripheral nations were heightened yesterday, after the European Central Bank hiked interest rates by one quarter of a per cent.“Even a small rise in rates – and its effect in supporting the euro exchange rate – will only pile further pressure on the uncompetitive, debt-laden peripheral economies,” commented Ben May of Capital Economics.The potential hit to the weaker Eurozone states was reflected in a poll of Irish businesses. Almost three-quarters (73 per cent) expect to be hurt by higher rates, a survey by KBC Bank and Chartered Accountants of Ireland revealed yesterday.Monetary policy “remains accommodative,” ECB president Trichet said yesterday, stressing that the Bank will “monitor very closely” price risks.However, Trichet said hiking the main refinancing rate to 1.25 per cent was not necessarily “a first in the series.” Rates had been at their historic low of one per cent for close to two years, and were widely anticipated to rise at yesterday’s meeting.The euro initially dipped against the dollar after Trichet’s comments, yet subsequently recovered“There is increasing risk that the ECB might go with the next 0.25 per cent hike before July and that further rate hikes might follow in the reminder of the year,” commented Citigroup economist Jürgen Michels.Consumer price inflation is running at 2.6 per cent across the single currency area, while core economies such as in Germany and France are recovering strongly. Thursday 7 April 2011 9:03 pm whatsapp Tags: NULLlast_img read more

Racetrack-owned Britbet launch delayed

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 13th June 2018 | By contenteditor Topics: Sports betting Tech & innovation Horse racing Email Address Horse racing Britbet, the new pool betting operation backed by 55 UK race tracks, has delayed its launch as it continues talks with the Totecenter_img Racetrack-owned Britbet launch delayed Tags: Race Track and Racino Subscribe to the iGaming newsletter Britbet, the new pool betting operation backed by 55 UK race tracks, has delayed its launch as it continues talks with the Tote.The operator was due to take control of racecourse pools on July 13 when the Tote’s seven-year monopoly on pool betting expires.It is believed there has been disagreement between Britbet’s two biggest shareholders, Jockey Club Racecourses and Arena Racing Company (ARC), as to whether the enterprise should proceed alone or pursue closer co-operation with Betfred-owned Tote.Britbet’s board unanimously agreed on the delay, which could run until October, at a meeting on Friday.Britbet chairman Neil Goulden said in a statement that the talks with Tote are illustrative of the company’s vision of maximising investment for partner courses and taking control of pool betting on course.Goulden added: “With those principles secured, we are able to explore ways in which we may be able to work with an invigorated Tote to deliver the best product and service for our racecourse partners and ultimately for racegoers.“This agreement is clearly aligned with our ‘by racing, for racing’ proposition and, thanks to the hard work of the Britbet board and team, I am delighted that we have secured those key aspects which now enable us to consider ways of working in partnership with others.”Last month the Alizeti consortium, led by racehorse owner Alex Frost, struck a deal to purchase an initial 25% share of the Tote, with an option to purchase the remaining 75%.Speaking to iGamingBusiness last month Alizeti chairman Eamonn Wilmott confirmed talks were ongoing with Britbet but said “everyone around the world is massively keen on there being one pool in the UK and an improved pool.” He added: “Everyone is looking for the liquidity in the UK to improve and so we are hopeful that we can work together.”Related article: Racing consortium strikes £130m Tote deallast_img read more

Mansion and Co-Gaming fail in appeals over Dutch fines

first_imgFinance Regions: Europe Western Europe Netherlands Tags: Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Both financial penalties represent six-figure fines Email Address Mansion and Co-Gaming fail in appeals over Dutch fines The Dutch Council of State has rejected appeals from Co-Gaming and Mansion Online Casino/ONISAC over historic fines for offering gambling services in the country without permission. In 2014, the Netherlands Gambling Authority (KSA) issued Co-Gaming with a fine of €180,000 (£160,250/$209,000) for operating a Dutch-language website that featured Netherlands-related image such as Dutch flags. At the time, Co-Gaming was operating as part of ComeOn Europe, but has since become part of Cherry AB. Mansion Online Casino and ONISAC were also issued with a joint fine of €150,000 for similar activities in February 2014. The fine was first levied in November 2013, but the companies complained to a court in The Hague and were granted a contemporary injunction. The resulting appeal has now failed. Mansion Online Casino and ONISAC, as well as Co-Gaming, appealed to the Dutch Council of State having already failed with earlier appeals in The Hague, but the country’s highest court ruled in favour of KSA and the fines will stand. In a statement confirming the decision, the KSA said: “The Gaming Authority uses so-called prioritisation criteria in its enforcement policy. This means that online providers of games of chance are dealt with when they focus on the Dutch consumer. “This can be seen, for example, from the use of the Dutch language. The Council of State stated in both cases that the appeals of the parties were unfounded.” The KSA has increased its efforts to combat unauthorised gambling activities in recent months, having issued a number of fines to various operators. Betsson subsidiary Corona was fined €300,000 for operating in the country without the relevant licence, but the company has since appealed the decision. In a statement, Corona said it “maintains its prior position that its operations comply with applicable laws and regulations in the absence of an EU-compliant gambling legislation in the Netherlands”. Meanwhile, MRG last month said its Mr Green Ltd subsidiary will also appeal a fine of €312,000 for failing block Dutch players from gambling on its platforms. MRG said in a statement that, “in its opinion”, it has complied with all guidelines in the country, with the exception of rules for IP blocking. The firm also said “most gaming operators do not practice IP blocking in the Netherlands and the company will therefore appeal the decision”. Last month the Dutch government asked the regulator to look at plans to introduce a so-called ‘bad actor’ clause that could see some companies banned from operating in the Netherlands when the licensed regime finally launches.Betsson has since hit out at the new proposals, with executive Pia Rosen telling iGamingBusiness.com that such a decision would run contrary to the stated targets of the Netherlands’ licensed gaming regime. “The Dutch Government says high channelisation is the top priority, and in order to achieve that they would have to include the larger operators in the licensing system,” Rosen said.Image: Jungpionier Topics: Finance Legal & compliance Subscribe to the iGaming newsletter 1st October 2018 | By contenteditorlast_img read more

Germany to launch gambling addiction awareness day

first_img Germany to launch gambling addiction awareness day Email Address Subscribe to the iGaming newsletter Casino & games Topics: Casino & games Lottery People Sports betting Slots Germany’s Federal Centre for Health Education (BZgA) will look to educate players about the risks associated with gambling, especially around land-based slot machines, with a new annual awareness raising day taking place for the first time this week. The centre, a subsidiary of the federal Ministry of Health, estimates there are around 500,000 problem gamblers across Germany. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 23rd September 2019 | By contenteditor Regions: Europe Central and Eastern Europe Germany Tags: Slot Machines Germany’s Federal Centre for Health Education (BZgA) will look to educate players about the risks associated with gambling, especially around land-based slot machines, with a new annual awareness raising day taking place for the first time this week.The Aktionstag Glücksspielsucht 2019 takes place on Wednesday (25 September), and will reoccur annually, on the final Wednesday every September. This will be based around the slogan “Don’t play until you’re addicted” (“Spiel nicht bis zur Glücksspielsucht”) and is accompanied by the launch of a new web portal, Check-dein-Spiel.de (Check your play).Players will be able to access information on various forms of gambling via the site, as well as a self-test to assess their gambling risk profile. Should they be classed as at risk or addicted, they will be advised on measures they can take to change their behaviour.This will be accompanied by a leafleting campaign which will see information in a number of different languages distributed to the public.“[It] is important to inform people and make them aware of the addictive native of gambling before they develop problems,” BZgA chief Dr Heidrun Thaiss said. “This is why the BZgA is offering online and offline information and counselling services, in several languages, for gamblers and their relatives.”Ahead of the day, the BZgA has published figures that reveal around 1.5 million 16 to 70 year-olds claim to have played slot machines at least once in the past year. These machines, it said, are particularly popular among the 18 to 25 age bracket.For all forms of gambling, the Federal Ministry of Health subsidiary estimated there are around 500,000 people across Germany that can be classed as problem gamblers. Slot players make up around 120,000 of this number, a percentage the BZgA said was significantly higher than addiction rates for other verticals such as lottery or sports betting.“Frequent repeated gambling can be a sign of addiction risk,” Thaiss explained. “Not everyone is aware of this, especially as there are different risks associated with each form of gambling.“Products offering fast gameplay and short intervals between payouts tend to lead to players gambling more often and spending more money than intended.”last_img read more