Aggreko expects profits rise

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastHero WarsThis game will keep you up all night!Hero WarsBrake For ItThe Most Worthless Cars Ever MadeBrake For ItLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesGundry MD Total Restore SupplementWhat Rice Does to the Human BodyGundry MD Total Restore SupplementMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm Oraclemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Aggreko expects profits rise BRITISH temporary power provider Aggreko said it expected trading profit to be slightly ahead of 2010, after a strong start to the year helped revenues grow by nine per cent.Aggreko, whose containerised generators help meet electricity shortfalls and power major events such as the Olympics and soccer World Cup, said revenues in the three months to the end of March grew nine per cent, excluding revenues from last year’s major events.The firm, which posted a 19 per cent revenue rise in constant currency in its International Power Projects, added it had now signed a contract worth around $100m (£60m) with Tokyo Electric Power Company for the supply of 200MW of emergency power for a minimum period of a year.Aggreko said it had also seen strong trading in its North American and Australian businesses in particular and following a strong order intake in recent months it planned to up its fleet expenditure in the second half of the year. KCS-content Share Show Comments ▼ Tags: NULLcenter_img whatsapp whatsapp Wednesday 27 April 2011 7:52 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comlast_img read more

888 promotes Naama Kushnir to COO role

first_imgBingo Regions: Africa UK & Ireland US North Africa & Middle East Israel 888 Holdings has promoted senior vice president and head of human resources Naama Kushnir to the role of chief operating officer. Kushnir takes on the role to replace Itai Pazner, who was named chief executive of the operator in January 2019. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 888 promotes Naama Kushnir to COO role Tags: Mobile Online Gambling Topics: Casino & games People Sports betting Strategy Bingo 888 Holdings has promoted senior vice president and head of human resources Naama Kushnir to the role of chief operating officer.Kushnir takes on the role to replace Itai Pazner, who was named chief executive of the operator in January 2019.As COO, she will be tasked with developing and implementing internal processes to improve 888’s business functions, reporting directly to Pazner. Kushnir will also lead the post merger integration strategies following the acquisitions of JPJ Group’s Mandalay bingo assets and sportsbook operator BetBright, in February and March respectively.She has worked for 888 for more than 11 years, serving as senior vice president for human resources since September 2016. She previously worked in human resources at law firm Herbert Smith Freehills.“We are delighted to announce Naama’s promotion which reflects the outstanding strength of the team we have in our business,” Pazner said of the appointment. “Naama is a highly skilled, respected and experienced operator and I have every confidence that – alongside the rest of the operational management team – she will continue to drive 888’s growth and promote our company culture, vision and values in her new role.“On behalf of everyone at 888, I would like to wish Naama continued success in her new role.”Kushnir said she was “hugely excited” to taken on her new role.“The group has made some hugely exciting recent acquisitions, including adding a sportsbook to its proprietary technology stack for the first time,” she said. “I am looking forward to working across various functions in the group to support 888’s continued growth and strategic progress.” 22nd March 2019 | By contenteditor Subscribe to the iGaming newsletter Email Addresslast_img read more

Authentic poaches Betsson MD for account management role

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games People Strategy Casino & games Authentic poaches Betsson MD for account management role Live casino services supplier Authentic Gaming has appointed Melvin Hulleman, formerly managing director of Betsson Group, as head of account management. Live casino services supplier Authentic Gaming has appointed Melvin Hulleman, formerly managing director of Betsson Group, as head of account management.In his new role, Hulleman will assume responsibility for driving growth and executing key strategic goals at Authentic.He joins Authentic after more than nine years with Betsson, where he started out as a customer service agent and worked his way up to senior roles such as head of casino for Oranje Casino and Kroon Casino, and later head of casino for Belgium, the Netherlands and Luxembourg.“I am honoured to join the talented Authentic Gaming team and look forward to working with their operator partners closely as the business continues to evolve and grow,” Hulleman said.Jonas Delin, chief executive of Authentic, added: “As we scale up our product and service offering and continue to rapidly move through our roadmap, the company needs strong leadership within the commercial team and Melvin will provide this.“We want to execute our growth plans successfully but also want to ensure that our partners are properly looked after and receive the attention and support they need and deserve. This will allow them to grow with us as the popularity of live roulette continues to rise.”center_img 8th July 2019 | By contenteditor Subscribe to the iGaming newsletter Email Address Tags: Online Gamblinglast_img read more

Pennsylvania Lottery posts record revenue and profit in 2018-19

first_img Pennsylvania Lottery posts record revenue and profit in 2018-19 Lottery Regions: US Pennsylvania 5th August 2019 | By Daniel O’Boyle Subscribe to the iGaming newsletter The Pennsylvania Lottery made a record revenue of $4.5 bn from game sales in the 2018-19 fiscal year, and generated a record profit of more than $1.14 bn for the period from 1 July 2018 to 30 June 2019.Scratch cards were the largest source of income for the state lottery, bringing in $2.99bn, up from $2.82bn last year.Draw games took in $1.36bn in revenue, up from $1.25bn last year. The increase was driven by a 71.4% increase in MegaMillions and Megaplier revenue, helped by a $1.5bn jackpot in October 2018 after an October 2017 format change made jackpot wins less frequent.Pick 3 games’ revenues decreased slightly, from $270.4m to $269.2m, but the games became the largest source of draw revenue, after Powerball and Powerplay takings declined from $272.7m to $260.5mRead more on iGB North America.center_img Topics: Lottery AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Pennsylvania Lottery made a record revenue of $4.5 bn from game sales in the 2018-19 fiscal year, and generated a record profit of more than $1.14 bn for the period from 1 July 2018 to 30 June 2019. Email Addresslast_img read more

Kenyan court ruling may see SportPesa return to market

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Kenyan court ruling may see SportPesa return to market The Kenyan Tax Appeals Tribunal has ruled in favour of betting operators that challenged whether a controversial gambling tax should be levied on player winnings, rather than their original stakes.The decision may pave the way for local operators such as SportPesa and Betin to return to the market. Both operators stopped doing business in the country due to what they saw as a hostile tax environment.In its ruling, the court determined that the tax could only be applied to a player’s winnings at the end of every month, and that the KRA must collect revenue from customers, rather than directly from operators.SportPesa chief executive Ronald Karauri welcomed the ruling, suggesting that it may prompt it to reconsider its withdrawal from the Kenyan market.“Today’s ruling is a significant development for both SportPesa and the wider betting sector in Kenya, reversing previous government policy that had rendered the sector commercially and economically unviable, with a major, negative impact on jobs, local economies and sports in Kenya,” Karauri said.“We have long advocated for a fair and level playing field and a regulatory and taxation environment that both supports business and inward investment, and is in the interests of Kenyan consumers.“SportPesa will now reconsider the future of its operations in Kenya,” he added. “We encourage the authorities to take the Tax Appeals Tribunal’s ruling fully on board and to now apply a reasonable approach to gambling regulation and taxation, in line with international best practice.”Betin, meanwhile, declined to comment on whether the tribunal’s ruling will mean a return to the market.The dispute over the winnings tax dates back to its introduction, with SportPesa arguing the tax removed incentive for customers to place bets.Although the Kenyan High Court initially blocked collection of the tax, the Kenyan Revenue Authority and Betting Control and Licensing Board agreed on 1 July to withdraw the licences of 27 companies who failed to pay the levy, including SportPesa and Betin.After the state ordered telecoms company Safaricom to block banking services to the 27 companies, leaving customers unable to deposit funds — a move SportPesa said violated a court order — SportPesa ended its sport sponsorships in Kenya and placed its 453 employees in the company on leave.A SportPesa spokesperson told iGamingBusiness.com in early September that the company believed it was heading towards the resumption of normal operations after constructive talks. However, on 19 September, the Kenyan Parliament’s Finance Committee proposed a new 20% excise tax rate on betting stakes in the 2019/20 budget, an increase from the 10% stake proposed by the treasury in June.In response, SportPesa that it would not operate in the country until the rate was changed, and laid off its Kenya-based employees. Legal & compliance 11th November 2019 | By Daniel O’Boyle Regions: Africa East Africa Kenyacenter_img The Kenyan Tax Appeals Tribunal has ruled in favour of betting operators that challenged whether a controversial gambling tax should be levied on player winnings, rather than their original stakes. Email Address Topics: Legal & compliance Sports betting Subscribe to the iGaming newsletterlast_img read more

IGT enters Oregon sports betting market with tribal partner

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Sports betting IGT has entered the Oregon market with its PlaySports technology now powering retail sports betting at The Mill Casino. Subscribe to the iGaming newsletter IGT has entered the Oregon market with its PlaySports technology service now powering retail sports betting at The Mill Casino.Patrons of The Coquille Indian Tribe-owned casino in North Bend can now place a range of sports wagers over the counter or via the casino’s IGT PlaySports kiosks.The Mill Casino joins Chinook Winds in offering retail casino betting in the state, with the Oregon Lottery the only operator able to provide mobile sports betting through its SBTech-powered app.Oregon becomes the 11th state where IGT’s PlaySports service is active.Read the full story on iGB North America. 21st November 2019 | By contenteditorcenter_img Casino & games Regions: US Oregon Email Address IGT enters Oregon sports betting market with tribal partnerlast_img read more

Gambling Commission to consult on proposed social lottery reforms

first_img Email Address 20th December 2019 | By contenteditor Gambling Commission to consult on proposed social lottery reforms Tags: Charitable Gaming Topics: Casino & games Legal & compliance Lottery Social responsibility Social gaming CSR The GB Gambling Commission has launched a consultation on proposed changes to social lottery regulations, including a potential increase to how much players can win.The consultation will run from December 19, 2020 until March 12, 2020, with the Commission seeking opinion from consumers, licensees and prospective licensees, charities and organisations concerned with gambling and social responsibility; and academics and organisations with an interest in lotteries.In July 2019, the UK government set out plans to amend section 99 (3) of the Gambling Act 2005 in response to its own consultation on society lottery reform. The consultation was aimed at helping society lotteries grow, removing the need for lotteries to slow down fundraising, and allow them to remove bureaucracy designed to stop them breaching the current limits.Proposed changes include increasing the maximum amount individual players can win in lottery draws from £400,000 (€468,974/$521,474) to £500,000.There are also plans to raise the limit on ticket sales for each draw from £4m to £5m, as well as the annual aggregate proceeds limit will from £10m to £50m. Such limits have not been changed for more than a decade.Section 99 of the Act sets out that the Commission should attach conditions to lottery operating licences. This means that if the amendments come into effect, licences would need to be altered to reflect the new limits.The Commission will also look at current regulatory requirements to ensure that issues related to the fair and open licensing objective, regarding transparency to consumers, are addressed.“We are seeking views on strengthening some aspects of the Licence conditions and codes of practice and producing guidance related to information available to consumers,” the Commission explained.Consumers, operators, charities, organisations and other parties that want to contribute to the consultation can do so via the Commission’s website. Subscribe to the iGaming newsletter Casino & games The GB Gambling Commission has launched a consultation on proposed changes to social lottery regulations, including a potential increase to how much players can win. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Irelandlast_img read more

ComeOn rebrands to clarify company composition and strategy

first_imgCasino & games Email Address Topics: Casino & games Sports betting Strategy ComeOn rebrands to clarify company composition and strategy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Nordics Sweden Tags: Mobile Online Gambling iGaming operator ComeOn will be known as ComeOn Group going forward, to better reflect the business’ activities across a range of brands and markets. Subscribe to the iGaming newsletter iGaming operator ComeOn will be known as ComeOn Group going forward, to better reflect the business’ activities across a range of brands and markets.As it operates more than 20 brands across multiple markets, including the ComeOn brand, and holds licences in Malta, Sweden, Denmark, Poland and Germany, the operator said there had been some confusion between the parent company and consumer brand.Furthmore, among its brands is Cherry Casino, which created further confusion due to the links with the Stockholm-listed operator Cherry AB, which acquired a stake in ComeOn in May 2016, before buying all remaining shares in May 2017.Cherry, however, was acquired by European Entertainment Interesser in a $1bn deal and its shares delisted from the Nasdaq Stockholm exchange from 7 May, 2019.“As for many other operators in our industry, adding Group to our company name is a natural step for us,” ComeOn Group chief executive Lahcene Merzoug said.“We get to keep the fantastic name and brand identity that ComeOn has and at the same time, we make it clear that we are not just one brand,” he explained. “We are a group with over 500 employees, 2 technical platforms and more than 20 brands.”Last year, following the delisting, ComeOn Group made its debut in the Danish igaming market, as well as withdrawing from the UK in order to focus on more sustainable markets. 16th January 2020 | By contenteditorlast_img read more

GiG signs with North Macedonian casino group

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games GiG signs with North Macedonian casino group 17th July 2020 | By contenteditor Tags: Online Gambling Gaming Innovation Group (GiG) is to power the online migration of one of North Macedonia’s leading gambling groups.GiG has signed a heads of terms agreement with K.A.K. DOO Skopje (KAK), which operates two LeGrand Casino venues in country’s capital city Skopje and Bitola.KAK, which is in the process of applying for one of the new online licences in the country, has signed up to deploy GiG’s platform, front end development and managed media services to launch its digital operation, most likely in the early part of next year.The final agreement is expected to be signed in August 2020, and will be on a combined fixed fee and revenue share structure.Richard Brown, GiG’s chief executive, said: “North Macedonia has a long history in the land-based casino segment, and is a major casino tourist destination in the region.“Partnering with a leading brand, hospitality and entertainment group in the region is an exciting opportunity for GiG and we look forward to helping replicate LeGrand Casinos retail success online as the market regulates.”Having traditionally been a closed market to online operators, the North Macedonian government is now allowing land-based operators to apply for online licences that must directly reflect their offline offering. Through their LeGrand casinos, which offer both table games and slots, KAK will be one of a handful of operators in North Macedonia to offer both verticals to online players.Ognjan Cigovski, chief executive of KAK, said: “Gaming Innovation Group is known in the igaming industry as a reliable and trustful company with a history of success working with land-based operators like ourselves. We are pleased to have them supporting our digital transformation and online player acquisition strategy as we expand into the newly regulating online market.“We believe that by joining our efforts we can translate the feel and look of our LeGrand casinos into an online offering that both caters for our current players as well as attracts new ones. We are looking forward to a long lasting and mutually beneficial partnership.” Gaming Innovation Group (GiG) is to power the online migration of one of North Macedonia’s leading gambling groups.center_img Casino & games Regions: Europe Balkans North Macedonia Companies: GiG Subscribe to the iGaming newsletter Email Addresslast_img read more

Solverde lands online sports betting licence in Portugal

first_imgOperators recorded a total of €138.9m (£128.1m/$164.8m) in the first half of 2020, up by 44.2% on a year-on-year basis. The new licence comes after national regulator Serviço de Regulação e Inspeção de Jogos (SRIJ) last month revealed that online gambling revenue drastically increased under lockdown. Regions: Portugal 14th September 2020 | By Aaron Noy Subscribe to the iGaming newsletter Solverde, which operates five land-based casinos across Portugal, also holds an online casino licence in the country, offering a range of casino style games via Sasinosolverde.pt. Awarded by the Comissão de Jogos do Turismo de Portugal, the new licence will enable Solverde to accept online sports bets through its Solverde.pt website. Email Addresscenter_img However, SRIJ also noted that this boost appeared to be short-lived, with June revenue returning to pre-pandemic levels. Portuguese casino operator Solverde Group has secured an online sports betting licence in the country. Solverde lands online sports betting licence in Portugal Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & gameslast_img read more