AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: China Regulatory challenges in Sweden led to 500.com’s revenue falling by two thirds during 2019, with the group’s woes continuing into 2020.New York-listed 500.com, the China-headquartered online sports lottery service provider and owner of lottery betting brand Multilotto.com, said full year revenue for the year to 31 December 2019 was down 68.5% year-on-year to RMB39.7m (£4.4m/€5.2m/$5.7m).The year-over-year decrease was mainly attributable to Multilotto operator The Multi Group’s (TMG) website migration in connection with the conversion of its Swedish licence at the beginning of 2019 which required users to re-register their accounts and resulted in a decrease of players. Another negative was the cessation of sports information services in China in March 2019.TMG accounted for approximately 89.7% of the company’s total net revenues during the fiscal year, of which approximately 61.3% was generated from Sweden.The decrease in revenue came after a 73.7% year-on-year rise in 2018, when 500.com benefitted from its first year of income from TMG, which it acquired for approximately $56m in 2017.Operating expenses fell starkly by 24.7% to RMB365.8m, with marketing costs more than halving to RMB42.5m.Operating loss for full year 2019 was RMB634.4m ($91.1m), including the impairment of acquired intangible assets of RMB181.8m and the impairment of goodwill of RMB129.8m. The impairments of goodwill and acquired intangible assets were related to the company’s acquisition of TMG. These impairments represented an 84.2% year-on-year increase to RMB289.9m.Net loss attributable to 500.com for 2019 was RMB636.4m, up 37.% year-on-year.500.com said: “The company does not expect to issue any earnings forecast until it receives clear instructions as to the resumption date of online sports lottery sales from the [Chinese] Ministry of Finance.”Online sports lottery sales were suspended in China by the Ministry of Finance in 2015 over concerns about regulation.Meanwhile, 500.com’s revenues during the first quarter of 2020 have been materially impacted by the temporary suspension of TMG’s operations in Sweden. This occurred in January because TMG did not renew its igaming licence before it expired.“TMG has submitted all the application materials and is in close communication with Sweden’s gambling regulatory authority to complete the renewal process as quickly as possible,” 500.com said.The full-year results did not contain any update on 500.com’s leadership, following the resignation of its chairman and temporary depature of its CEO. In December 2019, the business announced the formation of a special committee to internally investigate alleged illegal money transfers and the role played by consultants in relation to accusations of bribery in Japan. The chairman resigned from the company and chief executive temporarily left his position until the committee reports back. Subscribe to the iGaming newsletter Finance Email Address Topics: Finance Lottery Regulatory challenges in Sweden led to 500.com’s revenue falling by two thirds during 2019, with the group’s woes continuing into 2020. 500.com sees revenue plummet amid Swedish struggles 28th February 2020 | By contenteditor
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Asia Europe Southern Europe Spain Beginning with the 2020-21 season, Asian sports company Kok Sports will become Real Madrid’s official sports betting sponsor in Asia, replacing China-facing operator brand ManBetX. Email Address Real Madrid names Kok Sports as Asian sports betting sponsor 10th July 2020 | By Conor Mulheir Beginning with the 2020-21 season, Asian sports company Kok Sports will become Real Madrid’s official sports betting sponsor in Asia, replacing China-facing operator brand ManBetX.The deal will see Real Madrid and Ko collaborate on “unique content and interactive experiences” for the team’s fans in Asia. It will last for the next three seasons, until 2022-23The news follows an update this week on Spain’s advertising restrictions for operators. Throughout 2020, the Spanish government has imposed a number of increasingly restrictive rules upon the gambling sector, particularly with reference to advertising.Draft regulation published in February saw gambling advertising compared with tobacco products, with the introduction of new restrictions such as: TV and radio advertising to be allowed only between 1am and 5am, although concessions were made at that time for advertising around live sports broadcasts, which was to be allowed for events kicking off between 8pm and 5am.As well as the timing and location of advertising, the content of operators’ promotions also came under fire. Direct inducements to gamble such as “play now “ or “bet now” were banned outright, an no information on live odds was permitted to be shred in adverts around live sports events.It was said at the time that operators could continue to strike sponsorship deals with sports teams, albeit under severe restrictions. For example, in-stadium advertising was to be prohibited. February’s updated regulations also included a ban on using public figures to promote gambling brands.In April, the government went on to further increase advertising restrictions, in an attempt to curb potential gambling related harm during the novel Coronavirus (Covid-19) pandemic. The new from saw advertising restricted completely to its 1am-5am slot, due to the lack of live sport which may otherwise have allowed some advertising from 8pm onwards.Online advertising took a further hit, with individual email communications and direct advertising on social media both prohibited. Operators were furthermore prohibited from running acquisition or retention campaigns offering financial rewards, bonuses, discounts, free bets, odds multipliers, or, seemingly, any promotional product which may induce a customer to gamble.Although these restrictions were temporarily lifted in June, this week the Spanish government submitted more restrictive regulatory amendments to the European Commission. The update removed the exception for advertising around live sport, meaning the vast majority TV and radio advertising must now take place between 1am-5am. The only exception made is for prize draws, which may be advertised between 10pm and 5am, provided the adverts take place around programming not suitable for under-18s. Crucially, Spanish sports teams will no longer be permitted to display gambling operator branding on their team shirts, and operators will also be banned from purchasing naming rights to stadiums, event spaces or competitions. Sports betting Subscribe to the iGaming newsletter Topics: Sports betting
Subscribe to the iGaming newsletter Twin River Worldwide Holdings is to expand its land-based presence into Illinois after agreeing to acquire Delaware North’s Jumer’s Casino & Hotel in Rock Island. Subject to regulatory approvals and other customary closing conditions, as well as a customary working capital adjustment, the transaction is expected to close during the second quarter of 2021. Topics: Casino & games Land-based casino Under the deal, Twin River will pay $120.0m (£93.0m/€102.3m) to purchase the property, financing the acquisition with a combination of cash on hand, cash from ongoing operations and borrowings under a revolving credit facility. Twin River set for Illinois expansion with Jumer’s acquisition Located in Quad Cities in Rock Island, Illinois, Jumer’s has a 40,000sq ft casino floor featuring more than 870 slot machines and 25 table games, as well as a 205-room hotel, an events center, sports bar, nightclub and four restaurants. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Read the full story on iGB North America. Regions: US Illinois Email Address Land-based casino Should the acquisition go through as expected, it would expand Twin River’s land-based network to 13 properties across nine states. 2nd October 2020 | By Aaron Noy
After expenses, earnings before interest, tax, depreciation and amortisation (EBITDA) stood at €6.9m, down from €9.0m in the previous year. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Bet-at-home’s GGR came from betting and gaming turnover of €515.2m, €139.0m of which came from sports betting, with the remainder coming from online gaming. The total gambled with Bet-at-home was down 24.0% from €677.8m in Q1 2020. Betclic Everest-owned online operator Bet-at-home.com has announced its financial results for the first quarter of 2021, showing gross gaming revenue (GGR) of €30.5m, down 5.5% year-on-year. Personnel expenses increased slightly compared to Q1 2020, at €5.0m compared to €4.9m, while other operating expenses were down at €4.7m compared to €5.2m, which the company said was in line with the decline in sales in Germany due to upcoming regulations. Marketing expenses stood at €7.4m for the period, up 12.1% from €6.6m in the previous year. The largest marketing expenses were advertising costs and bonuses, costing around €2.2m each, in addition to €1.5m in sponsorship costs and €1.6m in other advertising expenses. The operator received its German sports betting licence in November 2020, and expects to secure its online casino licence in the jurisdiction later in 2021 after the final state approved the state treaty legalising igaming last week. This left the operator with a consolidated profit of €4.4m, down 24.1% from €5.8m. 4th May 2021 | By Conor Mulheir Bet-at-home said that the reduction in revenue was due to transitional regulation brought into effect in the German market, which meant that operators may offer online casino only if they adhere to the future licensing conditions that will come into effect officially from 1 July. Bet-at-Home’s management board said that from the current perspective, it expects a GGR of between €106m and €118m in the financial year 2021, with EBITDA of between €18m and €22m. Subscribe to the iGaming newsletter Q1 results 2021 German regulations hit Bet-at-home in Q1 as revenue dips to €30.5m Topics: Casino & games Finance Sports betting Online casino Q1 results 2021 Online sports betting Regions: Germany Email Address
TAGS: FijiSamoaTonga Crowd pleasers: Richie McCaw and Steve Hansen are welcomed by fans in Samoa. Photo: Getty Images But why stop at individual countries? The Lions have played in Argentina, Ceylon (now Sri Lanka), Canada and Fiji, the latter trip in 1977 bringing a 25-21 loss and the Fran Cotton quip: “Why couldn’t it have been 14 weeks in Fiji and three days in New Zealand?”Packed house: Samoa fans cram into the stadium in Apia. Photo: Getty ImagesFiji is the only place the Lions have visited without Test success and how fitting had the 2017 tourists tried to rectify that fact on the way to New Zealand, instead of declining Fiji’s invitation as they were “too busy”. New Zealand’s historic trip to Samoa must herald a change in the tour mindset, says RW’s Alan Pearey LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS It took 91 years but at least New Zealand finally got there. July’s short hop to Apia saw them break new ground by playing a Test in Samoa, an occasion that prompted a public holiday for the islanders and a combative match watched by a capacity crowd wreathed in smiles.It was a day when the result was secondary as here was the world’s greatest team connecting with a Tier Two nation on their own soil. The All Blacks wore leis of flowers and learnt a bit more about the heritage of many of their own players, and it begged the question: why not do this more often?For the sad truth is that the pro era has seen too few such initiatives, even though air travel has shrunk the world compared to the days when teams needed a six-week sea voyage to cross hemispheres.Historic Test: All Black Ryan Crotty on the attack against Samoa. Photo: Getty ImagesAustralia and South Africa have never visited Samoa. No Rugby Championship side has been to Tonga. Fiji have fared a bit better, with Aussie and NZ Maori XVs making sporadic visits to Suva, but the log book makes shameful reading. The big European nations have all played in each of those Pacific Islands.Australia, 36% of whose Super Rugby players derive from the Islands, are now making positive noises about following suit and it’s an idea that excites the players. “It would be special,” said Wallaby David Pocock. “Australia and New Zealand, in terms of rugby, have benefited a ridiculous amount from Pacific Island nations.” Of course, money is the obstacle. NZ made no profit from their Samoa trip, and Wales will lose cash when touring the Islands in two years’ time. Good for them. They’re doing it for the greater good and rugby needs more of that selflessness.This article appeared in the July edition of Rugby World. For the latest subscription offers, click here.
About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 1 July 2002 | News GMTV’s annual fundraising week, the Get Up and Give Week, runs this week from 1 to 5 July. The five featured charities are Weston Spirit, Thrive, Winstons Wish, the MS Trust, and Bliss, the premature baby charity. Up to 11 million viewers are expected to watch the programme during the week. Last year’s appeal raised a total of £775,000.Visit GMTV. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 17 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis GMTV’s Get Up and Give Week
Leavealetter.com launches hospice partnership Letters can be retrieved by loved ones via the website through a simple verification procedure, giving them lasting memories and messages. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 22 August 2007 | News 19 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Online letter service leavealetter.com has joined forces with the Phyllis Tuckwell hospice in Farnham, Surrey and has created a weblink from the hospice’s homepage.Leavealetter.com will make a £1 donation to the hospice for each person that registers with them via the link. The company was set up in October 2006 to enable people to leave a memento in the form of a letter to a loved one. Founders Jill Green and Angie Mills felt that such a letter could play a major part in their healing process. Advertisement
A full-scale workers’ uprising in the Mexican state of Oaxaca has shut down transportation and businesses throughout the region. Access to an important oil refinery has been blocked. As of June 23, there were 21 highway blockades there.Oaxaca is an impoverished and mostly Indigenous state in Mexico’s rural south. In one small town, reports said, the air was heavy with the smell of burning tires on a strategic highway that leads from the neighboring state of Puebla to the state capital, Oaxaca de Juárez. The highway was blocked with burned-out cars, buses and trailers. Dozens of trailers waited in line to pass.The uprising came after some 800 Mexican federal police had shot into a crowd of demonstrators who were armed with only stones, sticks and Molotov cocktails. The crowd was defending a barricade in the town of Nochixtlán. At least eight demonstrators were killed and some 100 wounded. Another 22 are missing, and some 27 were arrested and report being tortured. At least five more died from their wounds.“They are shooting at us as if we were animals,” William Velázquez, a 34-year-old teacher, told a reporter. He picked up a large stick. “These are the only weapons we have. We don’t carry guns. They were firing on unarmed civilians.” (latino.foxnews.com)At first, the Mexican government claimed that the cops did not carry weapons. But after many news organizations showed video of police firing bullets, the government tried to say that “unknown gunmen” began firing at both sides, even though none of the cops had been shot. Finally, Federal Police Chief Enrique Galindo acknowledged that he had sent in officers with guns. “The police obligation is to protect the population,” he said, as if that excused the carnage from police bullets.The day after the shootings, Ramos Zárate, a journalist covering the Oaxaca events for the newspaper El Sur, was mysteriously shot and killed. He is one of eight journalists killed in Mexico so far this year.Solidarity with teachers’ fightto save unionThis all stems from a confrontation between the Mexican central government, led by President Enrique Peña Nieto, and the National Coordinator of Education Workers (CNTE), the Oaxaca section of the largest teachers’ union. The government demanded that the teachers pass a national certification test or be discharged. Dozens of teachers were then quickly fired. Several CNTE leaders were arrested on trumped-up corruption charges, which the teachers describe as a move designed to break their union.The CNTE is calling for the removal of the test requirements, which they point out fail to take into account the special conditions of the impoverished people of Oaxaca, where some 21 Indigenous dialects are spoken. The union is also demanding the immediate release of its leaders.Since the police shootings in Nochixtlán, protesters have burned police headquarters in San Pablo Huitzo and Santiaguito. They have blockaded roads, a shopping mall, even train tracks in the western state of Michoacán. They have forced bus lines to cancel trips to Oaxaca, a popular tourist spot. And in Oaxaca city itself, the teachers have set up an encampment in the city’s main square, where thousands of teachers from around the country have arrived to defend it.Militant acts of solidarity with the Oaxaca teachers have erupted throughout Mexico and, indeed, around the globe. In Chiapas, Mexico, teachers and residents set up numerous blockades, including one that cut off the Pan-American Highway. On June 21, for example, a mass solidarity assembly of faculty, staff and students was held at the National Autonomous University of Mexico in Mexico City.Six thousand people marched in solidarity in Monterrey, Chihuahua and other cities in northern Mexico. In the U.S., the Chicago Teachers Union, which has expressed its solidarity with the CNTE for many years, staged a “die-in” at the Mexican Consulate in Chicago.On June 20, at the Mexican National Indigenous Congress, the Zapatistas issued a statement calling on “our peoples and civil society in general to stand with the teachers who resist at this moment, to see us in them. … We invite all the peoples from the fields and the cities to be aware and in solidarity with the teachers’ struggle, to organize ourselves autonomously to be informed and alert in the face of the storm falling on us all.”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this