Flutter completes £800m share sale as Q2 revenue grows

first_img Flutter Entertainment announced plans to accelerate US expansion and reduce debt through an equity placement that raised £812.6m, after revealing a 10% rise in revenue for the first 47 days of its second quarter. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Card Rooms and Poker Mobile Online Gambling OTB and Betting Shops Subscribe to the iGaming newsletter Flutter Entertainment announced plans to accelerate US expansion and reduce debt through an equity placement that raised £812.6m, after revealing a 10% rise in revenue for the first 47 days of its second quarter.The period in question saw a strong performance from recently acquired Stars Group’s international business, helping offset declines in its Paddy Power Betfair and Sky Bet divisions.The equity raise took the form of a non-preemptive placing of 8,045,995 new ordinary shares, at a price of €112.42 per share. This represents a 4.7% discount on Flutter’s closing share price on 28 May, while the shares sold amount to 5.5% of the company’s issued share capital. Goldman Sachs International and J&E Davy acted as joint coordinators and book runners for the placing, with the new shares to begin trading on the London Stock Exchange and Euronext Dublin on 2 June.As part of this agreement, Fox Corporation, which gained the option to acquire an 18.5% stake in Flutter in 2021, following its merger with The Stars Group, has increased its investment in the operator. Fox already held a 4.99% stake in the PokerStars operator, having acquired this stake through May 2019’s Fox Bet joint venture.Fox Corporation chairman and chief executive Lachlan Murdoch said his business was “bullish” about the opportunities in the online sports betting market.“Fox Bet has shown strong growth since launching last fall, and we look forward to continuing that success with our partner, Flutter,” Murdoch said. “Fox’s investment in Flutter underscores our confidence in Flutter’s business and its management’s ability to continue to drive leadership in the US market.”Despite the uncertainty caused by the pandemic, Flutter chief executive Peter Jackson (pictured) said the business was now “starting to look more directly to the future in terms of planning for growth” through the placement.“Businesses around the world are navigating through extraordinary change as a result of the Covid-19 pandemic,” Jackson said. “As with many other sectors, in betting and gaming there have been stark impacts as much of the world has gone into lockdown, with some parts of the sector struggling and others thriving as consumers change their purchasing habits,” he said.He pointed out that the operator had looked after customers and colleagues, enhancing responsible gambling safeguards and not relying on government job protection schemes for staff unable to work.The trading update for second quarter, to 17 May, released alongside the placement announcement, sees the business release its first figures since the merger with The Stars Group was completed on 5 May.It reveals a 10% year-on-year rise in the quarter to date, despite the widespread disruption caused by the novel coronavirus (Covid-19) pandemic.The standout performer in the first 47 days of Q2 was TSG International, the division comprising PokerStars’ international business. This saw revenue rise 92% year-on-year for the period, at a time when the poker vertical is enjoying something of a return to prominence.Also performing strongly in the period was the US business, comprising FanDuel Group and all US-facing PokerStars and Fox Bet elements, with revenue up 61% from the prior year. Australian revenue, comprising Sportsbet and BetEasy, was up 56%.Both the US and Australia benefitted from the continuation of horse racing behind closed doors and retail betting outlets being shut, which Flutter said accelerated the migration of retail customers online.With an accelerated roll-out of betting and gaming legislation in the US expected in the wake of the pandemic, Flutter said the placement would help take advantage of new opportunities as and when they arise.“Flutter is determined to give its US business the best possible platform for future success and to replicate the leadership position it has achieved in the states that have regulated to date,” it said.This will see it look to secure additional market access deals in individual states, as well as increasing investment in customer acquisition, supported by the proceeds.While the gaming-focused and US and Australian businesses performed strongly, the closure of betting shops and suspension of sports as a result of Covid-19 impacted both the Paddy Power Betfair (PPB) and Sky Betting & Gaming divisions.For PPB, which includes the Paddy Power online, retail and B2B operations, as well as Betfair and Adjarabet, revenue across all channels was down 54%. Online experienced a 41% year-on-year decline, while the closure of the group’s retail premises meant the channel contributed nothing for the period.The online-only Sky Betting & Gaming, on the other hand, saw revenue fall 28%.While Flutter said group performance was encouraging, and reflected the strength and breadth of the product offering and geographic footprint, it noted the business still faced significant uncertainty.This centred around the timing of the resumption of sports, and when this would be televised, as well as the return of retail – and level of customer activity – in its shops. It noted that customer migration online, having been accelerated by nationwide lockdowns, could also effect the retail business.The operator noted that while poker and gaming had benefitted from the sports shutdown, growth was likely to taper as sports returned. Through the funds raised via the placement, it said, it would be able to ensure it can retain these new online customers acquired during the pandemic. Furthermore, it added, it would then also be able to take opportunities to acquire market share from less diversified competitors.Finally, it added, the global economic impact of Covid-19 could reduce customer demand as finances became tighter. All this uncertainty made it prudent to facilitate a faster de-leveraging of the company’s balance sheet, leading to interest cost savings and reduced annual cash outgoings. The placement could also reduce its net debt to EBTIDA ratio, it added.When the merger was completed, Flutter said this ratio stood at 3.5x, but based on projected earnings of £950m for 2020, the ratio could be reduced by 0.9x. Its ultimate target is to reduce the ratio to between 1.0x and 2.0x. 28th May 2020 | By contenteditor Regions: UK & Ireland US Topics: Casino & games Finance Sports betting Strategy Poker Casino & games Flutter completes £800m share sale as Q2 revenue grows Email Addresslast_img read more

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Alberta to allow online 50/50 raffle ticket sales

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Alberta to allow online 50/50 raffle ticket sales Subscribe to the iGaming newsletter Alberta Gaming, Liquor & Cannabis announced that ticket sales for 50/50 raffle prize draws will now be available online to gaming customers in the province. 14th July 2020 | By Conor Mulheir Lottery Email Address Alberta Gaming, Liquor & Cannabis announced that ticket sales for 50/50 raffle prize draws will now be available online to gaming customers in the province.AGLC aims to diversify the means by which its customers can access its products, in order to increase revenues and, therefore, proceeds to local charitable organisations.Alain Maisonneuve, president & CEO of AGLC said: “Adult Albertans in all corners of the province will now get a chance to support causes that are important to them from the ease of their smart phones and laptops. In 2018-19, AGLC issued more than 14,000 raffle licences and from that, more than $170 million was raised in support of programs and services important to Albertans.”As well as making 50/50 raffle tickets available online, AGLC is reducing the limit for the allowable use of random number generators (RNGs). Previously, RNGs were permitted to be used only on draws where the total value of ticket sales exceeded CAD$1m.After consulting with stakeholders, the threshold for allowing the use of RNGs has been lowered to $100,000 in ticket sales.Read the full story on iGB North America. Tags: Mobile Online Gambling Topics: Lottery Regions: Canadalast_img read more

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MGM appoints InterActiveCorp leadership to board

first_img Topics: Casino & games People Strategy MGM Resorts International has appointed a number of executives from online media giant InterActiveCorp (IAC) to its board of directors.IAC chairman and senior executive Barry Diller and chief executive Joey Levin will both join the MGM board, which will now consist of 14 members.The double appointment comes after IAC recently committed to a significant investment in the operator, acquiring a 12% stake in the business for approximately $1bn.At the time Diller and Levin explained that the operator’s nascent online betting and gaming business, through its BetMGM joint venture with GVC Holdings, was a major factor in IAC’s decision.Read the full story on iGB North America. MGM appoints InterActiveCorp leadership to board 21st August 2020 | By contenteditor MGM Resorts International has appointed a number of executives from online media giant InterActiveCorp (IAC) to its board of directors. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Casino & games Regions: US Subscribe to the iGaming newsletter Email Addresslast_img read more

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Cordish to open new Pennsylvania casino on January 19

first_imgExisting Live! Rewards Club members can make reservations for the preview days, while guests who are not currently Live! Rewards members can also reserve their place for the preview days at PhillyLiveRewards.com. Regions: Pennsylvania Subscribe to the iGaming newsletter In addition, Cordish will put in place a ‘Play It Safe’ health and sanitation plan to help protect staff and customers during the ongoing novel coronavirus (Covid-19) pandemic. Tags: Cordish Companies Read the full story on iGB North America. Casino & games The facility will host a series of reservation-only preview days for Live! Rewards Club members, before opening to the general public on February 11, pending final regulatory approval from the Pennsylvania Gaming Control Board. Real estate and entertainment business Cordish Companies has announced that it is to open its new Live! Casino & Hotel Philadelphia venue in Pennsylvania on January 19, just two months after work started on the project. Topics: Casino & games Land-based casino AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The 510,000sq ft property will feature more than 2,100 slots and electronic table games, 150 live-action table games, a 29-table poker room, FanDuel sportsbook, a 208-room hotel and a number of dining and entertainment options. 6th January 2021 | By Robert Fletcher Cordish to open new Pennsylvania casino on January 19 Email Addresslast_img read more

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How will casinos engage in esports in 2021?

first_imgThe state of esports betting Esports How will casinos engage in esports in 2021? What’s next for casinos and esports betting? Esports reach a new, ever-expanding audience that isn’t as interested in traditional sports or gambling. They also offer tons of betting opportunities thanks to international competition and a constant stream of new games. Esports fans are much younger than the average baccarat enthusiast, and casinos will eventually be forced to cater to them. Some are getting a head start with esports-dedicated sportsbooks and lip service, but what will it take to draw the lucrative esports crowd away from computers and into casinos? 17th March 2021 | By contenteditor Tags: Casino Esports AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The first step will be overcoming the technical hurdles. Casinos will need to find new oddsmakers or data analysis methods to cover the necessary matches. Multi-week events like the Worlds pose some logistical questions. Subscribe to the iGaming newsletter Like American football’s Superbowl or the NBA Finals, esports also have big events ripe for wagering. League has World, Dota has The International and CS:GO has the Majors, which happen twice a year. One major difference is that esports events last a very long time. The NBA Finals can take up to two weeks; LoL Worlds lasts two months with almost no breaks.  By Kenneth Williams Esports are often touted as the future of competitive entertainment, and such predictions aren’t entirely unfounded. A significant advantage of esports is that new ones can simply be created by development studios who think they have a hit. As new games are released and added to sportsbooks, new fans and players of those titles will get mixed into the general esports betting scene. Gaming fans rarely only follow a single title.  In addition to esports betting growth, several secondary industries have popped up to support pro gaming. Data analysis technology, written coverage and match predictions have become big business in the esports era.  The digital nature of esports might suggest that esports fans prefer watching tournaments in solace, but that couldn’t be further from the truth. Esports fans have a long history of gathering to watch competitive events. Dota 2 is famous for ‘pubstomps’, where fans from a region gather to watch The International live. League of Legends and Counter-Strike fans have similar ‘watch party’ traditions. It would be essential to advertise these events as esports-focused, possibly even separating them from the sports crowd. Esports fans want an opportunity to watch the big game with like-minded people, but they’ll get a terrible first impression if they sit down just to hear someone talk about the NFL.center_img Where casinos currently stand on esports Topics: Casino & games Esports Land-based casino A handful of casinos are leading the charge to integrate esports. The most famous example is undoubtedly the HyperX Esports Arena at the Luxor Hotel in Las Vegas. The 2,800m2 complex is meant to bring esports fans directly to the casino to watch live competition. GameCo, one of America’s biggest video game gambling companies, also has plans to bring esports close to the tables. It plans to launch the first physical esports-only sportsbook at the Sky Ute Casino Resort in Colorado. The owners of both properties understand the potential of esports but is that enough to coax gamers away from online betting sites? Email Address There are a handful of issues preventing casinos from embracing pro gaming. Betting laws in America make very explicit mention of sports, but the laws were usually written when esports didn’t exist. The legality of esports betting is somewhat ambiguous, though many betting sites can skirt around the grey area by leaving their sites accessible to anyone. Casinos don’t have that luxury but that hasn’t stopped a few from getting a head start on the esports crowd. For bookies the appeal is clear. There’s never going to be a “Basketball 2”, but new esports are constantly introduced together with all the betting opportunities that come from them. Add in the growing general popularity of video games, the proliferation of smartphones and consoles in less-developed countries and the 2020 hit to traditional sports, and esports should be priority number one for casinos. The second step is attracting local esports fans. The key appeal of in-person betting over digital is the ability to place a bet and comfortably enjoy the game in the same space. Casinos often publicise significant sporting events and put on specials to encourage fans to come. Big events like the Majors are perfect opportunities for casinos to test the waters. With esports appealing to a young demographic and casinos needing to replace the ageing baccarat bettor, the two should be a match made in heaven. But what will it take to draw the lucrative esports crowd away from computers and into casinos? Professional competitive gaming has exploded over the past decade. What started as basement LAN parties and the occasional regional gathering has become a global phenomenon for gamers, fans and business people. The industry’s betting side was pushed to the limit in 2020 when several traditional sports leagues were forced to postpone their seasons. And now, even as traditional sports return to television, esports is still enjoying a massive boost in popularity. Bookmakers still face several challenges when offering esports. The odds are challenging to tabulate due to recency and constantly changing rosters, and the lack of a concrete schedule doesn’t do bookies any favours. There’s also the nightmare of making sure players’ usernames are spelled correctly, something many websites don’t even bother with. As video games return to international competition, casinos should try their best to welcome esports fans. They represent both the present and future of the betting industry, and gambling companies have plenty of reasons to offer gaming already. Getting a head start will be valuable, especially if casinos embrace some esports culture in the process. Casinos are not an option for most esports bettors as it stands. Thanks to the Covid-19 pandemic sports and esports gamblers are now used to placing bets in their pyjamas. Putting a massive esports stadium and sportsbooks across from the slot machines will help, but casinos need to engage with esports fans on a level that digital betting websites can’t if they want them to switch to in-person betting. While betting opportunities exist for even the smallest mobile esports, three titles dominate the market. League of Legends, Counter-Strike: Global Offensive, and Dota 2 make up the holy trinity of esports. Each has a bustling, competitive scene with teams across the world. Their regularity has made them a favourite for esports oddsmakers, who focus on these games above all others.last_img read more

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Spelinspektionen calls for new ad limits in Market Inquiry response

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Although gaming classifications already exist in Sweden, the Inspectorate called for official guidance on how risk potential will be measured. 22nd April 2021 | By Marese O’Hagan “Solely the implementation of such a register would take about three years and require significant resources of the authority.” The Inquiry was launched with the purpose of tracking the development of online gambling in the country after it was legalised in 2019. Subscribe to the iGaming newsletter BOS hit out at the report, disagreeing with the suggestion that all of Sweden’s gambling should be run through a state-run portal. This standard, it said, is already used for alcohol ads. The Swedish Gambling Inspectorate (Spelinspektionen) has agreed with certain recommendations such as further limits on ads in the country’s Gambling Market Inquiry (Spelmarknadsutredningen), but has objected to others, including a permanent SEK5000 deposit cap on slot machines. In August 2020 Sweden’s Equality Commission (Jämlikhetskommissionen) published a report of its own, which Spelinspektionen also responded to. This report included many controversial suggestions, including calling for time limits on gambling. In response to the Inquiry’s call for safer gambling measures, the Inspectorate asked for a limit on bonus offers in public lotteries to curb irresponsible gambling.The Swedish online trade association Branscheforenigen för Onlienspel (BOS) also responded to the Inquiry, warning that low channelisation verticals could be at risk of suffering under unlicensed operators. However, the Inspectorate seemed hesitant with the proposal that the Swedish Public Health Agency should create a risk classification model of different gambling forms, on the grounds that regulatory action would need to be prioritised. Spelinspektionen calls for new ad limits in Market Inquiry response Casino & gamescenter_img The Inspectorate welcomed the introduction of a gaming software licence, but added that it should not be required to manufacture gambling software, rather only for providing software too an operator. The introduction of permits for licensees was put forward to reduce unlicensed activity. It is also being investigated separately. Regions: Europe Sweden The Inspectorate also stated that requiring “particular moderation” in advertising would be a positive step in enforcing responsible gambling. The Inspectorate responded positively to some aspects the report, but did not agree with its suggestion that anonymised information about customers should be provided to the Inspectorate.“The introduction of such a register would also assume a thorough impact assessment and analysis of its compatibility with the constitutions and Sweden’s international obligations,” responded the Inspectorate. Email Address “A loss limit should also be supplemented with mandatory indication of login time.” added the Inspectorate. Topics: Casino & games Legal & compliance Social responsibility Licensing Responsible gambling It was initially meant to examine additional measures to those outlined in the Gambling Act, but was then amended to include the limitation of responsible gambling advertising. Tags: Spelmarknadsutredningen “It is logical to have the same basic requirements for the marketing of games as on the marketing of alcohol based on the risks associated with the products,” it said. Meanwhile, it questioned the feasibility of many other aspects, including the creation of a state-run portal for all licensed gambling. While the regulator supported proposals such as a licence for software providers and limits on ads, it argued that loss limits should be investigated further before they are implemented, and should apply to various high-risk forms of gambling rather than one vertical.last_img read more

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IPL 2020 : BCCI take tips from ECB for IPL 2020…

first_img– Franchises will organize their own flights. – But even before players and franchise members are allowed to board these flights, everyone will undergo minimum 2 Covid19 tests. Once the results are negative then only they will be allowed to board. – Even after reaching UAE, everyone will undergo 2 more Covid19 test before they are allowed to move out of the Quarantine facility– Minimum numbers of players in the Dressing Room– Drivers, Chefs, Ground Staff, IPL management, Franchise personal, Broadcast crew, BCCI members – all will be part of the IPL 2020 Bio-Bubble. No one will be allowed to breach the bubble created by IPL 2020. – Venturing out in open will be strict no-no for the players IPL Governing Council Meeting on Sunday to decide the scheduleMeanwhile the long awaited IPL GC meeting will now take place on Sunday via a teleconference. The IPL GC will decide the schedule for the event.  IPL 2020 : BCCI take tips from ECB for IPL 2020 SOP’s, IPL players to undergo 4 Covid19 tests Cricket BCCI will now create its own bio-bubble for IPL 2020 after tips from ECB. WTC Final Day 3 LIVE Score: Devon Conway smashes fifty; R Ashwin gets Latham- NZ 99/1 (44 ovs)- Follow Live Updates The ECB showed the global cricket fraternity on how to play and organize international cricket in the middle of Covid19 threat. The three test series between England & West Indies has been successfully completed and on Thursday 3 ODI match series starts followed by series against Pakistan.  PSL 2021 Eliminator 1 PES vs KAR LIVE: best way to watch Peshawar Zalmi vs Karachi Kings Live Streaming in your country, India, Follow Live update IPL 2020 Bio-Bubble : 4 Covid19 tests for the players before they join camp Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore The franchises, broadcasters and other stakeholders are all waiting for SOP’S for IPL 2020 from the BCCI’s side. InsideSport has learnt that the same will be handled to them post the IPL GC Meeting on this Sunday.  By Kunal Dhyani – July 30, 2020 ENG-W vs IND-W: Sneh Rana reveals England sledged a lot but we did not pay attention by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeIPL 2020: Bad news for Sunrisers Hyderabad’s Jonny BairstowUndoFree Fire Redeem Codes for April 13th, Best ways to Redeem themUndoGarena Free Fire: Top Three App tricks to earn Free Diamonds in Garena Free Fire OB28 VersionUndoIt is reliably learnt, that their will be only few exceptions to the earlier released schedule for IPL 2020 in the month of February. This means the first game between Chennai Super Kings and Mumbai Indians will still be the first match of IPL 2020 in UAE. Post the IPL GC meeting, teleconference with the franchises and broadcaster Star India is also getting scheduled. Keep following InsideSport.co for all the updates on IPL 2020 Latest Sports News To create Covid19 proof BIO-BUBBLE for IPL 2020, the Board of Cricket Control of India (BCCI) is taking tips from the England & Wales Cricket Board (ECB). InsideSport has learnt, BCCI through its interim CEO Hemang Amin reached out to ECB’s officials to learn more about the BIO-BUBBLE created by ECB. BCCI will be incorporating those learnings in the Standard Operating Procedures (SOP’s) currently being created for IPL 2020 in UAE.“ECB has done tremendous job by successfully organizing the West Indies tour of England. We want to pick their learnings for IPL 2020”, informed a BCCI source.  Euro 2020, Switzerland vs Turkey LIVE: Shaqiri doubles Switzerland’s lead after Seferovic opener at HT; Follow Live Updates YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinition|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesEnjoy Affordable Freight & Shipping Services With These Service ProvidersFreight & Shipping Quotes | Search Ads|SponsoredSponsoredUndo Cricket WI vs SA 2nd Test Day 3 Live: Roach removes Markram in the first over; SA 15/1 (4.5 ov)- Follow Live Updates Football Cricket PSL 2021 Qualifier 1 ISL vs MUL LIVE: best way to watch Islamabad United vs Multan Sultans Live Streaming in your country, India, Follow… Football Share on Facebook Tweet on Twitter According to few reports – players and franchises will have to follow strict guidelines as they enter  IPL 2020 BIO-BUBBLE. The players will have to undergo multiple Covid19 tests even before they reach UAE.  Cricket WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video RELATED ARTICLESMORE FROM AUTHOR BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check CricketIndian premier leagueIndian premier league 2020Latest Sports NewsSport Cricket Facebook Twitter Cricket Cricket TAGSBCCI – IPL 2020 ScheduleEngland & Wales Cricket BoardIndian Premier LeagueIPL 2020IPL 2020 BIO-BUBBLE SHARE Euro 2020, Italy vs Wales LIVE: Wales begin second half in hope of equalizer; Follow Live Updates Previous articleSports Business : Trouble in DAZN world, company exiting Serie A and Champions league rightsNext articleSerie A Live : Juventus crashes to a humiliating defeat, AC Milan wins Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. The Indian Premier League (IPL 2020) in UAE will have shades of what the fans witnessed during the England vs West Indies series. last_img read more

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MCB Group Limited (MCBG.mu) Q12004 Interim Report

first_imgMCB Group Limited (MCBG.mu) listed on the Stock Exchange of Mauritius under the Financial sector has released it’s 2004 interim results for the first quarter.For more information about MCB Group Limited (MCBG.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the MCB Group Limited (MCBG.mu) company page on AfricanFinancials.Document: MCB Group Limited (MCBG.mu)  2004 interim results for the first quarter.Company ProfileMCB Group Limited is a financial holdings company that, together with the several subsidiaries running under it, operates in three clusters; banking, non-banking financial and other investments. The non-banking financial sector is involved in factoring and leasing while the MCB Capital Markets Limited offers services such as corporate finance advisory, asset management, stockbroking, private equity and registry. The Group also assists micro and small entrepreneurs. The services offered by the company include, offers current, savings, and foreign currency accounts; fixed and term deposits; personal, educational, motor, green, and housing loans; term loans; and working capital finance, term funding¸ structured finance, private equity finance, and leasing services, as well as credit and prepaid cards. MCB Group Limited is listed on the Stock Exchange of Mauritius.last_img read more

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NCBA Group PLC (NCBA.ke) 2006 Annual Report

first_imgNCBA Group PLC (NCBA.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2006 annual report.For more information about NCBA Group PLC (NCBA.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the NCBA Group PLC (NCBA.ke) company page on AfricanFinancials.Document: NCBA Group PLC (NCBA.ke)  2006 annual report.Company ProfileNCBA Group Plc is a financial services institution in Kenya offering banking products and services for the retail, commercial and corporate sectors. It also offers stock brokerage, bancassurance, leasing and investment banking services through operations in Kenya, Tanzania and Uganda. Its full-service offering ranges from transactional banking products and services to unsecured and secured loans, secured diaspora loans, property purchase loans and insurance premium financing as well as asset-based lending, capital expenditure loans and construction loans. NIC Bank Limited offers institutional banking services to non-government organisations, diplomatic missions and their affiliate donor/aid entities as well as government institutions, multi-nationals, domestic corporates and medium- to high-net worth individuals. Formerly known as NIC Bank Limited, the company changed its name to NIC Group Plc in 2017. Its head office is in Nairobi, Kenya. NCBA Group Plc is listed on the Nairobi Securities Exchangelast_img read more

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Aluworks Limited (ALW.gh) 2009 Abridged Report

first_imgAluworks Limited (ALW.gh) listed on the Ghana Stock Exchange under the Engineering sector has released it’s 2009 abridged results.For more information about Aluworks Limited (ALW.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Aluworks Limited (ALW.gh) company page on AfricanFinancials.Document: Aluworks Limited (ALW.gh)  2009 abridged results.Company ProfileAluworks Limited is an aluminium continuous casting and cold rolling mill in Ghana. It supplies high-quality aluminium coils, discs, flat sheets and sheet-in-coil raw material to small- and medium-scale factories throughout the West African sub-region. These factories manufacture household cooking utensils, corrugated roofing sheets and general fabrication products. The company also offers technical advice and support to establishments setting new manufacturing factories, assist during trial runs with sample material and supply raw material for full production. Aluworks Limited’s factory has been operational since 1985 with an installed capacity of 10 000 metric tons of various aluminium products and a plant capacity of some 30 000 metric tons per annum. Aluworks Limited was incorporated as a public limited liability company in 1996. Aluworks Limited is listed on the Ghana Stock Exchangelast_img read more

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