first_img whatsapp Share Tags: NULL Monday 25 October 2010 3:15 am 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 PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm FTSE opens higher ahead of key data The FTSE 100 rose on opening this morning with heavyweight miners likely to be buoyed by a softer dollar after the Group of 20 major economies agreed to avoid competitive currency devaluations.The blue chip index looks set to gain 43 to 48 points, or as much as 0.8 percent, according to financial bookmakers, after it closed 16.49 points, or 0.3 percent, lower at 5,741.37 on Friday, retreating after hitting a six-month closing high in the previous session.In terms of domestic economic data, preliminary third-quarter GDP data, due on Tuesday, should attract a lot of attention.With nothing significant due on Monday, investors will look ahead to releases later in the week including the October Nationwide house price index on Thursday along with October’s CBI distributive trades survey, with GfK October consumer confidence data due after the market’s close that day.On Friday, investors will look at Bank of England September consumer credit, mortgage lending and mortgage approvals data.On the other side of the Atlantic, a speech by Federal Reserve Chairman Ben Bernanke, could outline details of an expected new round of US monetary stimulus.Later in the week, the August US Case-Shiller house price index along with October Conference Board U.S. consumer confidence data is due on Tuesday, September’s US durable goods and new home sales data are scheduled for release on Wednesday, weekly US jobless claims data is due on Thursday, with US GDP data out on Friday. center_img whatsapp John Dunne Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap last_img

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first_img Email Address The UK’s Competition and Markets Authority (CMA) has given its approval to Inspired Entertainment’s proposed acquisition of Gaming Technology Group (GTG), a division of Austrian gaming equipment and solutions giant Novomatic’s UK subsidiary. 20th September 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance CMA clears Inspired to acquire Gaming Technology Groupcenter_img Topics: Finance Legal & compliance Strategy Tags: OTB and Betting Shops Subscribe to the iGaming newsletter The UK’s Competition and Markets Authority (CMA) has given its approval to Inspired Entertainment’s proposed acquisition of Gaming Technology Group (GTG), a division of Austrian gaming equipment and solutions giant Novomatic’s UK subsidiary.In June, Inspired entered into a definitive agreement to purchase GTG for $120m (£96.1m/€108.8m). The deal covers the six companies within GTG, including Gamestec Leisure, Playnation Limited, AstraGames Limited, Bell-FruitGroup Limited, Harlequin Gaming Limited and Innov8 Gaming Limited.Inspired, which required the CMA’s approval to proceed with the acquisition, now said it expects to complete the purchase on or about October 1, 2019, subject to various other customary closing conditions.“We are pleased to have received approval from the CMA and are grateful for their diligence and efficiency in reviewing the transaction,” Inspired’s executive chairman, Lorne Weil, said.“The anticipated successful completion of this acquisition is expected to be an exciting step forward in the evolution of Inspired into a global gaming company with a comprehensive portfolio of products and services and world-class functional expertise in the gaming industry.”Upon announcing the initial agreement, Inspired said GTG’s Category B3, C and D games businesses would complement its B2 and B3-focused operations, allowing it to diversify its UK business and expand into new sectors.Gamestec supplies UK pubs with various gaming machines, while Innov8 Gaming is a gaming machine developer providing Category B3 and C gaming machines within NTG and to external customers. Playnation provides terminals for the UK holiday and leisure industry.AstraGames manufactures and provides Category B, C and D gaming machines, whereas Bell-FruitGroup mainly sells Category C machines to European markets. Harlequin Gaming runs as the game development studio for both AstraGames and Bell-FruitGroup.Should the acquisition go through as expected, Inspired would manage more than 75,000 gaming machines across the UK and Europe.last_img

first_img Regions: Europe Central and Eastern Europe Germany Topics: Legal & compliance Niedersachsen minister: more payment blocking orders to come Subscribe to the iGaming newsletter Lower Saxony’s (Niedersachsen)  Minister of the Interior and Sports, Boris Pistorius, has issued a letter to the German banking industry warning banks against processing payments for unlicenced gambling websites and saying further payment blocking orders may come soon. Email Address 3rd February 2020 | By Daniel O’Boyle AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Lower Saxony’s (Niedersachsen) Minister of the Interior and Sports, Boris Pistorius, has issued a letter to the German banking industry warning banks against processing payments for unlicenced gambling websites and saying further payment blocking orders may come soon.Pistorius wrote to members of Germany’s five leading banking industry associations to remind them that under Germany’s third state treaty on gambling, payment providers may not facilitate payments towards illegal gambling.As part of the treaty, the Lower Saxony Ministry of the Interior and Sports was charged with enforcing this ban.In June 2019, the ministry issued its first payment blocking order to an unnamed payment provider. While it has not yet issued another, Pistorius warned that “further prohibition orders are expected to follow.”Pistorius said that the ban on processing these payments was an essential piece of the country’s gambling framework.“This prohibition on participation applies immediately and obliges the payment service providers to take appropriate measures on their own responsibility,” Pistorius said. “This is based on the consideration that an essential part of the infrastructure required for the operation of unauthorised gambling would be lost and that the action against unauthorised gambling could be sustainable if payment service providers behaved legally and did not make corresponding payments.”Pistorius noted that as it was difficult to take action against offshore gambling operators, stopping payments was the most effective way to crack down on illegal gambling such as online poker and secondary lotteries. “Since the gaming providers are usually based abroad (especially in Malta and Gibraltar), where they largely elude the access of the German supervisory authorities, the legislators also made the parties involved in payment transactions directly responsible,” Pistorius said.“It is up to the individual company to decide which measures it makes sense to take to effectively and permanently comply with the ban.”The Third State Treaty on Gambling will only last until 30 June, 2021, after which the Fourth State Treaty will come into effect. The current draft of the treaty would retain the monopoly structure of Germany’s state lottery industry, while also lifting prohibition on online casino and allowing for sports betting, legalised in the third State Treaty to continue.However, the draft treaty does include several restrictions, including a ban on live betting and over/under betting, as well as a €1,000 deposit limit across all operators. in addition, the current version of the treaty would include a €1 per spin stake limit on slots, a ban on autoplay and an extension of the state monopoly on online casino, or “virtual bankholder games.” Tags: Payments Legal & compliancelast_img

first_img16th March 2020 | By contenteditor CSR Tags: Charitable Gaming Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Spain’s initiation of a countrywide lockdown in a bid to halt the spread of novel coronavirus (Covid-19) has prompted state-owned lottery operator Sociedad Estatal Loterías y Apuestas del Estado (SELAE) to suspend all ticket sales. Spanish national lottery suspends ticket sales Subscribe to the iGaming newsletter Email Address Spain’s initiation of a countrywide lockdown in a bid to halt the spread of novel coronavirus (Covid-19) has prompted state-owned lottery operator Sociedad Estatal Loterías y Apuestas del Estado (SELAE) to suspend all ticket sales.As of 15 March, the sale of tickets at all points of sale and online, as well as the payment of prizes of less than €2,000 (£1,816/$2,240) has been suspended.All draws taking place from 16 March onwards are postponed until a later date, with all tickets purchased to date to remain valid when the draws are finally held.The EuroMillions and El Millón draws scheduled for 17 and 20 March will be held as scheduled, though no more tickets will be sold.With citizens ordered to remain at home, the deadlines for claiming and collecting winnings will be extended.Some financial institutions such as banks will remain open, meaning it is possible for prizes over €2,000 to be collected. However, SELAE recommends that players do not go to these establishments for this purpose, as a result of the extended deadlines.All measures will remain in force until the state of emergency is declared over. At the time of writing, the lockdown is due to be in effect for at least two weeks, during which time citizens are banned from leaving their homes unless to buy essential supplies and medicines or for work.Covid-19 has already led to widespread disruption for the gambling industry, which began with all Italian retail gaming outlets being shuttered earlier this month. Countries including Belgium and the Netherlands have also shut their casinos, while almost all major sports leagues have suspended fixtures at least until 3 April.Over the weekend casinos in a number of US states also closed their doors as measures against the virus are stepped up. Regions: Europe Southern Europe Spain Topics: Lottery People Social responsibility CSRlast_img

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