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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Ainsworth profit nosedives amid domestic struggles

first_img Australian gaming machines and content provider Ainsworth Game Technology (AGT) has posted a 66% slump in post-tax profit to Aus$10.9m (£5.98m/€6.59m/$7.31m) on the back of a 12% fall in turnover to Aus$234.3m for the 12 months through to the end of June. 28th August 2019 | By contenteditor Ainsworth profit nosedives amid domestic struggles Casino & games Regions: Oceania Australia Subscribe to the iGaming newslettercenter_img Australian gaming machines and content provider Ainsworth Game Technology (AGT) has posted a 66% slump in post-tax profit to AUD$10.9m (£5.98m/€6.59m/$7.31m) on the back of a 12% fall in turnover to $234.3m for the 12 months to 30 June, 2019.With the company’s online division contributing $4.2m of sales, group earnings before interest and deductions was $44.8m, a 34% year-on-year decrease, with challenging conditions in Australia and Latin America blamed for the overall decline.Three months after issuing a profit warning, Ainsworth again singled out its domestic market as a particular struggle, with sales in Australia down 43%.However, the company highlighted a stronger balance sheet at the end of the financial year, with net cash of $6.2m versus a net debt of $36.2m 12 months earlier, supporting “an increase in R&D investments to drive organic growth, complemented with selective acquisitions”.AGT also underlined encouraging progress in North America, where revenue increased by 8%, helping to lift international sales to 85% of the company’s turnover.Ainsworth added that 20 games have been approved in New Jersey with GVC for the PlayMGM online platform, while a total of 62 games were developed and approved for online distribution throughout the US, Europe and Latin America over the 12-month period.In February, the company announced the launch of Mustang Money, its first real-money online casino game, in Mexico. AGT said that the game is performing to expectations in terms of growing the company’s player database and revenues.Lawrence Levy, who was appointed as the company’s new chief executive on 1 July, said that the company is in the process of reviewing its research and development investments.“I am confident AGT can drive improved long-term growth by leveraging its excellent reputation, focusing R&D and complementing organic performance with selective acquisitions,” he said.“My initial observations as the new CEO are that we have a strong footprint in major markets, scale and growing recurring revenues. With an increased focus on investing in game technology and new product development, I expect our domestic performance to progressively improve and our international success to continue.“While the FY19 results are relatively weak, AGT is capable of delivering improved performance. We have a professional and motivated workforce, an excellent industry reputation and a well-established footprint across all our markets.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Email Addresslast_img read more

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Zambeef Products Plc (ZAMB.zm) HY2012 Presentation

first_imgZambeef Products Plc (ZAMB.zm) listed on the Lusaka Securities Exchange under the Agri-industrial sector has released it’s 2012 presentation results for the half year.For more information about Zambeef Products Plc (ZAMB.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Zambeef Products Plc (ZAMB.zm) company page on AfricanFinancials.Document: Zambeef Products Plc (ZAMB.zm)  2012 presentation results for the half year.Company ProfileZambeef Products Plc, listed on the Lusaka Securities Exchange, is the largest vertically integrated food retailing brand in Zambia. The Group is principally involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, dairy products, eggs, stock feed and flour. The Group also has large row cropping operations (principally maize, soya beans and wheat), with approximately 7,971 hectares of row crops under irrigation which are planted twice a year, and a further 8,623 hectares of rainfed/dryland crops available for planting each year.last_img read more

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Sugar Land: ‘A crime against humanity’

first_imgNational Black United Front rallies for the enslaved imprisoned Sugar Land 95 on Sept. 19.Sugar Land, Texas — “The ‘convict lease system’ was a crime against humanity. It began right after enslaved people won their freedom. People have made millions of dollars off the free labor of our enslaved and imprisoned ancestors,” said Kofi Taharka, national chair of the National Black United Front. As she spoke, she was standing across the street from the old Imperial Sugar factory.Ninety-five graves were unearthed in Sugar Land this summer as construction workers were building a school on property sold to the school district by the Texas prison system.Taharka was there Sept. 19 as the Task Force on a Convict Lease Memorial was meeting, organized by the city of Sugar Land to deal with the remains. Dozens of NBUF members and supporters rallied outside.She continued: “These remains need to be honored appropriately. African people with expertise must be involved in all aspects of this. We demand DNA testing be done so that reparations can be made, particularly to the families of these people.”Taharka added: “This is not just about history from 100 years ago. This is about the foundation of why we as African people are treated the way we are today. We remember Sandra Bland, Mike Brown, Eric Gardner, Trayvon Martin. We remember the Panther 21, the Jena 6, the New York 3. We have the Dallas 9 right now. We are in solidarity with the [national] prisoners’ strike going on. And today we are here fighting for the Sugar Land 95.”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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New Grants Available to Help Meet Water Challenges

first_img By Andy Eubank – Feb 24, 2014 Home Indiana Agriculture News New Grants Available to Help Meet Water Challenges New Grants Available to Help Meet Water Challenges SHARE Previous articleSenators Urge USTR to Seek Ag Agreement with Japan in TPP TalksNext articleNutrient Management Focus of Purdue Crop Seminar Andy Eubank USDA’s National Institute of Food and Agriculture will make six-million dollars in grants available this year – and up to 30-million dollars over the next five years – as part of a new initiative to provide solutions to agricultural water challenges. The grants – announced by Agriculture Secretary Tom Vilsack Monday – will be used to develop management practices, technologies and tools for farmers, ranchers, forest owners and citizens to improve water resource quantity and quality. Vilsack says cutting edge research holds the key to tackling the complex challenges posed by prolonged drought and ensuring the future food security of our nation. He says these grants will help arm the nation’s farmers and ranchers with the tools and strategies they need to adapt and succeed – and build on ongoing, cross-governmental efforts to provide relief to those impacted by severe drought. Monday’s announcement builds on department efforts to help farmers, ranchers and forest landowners mitigate the impacts of drought – including implementation of the livestock disaster assistance programs provided through the 2014 Farm Bill and 40-million dollars in additional conservation dollars.Three critical topics have been identified for funding through this Agriculture and Food Research Initiative water challenge area. These include ensuring the water security of surface and ground water needed to produce agricultural goods and services; improving nutrient management in agricultural landscapes focused on nitrogen and phosphorus; and reducing impacts of chemicals and the presence and movement of environmental pathogens in the nation’s water supply. The RFA for that program is expected to be released this spring.Source: NAFB News Service SHARE Facebook Twitter Facebook Twitterlast_img read more

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FinTech’s Influence on Home Financing

first_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago FinTech’s Influence on Home Financing Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save About Author: Seth Welborn Financing FinTech HOUSING Mortgages 2019-07-22 Seth Welborn The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Economic Growth Nears Historical Average Next: Servicing Success, One Step at a Time  Print This Post Home / Daily Dose / FinTech’s Influence on Home Financing Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Financing FinTech HOUSING Mortgagescenter_img Sign up for DS News Daily Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. July 22, 2019 2,403 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Much of the real estate market has made strides in integrating fintech, but much of the market remains untapped, according to the Urban Institute. Compared with other goods, the online share of all home sales (to owner occupants, investors, fix-and-flippers, and others) is less than 15%, the Urban Institute states in its report, titled “FinTech Innovation in the Home Purchase and Financing Market.”“Every step of the homebuying process is heavily regulated at the federal, state, and local level,” the Urban Institute states. “Despite these barriers, technology has made inroads within specific pockets of the housing market: helping consumers build credit and save for a down payment, search for and purchase a home, shop for and obtain mortgage financing, navigate mortgage servicing, and extract home equity to eventually sell the home.”Fintech firms can cause transformations in two ways: through improved efficiency and through reduced structural barriers. For example, credit scoring firms have enhanced their technology and modeling techniques and incorporated some additional data into the credit scoring process. FICO, for example, is rolling out new programs where borrowers can allow the use of their bank statements, and has arranged for limited use of telecom data for consumers with limited credit histories. While mortgage lenders currently do not take this data into account, Fannie Mae and Freddie Mac are investigating the use of these “alternative data” and, in limited circumstances, will extend mortgages to consumers without credit scores.Post-purchase, insurance start-ups such as Lemonade and Hippo utilize advanced tech to generate quotes and sell insurance online. With the process fully automated, Hippo claims to offer 25% lower premium. Other startups can offer reverse mortgages online, without requiring a mortgage and monthly payments by taking a portion of the house value when the property is sold.“In conclusion, substantial innovation has taken place across the mortgage ecosystem, producing clear benefits for consumers,” Urban states. “But major gaps in the availability of fintech services exist.”Urban expects some of these improvements to take place in the coming years as fintech start-ups mature into more established companies. Find the full report here. Related Articles Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Market Studies, News, Technology Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

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#StandUP2016 Mental Health campaign draws to a close

first_img Facebook #StandUP2016 Mental Health campaign draws to a close Google+ Facebook Twitter Pinterest Andrew McGinley says his children are getting him through life By admin – November 18, 2016 Donegal retains 14 Blue Flags, Lisfannon is not restored As the final day of BeLonG To’s #StandUp2016 campaign draws to a close, a Donegal Deputy is reminding people there are many forums available if you need to talk to someone.Research shows that 1 in 3 young LGBT people aged 14 – 18 have attempted to take their own lives because of bullying, rejection, and the pressure to hide who they really are.The campaign has been regarded as the largest anti LGBT bullying campaign in Ireland.Donegal Deputy Thomas Pringle says it’s important to continue to raise awareness:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/11/pringlelgbt1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest Homepage BannerNewscenter_img Google+ WhatsApp Previous articleOvercrowding at Letterkenny University Hospital eases furtherNext articleTKO victory sends Brett McGinty into World Youth’s last 32 admin Twitter LUH still not ready to restore IT systems Gardai investigate deaths of two horses on the N56 RELATED ARTICLESMORE FROM AUTHOR WhatsApp Lárionad Acmhainní Nádúrtha CTR to take part in new research project Gardai investigate Castlefinn burglarylast_img read more

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Update: Gardai investigate Loughanure house burglary

first_img Google+ WhatsApp Gardai are now treating an incident at a house in Loughanure, west Donegal as most likely a burglary.Initial reports suggested the house was discovered broken in to with a large quantity of blood present inside.However a garda source suggests that only a small amount of blood was discovered and it is most likely belongs to who ever broke in to the house.The house on the Annagry road is understood to be owned by a man from Northern Ireland. WhatsApp Newsx Adverts Update: Gardai investigate Loughanure house burglary Disruption to cancer service will increase mortality – Oncologist Andrew McGinley says his children are getting him through life By News Highland – May 31, 2011 Facebook Google+ Facebookcenter_img Today is the 30th anniversary of Eddie Fullerton’s murder Pinterest RELATED ARTICLESMORE FROM AUTHOR Twitter Twitter Previous articleNI Ambulance Service want tougher sentences on those who assault paramedicsNext articlePringle to oppose water metering in Dail News Highland Gardai investigate Castlefinn burglary Pinterest Donegal retains 14 Blue Flags, Lisfannon is not restored Hospitalisations rise as Donnelly suggests masks will stay ’til autumnlast_img read more

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Arson attack at Derry textile recycling plant

first_img Hospitalisations rise as Donnelly suggests masks will stay ’til autumn Gardai investigate Castlefinn burglary By News Highland – November 26, 2011 Newsx Adverts Twitter Pinterest WhatsApp Previous articleDeath of Taoiseach’s motherNext articleWinds increasing as Met Eireann issue weather warning News Highland Donegal retains 14 Blue Flags, Lisfannon is not restored Facebook Today is the 30th anniversary of Eddie Fullerton’s murder Google+center_img Police in Derry are investigating an arson attack at the headquarters of North West Textile Recyclers at Springtown in Derry.The company, which trades as “Don’t Bin, Cash In” also operates in Letterkenny and Carndonagh.3 trailers were burned in the fire which was tackled by seven units of the fire brigade.Jonathan  Mc Gonagle is the company’s owner………[podcast]http://www.highlandradio.com/wp-content/uploads/2011/11/jonsat.mp3[/podcast] Pinterest WhatsApp RELATED ARTICLESMORE FROM AUTHOR Andrew McGinley says his children are getting him through life Twitter Arson attack at Derry textile recycling plant Google+ Disruption to cancer service will increase mortality – Oncologist Facebooklast_img read more

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Martinez sets MLS single-season scoring record, Atlanta wins

first_imgDepEd’s Taal challenge: 30K students displaced Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew ‘High crimes and misdemeanors’: Trump impeachment trial begins Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Gov’t in no rush to rescue animals in Taal Palace OKs total deployment ban on Kuwait OFWs Martinez broke a tie for the record with Roy Lassiter, Chris Wondolowski and Bradley Wright-Phillips. Lassiter set the record in 1996 for the Tampa Bay Mutiny in the league’s first season. Wondolowski matched it for the San Jose Earthquakes 2012, and Wright-Phillips had 27 goals for the New York Red Bulls in 2014.Martinez has scored in nine straight matches, tied for the longest streak in league history, and the 25-year-old Venezuelan star still has eight games remaining the regular season.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSTim Cone still willing to coach Gilas but admits decision won’t be ‘simple yes or no’Atlanta (16-4-6) extended its undefeated stretch to seven games to remain atop the Supporters’ Shield race. Orlando (7-16-2) had its winless run extended to six matches — including five losses.Leandro Gonzalez Pirez opened the scoring in the 21st minute for Atlanta by knocking in a rebound from a free kick. Scott Sutter tied it at 1 in the 39th for Orlando by sending home Will Johnson’s back-heel pass. Peza offers relief to ecozone firms LATEST STORIEScenter_img Judy Ann’s 1st project for 2020 is giving her a ‘stomachache’ Don’t miss out on the latest news and information. Sports Related Videospowered by AdSparcRead Next MOST READ Atlanta United’s Josef Martinez, second from left, is surrounded by teammates after scoring a goal against Orlando City during the second half of an MLS soccer match Friday, Aug. 24, 2018, in Orlando, Fla. (AP Photo/John Raoux)ATLANTA — Josef Martinez broke the MLS season goal recordwith his 28th, giving Atlanta United the lead in the 74th minute in a 2-1 victory over Orlando City on Friday night.Martinez ran past the defense for a through ball, cutting back his defender and chipping it over Joe Bendik. Martinez briefly looked back at Bendik before taking off his jersey and celebrating with teammates.ADVERTISEMENT View comments Nadine Lustre’s phone stolen in Brazil Scalabrine on Garnett: I’ve never met anybody more intense’last_img read more

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