CITY VIEWS: ARE YOU OPTIMISTIC ABOUT THE CITY JOB MARKET?

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports Dropmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comStudent SeaHilariously Relatable Family Photo FailsStudent Seaautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam DANIEL BOTTERILL | SUSTAINABLE RESOURCE SOLUTIONS“Things are on the up. It’s a lot busier around the City just now. There seems to be more recruiting and a lot more opportunities to invest capital. I definitely think that things are on the up.”BEN VADGAMA | 1E“The City job market is very good because I think the number of opportunities have increased. I think companies in the City, including the banks, need to start recruiting at graduate level so they can develop the right skills.”LEE SCOWEN | HAMPTONS INTERNATIONAL“I think property management markets are faring reasonably well. As for the banks, the current job market is not that great. Financial institutions will have to start recruiting to make more money.” KCS-content Show Comments ▼ CITY VIEWS: ARE YOU OPTIMISTIC ABOUT THE CITY JOB MARKET? Share 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img whatsapp Tuesday 14 September 2010 8:37 pm whatsapp Tags: NULLlast_img read more

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Boris in advanced talks with mobile firms over getting signal on the Tube

first_imgSunday 19 September 2010 10:11 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 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.com Show Comments ▼ whatsapp Share Tags: NULLcenter_img whatsapp 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof MAYOR of London Boris Johnson is nearing an agreement with the UK’s biggest mobile phone operators to provide a network signal on the entire Tube network by the time the Olympics come to London in 2012, it emerged at the weekend.Johnson is still in discussions with the companies over the final details of funding for the project, which City Hall reiterated yesterday would need to be borne entirely through mobile operators with no cost to fare or taxpayers.However, the preferred option is thought to be an agreement whereby the UK’s five largest mobile operators – Vodafone, Orange, O2, T-Mobile and 3 – would share the cost of installing the project.While technically possible to install network equipment in the deep-level underground tunnels and stations, project costs have so far proved prohibitively high.The Greater London Authority said yesterday that finding a solution “remains dependent on the market providing a credible proposal that satisfies both technical and commercial considerations”.Johnson’s predecessor Ken Livingstone also held talks with phone operators over installing a Tube network, but the plans never came to fruition. At the time, he said the winning operator would have to pay TfL for the privilege. KCS-content Boris in advanced talks with mobile firms over getting signal on the Tube last_img read more

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JPM sets up alternatives unit in the US

first_img 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 ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com KCS-content JPMORGAN Chase is starting a new alternatives unit in its asset management business, formed from traders who are no longer allowed to trade for the bank’s own account under new US rules, according to a company memo.The fate of the JPMorgan traders has been up in the air as banks scramble to come to terms with the so-called Volcker rule restricting banks from betting with their own money, among other regulatory changes.A person familiar with JPMorgan’s changes said about 45 traders will move from its investment bank to a new unit within its asset management business.“We are confident that clients will benefit from their investment experience and insight,” wrote investment bank and asset management heads Jes Staley and Mary Erdoes in the memo to employees.Mike Stewart, co-head of the investment bank’s global emerging markets business, will run the new business, according to the memo. Stewart will work with Larry Unrein, head of private equity and hedge funds within asset management, in establishing the business.JPMorgan expects to complete the transition over several years, according to the memo.Chief Executive Jamie Dimon had said earlier this month the bank would remove some traders from its investment bank unit because of regulatory changes.Dimon has complained about the scattershot nature of US financial reform, which he says is making banking businesses more complicated rather than improving the financial system.JPMorgan, the second-largest US bank by assets, also expects revenues to be hurt by new rules that limit the charges it can apply to credit card and current account customers. Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comcenter_img Monday 27 September 2010 8:45 pm JPM sets up alternatives unit in the US Tags: NULL Share whatsapplast_img read more

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BATTERSEA REDEVELOPMENT GETS OKAY

first_img Share BATTERSEA REDEVELOPMENT GETS OKAY KCS-content 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Wednesday 22 December 2010 7:43 pm whatsapp MAYOR of London Boris Johnson gave the go-ahead yesterday for the redevelopment of Battersea Power Station and its surrounding area. The new scheme is part of a wider £5.5bn development that involves an extension to the Northern Line and the construction of thousands of homes, plus retail and office space. The proposal will now go before the secretary of state for communities and local government. center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapp Show Comments ▼ Tags: NULLlast_img read more

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BEST OF THE BROKERS

first_img Share KCS-content BEST OF THE BROKERS whatsapp Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap BARRATT DEVELOPMENTSPanmure Gordon rates the housebuilder “buy” at a 147p target price as it believes the stock is the lowest-valued in the sector. It says Barratt has improved its operating performance, reduced costs and improved the quality of its offering since 2007, and the broker expects Barratt’s share price to rise to reflect this in 2011.HEINEKENEvolution Securities has moved the brewer to “sell” with a €32.50 (£27.00) target price after a weak performance in 2010 and concern its share price, currently at a 13 per cent discount to peers, will lag again in 2011. It generates 40 per cent of profits in mature markets where sales are expected to fall this year, while input costs rise.TOPPS TILESAltium Securities rates Topps “buy” with a 100p target price after a decent first-quarter performance in difficult trading conditions. The broker believes Topps has scope for further UK growth and less gearing than competitors. It has set a target of opening another 90 stores and will be boosted by a housing recovery, says Altium. whatsapp Show Comments ▼ Tuesday 11 January 2011 7:15 pm Tags: NULLlast_img read more

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FTSE closes under a cloud

first_img THE FTSE 100 closed down 0.3 per cent or 16.37 points at 5,985.70 today, under a cloud as EU finance ministers gathered to discuss changes to the eurozone’s bailout fund, and weighed down by miners and banks.Trading was also lacklustre as US markets were closed for the Martin Luther King Jr day holiday.Merger and acquisition moves boosted trading at points, however, with Smiths taking the top spot, up 7.7 per cent, after the engineering firm rebuffed a £2.45bn bid for its medical unit.Artificial knee and hip maker Smith & Nephew also rose 3.5 per cent following a weekend report that Johnson & Johnson was considering a fresh takeover approach worth at least 800p a share, valuing it at £7.1bn.BP edged up 0.2 per cent, outperforming sector peers, as investors and analysts gave a cautious welcome to its share swap and Arctic exploration deal with Russia’s Rosneft, saying any return is likely a long way off.And Vodafone added 1.8 per cent as investors awaited a deal for the British mobile operator to dispose of its 44 per cent stake in French mobile operator SFR for €7-8bn (£6-6.7bn).Among the fallers, miners Fresnillo (down 3.55 per cent to 1,439p) and Kazakhmys were out of favour amid lower metals prices after China increased reserve requirements for banks in an attempt to curb inflation. Banks fell as investors locked in profits from a sector that has enjoyed a good start to 2011 despite Europe’s sovereign debt problems lingering in the background. Lloyds was down 2.17 per cent to 68.10p.Fund manager Schroders lost ground after UBS downgraded the stock to “neutral” from “buy”. 
The concerns surrounding Apple’s chief executive Steve Jobs caused its supplier ARM Holdings’ share price to fall three per cent. Jobs is taking his third period of medical leave two years after a six-month break for a liver transplant.Autonomy shed 5.1 per cent, the worst performing FTSE 100 stock, after Standard and Poor’s equity research said a lack of a positive pre-announcement does not bode well for the British software firm’s fourth-quarter results.And engineer Weir Group shed 2.8 per cent, with traders citing talk of a potential bid for Swiss rival Sulzer. Share whatsapp Show Comments ▼ alison.lock FTSE closes under a cloud whatsappcenter_img Tags: NULL 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Monday 17 January 2011 4:06 pmlast_img read more

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Upbeat outlook from Canon

first_img Show Comments ▼ KCS-content whatsapp Thursday 27 January 2011 7:22 pm CANON forecast its operating profit would rise by one-fifth this year as the Japanese camera and copier giant outperformed rivals on sales of its EOS and IXY digital cameras and cost cuts.The world’s largest maker of digital cameras expects 470bn yen (£3.58bn) in operating profit for the year that ends in December, against the average analyst estimate of 472.5bn. It expects sales to rise 10.6 per cent to 4.1 trillion yen, with India, China and other emerging nations expected to continue healthy growth, and economies of developed nations continuing on a path of modest recovery. whatsapp Share Upbeat outlook from Canon Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

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A moratorium on building is certain to choke growth

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-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.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com KCS-content Show Comments ▼ A moratorium on building is certain to choke growth IF you are ever tempted to complain that London is too crowded, just reflect that it would be much worse if it were the opposite – deserted. One of the best indicators of how well a city is doing is its population. People move to thriving cities, and leave struggling ones. So many people have abandoned the declining industrial cities of rustbelt America that they no longer have traffic jams – instead they have boarded up properties. In contrast, the extra million people we expect to come to London over the coming decades is a sign of how well our city is doing. People are voting with their feet.In his fascinating book, the Triumph of the City, published this week, Harvard academic Edward Glaeser describes cities as man’s “greatest invention”, saying they make us smarter, greener, richer, healthier and happier. He is particularly optimistic about the prospects for London, with its educated, internationally connected workforce, and diverse, innovation-driven economy. Few things predict the success of a city more accurately than the proportion of its workers with degrees, and with that we are blessed.However, growth obviously brings its own problems. The transport capacity has to be increased to ensure the city doesn’t get ensnared in congestion – that is why the mayor has put such emphasis on the tube upgrades and Crossrail.As Professor Glaeser points out, to make sure the success of the city continues, you also need to carry on building. A moratorium on construction, as some cities have had, is guaranteed to choke off growth. The London skyline is filling up with cranes as companies turn their optimism into offices. The Shard of Glass, near City Hall, already Europe’s tallest skyscraper, is not only a soaring vote of confidence that London will continue prospering, but its very construction makes such prospering more likely.Just as important is housebuilding, to home the growing population and keep housing costs down. High housing costs not only make life difficult for Londoners, but will deter people from moving here, choking off the flow of talent on which London depends. The mayor has a target of 50,000 affordable homes by 2012, the record for a mayoral term, and despite the worst recession since the war, we are well on track to deliver. Spades are going in the ground with increasing rapidity, with the number of affordable new housing starts 35 per cent higher in 2009-10 than two years previously. It was not an accident – it was the result of the mayor putting such emphasis on housing, chairing the Homes and Communities Agency, and making sure major regeneration schemes such as the West Hendon Estate in Barnet went full steam ahead during the economic maelstrom.It was important to keep on building through the recession, because like all bad things, the recession was bound to come to an end. Avoiding a construction backlog means we are now far better placed as the economy steps up a gear, with housing pressures less than they would have been.Clearly, as the latest declining GDP figures show, we are not in the clear yet. But as Professor Glaeser points out, London has many reasons to be confident about the future.Anthony Browne is an adviser to the Mayor of London whatsapp Share whatsapp Tags: NULL Wednesday 16 March 2011 9:05 pm last_img read more

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MLB pushes ‘royalty fee’ agenda at G2E

first_imgSports betting Topics: Sports betting Subscribe to the iGaming newsletter Regions: US 12th October 2018 | By Hannah Gannage-Stewart The MLB’s Kenny Gersh told delegates at G2E this week that he was surprised by the gambling industry’s “pushback” to the fee. Scott Longley reports.The case for a “royalty fee” for the US sports leagues was promoted by an executive representative from Major League Baseball (MLB) as the subject of integrity and data fees was once again discussed at this week’s G2E in Las Vegas.The attitude of the major sports leagues to the advent of the new era of regulated sports betting in the US has been a hot topic all week.Kenny Gersh, executive vice president with the responsibility for gaming at the MLB, said he was surprised by the vehemence of the “pushback” on the issue of integrity and data fees on the part of the gaming sector, particularly with regard to in-play betting data.He also suggested the leagues’ position has been misrepresented over exactly what they are asking for. “There is a lot of misinformation,” Gersh said. “We don’t call it an integrity fee. We call it a royalty. We’re talking about a quarter point (0.25 percent).”Yesterday on the same stage, David Rebuck, director at the New Jersey Division of Gaming Enforcement attacked the leagues over their continued efforts to get integrity fees included in state legislation.He said the integrity fee issue as “losing steam.”Getting their due However, Gersh made the argument for why he believed the leagues should get some financial recompense for the betting that will take place on their games in regulated jurisdictions in the US.“You guys (the gaming operators) get the right to make money from sports-betting and everyone then thinks that will have an effect on MLB,” he said. “We’re given no choice in that whatsoever, and we have to deal with it. So to grant someone the opportunity to make money off our sport, we think we should be involved in that.”Sharing the stage, Sara Slane, said the leagues were effectively asking for a cut of the profits “without any of the risk” of running a sportsbook. “This is the sticking point right now,” she added.One potential route out of the impasse cold come via the already in place federal tax structure that applies to sports betting.Slane said a federal tax was “already there and is in place. “Maybe that is something we can work on together.”Earlier in the session, Gersh said that the MLB had been preparing for the day that PASPA was struck down for some years and that the sports saw opportunities from encouraging in-play betting. “We’re focusing on our data feeds, to capture what is happening on the field of play and to create new ways to bet,” he said. “Mostly that is in game.”Stephen Master, now a consultant and previously an executive at consumer research company Neilsen Sports with a stint at the NFL, said that surveys he had conducted on behalf of the AGA showed the degree to which in-play betting would be seen as an attractive product to the key 18-34 audience.“For gaming to really take off you are going to need really good mobile apps,” he said. “The 18-34 audience are sports gamblers – 41%. That’s a really valuable audience. This is a great opportunity to engage that younger audience. For the first time, this demographic spends more time on the phone than watching TV.”Gersh agreed. “Baseball is perfectly set up for an in-play betting sport,” he said. “It’s set up as a series of discrete events. Each one will have an outcome, a betting opportunity.”He pointed out that the royalty fee as proposed by the MLB would effectively compensate the sport for the money it has invested in data tracking and collection systems. “We’ve spent millions of dollars installing cameras and radar to track everything that’s happening on the field of play,” he said. “That was done to tell stories about what was happening.”“As you are making the in-game bets, you want that one true source of data and we’re only going to provide that the legal regulated operators. The offshore books will have to watch that on TV. We will be delivering that data in nearly real-time for the people to create the odds. It is a regulated industry.”In response, Slane repeated the AGA’s position that the leagues would be recompensed for their investment in data via commercial partnerships. “We just don’t think that the data usage should be mandated by the statute when it can be done by sponsorship,” she said. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Kenny Gersh tells G2E delegates he’s surprised by the gambling industry’s “pushback” to the fee MLB pushes ‘royalty fee’ agenda at G2E Email Addresslast_img read more

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Delaware iGaming revenue up despite lower spending

first_img Tags: Online Gambling Revenue from the regulated Delaware online gaming market improved year-on-year in July, despite players spending almost $10m less than in the same month last year.Net revenue in July totalled $288,675 (£239,273/€258,920), up from $248,240 last year. This also represented a significant improvement on the $257,26 generated in June 2019, the lowest total of the year to date.However, player spending was down significantly year-on-year, with the amount wagered online in July of this year standing at $7.92m, compared to $17.92m in 2018. Player winnings were also down from $17.7m to $7.66m.Read the full story on iGB North America.Image: formulanone Regions: US Delaware AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Revenue from the regulated Delaware online gaming market improved year-on-year in July, despite players spending almost $10m less than in the same month last year. Subscribe to the iGaming newsletter Topics: Finance 15th August 2019 | By contenteditor Finance Email Address Delaware iGaming revenue up despite lower spendinglast_img read more

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