JJB loses links to the Jones family as Sir David’s son quits

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanReporter center[Photos] Meet The Man Katie Couric Is Romantically Involved With In 2021Reporter centerBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirror whatsapp Share Show Comments ▼ Tags: NULL Thursday 12 August 2010 8:27 pm THE JONES family ties with high street retailer JJB Sports have come to an end, as it emerged yesterday Stuart Jones has quit his post as marketing manager. Jones’ father, former JJB chairman Sir David Jones, stepped down from his role as non-executive director on 28 July due to ill health. Stuart is understood to have followed just days later. Insiders suggested yesterday that Jones junior had been sacked, after a management shake-up at the firm in the wake of Sir David’s departure. However, a company spokesman insisted he had resigned. “I’m sure he will have a fruitful career in whatever he does next,” he added. Jones junior has worked for several family businesses including consultancy firm Retail Gateway, where he courted controversy in 2008 after being asked to write a six-month review of JJB’s online business. His father had been appointed as a non-executive director at the sports firm just months earlier, while his mother worked as company secretary for the consultancy. Keith Jones (no relation) was hired by JJB as chief executive in March, to try and stem heavy losses at the high street retailer. center_img KCS-content JJB loses links to the Jones family as Sir David’s son quits Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot whatsapplast_img read more

Ratings agencies under scrutiny as penalties for mistakes mulled

first_img Ratings agencies under scrutiny as penalties for mistakes mulled Share KCS-content EUROPEAN Union (EU) finance ministers will discuss this week how they might penalise rating agencies that pass inappropriately harsh judgment on countries, a senior EU politician said yesterday.Building on remarks that he wants a new EU markets watchdog to be able to fine rating agencies, Didier Reynders, the finance minister of acting EU president Belgium, said: “It must be possible to penalise. If after some weeks or months it is possible to say it (a downgrade) was a wrong signal, what is the responsibility of the rating agency?“It is quite difficult to say that there is no responsibility if it is possible to prove it was a wrong analysis, a wrong signal.” whatsapp 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comcenter_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Tuesday 28 September 2010 11:16 pm Show Comments ▼ whatsapp Tags: NULLlast_img read more

Strong US sales and Ratiopharm drug boost Israeli generic drugs maker Teva

first_img whatsapp Tuesday 2 November 2010 9:29 pm KCS-content whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ Strong US sales and Ratiopharm drug boost Israeli generic drugs maker Teva Share Teva Pharmaceutical Industries, the world’s biggest maker of generic drugs, posted higher quarterly net profit that beat expectations, boosted by strong US sales and its acquisition of Germany’s Ratiopharm.Third quarter sales in North America rose 22 per cent to $2.72bn while generic sales in the US jumped 34 per cent to $1.63bn, Israel-based Teva said yesterday.Teva attributed the increase to the exclusive launch of a generic version of Wyeth’s $2.75bn-a-year antidepressant Effexor XR in the quarter as well as strong sales of generic drugs launched in previous quarters.The results also reflected strong sales of Copaxone, Teva’s leading branded treatment for multiple sclerosis, it said.Quarterly earnings excluding one-time items rose 46 per cent to $1.30 a share while sales rose 20 per cent to $4.25bn. Exchange rates stripped out $122m in the quarter compared with a year ago though the effect on operating profit was negligible, Teva said.Analysts on average expected Teva to earn $1.27 a share on sales of $4.37bn. Tags: NULLlast_img read more

A tip for regulators: no risk means no gain

first_img Share KCS-content A tip for regulators: no risk means no gain Tags: NULL Sunday 7 November 2010 8:25 pmcenter_img whatsapp This time last year, in my first column for City A.M., I cautioned that efforts to restore public confidence in parts of the financial services industry would be a marathon, not a sprint.Now that I approach the finish line marking the end of my tenure as Lord Mayor, I am glad to see the City has taken major strides towards addressing the lessons of the financial crisis.A keenly contested general election, relatively high unemployment and a patchy global economic recovery have made for a difficult political environment over the past year.The industry has nonetheless worked in close partnership with policymakers on macro-prudential reform to examine how we can serve our clients – and ultimately the nation – better. Our task, together with regulators, is to be the best at managing the risks we take. In this light, it is positive that British banks are already well placed to meet their Basel III capital requirements. Regulation and oversight are part of the solution. What the City needs in this area is certainty, clarity and consistency. That is good for business and the country. It is worth remembering, however, that we are actually capitalists. And this means taking risks, because no risk means no gain. A typical response to previous crises has been to increase the number of regulators and reams of regulations. This approach has not worked in the past and nor will it this time. Law and regulation in themselves cannot drive the actions of financial institutions and their staff. That can only come from the culture of individual organisations.This has been a recurring theme during my time in office. I started this year with an event on ethical investing, took part in an event on corporate governance and ethics in the Square Mile, and then hosted a lecture by Stephen Green.And last month, City leaders came together at Mansion House for a debate on how institutions can promote strong internal cultures and engage with the wider community as part of an industry-wide effort to rebuild trust. We must be sensitive to these issues, and others like bonuses. But the City operates in an increasingly competitive international marketplace and policymakers should look to secure consensus with major G20 rivals rather than act in isolation.My overseas business visits as Lord Mayor – 35 cities, in 21 countries – have shown me that the City continues to be held in high esteem globally. We cannot, however, afford to be complacent. The danger is that rapidly developing markets in Asia and Latin America could edge ahead of us if we get reform wrong.So as I prepare to pass on the baton to the 683rd holder of this great office, Alderman Michael Bear, we must continue sprinting towards the line in order to defend the City’s status as a national and international asset.Nick Anstee is Lord Mayor of the City of London Show Comments ▼ whatsapplast_img read more

Regal confirms bid approach

first_img KCS-content Regal Petroleum said yesterday it was in the early stages of takeover talks with suitors, sending shares in the troubled oil explorer soaring.The company, which has suffered a series of setbacks this year after disappointing well results in Ukraine, said it had received a number of approaches after it announced plans for a strategic review and the departure of its chief executive. Shares in Regal, which have fallen 86 per cent since the beginning of the year, surged to gain 46 per cent yesterday to 18.3p, valuing the company at about £39.5m.“The background is they’ve got more cash than the current market cap,” one analyst, who did not wish to be named, said of the firm’s potential appeal. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp Thursday 25 November 2010 8:14 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center Regal confirms bid approach center_img whatsapp Show Comments ▼ Share Tags: NULLlast_img read more

Yields fall in Spanish and Greek auctions amid cautious optimism

first_img 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 ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo KCS-content Tuesday 15 February 2011 8:26 pm BORROWING costs for Spain and Greece fell yesterday at treasury bill sales, a sign of cautious optimism that Europe will eventually deal with its debt crisis despite policymakers’ slow progress towards new measures. The yield on Spain’s 12 and 18-month bills fell as much as 50 basis points compared to auctions in January, a mark of broadly better market sentiment. The Treasury sold €6.2bn of 12- and 18-month T-bills, the high end of its targeted range. The 13-week Greek bill yield fell to 3.85 per cent but the premium demanded by investors on secondary markets to hold Greek over German debt widened to 860 basis points, 26 basis points on the day, as uncertainty continued to plague the southern Eurozone economies struggling most with high debt. Share whatsappcenter_img Yields fall in Spanish and Greek auctions amid cautious optimism More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Show Comments ▼ Tags: NULL whatsapplast_img read more

Bede names Butcher as new managing director

first_img Bede names Butcher as new managing director People AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: People Strategy 20th June 2018 | By contenteditor Bede Gaming has appointed Alex Butcher, a founder of the company, as its new managing director. Butcher, previously chief technology officer at the business, assumes control of the leadership team at Bede and will oversee the firm’s ongoing development and growth plans. The move comes after co-founders Michael Brady and Dan Smyth opted to take on more strategic roles at board level following the sale of Intellectual Property & Software Ltd and Rocket X. “Bede’s initial growth phase, where we built the team into a 160 strong workforce and conducted the largest migration in the history of the industry, has provided a firm foundation for growth,” Butcher said. “Our products and team are tried and tested, forging great potential for expansion into new markets. “My primary concern will be to ensure we preserve the fantastic culture that lies at the heart of what makes Bede unique.” Co-founder Brady added: “We’re absolutely delighted that Alex has accepted this position; his laser-like focus and experience in the industry make him the ideal person for the role. “We are confident that he will lead Bede into its next stage of growth with clarity and integrity.”Related article: Bede signs content deal with Pragmatic Playcenter_img Bede Gaming has appointed Alex Butcher, a founder of the company, as its new managing director Tags: Online Gambling Subscribe to the iGaming newsletter Email Addresslast_img read more

William Hill eyes Iowa launch with Prairie Meadows deal

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting William Hill has entered into a new partnership with Prairie Meadows Racetrack & Casino in Iowa in anticipation of the state passing laws to legalise sports betting.The bookmaker will serve as the casino’s official sportsbook operator, subject to the passage of regulations in the state. William Hill will operate an 8,600 square foot sportsbook within the casino, near its existing racing centre. The facility will feature video wall technology for viewing sporting events and live betting odds, in addition to a new bar area. However, work on the sportsbook will not begin until Iowa moves to regulate sports betting, with both William Hill and Prairie Meadows hopeful that legislation will pass in 2019. “We are excited about the prospect of sports betting in Iowa and are thrilled to partner with Prairie Meadows to be ready for the day when sports betting is legal in the state,” William Hill US CEO Joe Asher said. Brad Rhines, senior vice-president and chief strategic officer at Prairie Meadows, added: “Once the legislative process is complete, this innovative partnership will provide many fun and unique sports betting options for our guests.” Last year, Republican Jake Highfill introduced a bill to legalise sports betting at casinos and racetracks in the state, pending a ruling by the US Supreme Court on PASPA. This ruling eventually came in mid-May, with the Supreme Court opting to repeal PASPA and allow states across the US to begin legalising sports betting. However, Iowa’s legislature had already adjourned without passing Bill HF2448 and the state was forced to wait until the next session. This year’s session began on January 14 and bills can be submitted to the Legislative Services Agency from February 15. HF2448 would have allowed betting on both professional and collegiate sports in person and via electronic platforms, with casino sports betting licences priced at $25,000 (£19,400/€22,000), plus a $15,000 renewal fee each year. Licensees would also face a tax of 22% on gross annual sports betting revenue. William Hill had already positioned itself for expansion into Iowa and a number of other states when it struck a wide-ranging partnership with Eldorado Resorts in September last year. The bookmaker agreed to serve as the Eldorado’s exclusive partner in the provision of digital and land-based sports betting services as well as online gaming. At the time, the two companies named Iowa as one of several markets covered by the market access agreement.Image: Max Pixel Subscribe to the iGaming newsletter William Hill eyes Iowa launch with Prairie Meadows deal William Hill has entered into a new partnership with Prairie Meadows Racetrack & Casino in Iowa in anticipation of the state passing laws to legalise sports bettingcenter_img Email Address Regions: US Iowa Topics: Sports betting 17th January 2019 | By contenteditorlast_img read more

Sports betting and online casino drive Danish revenue growth in 2018

first_img Regions: Europe Nordics Denmark Increased consumer spending across sports betting and online casino helped to push gross gaming revenue in Denmark up 5.7% year-on-year to DKK9.74bn (£1.13bn/€1.30bn/$1.46bn) in 2018, according to official figures published by the Danish Gambling Authority (Spillemyndigheden).The 2018 total is up by DKK520m on DKK9.22bn reported in the previous year, as the Danish market was boosted by the 2018 Fifa World Cup, which took place from June 14 to July 15 last year.Gross gaming revenue from sports betting amounted to DKK2.53bn last year, up from DKK2.33bn in 2017, and is representative of 26% of total revenue for the year. Sports betting revenue was at its highest in the World Cup months, with June revenue at DKK245m and July DKK246m.Online casino revenue also increased by 19.5% from DKK1.81bn to DKK2.16bn, with this form of gambling responsible for 22% of the whole regulated market in 2018.However, online casino was boosted last year following the liberalisation of online bingo in January 2018, with this now accounting towards total online revenue for the year.Lotteries, including charity lottery games, remain the highest source of gambling income in Denmark and represent 31% of the country’s market. Revenue for this sector amounted to DKK2.30bn last year, up 6.6% from DKK3.11bn in 2017. Lotto games such as Joker and EuroJackpot accounted for most of the revenue in this sector (DKK2.33bn), while class lotteries placed some way behind in second on DKK413m in revenue. Scratch cards contributed DKK248m in revenue, while keno generated DKK£31m.Elsewhere, Spillemyndigheden noted a year-on-year decline in land-based casino revenue last year, with this figure dropping 5.8% from DKK375m to DKK354m, accounting for just 4% of the overall market.Gaming machine revenue was also down 5.4% year-on-year to DKK1.41bn for the year, representing 14% of Denmark’s gambling market. Spillemyndigheden estimates that there are around 25,000 gaming machines current active across the country.The increase in online gaming activities, in addition to the decline in land-based revenue, means online is now responsible for 54.5% of all gambling revenue in Denmark, compared to 51.5% in 2017.Mobile was the platform of choice for online gaming customers in all but one of the quarters in the past year. Desktop placed just ahead of mobile in Q1 in terms of revenue take, but mobile was higher in the following three quarters. By Q4, mobile held 52.4% of the online market, compared to 49.2% in Q1.Meanwhile, Spillemyndigheden has reported an increase in average weekly gambling spend by consumers over the age of 18, with this figure climbing 6.5% from DKK38.50 in 2017 to DKK41.00 last year. Gambling was most popular with consumers aged between 26 and 35. In terms of protection efforts for players, last year saw more consumers sign up to the ROFUS self-exclusion list, a scheme that allows players to take themselves out of both online gaming and land-based casinos.A total of 17,355 people had registered by the end of 2018, up 35% on the previous year. Of this amount, 11,940, or 69%, have opted for permanent exclusion from gambling in the country.Spillemyndigheden has been aiming to enhance protection measures in 2019, with the regulator successfully petitioning the country’s telecommunications providers to block access to 25 unlicensed gaming websites.The order from Spillemyndigheden was upheld by the Copenhagen City Court, with internet service providers now required to block Danish consumers from accessing 10 igaming sites and 15 skin betting sites.Meanwhile, a new code of conduct for gaming operators active in Denmark was published last month, with the aim of strengthening consumer protection and lowering the risk of gambling addiction in the country.Due to come into force on July 1, 2019, the code aims to set limits and offer tools that go beyond regulatory requirements to help protect consumers.Danish Online Gaming Association developed the code in partnership with the country’s slot machine operator association Dansk Automat Brancheforening, Danish casino operator body Dansk Kasinoforening and the Aarhus-based Royal Casino. Also involved in the creation of the code were lottery operators Danske Lotteri Spil, Klasselotteriet, Landbrugslotteriet and Varelotteriet.Click here to read more about the fourth quarter in the country on the Denmark iGaming Dashboard.Image: Bill Smith Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Increased consumer spending across sports betting and online casino helped push gross gaming revenue in Denmark up 5.7% year-on-year to DKK9.74bn (£1.13bn/€1.30bn/$1.46bn) in 2018, according to figures released by the Danish Gambling Authority (Spillemyndigheden). Sports betting and online casino drive Danish revenue growth in 2018 Topics: Casino & games Finance Lottery Sports betting Tags: Mobile Online Gambling 12th April 2019 | By contenteditor Subscribe to the iGaming newsletter Email Addresslast_img read more

ESSA rebrands as International Betting Integrity Association

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address ESSA rebrands as International Betting Integrity Association 4th June 2019 | By contenteditor Sports betting integrity monitoring body ESSA has rebranded as the International Betting Integrity Association. It has also revealed a sharp decline in suspicious betting alerts generated by tennis over the first quarter of 2019, with the total number of alerts across all sports down 26% year-on-year. Regions: Africa Europe US Legal & compliance Sports betting integrity monitoring body ESSA has rebranded as the International Betting Integrity Association.The name change aims to highlight the operator-funded association’s increasingly international focus, especially the role it plays in raising awareness of betting-related integrity issues worldwide.“The new name communicates who we are, what we do and where we want to be,” International Betting Integrity Association secretary general Khalid Ali explained.“The association has been active across six continents in recent years, with almost half of our alerts coming from outside of Europe,” he said. “This activity will only increase as gambling markets around the world continue to open up to regulation.”“The debate is global and our strategic focus must evolve in line with that.”The association’s non-executive chairman, and head of global trading for Betway, Jon Russell added: “Our members represent a sizeable part of the worldwide regulated betting market and their business strategies reflect global ambitions.“Integrity has become a key regulatory issue in that market debate, with membership of a monitoring body a licensing requirement in some cases,’ he said. “Betting and integrity are now inseparable and I encourage all responsible operators to join us and take advantage of the multifaceted business benefits membership brings.”News of the rebrand coincided with the release of its integrity monitoring figures for the first quarter of 2019. The association’s operators, comprising more than 50 sportsbook brands, feed reports of suspicious activity into its monitoring platform, allowing it to send alerts to its members, sports governing bodies, regulators and law enforcement officials.The first three months of 2019 saw a significant drop in the number of suspicious betting alerts, which fell 26% year-on-year to 37. Alert numbers also declined 55% from the fourth quarter of 2019.This was largely down to a decrease in alerts generated on tennis, which has traditionally seen the highest level of suspicious activity. However, the 17 alerts for the sport represented a 37% year-on-year, and 69% quarter-on-quarter, decline. The 17 alerts was the lowest quarterly total for tennis since Q1, 2017.The bulk of tennis alerts (eight) were generated in Europe, followed by five from Asia, one from Africa and three from North America. Europe, where many of the association’s member operators are headquartered, accounted for 25 of the quarter’s 37 alerts, far ahead of second-placed Asia with seven.While the number of alerts for tennis declined sharply, the sport remains by far the source of most suspicious betting activity. Football, with seven alerts – all from Europe – came in second followed by basketball and badminton, with three apiece. Topics: Legal & compliance Sports betting Strategy Subscribe to the iGaming newsletter Tags: Mobile Online Gambling OTB and Betting Shopslast_img read more