Nevada considers laws for remote sports betting

first_img Tags: Mobile Online Gambling 17th October 2018 | By contenteditor Topics: Casino & games Legal & compliance Sports betting Tech & innovation Tribal gaming Nevada is to consider altering its regulations to allow players outside the state to place sports bets through licensed sportsbooks. The Nevada Gaming Control Board met yesterday (Tuesday) to discuss proposals to expand the state’s sports betting market, whereby punters could place bets via mobile devices from outside Nevada’s boundaries. MGM Resorts, Caesars Entertainment and Wynn have all backed the expansion that would also enable players to register remotely, as opposed to having to visit a casino. However, not all Nevada casinos are behind the effort. Speaking on behalf of the Nevada Resort Association, Scott Nielson, who spent many years with Station Casinos, said the organisation has a preference to retain current regulations that require punters to register on-site. “Generally, our members of our association are comfortable with the status quo in that, if you go through a marketing plan process, then you can sign people up for a wagering account on premises. So we are comfortable with that status quo,” Nielson said, according to Legal Sports Report. The repeal of PASPA earlier this year granted other states the right to fully legalise sports betting, which in turn means Nevada now faces new challenges in terms of its market share. In September, research company Eilers & Krejcik Gaming tipped New Jersey to surpass the Nevada sports betting market by 2021. Although the Control Board opted not to take any action at this week’s meeting, chairwoman Becky Harris told Legal Sports Report that she plans to speak with stakeholders to continue the discussion of remote registration. Meanwhile, Santa Ana Star Casino Hotel in Bernalillo, New Mexico, has started accepting sports wagers. The launch follows an initial announcement last week from USBookmaking that it was to work with the casino on its sports betting offering. Punters can wager on professional and collegiate sports at the casino. Players are limited to on-site wagering as the state is yet to allow sports betting anywhere else in New Mexico. The sportsbooks will be operated from Monday to Friday between noon and 8pm, and on weekends form 7am to 10pm, with two self-service kiosks during off-hours.The Santa Ana Star Casino is operated by the Tamaya Nation at the Pueblo of Santa Ana, under the jurisdiction of tribal gaming laws. A tribal gaming compact between the state and tribes covers Class III gaming under the Indian Gaming Regulatory Act, which encompasses sports wagering.Image: EconomicOldenburger AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Nevada considers laws for remote sports betting Regions: US Nevada New Mexico Email Address Subscribe to the iGaming newsletter New Mexico casino starts taking legal sports bettinglast_img read more

1xBet hit with €400k Dutch fine over unlicensed activities

first_img Subscribe to the iGaming newsletter Email Address Dutch gambling regulator Kansspelautoriteit (KSA) has issued 1xBet with a fine of €400,000 (£344,200/$454,500) for targeting consumers in the country without permission.The penalty relates to the companies behind two websites: 1X Corp. N.V. in Curaçao, which runs the 1xBet.com website and, and Cyprus-based Exinvest Limited and its xbet-1.com site.In its report, the KSA has said both sites were accessible from the Netherlands, despite neither website having the relevant approval to operate in the country. Online gambling is currently prohibited in the Netherlands.Both 1xBet.com and xbet-1.com also had a Dutch language feature, as well as the option to make deposits via Dutch-specific payment method ideal, which is only available to those with a Netherlands bank account.Each site featured various games of chance, including live casino games roulette and blackjack.In addition, the KSA has said both Exinvest Limited and 1X Corp. N.V. are behind another 83 gambling websites targeted at the Dutch market. Although the report did not go into full detail, the regulator said these sites were accessible using the same login details from 1xBet.com and xbet-1.com.“Online gambling in the Netherlands is illegal; under the current legal regime for companies it is not possible to get a licence for offering online games of chance,” KSA chair René Jansen said.“Consumers are not assured of a safe game on an honest market with illegal providers.”1xBet is the latest operator to face a financial penalty for illegal operation in the Netherlands. In December, William Hill was fined €300,000 for targeting players in the country without approval, but vowed to appeal against the ruling.MRG was also fined €312,500 for failing to block Dutch players from gambling on its platforms, while Betsson Group subsidiary Corona Ltd was fined €300,000 for operating in the country without a licence. Corona later appealed against the ruling.The latest fine comes after the Dutch Senate last week moved to pass the Remote Gaming Act, paving the way for the roll-out of igaming regulation in the country.It is expected that licences will be issued from mid-2020, with operators required to develop comprehensive responsible gaming strategies to offer a high level of player protection. Operators will be taxed at 29.1% of gross revenue.Regulation could help tackle illegal gambling problems in the country, as, despite KSA efforts to crack down on unlicensed activity, a survey commissioned by land-based operator Holland Casino in January revealed that the number of citizens gambling via illegal sites had risen to around 1.8m. 26th February 2019 | By contenteditor Dutch gambling regulator Kansspelautoriteit (KSA) has issued 1xBet with a fine of €400,000 (£344,200/$454,500) for targeting consumers in the country without permission. Casino & games Topics: Casino & games Finance Legal & compliance Tags: Online Gambling Regions: Europe Western Europe Netherlands 1xBet hit with €400k Dutch fine over unlicensed activities AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Lotto24 reveals revenue and earnings growth in Q1

first_imgFinance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Lotto24 reveals revenue and earnings growth in Q1 10th May 2019 | By contenteditor Email Address Online lottery brokerage Lotto24 has reported year-on-year growth across both revenue and earnings for the first quarter of the year, as it prepares to complete a merger with its former parent company Zeal Networks. Online lottery brokerage Lotto24 has reported year-on-year growth across both revenue and earnings for the first quarter of the year, as it prepares to complete a merger with its former parent company Zeal Networks. Revenue for the three months to March 31, 2019, totalled €8.6m (£7.4m/$9.7m), up 0.7% on €8.5m in the opening quarter of 2018.Lotto24 put this down to a rise in commission from state lottery companies for the brokerage of lottery products, as well as additional fees and ticket fees in connection with the brokerage of stakes.Billings were also up 3.6% on a year-on-year basis from €75.9m to €73.2m, but gross margin slipped from 11.7% to 11.4% due to lower jackpot-related share from its lotto clubs.Lotto24 noted an increase in expenses for certain areas of the business, with its personnel expenses climbing from €1.9m to €2.2m. Impairment loss for financial assets increased from €90,000 to €180,000, while amortisation and depreciation on intangible assets and property, plant and equipment climbed from €303,000 to €395,000.However, Lotto24 was able to make some savings, with other operating expenses down from €6.6m in Q1 of 2018 to €5.0m in the first three months of the current year.This, coupled with a higher revenue performance, allowed Lotto24 to post earnings before interest and tax (EBIT) of €896,000, compared to a loss of €277,000 last year.Net profit before tax also improved from a loss of €306,000 to a positive figure of €863,000, while a net loss of €1.3m in Q1 last year transformed into a net profit after tax of €977,000.Reflecting on the results, Lotto24’s CEO, Petra von Strombeck, praised the first-quarter performance and also highlighted a 28.7% increase in total customers.von Strombeck also took the opportunity to look ahead to Lotto24’s future, with its acquisition by Zeal expected to go through in the coming weeks. Last month, more than 91% of Lotto24 shareholders endorsed the takeover offer within the regular acceptance period.“We would therefore like to take this opportunity to thank you (shareholders) for your trust – both over the past years and also in the future – and are pleased, that you will continue to accompany us, as part of the Zeal Group, on our future path,” von Strombeck said.Zeal also posted its first-quarter results this week, revealing a 26.3% year-on-year in adjusted earnings before interest and tax (EBIT), despite a drop in revenue.Revenue amounted to €36.5m in Q1, down 5.8% on €38.7m last year, but EBIT was 26.3% year-on-year to €11.6m, partly due to lower spending in several areas of the business.Image: reynermedia Topics: Finance Lotterylast_img read more

Betsson, 888 and Sisal enter Buenos Aires licensing process

first_img Topics: Casino & games Legal & compliance Sports betting Bingo 24th June 2019 | By contenteditor A trio of new international operators have joined the race for one of Buenos Aires’ seven provincial igaming licences, with the registration window for the process expiring tomorrow (June 25). Email Address Tags: Mobile Online Gambling Subscribe to the iGaming newsletter Regions: LATAM Argentina A trio of new international operators have joined the race for one of Buenos Aires’ seven provincial igaming licences, with the registration window for the process expiring tomorrow (June 25).Betsson, 888 via its Cassava Enterprises subsidiary and Italy’s Sisal Entertainment have secured local partners in pursuit of the licence. In total, 15 entities will compete for a licence.Betsson has partnered Casino de Victoria, a land-based venue located in the central province of Entre Ríos, with 888 pairing up with Boldt, an operator active in the land-based casino and lottery sectors. Sisal, meanwhile, has formed a consortium with two local businesses, Areltown and El Chalero.The trio join a host of other international operators in the licensing process. The Stars Group has secured a deal with Atlantica de Juegos as it pursues a licence, while William Hill will work with ArgenBingo, and Flutter Entertainment with Bingo Pilar. Intralot has a deal in place with BinBaires, and Playtech with Hotel Casino Tandil.bet365, which has also entered the Mexican igaming market, will work with bingo operator Pasteko, Betway has partnered Bingo King and Codere has struck a deal with slot and bingo hall operator Iberargen.Spanish operator Luckia has a deal with Emprendimientos Crown and BetCris with Impresora Internacional de Valores.Just two local brands, Biyemas and Slots Machines, will go it alone without an international partner.The prospective licensees are looking to secure one of seven 15-year igaming licences, which cover all product verticals. The successful applicants will pay an AR$65m (€1.3m/$1.5m) licence fee, then a 25% tax on gross gaming revenue.With the registration window for applicants ending at 11AM Buenos Aires time tomorrow (June 25), it remains to be seen whether other operators and suppliers join the process. Bingo Betsson, 888 and Sisal enter Buenos Aires licensing process AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Labour promises new gambling act in election manifesto

first_img Email Address 21st November 2019 | By contenteditor Legal & compliance Labour has vowed to treat problem gambling as a public health issue should it win the UK General Election, as well as pledging to introduce a new gambling act “fit for the digital age”. Labour has vowed to treat problem gambling as a public health issue should it win the UK General Election, as well as pledging to introduce a new gambling act “fit for the digital age”.In its manifesto for the 12 December poll, the party pledged to curb gambling advertising in sports, as well as introducing a new Gambling Act to replace the 2005 legislation introduced by the UK’s last Labour government. While it did not provide extensive detail of what this would include, it said it would establish new limits on gambling, as well as introducing a levy for problem gambling funding and new mechanisms for consumer compensation.In additon, it promised “expanded” addiction services, although did not go into further detail.“We will address drug-related deaths, alcohol-related health problems and the adverse impacts of gambling as matters of public health, treated accordingly in expanded addiction support services,” the Labour Party said in its manifesto.Gambling companies could also be affected by a series of announcements by Labour, which is led by Jeremy Corbyn (pictured), should it win a majority in December.The most eye-catching are the mandatory requirements for elected worker-directors to sit on boards and for 10% of shares in larger companies to be reserved for a worker fund.“We will require one-third of boards to be reserved for elected worker-directors and give them more control over executive pay – because when those who depend on a company have a say in running it, that company generally does better and lasts longer,” Labour said.“We will introduce a broader ‘public interest test’ to prevent hostile takeovers and asset-stripping weakening our industrial base and destroying treasured home-grown companies. And we will give workers a voice on public bodies such as the Competition and Markets Authority.“We will give workers a stake in the companies they work for – and a share of the profits they help create – by requiring large companies to set up Inclusive Ownership Funds (IOFs). Up to 10% of a company will be owned collectively by employees, with dividend payments distributed equally among all, capped at £500 a year, and the rest being used to top up the Climate Apprenticeship Fund. The cap will rise to ensure that no more than 25% of dividends raised by IOFs are redistributed in this way.”Labour also said it would review business rates, in what could be a boost for high street betting shops. It will consider the option of a land value tax on commercial landlords as an alternative and develop a retail sector industrial strategy.The manifesto added: “Labour will tackle excessive working hours. Within a decade we will reduce average full-time weekly working hours to 32 across the economy, with no loss of pay, funded by productivity increases.”It also said it will “rapidly introduce” a minimum wage of at least £10 per hour for all workers aged 16 and over. It will require cancelled shifts to be paid and proper notice for changes in hours, as well as giving all workers the right to flexible working. Labour promises new gambling act in election manifesto Topics: Legal & compliance Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

BetConstruct lands live casino supplier licence in Malta

first_img Tags: Online Gambling The Malta Gaming Authority has approved a live casino supplier licence for Soft Construct Ltd, which trades as BetConstruct. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Companies: BetConstruct Subscribe to the iGaming newsletter The Malta Gaming Authority (MGA) has approved a live casino supplier licence for Soft Construct Ltd, which trades as BetConstruct.Under the licence, the supplier may provide software for live casino games to any MGA-licenced operators.BetConstruct had previously been granted a poker licence by the MGA in October 2018 and a live casino licence from the GB Gambling Commission in March of this year.“The long-awaited accreditation granted by the Authority widens the path of our operation and the outcomes are yet to be enjoyed.” Karine Kocharyan, head of licensing and certification at BetConstruct, said.“Still, this milestone is another firm step made to strengthen our Live Casino and its game development that sees no limits in inspiration and creativity.”center_img Casino & games BetConstruct lands live casino supplier licence in Malta Regions: Europe Southern Europe Malta 29th November 2019 | By Daniel O’Boyle Email Addresslast_img read more

Aristocrat and Aspire latest to provide Covid-19 updates

first_img Aristocrat and Aspire latest to provide Covid-19 updates Casino & games 18th March 2020 | By Daniel O’Boyle Topics: Casino & games Finance Tech & innovation Subscribe to the iGaming newsletter Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Gaming machine supplier Aristocrat Leisure and platform provider Aspire Global have both issued updates on how the novel coronavirus (Covid-19) is affecting their business.Aristocrat opted to withdraw its outlook statement for 2020 due to “softer demand” as casinos across the world close to reduce the likelihood of the virus spreading.The business said it has been putting mitigation measures in place for months, as the virus has been affecting its Asian business for some time.Aristocrat also said that it is putting risk management and mitigation plans into place, so that the business may “emerge from the challenges caused by COVID19 as quickly and strongly as possible”.Aspire, meanwhile, said it is “carefully monitoring” the situation surrounding the outbreak. It said the impact should not be too severe as sports betting only represents 5% of revenue, with online casino revenue unaffected by the pandemic, while remote working has long been an “ established way of working” within the business.“Due to the relatively small part of revenues from sports betting, Aspire Global do not expect its revenues to be impacted by the broad cancellation of sports events,” the business said. “In order to mitigate the impact from the cancellation of sports events, Aspire Global and its B2B clients will re-allocate resources including media spend to the casino segment.”Tsachi Maimon, chief executive of Aspire Global, said the business remains confident going forward.“The top priority for us today is to safeguard the health of our employees and their families,” Maimon said. “We took precautionary actions early and can today conclude that we have maintained a high service level towards our operator customers.“Aspire Global has been profitable since its foundation in 2005. That, in combination with our strong cash position and ability to generate cash, we are confident about the continued execution of our growth strategy.”Aristocrat and Aspire are the latest in a long list of businesses in the gambling industry to issue updates on how the virus is affecting business.Flutter Entertainment, the parent company of Paddy Power Betfair and FanDuel, warned that the cancellation of sports events could lead to a £110m (€121.3m/$136.0m) decline in (EBITDA) as approximately 78% of its total revenue in 2019 was generated by betting on sports.Flutter’s future merger partner The Stars Group, however, said that while these cancellations will have a major impact on its sports betting revenue, it remained confident of growth as much of its revenue comes from poker and casino. The operator added that so far it has performed ahead of expectations so far in the current quarter.Ladbrokes Coral operator GVC Holdings revealed that its own EBITDA could decline by £150m because of the lack of sports betting opportunities, before adding a further loss of up to £25m when it was announced that all British horseracing until the end of April would be suspended.William Hill, meanwhile, suspended its 2019 dividend as it expects significant disruption from the suspension of professional sports – with 53% of 2019 revenue coming from sports betting – and the closure of US casinos.Affiliate giant Better Collective has said its financial targets remain unchanged despite the ongoing postponements and cancellations.The Rank Group, LeoVegas, SBTech and Sazka Group all also offered updates.Across the industry, share prices have plummeted with the The Dow Jones Gambling Index falling more than 20% in a day on Monday and more than 50% in the past month. Gaming machine supplier Aristocrat Leisure and platform provider Aspire Global have both issued updates on how the novel coronavirus (Covid-19) is affecting their business.last_img read more

Covid-19 closures push revenue and profit down at OPAP in Q1

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Greek gaming operator OPAP said a shutdown of its retail network as a result of the novel coronavirus (Covid-19) pandemic led to a year-on-year decline in revenue and profit during the first quarter. Covid-19 closures push revenue and profit down at OPAP in Q1 Email Address Tags: Online Gambling OTB and Betting Shops Slot Machines Regions: Europe 11th June 2020 | By contenteditor Greek gaming operator OPAP said a shutdown of its retail network as a result of the novel coronavirus (Covid-19) pandemic led to a year-on-year decline in revenue and profit during the first quarter.Overall revenue in the three months through to 31 March amounted to €328.3m (£294.3m/$373.2m), down 17.1% from €396.0m in the same period last year. Players wagered a total of €885.1m across OPAP’s products, a drop of 18.3% from €1.1m in Q1 of 2019.Lottery was OPAP’s primary source of income in Q1, with revenue from this segment amounting to €154.5m, down 19.4% on last year, while sports betting revenue fell 13.5% to €88.0m as a result of the closure of retail shops.The shutdown of land-based operations also saw video lottery terminal (VLT) revenue decline 3.4% to €66.6m, while instant and passives games revenue fell 43.0% year-on-year to €19.2m.However, when looking at the period up until the closure of venues on 14 March, OPAP said revenue had been up 1.7% year-on-year.Incidentally, pre-lockdown lottery revenue was down marginally down 0.8%, while sports betting revenue was up 3.2% and VLT revenue 21.5% higher year-on-year. OPAP did not publish instant and passives games revenue for the period.OPAP’s stores in Greece were closed for 58 days, 14 March to 11 May, while its locations in Cyprus were shut between 16 March and 25 May. VLTs activity resumed on 8 June across its network of PLAY stores and OPAP stores in Greece, while horse racing at Markopoulo Park is set to restart on 15 June.In terms of costs for the quarter, OPAP was able to lower spending across several areas. Gaming revenue related expenses were down 15.9% to €95.1m, on the back of lower revenue during the period.Payroll expenses remained almost flat at €19.8m, while marketing costs were cut by 15.0% to €12.6m, as a result of less advertising spend in retail venues and a stronger focus online. Other operating expenses were down 7.6% to €25.3m.However, despite lower costs across the business, earnings before interest, tax, depreciation and amortisation (EBITDA) was down 23.5% to €86.4m. After accounting for €27.1m in depreciation and amortisation costs, operating profit amounted to €59.3m, a drop of 30.8% on the previous year.Finance costs in Q1 amounted to €11.4m, which left OPAP with €48.8m in profit before tax. After paying €15.0m in tax, profit for the period stood at €33.8m, a drop of 40.4% from €56.7m in the first quarter of 2019.OPAP chief executive Jan Karas described the first quarter as “double faced”, highlighting sizeable growth in the period up until the closure of retail stores, whereas after the shutdown, it saw a severe decline in revenue.“Nonetheless, we reported an overall solid set of results by putting promptly into effect our business continuity plan, achieving material cost savings and enhancing liquidity,” Karas said.“During this exceptional period, our focus and preparatory work related to online, started paying off; we delivered strong customer growth, while significantly improving our online product offering through the launch of virtual and casino games.”Karas also pointed out that OPAP in April agreed a deal to acquire an additional stake in Stoiximan’s Greek and Cypriot business, with the aim of reaching an effective 84.49% holding and giving it a greater online presence.In addition, he paid tribute to the group’s network, praising staff for adapting to new working conditions and claiming a 99% reactivation rate from the first day of reopening.“I am confident that our agents’ and employees’ hard work, positive spirit and commitment will drive once more OPAP’s business forward,” Karas said. Subscribe to the iGaming newsletter Casino & games Topics: Casino & games Finance Lottery Sports betting Slotslast_img read more

Bojoko urges fairness as report uncovers affiliate revenue share as low as 8%

first_imgPublished by Bojoko, the report focused on online casinos listed on its website that it has a 45% revenue share agreement in place with. Subscribe to the iGaming newsletter “Transparency is absolutely key to trust, and by building an additional layer of trust into these partnerships we can ensure they are long and successful. In terms of how to address the issue, Karhu put forward a number of suggestions, such as an even revenue share split that does not favour either party, better communication from the casino operator to the affiliate, greater transparency in advertising for affiliate programmes, and for affiliates to question what they receive from their partners. “When an affiliate and operator agree to share revenue and the cost item is reasonable, it should be split evenly,” he said. “When it’s a question of cost-per-acquisition (CPA), which refers to a one-time reward to the affiliate for referring a qualified new player, the operator should absorb the fees – as the industry standard is now. Topics: Marketing & affiliates Marketing Karhu said while these fees are essential, he, feels each partnership needs more balance. Casinos fees can relate to a number of factors such as local market taxes, banking fees, marketing, licensing costs, bonuses, chargebacks, software provider fees and admin expenses. Karhu added that the new Professional Gambling Affiliate Association (PGAA) could also play a key role in future talks. Launched in October, the association aims to address the imbalance in the relationship between operators and affiliates. Online casino comparison website Bojoko has called for greater fairness and transparency in the igaming affiliate market after a new report showed some partners were only paying an 8% rate on net revenue share. “This is because with a CPA, the operator believes in their ability to enjoy more revenue than the paid CPA and yield a positive return on investment due to their operational excellence. Reflecting on the findings, Bojoko chief business officer Joonas Karhu said the report shows that more needs to be done to improve the relationship between both parties. The highest revenue share percentage stood at 40.8%, while 18 of the casinos audited had an after-fees revenue percentage lower than 16%, and 23 casinos between 30% and 41%. Are operators taking advantage of affiliates by making too many deductions from their share of the takings or are they simply reacting to changes in the marketplace and trying to claw back some overgenerosities of the past? Next week, iGB will publish an article exploring this topic. “This is a breakthrough moment for both operators and affiliates, providing contractual security for both parties around key areas of any working relationship and commercial agreement,” Karhu said. Email Address Tags: Bojoko “But the report does more than just highlight this issue – it provides solutions and steps that can be taken to ensure fairness and transparency so that both parties can maximise the benefit of the relationship.” “Affiliates have long played a vital role in driving new players and first time depositors to online casinos, and the PGAA contract ensures they are rewarded fairly for doing so. Despite this arrangement, average net revenue share after all casino fees stood at 23.9% among the casinos, with 8% being the lowest share. “We accept the need to pay fees on revenue share agreements, but those fees must be fair and transparent so that affiliates have the opportunity to discuss them before entering into an agreement to promote and operator’s brand,” Karhu said. “Revenue share agreements and fees have been an area of concern for some time now, but with our contract we can overcome these for the benefit of both parties.” Marketing & affiliates AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “But when it comes to revenue share agreements, costs should be split as the operator is not paying an up-front free for the player, rather sharing the revenues they generate over time.” 23rd April 2021 | By Robert Fletcher Bojoko urges fairness as report uncovers affiliate revenue share as low as 8%last_img read more

Ponting formally inducted into ICC Cricket Hall of Fame

first_img Share on Facebook Tweet on Twitter Euro 2020, Italy vs Wales LIVE: Matteo Pessina goal helps Italy beat Wales, finish top of Group A with flawless record; Follow Live Updates Cricket Latest Sports News Ricky Ponting was today (Wednesday) formally inducted into the International Cricket Council (ICC) Hall of Fame.The former Australia captain received his commemorative cap from compatriot ICC Cricket Hall of Famer Glenn McGrath during the tea break on the opening day of the Boxing Day  Test against India in Melbourne. WI vs SA 2nd Test Day 3 Live: South Africa in huge trouble; SA 59/6 (22.3 ov)- Follow Live Updates PSL 2021 Eliminator 1 PES vs KAR LIVE: best way to watch Peshawar Zalmi vs Karachi Kings Live Streaming in your country, India, Follow Live update Facebook Twitter Previous articleIndian Boxing: Kuttappa new chief coach for men, Vikas out of camp after pro plungeNext articleMom Sania Mirza is back in action with lights… camera… Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinition|SponsoredSponsoredMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsored Cricket Ponting formally inducted into ICC Cricket Hall of Fame Cricket Cricket Euro 2020- Switzerland beat Turkey 3-1: Shaqiri’s brace keep Switzerland hopes alive; Turkey face exit from Euros Cricket Football RELATED ARTICLESMORE FROM AUTHOR WTC Final LIVE: Jamieson says, ‘nice and pleasing to get Virat Kohli’s wicket’; Gill feels India could have got more wickets BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start Cricket By Kunal Dhyani – December 26, 2018 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likecio.comUnlocking the Success of Digital Transformation with Active Intelligencecio.comE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! OnlinePhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickPonting was named in the ICC Cricket Hall of Fame along with former India captain Rahul Dravid and England woman wicketkeeper-batter Claire Taylor during the ICC Annual Conference in Dublin in July, which Ponting could not attend.Ponting, after receiving the cap, said: “It’s an incredible feeling, I think for it to happen here at the MCG is what makes the whole thing a little bit more special. I found out today I am one of 25 Australians to be inducted. When you play one Test for Australia, you join a very elite group of players but now to part of the ICC Hall of Fame, you join an even more elite group of cricketers, so it’s a pretty special day today.Also Read: Ponting concerned over Bancroft, Smith revelations on ball tampering“I have lots of great memories with Glenn. I went to the cricket academy with Glenn in about 1990, so I have known Glenn for a long time. It’s a really cool thing that they do to have a fellow inductee actually hand over your cap and induct you in, so to have someone like Glenn do it, with whom I’m working with now and have played with for 10 or 12 years, makes the whole thing a little bit better.“It’s great recognition. I thank the ICC for what they have done in making this possible. To be here in the MCG with 75,000 people, it makes it an awesome day.”Ponting, a three-time ICC Cricket World Cup winner – twice as the captain – is the 25th Australia cricketer to be formally inducted into the ICC Cricket Hall of Fame. The 44-year-old retired from international cricket in 2012 after scoring 13,378 runs in 168 Tests with 41 centuries, 13,704 runs in 375 ODIs with 30 centuries and 401 runs in 17 T20Is with two half-centuries.Ponting was named the ICC Player of the Year in 2006 and 2007 while also being named the ICC Test Player of the Year in 2006.Also Read: Ponting, McGrath spearhead Channel 7 commentary panel for India series CricketLatest Sports NewsSports BusinessNewsSportSportstars Football TAGSICCICC Cricket Hall of FameICC Hall of FameICC PLAYER OF THE YEARICC Test Player of the YearInternational Cricket CouncilRicky Ponting SHARE Cricket WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video WTC Final Day 3 Stumps: India remove Conway and Latham but Kiwis on top; NZ 101/2 (49 ovs) trail by 116 runs Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crorelast_img read more