Greggs in record profit

first_img Greggs in record profit Baker Greggs made a record profit in 2010 as shoppers tucked in to its value-for-money sausage rolls, pasties, cakes and buns in a tough economic climate.The Newcastle-based company, which also sells sandwiches and bread to over six million customers a week from about 1,490 shops, said it was well positioned to make further progress in 2011 despite consumers’ declining disposable income and rising global commodity prices. whatsapp More From Our Partners Connecticut man dies after crashing Harley into live bearnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com KCS-content Share Tags: NULL Show Comments ▼ Wednesday 16 March 2011 8:34 pm whatsapplast_img read more

Apollo Global Management float to raise £350m as demand soars

first_imgTuesday 29 March 2011 9:04 pm Apollo Global Management float to raise £350m as demand soars SHARES of private equity firm Apollo Global Management priced at the top of a proposed range last night and its initial public offering is set to raise a higher than expected $565.4m (£353.4m), an encouraging sign for other asset managers considering public offerings.Founded by former Drexel Burnham Lambert banker Leon Black in 1990, Apollo follows Blackstone and Kolhberg Kravis Roberts in the spate of private equity firms going public.The IPO could set the stage for others such as Carlyle Group, which may file papers to go public later this year.The offering totals 29.8m shares, more than originally expected. Apollo itself is selling 21.5m shares, about 19 per cent more than it had planned, while stockholders are selling 8.3m shares, as planned. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyBetterBe20 Stunning Female AthletesBetterBeNews SharperGrab A Tissue Before You See Richard Simmons At 72News SharperUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today KCS-content Tags: NULLcenter_img Show Comments ▼ Share whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapplast_img read more

Industrial output another boon for German growth

first_img Industrial output another boon for German growth More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Thursday 7 April 2011 8:36 pm GERMANY’S economy is growing at almost twice the Eurozone average in 2011, economists forecast yesterday, after another week of positive data.Industrial output was up 1.4 per cent in February compared to January, official data from the German ministry of economy showed yesterday. “The good news for Germany continues,” said Markit’s Chris Williamson. “The country looks to be on course for its economy to have grown by 1.5 per cent in the first quarter, almost double the 0.8 per cent growth rate we expect to see for the Eurozone as a whole.”In neighbouring France, the trade deficit for February increased for the fourth consecutive month, reaching a record high of €6.55bn (£5.73bn), figures showed yesterday. Show Comments ▼ whatsapp Share KCS-content Tags: NULL whatsapplast_img read more

OFFICE SPACE FALLS TO PRE-LEHMAN LEVELS

first_img AVAILABILITY of office space in central London has fallen to 16.7m square feet, its lowest level since September 2008, according to research by real estate and property service firm Knight Frank.”This is a a quarter-on-quarter fall of nine per cent and a fall of 18 per cent over the last 12 months, leaving a vacancy rate of just 7.4 per cent, similar to the levels seen before the collapse of Lehman Brothers. Despite developments across the City, the pipeline is currently failing to replace transacted space. Tuesday 26 April 2011 7:44 pm KCS-content More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org OFFICE SPACE FALLS TO PRE-LEHMAN LEVELS Sharecenter_img Tags: NULL whatsapp Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldlast_img read more

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