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MARTIN ON THE MARKETS

first_img Show Comments ▼ Share 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap whatsapp AFTER the extreme volatility experienced last week in the equity, forex and commodity markets, following on from the disastrous earthquake, tsunami and ensuing nuclear crisis in Japan, we look set to take another hit on the open this morning, on the first day of trading after military action was launched against Libya after a ceasefire was broken by Gaddafi.In out-of-hours trading, GFT is forecasting the UK’s FTSE 100 index to open down 12 points from Friday’s close at 5,706. The German DAX is quoted to open down 15 points at 6,649 and the French CAC is called down 10 points at 3,800.The European bourses had their biggest weekly drop since July in the aftermath of the tragedy in Japan. Despite a joint intervention by the G7 in the foreign exchange market for the first time since 2000 in a successful attempt to halt Japan’s soaring currency, investors are unlikely to rush back into equities just yet. The uncertainties surrounding unrest in the Middle East and North Africa are still very much a factor, not least the anxiety that the UK could be entering a prolonged drawn-out war following the commencement of an air assault on Libya by the Allies. Investors will be watching developments closely for news of any retaliation. The UK budget is announced on Wednesday, and although Chancellor Osborne is unlikely to introduce any material changes to existing policy, there is scope for some surprise by way of a rumoured fuel duty stabiliser or even merging income tax and National Insurance. Elsewhere a plethora of economic data from the US is scheduled for the next few days, with existing and new home sales, durable goods orders, jobless claims and finally GDP on Friday all adding to the volatile mix.Martin Slaney is director of global dealing operations for GFT. MARTIN ON THE MARKETS center_img whatsapp 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 TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todayautooverload.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 KCS-content Tags: NULL Sunday 20 March 2011 10:55 pmlast_img read more

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Companies face £7 trillion debt pile due in five years

first_img whatsapp Share Show Comments ▼ whatsapp Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailPeople 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 TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Sunday 20 March 2011 10:49 pmcenter_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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap KCS-content INDEBTED companies face a scramble for capital as they try to refinance $11.5 trillion (£7.15 trillion) of loans globally in the next five years, a report showed today.But the supply of capital is likely to be limited, as banks hold nearly $6 trillion of maturing debt and will be negotiating their own refinancing efforts alongside raising extra regulatory capital, Deloitte’s “A tale of two capital markets” study found.UK banks alone hold £500bn of wholesale term debt due for renewal by the end of 2012 and need to raise their core Tier 1 capital ratios to seven per cent by 2013 to comply with the Basel III ruling.The collapse of markets for debt instruments such as collateralised debt obligations has also hampered banks’ efforts to lend. “Increased regulatory pressures will constrain banks’ abilities to fund their lending activities as cheaply as before, and will require greater capital to be held against liabilities,” said Deloitte partner and head of debt advisory, James Douglas. Almost two-thirds of the debt owed by global banks is due by 2015. A spike in highly-leveraged buyout and takeover deals in 2006 and 2007 immediately before the financial crisis has left many companies burdened with high levels of bank debt on five-year maturity cycles. Companies face £7 trillion debt pile due in five years last_img read more

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Micro Focus surges after mystery bid

first_img whatsapp Micro Focus surges after mystery bid by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBrake For ItThe Most Worthless Cars Ever MadeBrake For ItMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm Oracle Micro Focus International saw its shares surge more than 10 per cent yesterday after it confirmed it has received a preliminary approach for the company.The potential bidder was not named but Micro Focus has often been seen as a target for a private equity buyer, or for US firms IBM, Oracle or Microsoft. Another potential buyer could be Germany’s SAP, which it was linked to earlier this year.A company statement said: “Micro Focus confirms that it has received a very preliminary, non-binding approach in relation to a possible offer for the company. “The board is currently considering its response to the approach. There is no certainty that any formal offer for the company will be forthcoming nor as to the price at which any offer might be made.“As a result of this approach the company is suspending its buyback programme until further notice.”The embattled business saw its chief executive resign earlier this month after issuing a number of profit warnings in the last year.Nigel Clifford stepped down with the firm struggling to overcome weak demand and problems with its software testing arm.Earlier this year Micro Focus announced it would undertake a share buyback programme for up to £60m of its stock, funded out of the company’s existing cash balances and available debt facilities.In February its shares plunged 26 per cent after it said that it would lose some large mainframe deals in its third-quarter and would not be able to make up the shortfall in the remaining three months of its financial year. Last summer it was also hit by the departure of chief financial officer Nick Bray.ADVISER: NUMISSIMON WILLISNUMISNUMIS Securities and UBS, Micro Focus’ retained advisers, are acting as joint book-runners on the bid.Simon Willis is heading up the team for Numis. Willis has been involved with the Micro Focus account for some time and has advised the technology firm on its recent share buyback programme, which has been halted while the bid is considered. Alex Ham also advises Micro Focus for Numis.Adrian Haxby is heading up the team for UBS. Haxby is a managing director in UBS Investment Bank where he runs the UK mid cap corporate broking and advisory team. He has worked in London, Paris and Frankfurt, advising on M&A, rights issues, IPOs and other capital raising for listed firms.In 1985 he moved to SG Warburg, which is one of UBS’ principal constituent firms in the UK.He read Classics & Modern Languages at Oxford University before joining PwC in 1981.He is a member of the UBS Community Affairs Committee. Share Show Comments ▼ Tuesday 26 April 2011 8:39 pm whatsapp Tags: NULL KCS-content last_img read more

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Danish market growth slowed by land-based decline in Q3

first_img Danish market growth slowed by land-based decline in Q3 Regions: Europe Nordics Denmark Danish gambling regulator Spillemyndigheden has reported a 9.7% increase in market revenue for the third quarter of 2018, though the continued declines of the gaming machine and land-based casino verticals is slowing market growth.While total revenue across online betting, online casino, land-based casinos and gaming machines was up year-on-year for the three months ended September 30th, rising to DKK1.62bn (£193.9m/€217.6m), this represented an 0.4% decline from the prior month.This was largely down to a drop in gaming machine gross gaming revenue, which fell 6.5% from Q3 2017 to DKK344.6m, and a 14.0% fall in casino revenue to DKK81.8m.In contrast to these land-based struggles, the regulated online verticals continue to thrive. Online wagering benefitted from the final rounds of the Fifa World Cup – despite Denmark being knocked out the tournament on the first day of Q3 – to report a 13.5% increase in GGR to DKK653.1m.Online sports betting has also had its revenue total bolstered by the inclusion of horse racing betting, which has been added to the vertical from the second quarter of the year. This follows the opening-up of betting on horse racing, which had been a monopoly product operated by Danske Spil since the market was re-regulated in 2012, to all licensed operators in January 2018.However, Spillemyndigheden noted, horse racing continued to see revenue and market share decline in 2017, with figures for 2018 not yet available.Online casino also enjoyed a strong Q3, with revenue climbing 19.9% to DKK544.7m, due primarily to the popularity of slots, which accounted for 63.1% of total casino GGR for the quarter. Coupled with growth in table games GGR, this offset marginal declines in revenue generated from online poker and bingo.Spillemyndigheden also provided an update on the country’s lottery market, which is still operated as a monopoly by Danske Spil, and due to different reporting periods, only annual results for the vertical are published. For 2017, the most recent figures provided, the vertical generated an estimated GGR of DKK3.1bn across the Klasselotteriet, Varelotteriet, and Landbrugslotteriet products.While this makes it the largest single vertical, with market share of around 33.7%, this has declined from 35.1% in 2016. The regulator said that this was largely down to players shifting to online wagering and casino.There has also been significant growth in the number of players to self-exclude from gambling, via Spillemyndigheden’s voluntary self-exclusion register ROFUS. By November 2018, 16,704 players has self-excluded, with 11,360 (68%) permanently blocking any access to gambling sites. Subscribe to the iGaming newsletter Email Address Continuing growth of online casino and sports betting partially offset by decline in land-based casino and gaming machine revenuecenter_img Topics: Finance 6th December 2018 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Financelast_img read more

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i-pools launches fantasy racing game after investment round

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Social pool betting operator i-pools has launched a new, free-to-play fantasy horseracing game with a jackpot prize of £1m (€1.2m/$1.3m), while Matt Steer has been named chief executive of the business, after it closed a new funding round.The new game challenges players to correctly predict the winner of a series of races at this year’s Cheltenham Festival, which runs from March 12-15.The game will be distributed across the i-pools network to clients, with the main jackpot available to any customer of i-pools or its clients.i-pools will run the game in partnership with RISQ and its iGaming Insurance Platform iGiP, which manages over £40m worth of jackpot games with i-pools.The 2019 Cheltenham Festival is the first edition of the event since the expiry of the Tote monopoly on UK horseracing. To mark the occasion, i-pools will also increase the weekly prize fund for its £1 daily fantasy racing pools to a minimum of £3,500.i-pools will launch the game after it completed another round of investment, with the new funds to used support its continued development and growth.Shortly after closing this latest round, i-pools announced Matt Steer, former head of sportsbook at Coral, as its new CEO.Speaking about joining i-pools, Steer said: “i-pools has built a very powerful and versatile pools based gaming platform capable of delivering a virtually unlimited variety of game formats across any sport or live event for any kind of client, be it betting or free-play, white label or integrated solution.“I’m delighted to be taking the reins and we already have a number of very exciting partnership opportunities in the pipeline.”Image: Carine06 Social pool betting operator i-pools has launched a new, free-to-play fantasy horseracing game with a jackpot prize of £1m (€1.2m/$1.3m), while Matt Steer has been named chief executive of the business, after it closed a new funding round. Subscribe to the iGaming newsletter Topics: Casino & games Sports betting Tech & innovation Social gaming DFS i-pools launches fantasy racing game after investment round 7th March 2019 | By contenteditor Tags: Fantasy Sports Online Gambling Email Address Casino & games Regions: UK & Irelandlast_img read more

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Sportsbet fined over illegal gaming ad in New South Wales

first_img Email Address Tags: Online Gambling Sportsbet fined over illegal gaming ad in New South Wales 27th March 2019 | By contenteditor Regions: Oceania Australia Australian online gambling operator Sportsbet has been issued with a fine of Aus$10,000 (£5,350/€6,290/US$7,090) by authorities in New South Wales after being convicted of posting an illegal gambling advertisement on its website.The prosecution comes as a result of an investigation by Liquor & Gaming NSW into an advert that appeared on the Sportsbet.com.au website on July 5, 2018.The ad featured cartoon images of two males with their thumbs up, accompanied by the text, “Refer a Friend – Get a $100 Bonus Bet for every friend you refer to join sportsbet.com.au (excl. VIC, NSW, WA & SA) Terms and Conditions”.New South Wales law prohibits gambling ads that offer “any inducement to participate, or participate frequently, in any gambling activity (including an inducement to open a betting account)”.As ordered by the Magistrate who oversaw the hearing at Downing Centre Local Court on March 7, Paddy Power Betfair-owned Sportsbet will now pay the fine, plus Aus$7,300 in legal costs.The Magistrate said there was a need for a penalty to act as a general deterrent for all gambling operators and ensure they are vigilant in complying with state laws.Under new state laws that came into effect last July, operators found guilty of breaching bonus as measures can face fines of up to Aus$55,000, while company directors can be criminally prosecuted. The idea is to close loopholes whereby operators have used fine print exclusion clauses to avoid prosecution.Liquor & Gaming NSW guidelines specially name bonus bets as advertising that would be considered in breach of state laws. The authority said such bonus bets are “capable of persuading or encouraging a person to participate in gambling activity including to open a betting account”. Legal & compliance Australian online gambling operator Sportsbet has been issued with a fine of Aus$10,000 (£5,350/€6,290/US$7,090) by authorities in New South Wales after being convicted of posting an illegal gambling advertisement on its website. Topics: Legal & compliance Marketing & affiliates Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

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North Carolina sports betting bill passed by Senate

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter A bill to legalise sports betting on tribal lands in North Carolina has been passed by the state Senate, and transferred to the House of Representatives.S154, introduced by Republican Senator Jim Davis, would allow tribal gaming facilities to offer sports betting alongside other forms of gambling currently permitted under existing compacts with the state.It was passed by the Senate at its second reading, with 43 Senators voting in favour and seven against.This means the Eastern Band of Cherokee Indians, currently the only tribe that has agreed a compact with the state, would be able to launch sports betting on its lands should the House, and Governor Roy Cooper, approve the legislation.It states that sports wagers must be placed on Indian lands that are already permitted to conduct Class III (casino) gaming activities. Betting on horse racing, which has also been added to S154, must also be conducted under the same conditions.This would suggest that legal wagering would be restricted to the Eastern Band of Cherokee Indians’ Caesars Entertainment-operated Harrah’s Cherokee Casino Resort on the Qualla Boundary in Cherokee and Harrah’s Cherokee Valley River Casino & Hotel in Murphy.However, in New Jersey, online betting and gaming has been facilitated by assuming that all bets are placed and settled within casino walls as long as servers are located on premises.The market could expand, with the Catawba Indian Nation having put forward plans to build a new tribal casino in Kings Mountain.There is currently no tax rate set out in the bill, which requires the state to agree a new tribal gaming compact with any eligible operator before they could launch legal wagering. A revenue share deal would have to be determined as part of this compact.Revenue raised through sports betting would be paid into the Indian Gaming Education Revenue Fund, which would be established through S154.Currently the Eastern Band of Cherokee Indians pays 8% of live table games revenue to North Carolina, per a 2012 compact.The bill is yet to be assigned a House committee, though there is no statutory or constitutional requirement for when the regular session must end.Image: Paul Hamilton Email Address Casino & games Tags: Mobile Race Track and Racino 11th April 2019 | By contenteditor Topics: Casino & games Sports betting Tribal gaming Horse racing Regions: US North Carolina Subscribe to the iGaming newsletter A bill to legalise sports betting on tribal lands in North Carolina has been passed by the state Senate, and transferred to the House of Representatives. The bill passed at the second reading, with 43 Senators voting in favour and seven against. North Carolina sports betting bill passed by Senatelast_img read more

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Alleged mobster charged with attempted match-fixing

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Alleged mobster charged with attempted match-fixing Legal & compliance A US District Court in the Eastern District of New York has charged an alleged organised crime family member with attempted sports bribery and a host of related offenses related to Mafia activity. 8th October 2019 | By contenteditorcenter_img A US District Court in the Eastern District of New York has charged an alleged organised crime family member with attempted sports bribery and a host of related offenses related to Mafia activity.According to a court filing, the attempted sports bribery charge was in relation to a National Collegiate Athletic Association Division I men’s basketball game in or about December 2018.The court ruled defendant Benjamin Bifalco, together with others, knowingly and intentionally attempted to influence a sporting contest with briberyCourt-authorized wiretaps captured the defendants, with 25-year-old Bifalco having offered members of a college basketball team thousands of dollars to intentionally lose the game.Read the full story on iGB North America. Regions: US New York Topics: Legal & compliance Sports betting Email Addresslast_img read more

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Working from home securely

first_img Subscribe to the iGaming newsletter Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter iGB’s technology columnist Vigne Kozacek interrupts his series on DDoS attacks to provide readers with a run-down of how to maintain the highest cybersecurity standards when working remotely Tags: Mobile Online Gambling Email Addresscenter_img iGB’s technology columnist Vigne Kozacek interrupts his series on DDoS attacks to provide readers with a run-down of how to maintain the highest cybersecurity standards when working remotelyNovel coronavirus (Covid-19) has impacted every one of us in some way shape or form. Not least of all by forcing many people to work from home instead of traveling to the office and to practise social distancing when you do venture out for your daily exercise, to do some shopping or to collect medicines.While there are a vast number of things that need to be considered when working from home, I am going to focus on maintaining a secure working environment and protecting yourself (and your employer) while working remotely.Let’s face it, many companies and employees are struggling to adjust to this new way of life, even if it is only temporary, many companies are being forced to make some tough decisions.Cyber criminals, however, are accustomed to working like this and have thrived in these conditions for many years.In addition, they have stepped up their activities since this all started, simply because there are so many more targets out there now with all these employees working from home and they are by their very nature “opportunists”.Having staff work from home isn’t a new concept and most companies will have policies and procedures in place for staff whom already worked from home either part time or on a full-time basis before the outbreak.However, not all staff are fully trained on the dangers, and far too often these policies are reliant on well-developed systems being in place and adequately managed usually by staff who are in the office.What we are left with is a large proportion, if not all staff, now trying to carry out their usual day to day duties from outside of your organisation.As a result many companies have put the safety and security of their digital infrastructure in the hands of a personal computer.Potentially one with an expired antivirus and poor, if any, security software installed on it as well as a £50 ISP-provided router which has very little security capabilities.These generally highly insecure computers, and staff with little or no security training now have direct access to the heart of your organisation, resulting in digital assets being vulnerable and the risk of a breach increases exponentially.I have no doubt that you have heard the saying “you are only as strong as your weakest link” this is more relevant than ever.Okay, so there is a higher risk! How do we address these issues?The ideal scenario, if there can be one in this situation, is for staff to use company supplied equipment that is restricted to only use company authorised systems which the company has control.Yes, that means no Facebook, no personal email or unfiltered web browsing through corporate systems via a virtual private network (VPN).While this is the ideal scenario, we of course understand that the lockdown blindsided many businesses and most would not have been prepared for this despite having disaster recovery and business continuity plans in place.Having a few remote workers and having a majority, if not all of your workforce working remotely is something else entirely.The capital and manpower required to acquire laptops and set up the infrastructure would have been heavily restricted by the lockdown.Many suppliers, being in the very same situation have themselves, struggled to keep up with demand, meaning the knock-on effects have been immense.As a result, many critical parts of your remote working security policies are likely to have been overlooked in the scramble to maintain business continuity and productivity.Now would be a good time to conduct a review of your disaster recovery and business continuity plans Contact your usual suppliers and have them conduct a thorough penetration test on all the exposed areas of your network.Even if you have had one done recently, more holes could have been opened up while setting up remote access for your staff. According to IBM, the average amount of time it took for an organisation to discover that they had been compromised is 206 days.Conduct a full suite of penetration tests on all the exposed areas of your network According to a recent report published by Symantec, 48% of malicious email attachments were Microsoft Office files.As attacks become more and more sophisticated and legitimate communications are easily disguised to appear as though they have originated from a legitimate source, it is critical that staff know how to recognise the difference.It is not beyond would-be attackers to use LinkedIn or even your own company website to construct an organisation chart of your company complete with reporting lines.They could then send spoofed emails to subordinates with malicious attachments and/or content used for phishing purposes.This could well be more effective, especially now while it is no longer possible to just pop over to someone’s desk and verify that they have sent a questionable email or message. Security awareness training for all staff is critical at the best of times and now it is extremely important that staff are given updated security awareness training.This can be done online and there are many reputable companies out there that can facilitate this.I would highly recommend that you conduct surveys of your staff before and after the training to measure the impact and to ensure you are achieving the appropriate standards which can be easily achieved by your IT security team using a platform like Survey Monkey.Update and ensure staff undergo security awareness trainingVigne Kozacek has more than 25 years’ experience of managing information technology operations and business activities, predominantly in the gaming industry. With a career base including Camelot, Boylesports and William Hill, he has successfully delivered and managed positive change programmes including merger support and solution acquisitions. 28th April 2020 | By contenteditor Working from home securely Topics: Tech & innovationlast_img read more

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Swedish lottery rebounds in April, but lags behind 2019

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Swedish lottery revenue bounced back in April after a difficult March, but remained 9% below revenue from April 2019, according to the latest figures from the country’s gaming Authority (Spelinspektionen). Email Address 22nd June 2020 | By Daniel O’Boyle Swedish lottery rebounds in April, but lags behind 2019 Tags: Online Gambling Topics: Casino & games Legal & compliance Lottery Sports betting Casino & games Subscribe to the iGaming newsletter Regions: Europe Nordics Sweden Swedish lottery revenue bounced back in April after a difficult March, but remained 9% below revenue from April 2019, according to the latest figures from the country’s Gambling Inspectorate (Spelinspektionen).The data forms part of the monthly reports Spelinspektionen were commissioned to produce during the novel coronavirus (Covid-19) crisis and was obtained through operators’ tax returns.Spelinspektionen said that while revenue for lotteries declined year-on-year, things looked much brighter than in March, when revenue fell almost 50% year-on-year.Revenue for land-based commercial games, such as restaurant casinos, fell by 46% year-on-year in April.The regulator had already provided online betting and gaming revenue for April in its report last month, but revised this figure from a 5.4% decline to a 3.0% decline after receiving data from more operators.However, most online betting and gaming operators in Sweden saw revenue fall in May 2020 compared to May 2019. A total of 20 operators reported a decline in figures obtained through operators’ tax returns, while 16 reported an increase in revenue. In both March and April, more licensees reported increased revenue than decreased, despite overall betting and gaming revenue falling in both months.The regulator also noted that as of 14 June, 52,026 people were registered with national self-exclusion register Spelpaus. This was up from 51,674 on 14 May, but Spelinspektionen said the number of new sign-ups had slowed.Swedish online casino operators are currently preparing to implement new controls including a SEK5,000 (£401/€459/$495) weekly deposit limit and a SEK100 cap on bonuses. The rules will come into effect on 2 July, and were originally intended to cover all forms of gambling before being amended to apply only to casino games.These rules have been received negatively by stakeholders across the Swedish gambling industry, as well as the European Gaming and Betting Association (EGBA). Spelinspektionen, meanwhile, said the rules could benefit illegal operators rather than enhancing player protection and said they could prove difficult to implement by 2 July.last_img read more