A move back to houses aids Bellway sales

first_img 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 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 ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com A move back to houses aids Bellway sales whatsapp whatsapp KCS-content More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comcenter_img Share RENEWED demand for traditional two-storey homes helped housebuilder Bellway post a 7.6 per cent rise in its average sale price yesterday. Bellway said in an update that it sold 2,332 properties in the six months to the end of January, a rise of 3.8 per cent on last year. The FTSE 250-listed firm has shifted its property mix away from flats in the past year, which has helped push its average property sale price to £168,000 at a time when property values have dipped. Around 65 per cent of Bellway customers currently buy more traditional homes, though finance director Alistair Leitch said this is likely to stabilise as a swathe of flats in East London start to sell in the run-up to the Olympics. Leitch said the overall pick-up in sales had potential to continue in 2011. “The early signs that we’ve had in January are encouraging,” he said.“Can we keep that momentum going through to Easter? … As long as we don’t have anything untoward happening to the UK economy or to the world political situation, then we should be okay,” Leitch said.Bellway shares rose 2.8 per cent to close at 657.5p yesterday. Show Comments ▼ Tags: NULL Monday 7 February 2011 9:02 pmlast_img read more

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Merlin claims to boost lending to businesses

first_img Merlin claims to boost lending to businesses Share More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.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.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam Tags: NULLcenter_img whatsapp Wednesday 9 February 2011 8:36 pm KCS-content Show Comments ▼ HOUSTON, we have an agreement.” So joked one of the chancellor’s key allies yesterday, clearly relieved to have finally signed a deal of sorts with the four Merlin banks. But the government has got precious little for the weeks it has spent locked in negotiations with HSBC, RBS, Lloyds and Barclays. Here City A.M. looks behind the smoke and mirrors to see if Merlin is really worth the paper it is written on. LEND MORE MONEYThe government says: “The Merlin banks will lend £190bn of new credit to business in 2011, up from £179bn actual lending in 2010.” This six per cent nominal increase in business lending is no great shakes. According to the Office for Budget Responsibility, GDP will increase by 2.1 per cent next year while consumer price inflation will increase by 2.8 per cent, a total of 4.9 per cent. So it is reasonable to assume that lending would have increased by around five per cent anyway, meaning the increase is in fact very small. At any rate, this is a gross lending target, an almost meaningless measure which doesn’t take into account firms paying loans back. The net amount being borrowed by firms could still fall. “£76bn of this new lending capacity will be to small and medium-sized firms (SMEs). This is a 15 per cent increase on the amount actually lent in 2010 (£66bn).”If there is any meat to this deal, this is it. However, if banks can make a healthy return lending to creditworthy businesses, they will do it without a centrally imposed target. The BBA says banks are already approving SME loans at a rate of around 80 per cent. If anything, the government runs the risk of encouraging banks to lend to unhealthy firms, which could end up defaulting. Ironically, this is exactly what the US government did with mortgage lending, paving the way for the subprime disaster. PAY LOWER BONUSES“The 2010 bonus pool of the four banks’ UK based staff will be lower than in 2009”.Bonuses would have been lower anyway, after investment banking revenues slumped on subdued activity. Banks have also increased base pay to compensate for new European rules which effectively stop bankers from taking any more than 20 to 30 per cent of their bonus in up-front cash. “Bonuses for UK staff at the four banks will be lower than they would have been without today’s settlement.”If true, the government could claim the banks have heeded its calls for restraint. However, there is no way of substantiating this claim. Although the chair of each bank’s remuneration committee will have to write to the FSA confirming that bonuses are lower than they otherwise would have been, they won’t have to say by how much. Bonus pools could be £1 smaller, say, and the bank would be meeting the demand.BE MORE TRANSPARENT“The pay of the five highest-paid senior executive officers will be published annually on an unnamed basis, in addition to pay of the executive directors already published by name in the annual accounts.”It is hard to see what this will achieve, aside from inflating pay across the sector, as disgruntled bankers demand more after seeing what equivalent employees earn elsewhere. At any rate, the government has only stipulated that “senior executive officers” should be included: the pay of the real high rollers – star traders and deal-making investment bankers – won’t be published. Osborne’s aides say this brings the UK in line with Hong Kong, which has the strictest pay disclosure rules of any major global financial centre. But Hong Kong makes banks publish the pay of the top five earners, regardless of whether they are “executive officers”. MAKE A GREATER CONTRIBUTION TO OUR REGIONAL ECONOMY AND SOCIETY“The banks have today announced additional support of £1.2bn to support regional growth and the Big Society.”Merlin banks have committed up to £1bn for the Business Growth Fund, a fund that is meant to redistribute growth to regions outside the south-east. However, the cash won’t be up-front but will constitute “new capital available as soon as it is needed”. In other words, as with their lending commitment, banks have promised to fund investment in accordance with demand, an amount that will depend upon the government’s successful encouragement of regional growth. Just £200m of the funds, meanwhile, will be committed to the Big Society bank. While a significant donation, this amount is far off the £1bn collective donation said to be in the works several weeks ago.STABILITY FOR THE BANKS?“In return, the government commits to the success of a strong, resilient, stable and globally competitive financial services sector in which UK banks can compete with the best banks in the world on a level playing field – and in which London is a world centre for finance.”In short, the government is saying “we won’t clobber the banks with any more taxes or regulation.” Of course, any statement of this kind should be welcome, and the chancellor yesterday said it was time to move from “retribution to recovery” (echoing Bob Diamond’s “the time for remorse is over” plea). However, the chancellor’s aides say the ceasefire will only last for the duration of the Merlin deal – just one year. Banks don’t make decisions about where to base their headquarters or where to employ more staff based on one year (if they did, many would have upped sticks when Labour imposed the bonus tax). Even if the entente cordiale were to last, an increasing amount of banking regulation is written by the European Union, with British ministers powerless to prevent its damaging effects. What banks really need is long-term stability and visibility. Merlin offers neither. last_img read more

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Rolls Royce in 4pc profit rise

first_img John Dunne Rolls Royce in 4pc profit rise Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Show Comments ▼ Rolls-Royce posted a four per cent rise in full-year profit, helped by solid growth at its civil aerospace and energy units and said it had paid most of the costs associated with last year’s technical setbacks.The world’s second-largest maker of aeroplane engines reported an underlying pre-tax profit of £955m on revenues six per cent higher at £11.08bn for the year to the end of December 2010.Rolls increased its final payment to shareholders by 6.7 percent to 9.60 pence per share.Rolls suffered technical setbacks on two major programmes last year. A Qantas Airbus A380 suffered a partial engine failure in service, while on Boeing’s 787 programme, engine failure during ground testing led to further delays for the entry-in-service of the new plane.The company said the bulk of the anticipated costs associated with Qantas incident had been recognised in the 2010 results.It added that profits in 2011 were expected to see good growth benefiting from strong trading in civil aerospace. center_img 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 whatsapp Thursday 10 February 2011 3:05 am whatsapp Tags: NULLlast_img read more

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Private firms step in to create jobs

first_img Show Comments ▼ KCS-content whatsapp 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 whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndo Sharecenter_img Private firms step in to create jobs Sunday 13 February 2011 11:18 pm JOB creation in the private sector is starting to pick up, according to a respected report.The survey, conducted by the Chartered Institute of Personnel and Development (CIPD) and KPMG, lends support to prime minister David Cameron’s claim that private firms will provide jobs as cuts in the public sector take hold.Manufacturing and private sector services will provide the most jobs over the first quarter of 2011, according to the survey of 750 employers.However, redundancies look set to rise sharply. Public policy adviser at the CIPD Gerwyn Davies said: “Encouragingly, the private sector continues to generate new jobs, but we are some way off the jobs boom that we are all hoping for. Tags: NULLlast_img read more

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Mouchel shares jump after it reveals advanced talks with mystery bidder

first_img SHARES in professional services firm Mouchel leapt yesterday after the firm said it was in advanced takeover talks with an unknown bidder.The embattled company had been the subject of several approaches from Costain, yet the engineer yesterday said it was not a suitor for the firm.Rivals linked with Mouchel include the outsourced service providers Carillion, Interserve and Balfour Beatty.The prospect of an imminent takeover deal could calm Mouchel’s angry shareholders, who had called on the board to sell out.Major shareholders approached chairman Bo Lerenius last month calling for a sale, after the firm had refused to accept repeated offers from Costain.The engineer said yesterday it had improved its offer for Mouchel as recently as last week, without revealing the details of the fresh approach.Analysts said the new suitor’s offer would have to beat Costain’s sweetened 153p per share bid made last month in order to meet Mouchel’s pledge to maximise shareholder value.Analyst at Arden Partners Geoff Allum said: “Given that the price [Costain] offered was a pretty reasonable one, any such improved offer might’ve meant more cash.“It does at least say we’re in the end game. Shareholders of course will be pleased.”He added: “It gives some justification to management for holding out as long as they have. It’ll be good for them, especially if they can get a higher price and a better offer than from Contain.”Mouchel shares closed up 12 per cent at 152.5p per share, valuing the firm at £171.4m. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity 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 Herald More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Share Thursday 24 February 2011 8:40 pm Tags: NULLcenter_img whatsapp Show Comments ▼ KCS-content Mouchel shares jump after it reveals advanced talks with mystery bidder whatsapplast_img read more

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Portugal cost of borrowing leaps

first_img whatsapp Portugal cost of borrowing leaps More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Tags: NULL Show Comments ▼ Sharecenter_img Portugal’s two-year cost of borrowing hit the highest level since it joined the euro in a bond auction and its government said yields were unsustainable in the long run without Europe-wide action.But treasury secretary Carlos Pina said the country did not require an international bailout – despite the move being viewed as inevitable by the market.“These are rates that are not sustainable in the longer term, but they are still bearable at the moment, which reinforces the need for measures at the European level,” Pina told Reuters in a telephone interview.His comments came just two days before the first of this month’s two European summits, where euro zone leaders will take the next cautious steps in their year-long effort to quell the region’s debt crisis.“We are conscious that the rates remain high and have been worsening, implying a need for an urgent European plan of measures to make the (European Financial Stability) fund more flexible,” Pina said. These measures are likely to be discussed in detail at the European Union summit on March 24-25.He said Portugal was doing what is needed to put its public finances in order and “does not need external help”. The government aims to cut the budget deficit this year to 4.6 per cent from gross domestic product after beating last year’s target of 7.3 per cent.The yield on the September 2013 bond soared to 5.993 per cent from 4.086 per cent in an auction last September, also surpassing the 5.396 yield in the sale of a longer-dated October 2014 paper in January.“With yields at these levels this outcome will do nothing to challenge expectations Portugal is heading for a bailout and in somewhat short order,” said Rabobank strategist Richard McGuire.Still, the yield at the auction came at the lower end of secondary market rates and the IGCP debt agency sold all €1bn (£861m) on offer, with demand outstripping supply by 1.6 times. whatsapp Wednesday 9 March 2011 2:32 pm alison.lock 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 TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 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 CarsDrivepedialast_img read more

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iGaming Dashboard – June 2018

first_img29th May 2018 | By Stephen Carter Email Address Tags: Online Gambling Updated to include April 2018 IMF GDP forecasts, extension of date range to 2023 and US sports betting Finance H2 Gambling Capital and iGaming Business are pleased to bring you the June 2018 iGaming Dashboard.The iGaming Dashboard is your monthly overview of the igaming sector in numbers and enables you to follow the evolution of the igaming sector.This is month’s edition has updated to include April 2018 IMF GDP forecasts, extension of date range to 2023 and US sports betting.We have recently added the pre-match vs. in-play split for global sports betting GGR.Click on the different years to see how total global gambling gross win for igaming will evolve between now and 2022, geographical breakdowns provide you with an overview of revenue levels for key regions around the world, while the vertical breakdown shows how much different product segments generate and the levels they are set to grow to.The term “white market” is used to describe taxed or fully legitimate markets, including the UK and any other that is in transition.We have removed all unconfirmed forecast igaming activity — mostly five to six US states, including the poker market in California — from our projections due to uncertainty over the timing of future market developments.H2 Gambling Capital is the gambling industry’s leading consulting, market intelligence and data team. The company has a track record of 15 years focused on the global gambling industry, its projections have been influential in shaping legislators’  and investors’ views of the gambling sector across the globe.center_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Subscribe to the iGaming newsletter iGaming Dashboard – June 2018last_img read more

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New Zealand government sets out plans to tackle problem gambling

first_img Topics: Legal & compliance Email Address Public consultation taking place over future strategy New Zealand’s Ministry of Health (MoH) has said it is assessing the use of technology to address the issue of problem gambling in the country, amid a public consultation for its future strategy to prevent and minimise gambling harm. The MoH launched the consultation last month. It undertakes a refresh of the strategy every three years and the consultation process will run through to September 21. Feedback received will act to shape the future direction and content of the Ministry’s Strategy to Prevent and Minimise Gambling Harm 2019-20 to 2021-22. Included are draft proposals for the strategic plan, which sets out the general strategic direction and priorities for the government to address the issue. This framework comprises the proposed funding levels for the Ministry, in relation to the gambling harm prevention and minimisation activities described in the strategy. It also spells out the proposed service plan for the three years from 2019-20 to 2021-22, along with the proposed problem gambling levy rates and weighting options per gambling sector. The NZ Government enacted the Gambling Act 2003 with statutory requirements to develop an integrated strategy to prevent and minimise gambling harm and that it be reviewed every three years. The MoH acknowledged that the latest review is important in addressing the rapidly evolving gambling and gaming market. A MoH spokesman told iGamingBusiness.com: “This three yearly review recognises that changes can occur quickly in the gambling environment and allows the strategy to adapt and respond to changes.“The draft Strategy to Prevent and Minimise Gambling Harm for 2019-20 to 2021-22 discusses a number of factors that the Ministry considered when developing the proposed service plan for this period. Some of these factors address the rapidly evolving and developing gambling environment, for example, the possible growth in online gambling and the convergence between gambling and gaming.”The Act requires the Ministry to complete a gambling harm needs assessment to inform the strategy development for each strategy period. For the development of the draft strategy for 2019-20 to 2021-22 the needs assessment showed that while there has been little change in the percentage of the population affected by gambling harm, the total number of people affected has increased in line with population growth.The MoH also said that significant inequities attributable to gambling harm persist for vulnerable at risk groups, such as Mâori, Pacific people and those on low incomes. While the Ministry said service uptake has been well below expected demand, it added that about 50% of electronic gaming machines, which research shows present the highest risk of harmful gambling harm, are located in the areas with the highest socio-economic deprivation. These areas also tend to have high Mâori and Pacific populations, with these communities experiencing the highest rates of gambling harm.Concerning the main problem areas regarding gambling in New Zealand at present, the MoH added: “The main area of harm comes from non-casino gaming machines (NCGM) or pokies, commonly seen in clubs and pubs, which contribute the highest share of both people seeking help (53%) and sector expenditure (38%). “We have also seen a steady increase in lotteries presentations and spending, which now rivals casino expenditure. The emerging areas of concern are internet-based gambling and the convergence between gambling and gaming, both of which are currently unregulated.” Despite these issues, the MoH said it is “heartened” with the attitude shown by the industry towards problem gambling. It added: “While there is always room for improvement when it comes to reducing gambling harm, the Ministry is heartened by the increasing commitment from the gambling industry to instituting a ‘culture of care’. “The Ministry is looking at options to support this, for example using technology to assist where people experiencing gambling harm wish to exclude themselves from venues.” Consumers in New Zealand spent NZ$2.33bn (£1.21bn/€1.35bn/US$1.56bn) on gaming and gambling in the 2016-17 financial year, up 5.7% on the previous 12 months. Figures released by New Zealand’s Department of Internal Affairs in February showed punters spent NZ$125m more than the previous year.Image: Jamie Adams Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Regions: Oceania New Zealand New Zealand government sets out plans to tackle problem gambling 6th September 2018 | By contenteditor Legal & compliancelast_img read more

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Securing the US market at scale

first_img Subscribe to the iGaming newsletter Uncertainty and rapid growth create a breeding ground for fraudsters, so how can the US sports betting market prepare? Topics: Tech & innovation Securing the US market at scale AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresscenter_img Fraud in the USCurrently, there remains a high degree of uncertainty in the US market, and Karl says this is in part due to the emerging patchwork regulatory framework. This in itself creates risk, he says: “Fraudsters love to take advantage of uncertainty, and this combined with rapid growth is a breeding ground for fraud. I think the market will be able to withstand this but operators will need to address this sooner rather than later.”He continues, explaining that the US is always a high action point for fraud as a result of the amount of variation – not only in terms of regulation, but also technology:  “There are lots of different payment methods, channels for payments and data. The high degree of optionality and growth conspire to make the US challenging.”To address this, Karl says it will be important to be aggressive and proactive when it comes to fraud, but also to be transparent. “The nascent market with this level of demand will lead to fraudulent concerns such as money laundering. Operators will need to use the opportunity of being new to be as proactive as possible, to show regulators and the public that this industry can work.” Designing for balanceWith such an opportunity to build the gambling market from the ground-up, Karl says the focus should be on the mobile environment, as that is where he believes most of the growth will come from (See graphic, left, from 2019 iovation Gambling Report). Additionally, managing compliance from a location, age, fraud and data perspective is easier in a lot of ways on mobile devices.User experience and reducing friction are challenges for operators the world over, but Karl says this will be even more important in the US, as the in-game experience will require speed and transparency more than ever. Additionally, he says that as mobile is seen as lower risk, over time it’s opened doors for fraudsters to pretend to be on mobile.However, there are new solutions to help nullify these challenges, he says: “The best way to tackle this is by adapting with new technology for verifications, a lot of which are embedded into these devices.”To tackle the challenges facing the US market, Karl says you need to have tools which can adapt to different regulatory environments, while also striking a balance between compliance and user experience.The ability to take advantage of new technology is already there, with Karl advising: “Operators will have to decide whether they devote resources internally or leverage companies, like iovation, who can help them.”Karl says it also comes down to how much operators will cooperate with each other, suggesting that a unified message is much more beneficial when it comes to the wider public.He notes: “Operators are coming around to this, especially with regulators continuing to up the pressure. The question comes down to this: do operators want to own that process, or let it be let by the states and push them into groups?”The biggest takeaway, says Karl, is that operators must figure this out now, lean on those who know and start from the ground up.To view iovation’s 2019 Gambling Report and other industry-related resources, click here. Jon Karl is executive vice-president of corporate development and co-founder at iovation, a TransUnion Company, where he develops technology and information partnerships. iovation was founded in 2004, and provides authentication and fraud prevention solutions to the igaming industry with the aim of reducing account takeovers, defending against attacks and improving customer experience.There is no doubt that the US sports betting market is an exciting opportunity, with many predicting rapid growth across the market.However, Jon Karl, executive vice-president of corporate development and co-founder at iovation, a TransUnion Company, says this, combined with regulatory uncertainty, makes the market a “breeding ground for fraud.”Operators face a delicate balancing act as this market develops, Karl says, and now more than ever must focus on fraud prevention. Tech & innovation 8th April 2019 | By Josephine Watsonlast_img read more

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MGA seals data sharing deal with darts regulatory body

first_img Topics: Legal & compliance Sports betting Tags: Mobile Online Gambling Email Address The Malta Gaming Authority (MGA) has signed a data-sharing agreement with the Darts Regulation Authority (DRA), while the regulator has also announced a partial reopening of gaming parlours on the island.The agreement with the DRA, the body responsible for regulating professional and amateur darts competitions worldwide, aims to ensure suspicious activity and betting-related corruption can be properly investigated.“The DRA performs an important role in keeping darts safe from corruption and match-fixing,” its chair Nigel Mawer said. “This new partnership with the MGA will go a long way towards helping the DRA protect the sport.“It sends a clear message that the DRA has the worldwide ability to detect and prosecute players who breach the betting rules and damage the sport.”MGA sports integrity manager Antonio Zerafa added: “The novel coronavirus (Covid-19) pandemic altered the very foundations of sports betting. However, these unprecedented circumstances did not diminish our ambitions towards meeting and partnering with new sport governing bodies such as DRA.”Similar agreements have been signed in recent weeks with the likes of the World Professional Billiards & Snooker Association and Malta’s Financial Intelligence Analysis Unit.In related news, the MGA allowed gaming parlours (gaming halls) to reopen from Friday 22 May, albeit only allowing over-the-counter sports betting. The venues had been shut since 17 March as a result of Covid-19. Customers are now able to place bets at the facilities, though no other products will be permitted for the time being.It comes after lotto booths were allowed to resume selling tickets, from 4 May.In related news, Global Gaming Entertainment Group has had its B2C licence cancelled for failing to pay regulatory and compliance contribution fees, and for failing to have personnel approved by the regulator.Brands such as 1xBet.gr, and BetCapo.gr operated under its licence. The company is not connected to Ninja Casino operator Global Gaming. Regions: Europe Southern Europe Malta The Malta Gaming Authority (MGA) has signed a data-sharing agreement with the Darts Regulation Authority (DRA), while the regulator has also announced a partial reopening of gaming parlours on the island. MGA seals data sharing deal with darts regulatory body AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 26th May 2020 | By contenteditor Legal & compliance Subscribe to the iGaming newsletterlast_img read more

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