The Collection MoDa: Taking Jamaica’s Creative Industry to New Levels

first_imgKINGSTON, Jamaica – Kerry-Ann Clarke went from being a passionate, wide-eyed Design Marketing student in Paris to running her own local boutique Kerrymanwomanhome and becoming one of the key players promoting regional creativity and taking Jamaica’s creative industry to the next level.As a child, Clarke had always had a passion for fashion and all things creative. She decided to sharpen her skills and sense of style by attending the Parsons School of Design in Paris. “I went to study Fashion Designing and after a year, I decided that I didn’t like Fashion Design and ended up studying Design Marketing”, a mixture of fashion and business.After returning to Jamaica, she opened her own lifestyle boutique Kerrymanwomanhome in 2003. “It’s a concept store, that’s how I describe it to people. Its everything lifestyle, not just clothing and gift items. We sell everything from coffee table books, candles, handbags and of course, jewelry and clothing for men and women.”From the establishment of Kerrymanwomanhome, Kerry-Ann soon realized that local designers were requesting to have their products sold in the store. She offered enough critique and business advice to local designers to turn it into another business venture, and thus, The Collection MoDa was born.The Collection MoDaThe Collection MoDa is a business development platform that helps local and regional creatives showcase their talent and take their business to the next level. “I realized that there was a need for creatives to understand the business side of the industry because typically, creatives aren’t really business-minded.” Clarke found her business partner Aiesha Panton and since 2011, the pair have launched several series of showcases aimed at promoting creatives.The MoDa Runway is one of the most popular fashion platforms in Jamaica which allows regional designers to showcase their designs every year. The Collection MoDa has also launched MoDa Market, MoDa Music, and MoDa Eats to promote other regional creatives.“The vision for Collection MoDa is that it becomes the premier platform for Caribbean creatives, with Kingston being the hub of creative activity.” The Collection MoDa already has a creative representative from Trinidad and Tobago and plans to incorporate Haitian creatives in their annual events this year. More Education & Assistance Needed For Local CreativesDespite the success of The Collection MoDa so far, Clarke says much more education and assistance is needed to assist local creatives in business. “I find that a lot of creatives do not know that there are channels available to them, for example, registering with the Jamaica Manufacturers Association (JMA) to take advantage of the benefits. I find that many creatives also don’t believe in their work so they need help with selling their products and even pricing their items.”Kerry-Ann Clarke is now among one of the key players in Jamaica’s creative industry helping to educate and assist local and regional creatives.last_img read more

VIEW FROM THE SIDELINES: You Win Some and You Lose Some

first_imgKINGSTON, Jamaica – There have been two humiliating results from sporting events over the past week, which have evoked contrasting emotions.Firstly, West Indies Under-19 cricket team suffered a heart-breaking two-wicket loss to New Zealand in the quarter-final on the ICC World Cup in South Africa.The West Indies posted 238 all out and appeared to be coasting to victory when they reduced New Zealand to 153-8 in the 35th over, but tail-enders Kristian Clarke with an unbeaten 46, and Joey Field, unbeaten on 38, engineered and record 86-run ninth-wicket partnership to snatch victory from the jaws of defeat with two balls to spare.The West Indies’ Jamaican Kirk McKenzie had blasted 99 but was forced to retire hurt with what appeared to be severe cramps in the 42nd over, only to be dismissed with the first ball when he resumed in the 48th over.At one stage the West Indies were 183 for three in the 36th over but lost their last seven wickets for just 55 runs in an unbelievable collapse.Head Coach Graeme West explains the dramatic collapse.“The team was looking at 280, 290 and even possibly more if we really went well in that last 10 or 12 overs but we lost three very quick wickets to very, very soft, poor shots and lost all momentum.“We were fortunate to get up to get up to [238] in the end so we were at least 40 runs short of what we should have gotten ourselves to.”He noted that McKenzie being forced off at that time was a huge blow to the momentum of the innings.“When you have a man that’s in and well set, you’re hoping that he goes on and really bats through the innings but that wasn’t the case,” the Englishman recalled.“He was struck down at a crucial moment because that was around the time we lost a couple of wickets. He played a fantastic innings, something he’s been threatening for some time without really making a big score but I was delighted to see Kirk really demonstrate his quality.”West then said the bowlers executed well to reduce New Zealand to 67 for four in the 16th over and despite a half-century, fifth-wicket partnership, left-arm spinner Ashmead Nedd put the Caribbean side in command by snatching three quick wickets.But somehow the regional side found a way to lose the contest and with it a chance to register a second triumph at the tournament.West’s explanation is that the “death bowlers” failed to execute in the latter stages of the contest.But this is where I take a divergent view from the coach.From my standpoint, the so-called “death bowlers” served up fashionable slower balls, wide balls and other deliveries which were welcomed by the tail-enders.At the end of Nedd’s spell, the time was right for Captain Kimani Melius to turn to the impressive fast bowler Jayden Seales to clean up the tail. The 18-year-old had been the talk of the tournament delivering balls close to 90 miles per hour and clearly disturbing all the batsmen with hostility, with skills and a great deal of control.But somehow he was never given the ball after had completed 21 runs, including a maiden, from six overs. Generally, he was the West Indies’ best bowler at the tournament, and on the day he was the best of the fast bowlers and was the only one who had bowled a maiden over.The snubbing of Seales is yet to be explained if it can be.Though the West Indies should have put more runs on the board, and though they dropped a few critical catches, not having Seales bowl his full allotment of 10 overs was a gigantic mistake, and that’s where, I believe, the West Indies lost it.Then on Saturday night, the Reggae Girlz were humiliated 9-0 by Canada in their CONCACAF Olympic Qualifying Group B game in Texas.To say the Reggae Girlz have had a bumpy and rugged road to tournaments since their historic trip to the FIFA World Cup in France last summer, would be an understatement.But truth be told, they were always fighting an uphill battle to gain one of the two spots to the Tokyo Olympic Games this summer.They might have lost Head Coach Hue Menzies, and his number one assistant Lorne Donaldson, along the way, but they are not at the same level of preparedness and cohesion as they did leading up to the World Cup qualifying campaign.For those who might have forgotten, their performance at the Pan Am Games in Peru last year was nothing to write home about. They lost 0-2 to Mexico, 1-3 to Paraguay, 0-2 to Colombia and edged Peru 1-0.Canada is a top-10 team on the FIFA world ranking, while Jamaica is at 51st. My experience in sports in general and football, in particular, is that on any given day just about any result is possible. One needs to look no further than the 2014 FIFA Men’s World Cup semi-finals when eventual champions Germany embarrassed home team Brazil 7-1.I suspect what made this loss so much harder to accept was because fans thought that after qualifying for the World Cup Finals, it was now a natural progression to qualify for the Olympic Games.But one should always remember that there’s no Devine right for Jamaica or any other nation to qualify for any tournament.The Netherlands finished third at the 2014 FIFA World Cup Finals but failed to qualify for the next Euro Championship, and history is replete with devastation failures immediately after glowing successes. That’s the nature of sport and we had better get used to it.last_img read more

The 2017 Formula 1 Mid-Season Report Card (2): How Are the Teams Faring At…

first_imgThe 2017 Formula One season being the 71st season of Formula One motor racing features ten teams and twenty drivers. This is one team and two drivers short of the 2016 season after Manor Racing closed down effectively in March as administrators could not find buyer for the struggling Banbury-UK based team. Just Racing, the parent company of Manor, had gone into administration earlier in January.Dominating talks coming into the season was the retirement of the reigning Drivers’ champion, Nico Rosberg. The German driver had announced his shocking retirement in December 2016 after triumphing over title favourite teammate, Lewis Hamilton. The 2017 season is the first since 1994 in which the reigning champion did not compete. That, coupled with the announcement of Williams’ Valtteri Bottas as replacement for the retired reigning Drivers’ champion put Lewis Hamilton in pole position to reclaim the title he last won in 2015.However, after a fortnight of winter testing in Barcelona, Ferrari emerged as genuine title contender as their SF70-H showed impressive reliability.This performance put Sebastian Vettel and Kimi Raikkonen in the mix for the battle to end Mercedes’ winning streak and Ferrari’s nine-year constructors’ title drought. With one point separating both Ferrari’s Vettel and Mercedes’ Hamilton after 10 races, there is no doubting the amount of grounds the Prancing Horse has covered over the Silver Arrows.The second and concluding part of our 2-part series review focuses on how the 10 Formula One teams on the grid have shaped up at the halfway point. From Mercedes-Ferrari title battle, Red Bull surge and the misery at McLaren………Mercedes W08 (L) and Ferrari SF70-H (R) have been relatively marched in 2017Mercedes-Benz F1 W08 Hybrid and Ferrari SF70-H at Formula One World Championship, Rd3, Bahrain Grand Prix Preparations, Bahrain International Circuit, Sakhir, Bahrain, Thursday 13 April 2017.MERCEDES – 330pts [Lewis Hamilton – 176pts; Valtteri Bottas – 154pts]Lewis Hamilton (L) and Valtteri Bottas (R)Struggled with balance, set up and putting the tyres into their temperature operating window early in the season after the FIA insisted their suspension system had to be changed but are now fully up to speed. Still quickest in qualifying and boast two drivers both scoring strongly. Remain the team to beat – but only just.FERRARI – 275pts [Sebastian Vettel – 177pts; Kimi Raikkonen – 98pts]Kimi Raikkonen (L) and Sebastian Vettel (R)On a par if not quicker than Mercedes in race pace, the Scuderia have a car that has proved easy to set up, well-balanced – especially through the corners – and have backed it with aggressive and largely successful strategy calls. Raikkonen has not scored well but Vettel is making the most of finally having a competitive ride.RED BULL – 174pts [Daniel Ricciardo – 117pts; Max Verstapen – 57pts]Daniel Ricciardo (L) and Max Verstapen (R)Opened the season off the pace due to a discrepancy between data from the wind tunnel and performance on the track but now have it licked. The car is improving but remains behind the two leaders. They are confident of stepping up as the season progresses and, though the championship is beyond them, race wins are on the cards.FORCE INDIA – 95pts [Sergio Perez – 52pts; Esteban Ocon – 43pts]Sergio Perez (L) and Esteban Ocon (R)Finished fourth last season and are punching well above their weight again this year. Two fiercely competitive drivers have been scoring points hand over fist and managing them on track is proving to be a tricky task. The best of the midfield bunch, they are not challenging the big three but are the team the others must catch.WILLIAMS – 41pts [Felipe Massa – 23pts; Lance Stroll – 18pts]Lance Stroll (L) and Felipe Massa (R)Started the season with a car that was better than they expected, but are still adjusting to losing Bottas to Mercedes. Stroll has taken time to adapt in his rookie season and is finding his feet, so points have been scarce. The team will develop strongly as Paddy Lowe makes his presence felt and could yet catch Force India.TORO ROSSO – 33pts [Carlos Sainz Jr. – 29pts; Daniil Kvyat – 4pts]Carlos Sainz Jr. (L) and Daniil Kvyat (R)pHad what looked like a decent package at the start of the season but have failed to exploit it fully. Too many DNFs have cost the team but Carlos Sainz Jr. has once again proved worthy of more in Formula One, qualifying well and having been daring and skilful while racing.HAAS F1 – 29pts [Romain Grosjean – 18pts; Kevin Magnussen – 11pts]Kevin Magnussen (L) and Romain Grosjean (R)Still only the team’s second year in Formula One and so taking 29 points to date can be deemed a success. Now the American team need to find consistency and reliability. The car is temperamental and tricky to balance and set up, but Grosjean has done well when he finds the sweet spot.RENAULT – 26pts [Nico Hulkenberg – 26pts; Jolyon Palmer – 0pt]Jolyon Palmer (L) and Nico Hulkenberg (R)Still a development year as the manufacturer returns to Formula One with a car it has designed. The power unit also needs work and Palmer’s place is under threat – he is yet to score a point and has been outraced by his teammate Hülkenberg. Have the resources to develop well but there is still a long way for them to go.SAUBER – 5pts [Pascal Wehrlein – 5pts; Marcus Ericsson – 0pt]Marcus Ericsson (L) and Pascal Wehrlein (R)Running a year-old Ferrari engine meant this season would always be a struggle but they have been hampered by internal politics that ended in the team principal, Monisha Kaltenborn, leaving and her replacement over a fortnight by the former Renault chief Frédéric Vasseur. Expected to be at the back of the field and should be overtaken by McLaren.MCLAREN – 2pts[Fernando Alonso – 2pts; Stoffel Vandoorne – 0pt]Fernando Alonso (L) and Stoffel Vandoorne(R)A once mighty team rendered powerless by the woeful performance and reliability of their Honda engine.A divorce looks inevitable. Still clinging on to their greatest asset – the double world champion Alonso – who has proved the chassis is strong but the Spaniard will likely walk if he can find another drive for next season.My Take on the Season so far………There is no gainsaying the fact that Mercedes remains the team and Lewis Hamilton the driver to beat, but Ferrari remains an easier car to make work – the SF70-H seems to be competitive whenever it hits the track, no matter what the situation is.The performance balance at the top has left many within the paddock with little or nothing to separate both teams.Whether the season remains a two-horse race remains the question that lingers as the second half of the 2017 Formula One season starts in Hungary this weekend. Has Daniel Ricciardo’s resurgence or Valtteri Bottas’ incredible form made it a three-horse or perhaps a four-horse?Sebastian Vettel and Lewis Hamilton’s impeccable run of form has only proven that the title is not beyond either of the drivers. If anything at all, Ricciardo and Bottas are just the drivers to add more excitement to the season and nothing more.Going by the battle we have seen in the first half, the second half can only be more exciting! Soliu Adeyemo is a renowned Formula 1 Expert. Follow him @SolihuF1 on Twitter and Instagram for more updates and analysis.RelatedThe 2017 Formula 1 Pirelli Magyar Nagydij PreviewJuly 29, 2017In “Sports”F1 Champion Hamilton Extends Mercedes ContractJuly 19, 2018In “Formula One”The 2017 Formula 1 Mid-Season Report Card (1): A Review of Major EventsJuly 23, 2017In “Sports”last_img read more

Wellbet announces multi-season partnership with Lega Serie A

first_img 188BET becomes official sponsor of F1 Asia January 10, 2020 Share Related Articles StumbleUpon ISG scores La Liga matchday virtual ads deal with Mediapro April 17, 2019 F1 rumours see Sportpesa partner with team Racing Point January 25, 2019 Submit Share Asian online entertainment site Wellbet has announced a multi-season regional partnership alongside one of the most popular football leagues in the world, Lega Serie A.Visual advertising specialists ISG have worked with Lega Serie A to develop this new category of International Presenting Sponsor. The partnership will see the Wellbet brand comprehensively integrated into match graphics and virtual advertising in all live Serie A matches broadcast across Asia.Mark Lu, Wellbet Communications Director, said: “Wellbet are proud to be partnering with one of the world’s elite football leagues. Both organisations have shared values, delivering the very best for fans and customers respectively. The partnership is the first of its kind and we look forward to working with Serie A, and all the partners involved, to ensure a long and successful alliance.”A spokesperson for Lega Serie A emphasised that ‘this agreement represents a significant regional partnership and their ongoing commitment to Lega Serie A’s international growth’.Simon Burgess, joint CEO of ISG, added: “We are very proud to be able to use ground-breaking regionalising technologies and strategies to help create this brand-new category for Lega Serie A, and provide such a spectacular media platform for Wellbet across the pan-Asian broadcast footprint.”last_img read more

XL Media’s Ory Weihs addresses the new business landscape for affiliates at #boscon2017

first_img Better Collective Spotlight: How Betarades.gr is driving engagement through YouTube July 30, 2020 A quartet of ‘Super Affiliates’ will be at Betting on Sports 2017 to discuss how the affiliate sector has become a primary gatekeeper for operators seeking new business.The day one ‘Leaders in Betting’ track session at #boscon2017 features four experts in ‘Navigating the new business landscape’, from XL Media CEO Ory Weihs to Better Collective CEO Jesper Soegaard, Clever Advertising Group Chief Affiliate Officer Marcos Oliveira and Bookies.com Managing Director Matthew Glazier.XL Media currently manages over 300 independent affiliate partners driving traffic through its Reef Media platform, while Better Collective, the operator for tipster network bettingexpert.com, recently acquired assets such as wettfreunde.net, sportwettentest.net, and fussballportal.de via the purchase of Austrian Hebiva Beteiligungen.This epitomises an M&A filled 2017 for the sector, including a series of high profile acquisitions in the competitive Nordic affiliate space. However, the period has also been noticeable for bookmakers putting greater emphasis on providing their affiliates with improved marketing software and player level tracking, deeper analytics and more flexible commission payouts.The panel, chaired by Best Odds Marketing CEO Lee-Ann Johnstone, will also be discussing important business practices for affiliates, including the extra challenges associated with the incoming General Data Protection Regulation (GDPR) and the need to be more creative given the probable outlawing of sports betting TV advertising before the 9pm watershed.Jesper Soegaard commented: “Betting on Sports is the most valuable sports betting conference, so I’m excited to share Better Collective’s viewpoint in order to contribute to the event and the industry as a whole.”Matthew Glazier added: “After greatly enjoying the Betting on Football event, it was a no-brainer to make another positive contribution to Betting on Sports, a great way of connecting with industry professionals. “There are many affiliates and operators attending the conference. Having worked in both spheres, I can provide insight into the current affiliate landscape and an examination of the relationship between operators and affiliate partners.”The panel will also be complemented on the second day of the conference with a full ‘Betting on Affiliates’ track dedicated to some of the latest developments in the sports betting affiliate sector.NOTE: Remember tickets are available at a 25% Group Discount if you buy 3 or more – get them HERE. Betsson rolls out new Group Affiliates site August 7, 2020 Submit Better Collective cautious on quick recovery as COVID drags growth momentum August 25, 2020 Related Articles Share Share StumbleUponlast_img read more

Integrity the key as Football DataCo launches new partnerships

first_img QPR names Football Index as new shirt sponsor August 21, 2020 StumbleUpon EFL announces that all non-Sky Sports fixtures will be available to stream August 27, 2020 Share The official data rights holder of all the professional football leagues in England and Scotland, Football DataCo has announced an integrity agreement with Genius Sports and Perform Group.  The Genius Sports and Perform partnership marks the first time that two global leaders in sports data and technology have joined forces to protect the integrity of sport.The partnership will enable all the professional league and cup competitions in England and Scotland to benefit from two highly sophisticated bet monitoring systems, identifying unusual or potentially suspicious patterns occurring in global betting markets, for over 5,000 football matches per season.  This technology will monitor all odds movements across 14 different competitions in English and Scottish football. This includes not just the core Premier League, EFL, and Scottish Professional Football League matches but also the English and Scottish FA Cups.The agreement will also see a significant expansion for Football DataCo’s existing integrity monitoring provision, which was launched in 2014 with Genius Sports.  This new partnership will see all parties working together to develop a bespoke intelligence network, capitalising on Perform Group’s and Genius Sports’ extensive industry expertise and resources. This will facilitate the development of a unique intelligence database and analytical capability that will provide Football DataCo, the Leagues and the Football Association with greater visibility and protection against threats to their integrity of their competitions. Adrian Ford, General Manager of Football DataCo, said “Ensuring the highest standards of integrity is a key priority for both English and Scottish Leagues and Football Associations. Harnessing the strengths of Genius Sports and Perform and focusing on intelligence led information will support efforts to protect the integrity of British football.”Genius Sports and Perform Group will also work together to deliver a series of educational workshops aimed at arming players, officials and league and club executives with the knowledge to identify and avoid match-fixing’s growing threat.Steven Burton, Managing Director of Genius Sports, commented: “To be truly effective, any strategy against the growing threats of match-fixing and betting-related corruption must incorporate three key elements: technology, education and intelligence. We are delighted to be extending our partnership with Football DataCo to deliver these key components and provide a greater level of protection to the integrity of English and Scottish football than ever before.”  Jake Marsh, Head of Integrity Operations at Perform Group, added: “We are delighted to announce our involvement in this innovative new project for the integrity of UK football. Perform is a great believer in innovation and progression across all our divisions, including integrity, where cooperation, objectivity and insight are paramount. The opportunity to be part of a new model for integrity provision and support is one that we believe can help best protect UK football. Together with Genius Sports, we look forward to working with the associations and leagues to bring football integrity into a new era.” Premier League looks to broadcast every behind-closed-door fixture August 28, 2020 Share Submit Related Articleslast_img read more

Winning Post – Significant statistics from Europe

first_imgShare CT Gaming bolsters Italian profile with The Betting Coach  August 27, 2020 Björn Nilsson: How Triggy is delivering digestible data through pre-set triggers August 28, 2020 Senet Australia appoints Paul Newsom as new client advisory lead  August 27, 2020 StumbleUpon Related Articles Submit Share Regulus Partners, the strategic consultancy focused on international gambling and related industries, gives an insight into some of the key developments in the gambling industry as part of its ‘Winning Post’ column. Europe: Remote markets – Lies, damned lies and growth statistics.Italy’s online gambling market finished 2017 in style, with c. 34% overall regulated market growth (excluding lottery and skill games) to c. €1,330m. Sports betting was especially strong, with December results against a weak comparison period +287% YoY to €82m, leading to official betting market revenue for 2017 up  59.4% to €556m (42% mix). Online casino grew 29% to €567m (43% mix), while poker was flat at €153m (12%). These are impressive figures that cement Italy’s position as the second biggest market in Europe (albeit against only 22% of the UK). They are also highly misleading.The Italian sports betting market is undoubtedly experiencing strong underlying growth online. However, there are two elements to the stated figures which need to be taken into consideration. Firstly, SKS365, the second biggest operator in the market, only gained a full domestic licence for online sports betting in April: this added c. €65m to the 2017 figure, with c. €15-20m missing from Q1, and all missing from the prior period; 2017 market revenue is therefore understated by c. 3% and growth overstated by c. 16ppts. Secondly, Italy is a market of multiples (excluding bet365), with high but volatile margins: December’s revenue figure is c. 40% bigger than normalised performance, further flattering growth by c. 8ppts. Underlying growth in Italy is therefore likely to be closer to a much more ‘normal’ (for less developed markets) 32%: highly attractive, but a very different figure from the nearly 60% officially advertised. These market dynamics are also worth considering within the context of Italy’s forthcoming expansion of online licensees, with 120 new licences added to or replacing the extant 86.Q4 trading statements are likely to be very positive for most European betting companies given spectacular football margins, while the reduced recycling ‘excuse’ for lacklustre staking growth is genuine enough. For example, we are increasing our expectations for UK remote sports betting revenue in 2017 by c. £110m, which allows a medium-term growth pattern of c. 20% to continue. However, underlying trends point to a material slowdown from the very strong growth seen since c. 2012, with 20%+ reducing to c. 12% (albeit without a major international football tournament in the Summer).  While margin volatility is different to non-comparable statistics, it nevertheless significantly distorts underlying trends and will also create extremely difficult comps: stakeholders should not be too satisfied with the outcome for 2017, or assume that the period of super-normal mobile growth is continuing unabated; equally, companies should not panic too much this time next year.UK: In Parliament – Generals move but war goes on.The gambling debate returned to full swing in Parliament this week as questions were asked, meetings were held, reports were issued, reports were disputed and appointments made.Mrs May’s Cabinet reshuffle saw Karen Bradley (Cons, Stafford Moorlands) move on up to become Minister for Northern Ireland with Matt Hancock (Cons, West Suffolk) taking her place. Hancock has been a supporter of the horse racing industry (Newmarket is in his constituency) but this has not always ensured his sympathy for betting (before becoming a minister, he called for offshore gambling operators to pay duty in Great Britain).It is perhaps not ideal that in the middle of a major review, gambling should lose both its Secretary of State and its regulator (the CEO of the Gambling Commission, Sarah Harrison steps down this month); but such is the Sisyphean nature of the exercise. Fortunately, the sports and tourism (and gambling) minister, Tracey Crouch has stayed in post and will hopefully see matters through to their conclusion.The week also witnessed the slightly more obscure appointment of Carolyn Harris (Lab, Swansea East) as chair of the Labour Campaign for Gambling Reform. The group has enjoyed a slightly chaotic start to life but Harris’s appointment hints at a widening of the regulatory debate around gambling. Harris remains chair of the FOBT All Party Parliamentary Group which convened once more this week. While the Association of British Bookmakers has repeatedly deigned to appear before the APPG (fearing – not without reason – that it would not face an objective hearing), we understand that its Senet Group offshoot did face the group’s scrutiny this week.Perhaps the most intriguing exchange took place in the Commons on Thursday where Toby Perkins (Lab, Chesterfield) put a market down that whatever decision the DCMS makes as a result of its gambling review, Parliament will want its say. Perkins sought reassurance that the Government would “allow a debate in Government time on the issues relating to FOBTs so that we can ensure that this crucial issue is properly debated?”The question was fielded by the Under-Secretary for Transport, Paul Maynard (Cons, Blackpool North and Cleveleys), who – although speaking off-brief – seemed to offer a surprising level of sympathy and encouragement. Maynard acknowledged that FOBTs was an important issue in his own constituency and then “urged” Perkins “to apply for all sorts of debates so that we can keep exploring the issue further.”Veteran FOBT campaigner, Stephen Timms (Lab, East Ham) probed once again on the fiscal effects of stake reduction but Crouch only offered him a repeat of her previous answers on the same point.Elsewhere, the trade associations BACTA and the ABB once again agreed to disagree on FOBTs. The Centre for Economics and Business Research published its review (sponsored by BACTA) of the likely economic impact of stake reduction on B2 machines, concluding that the impact would in fact be positive.The ABB countered that HM Treasury figures showed a net cost to the UK economy (from a £2 stake) of £5.5bn to £8.5bn over ten years. This of course is incorrect – the Government figures indicate a range of £3.9bn to £8.5bn – largely related to the discrete impact on betting shops rather than on the economy at large. However, perhaps the important question is not who is right and who is wrong (neither trade association to our knowledge possesses a crystal ball) but why so much resource has been devoted to such matters when it might be better employed in harm prevention and treatment. It is all too easy to blame the gambling industry for this but perhaps we should instead question the review system that propagates this activity.Still, at least the week provided one moment of harmony as figures from across the gambling divide convened at a pub in central London to enjoy a few drinks with Labour Party Deputy Leader, Tom Watson (Lab, West Bromwich East). More mediation is required but whether we give peace a chance in 2018 remains something of a long-shot.Australia: Betting market – A different route to a similar outcome.Betting market figures from Racing Australia to June 2017 illustrate a now familiar pattern: growth continues to be attractive but it is increasingly being concentrated into dominant operators and online channels. Overall staking grew by 13.5% to AUS$32.6bn, accelerating a medium-term CAGR of 7% (from FY10), largely due to mobile and sports betting. From a market segment perspective, thoroughbred horse racing still dominates, up 15% YoY in staking terms and representing 55% of the market. Sports betting grew by 18% to 30% of the market, with dogs and harness racing flat in absolute terms, with share declining to 15%. Online share has grown 24% to AUS$20bn (61% mix), with retail flat in absolute terms at AUS$13bn (39% mix), albeit at higher margins.The Australian market is increasingly looking like a two-horse race given the growing dominance of Tabcorp and Sportsbet (PPB), a position likely to be further cemented by fiscal pressures, the removal of in-play and the Tab-Tatts merger. As with many domestically regulated markets, opportunities for the mid-tier to monetise their position is increasingly tough, while Australia’s regulatory and product framework makes European-style innovation largely redundant. However, if this leads to the two major operators focusing more on servicing the mass market than the heavy user, then it is possible that they might learn skills that become increasingly relevant in Europe.Indiana: Sports betting bill – Good intentions, but beware unintended consequences.In anticipation of a Supreme Court ruling on PASPA later this year, Republican state representative Alan Morrison has introduced a sports betting bill in Indiana which includes a 1% of betting turnover “integrity fee” payable to sports governing bodies.  The NBA and MLB have been involved in discussions with Morrison regarding this bill, which also makes provision for sports bodies to control which bet types are offered.Criticism from operators, and industry body the AGA, has been predictably fierce, and we think they have a point. While, in our view, there is a logic to the industry contributing to the costs of sports integrity regulation given the shared interests, the proposed integrity fee plus other applicable taxes would amount to a highly prohibitive 39% of revenue fiscal burden for any operator licensed in the State.  Granted, this is a bill in its early stages, but all potential consequences of legislative changes must be carefully thought through.  Otherwise, a highly restrictive regime along the lines of that which exists in France, for example, will allow a thriving black market to persist, and the US (or at least any States which go down this path) may find itself back where it started.Global: tennis – Integrity unit tools up ahead of independent review interim report.The Tennis Integrity Unit has published its annual review for 2017, highlighting a reduction in the number of betting alerts received, and recent increases in its resources, including the establishment of a dedicated education and training division.  However, at least on the face of it, there appears to continue to be a lack of any specific dedicated betting expertise within the organisation.  It may be that this apparent gap is addressed in a new model for an expanded and independent tennis integrity organisation, which the Unit has submitted to the independent integrity review panel for consideration.The latest update (12 December 2017) on the independent review website suggests that the publication of the review panel’s interim report has been held up by the process of dealing with one party subject to criticism in that report.  Such process is expected to be concluded “within the coming weeks.”last_img read more

Sky gears up for racing media battle with ATR

first_img Submit SIS expands into the numbers game with 49’s takeover  June 29, 2020 Share Share SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 StumbleUpon Richard FitzGerald steps down as RMG CEO August 6, 2020 Related Articles Sky UK will move to expand its presence within racing, launching a dedicated ‘Sky Sports Racing’ channel in early 2019.In March 2017, Sky UK moved to acquire a controlling 51% stake in UK racing broadcaster At The Races (ATR). At the time, UK news sources reported that Sky would move to create a dedicated racing channel for its 14 million digital subscribers.In recent months, the distribution of racing media rights for the UK and Ireland has been shaken up by the expanded strategic partnership formed between Racecourse Media Group (RMG) and Sports Information Services (SIS).Entering 2018, the RMG and SIS partnership secured an exclusive 5-year contract (starting 1 April) to broadcast Irish racing and distribute international rights for UK racing.The development of a ‘Sky Sports Racing’ channel, is seen as a move to empower ATR’s position within racing. Industry insiders firmly believe that Sky will approach racecourse owners, persuading them to switch media distribution service from RMG to ATR.Furthermore, in the coming year, Sky will likely move to bolster the racing portfolio of ATR which currently services 15 Arena Racing Company syndicated racetracks.Both Ascot and Chester racecourses have been mooted as potential early wins for Sky Sports Racing, as their media contracts with RMG expire in February 2019.last_img read more

Paddy Power Betfair forms new US entity with FanDuel

first_imgShare FTSE100 betting group Paddy Power Betfair (PPB), has confirmed that it will create a new US-facing subsidiary, joining forces with daily fantasy sports operator FanDuel.Updating the market this afternoon, PPB governance confirms that it will merge its Betfair US division with FanDuel’s enterprise, as the company seeks to accelerate its position within the newly opened US market.The new subsidiary will consist of Betfair US’s racing and wagering properties, valued at $600 million, with PPB further contributing $158 million in cash to secure a controlling 61% stake in the US business venture.“The transaction strengthens the Group’s opportunity to target the prospective US sports betting market through the addition of a strong brand, large existing customer base and talented team. The scale of the combined business also means it is well positioned in discussions with providers of market access for sports betting” detailed PPB in its market update.PPB will have operational control of the business, which will act as a consolidated subsidiary. The FTSE betting group will further hold the right to appoint the enterprise’s CEO and the majority of the Board of Directors.PPB’s interest in FanDuel was initially reported last week, with news sources detailing that the FTSE operator was in the advanced stages of putting forward an opening offer to acquire FanDuel outright.Peter Jackson, CEO of Paddy Power Betfair, commented on the transaction:“We are excited to add FanDuel to the Group’s portfolio of leading sports brands. This combination creates the industry’s largest online business in the US, with a large sports-focused customer base and an extensive nationwide footprint.The Group has leading sports betting operating capabilities globally and strong operations on the ground in the US. Together with our substantial financial firepower, we believe we are now well placed to target the prospective US sports betting opportunity.” Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Share Alex Gersh returns to betting as Sportradar CFO   July 13, 2020 Submit StumbleUpon Related Articles FSB selects Glenn Elliott as new COO August 12, 2020last_img read more

SMP eGaming expands its board following high demand in 2019

first_imgShare IoM Digital appoints Chris Kissack as esports lead  July 22, 2020 Share StumbleUpon Related Articles Luke Campbell, Champion Sports: Modular thinking most play the lead role in sportsbook migrations August 26, 2020 Luckbox outlines final TSXV roadmap July 29, 2020 Submit Isle of Man compliance and staff training advisory for igaming businesses SMP eGaming (SMP) has moved to strengthen its Board following a period of significant growth and demand for its services.Updating stakeholders, SMP confirms the appointment of Jade Zorab, Matthew Robbins and Karen Yates as new board members, providing oversight and guidance on SMP’s industry provisions.A company executive since 2016, Jade Zorab – current Head of Corporate Development for SMP partners – will offer guidance on the development and delivery of SMP eGaming staff training programmes.Former Stars Group executive Matthew Robbins, who joined the company this year as Director of eGaming Regulatory Compliance, will sit on the SMP board as lead compliance and governance advisor.The SMP board is completed by the appointment of Karen Yates, SMP’s long-term Head of Licensing, as a governance advisor on industry operations and corporate structures.2019 has seen SMP secure staff development and compliance monitoring accounts for tier-1 bookmaker Betfred and leading platform provider SBTech.Backing SMP’s board expansion, Ted Pepper (Managing Director of SMP eGaming) said: “I am delighted to welcome Jade, Matthew, and Karen to the SMP eGaming Board and congratulate each on being appointed as Directors.“Each brings a wealth of experience, talent, and skill to the Board, and they will be key in driving SMP eGaming forward as we look to improve our products and services. I look forward to working closely with each of them as we continue to grow the business.”last_img read more