Motivated Windies Seeking to Avoid Whitewash

first_imgWEST INDIES — Kieron Pollard (captain), Fabian Allen, Sunil Ambris, Darren Bravo, Roston Chase, Sheldon Cottrell, Jason Holder, Shai Hope, Alzarri Joseph, Brandon King, Keemo Paul, Nicholas Pooran, Rovman Powell, Romario Shepherd, Hayden Walsh Jr. KANDY, Sri Lanka (CMC) — West Indies will attempt to avoid their second straight whitewash on Sri Lankan soil when they take on the hosts in today’s final One-Day International.Five years ago, the Caribbean side were swept 3-0 with the decisive third victory also coming here in the central Sri Lankan city.And though the visitors have already conceded the three-match series following defeats in Colombo and Hambantota, Head Coach Phil Simmons does not anticipate any problems motivating West Indies for the finale.“My players have no problems being motivated,” Simmons told a media conference ahead of the encounter at the Pallekele International Cricket Stadium.“So whatever happened in the last two games does not hinder the motivation of the players.“We didn’t turn up for the [last] game. We didn’t bowl well and dropped too many catches. And in the batting, we didn’t put an innings together chasing 340-odd.“I think it was one of those days where all three facets of the game went wrong but all we can do is continue to work as we have been working hard before so we can correct it [today].”Searching for their first-ever series win in Sri Lanka, West Indies suffered disappointment in the opening game when they went down by one wicket defending 289, in a contest that ended in the last over.The second defeat was far more comprehensive, however, West Indies crashing to a heavy 161-run loss last Wednesday in pursuit of 346.Despite those results, Simmons said there were aspects of both games which had been encouraging for West Indies and which they needed to now build on.“From the first game, definitely the way we fought back after [conceding] 78 off the first 10 overs and in the second one, the way that we bowled in the first 10 overs,” Simmons explained.West Indies were let down my loose fielding especially in the last game, highlighted by Captain Kieron Pollard putting down Kusal Mendis on two, and the right-hander cashing in to register his second ODI hundred.And Simmons said the fielding was an area which the Windies had given much attention in recent times. SQUADS:SRI LANKA — Dimuth Karunaratne (captain), Niroshan Dickwella, Avishka Fernando, Wanindu Hasaranga, Shehan Jayasuriya, Lahiru Kumara, Angelo Mathews, Kusal Mendis, Kusal Perera, Thisara Perera, Nuwan Pradeep, Lakshan Sandakan, Dasun Shanaka, Dhananjaya de Silva, Isuru Udana.last_img read more

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M-DCPS Reaches Agreement with Teachers Union

first_imgReferendum eligible full-time instructional personnel, as defined by Section 1012.01, Florida Statutes, will benefit from: •         An average of 15.3 percent retirement-accruing supplement “Despite the economic challenges this country is facing, Miami-Dade County Public Schools is once again demonstrating its unwavering commitment to teachers with an agreement that honors their work in and out of the classroom,” said Schools Superintendent Alberto M. Carvalho. “Through the supportive leadership of our School Board, we are able to provide our educators with a long-term solution that offers them peace of mind during these uncertain times.” School support personnel ineligible under the referendum will receive a three percent salary adjustment. Today, Miami-Dade County Public Schools (M-DCPS) reached a tentative agreement with the United Teachers of Dade (UTD), which highlights the District’s appreciation for its educators. •         An increase to all unit teachers whose base salary is below $47,500 to ensure their new base is above the new starting salary of $47,500 Today’s agreement with the UTD continues to establish how funds raised by the voter-endorsed Secure Our Future Referendum, and contingent on the Governor’s approval of the Teacher Salary Increase Allocation, will benefit educational staff at M-DCPS.  Schools Superintendent Alberto M. Carvalho bumps elbows with UTD President Karla Hernandez-Mats after a tentative agreement is reached. •         A 2.0 – 4.33 percent increase overall (referendum and base) compared to 2019-2020 •         A new minimum teacher starting salary of $47,500 •         A 2.5 percent stipend “Our hardworking educators are the backbone of our school system, as evidenced by their dedication to providing a seamless transition to online learning this school year. It is our duty and responsibility to ensure they receive the compensation package they so justly deserve,” said School Board Chair Perla Tabares Hantman. All employees will be offered the Employee Benefit Program of three open access plans, one of which is provided at no cost to employees. The agreement will go to the union’s membership for ratification and to the School Board for approval.last_img read more

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CHAN 2018: Nigeria, Ivory Coast, Cameroon, and 10 Others Qualify

first_imgNigeria secured a vital (2-0) win at the Sani Abacha Stadium in Kano to slightly edge out Benin Republic (2-1) on aggregate. Rabiu Ali and Kingsley Eduwo scored the goals in the first and second half respectively.At de Stade Modibo Kéïta, Bamako, Mali suffered a shock (0-1) defeat to Mauritania – which consequently eliminated the team with a (2-3) aggregate score.Trailing (1-2) from the first leg, Ivory Coast did enough to advance courtesy a (1-0) home win against Niger secured at the Stade Robert Champroux, Abidjan.Cameroon were commanding in qualification as they advance (4-0) on aggregate. Their first leg (2-0) away win was easily replicated at the Stade Ahmadou Ahidjo, Yaoundé against a hapless São Tomé and Príncipe side.List of countries who have secured places at the Total 2018 African Nations Championship:Kenya (hosts), Congo, Libya, Morocco, Cameroon, Nigeria, Uganda, Zambia, Angola, Equatorial Guinea, Mauritania, Sudan, and Ivory Coast.There are 3 more slots available for selection;Fixtures:Sunday (20th August 2017)Ghana vs Burundi (2-2 agg)Namibia vs Comoros Island (1-2 agg)Tuesday (22nd August 2017)Guinea vs Senegal (1-3 agg)The 2018 Championship will hold between January 11 to February 2 in Kenya.RelatedThe chase for a place at the 2018 African Nations Championship intensifies.August 14, 2017In “AFCON Insider”CHAN Eagles Group Stage Opponents Revealed After Morocco DrawNovember 17, 2017In “Africa”CHAN 2018 Participating Teams ConfirmedAugust 24, 2017In “Africa”last_img read more

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ATP Finals Review (Boris Becker Group): Federer Into Semis After Win Over Zverev

first_imgWorld number two Roger Federer is through to the last four at the ongoing season-ending ATP Finals in London after he saw off tournament debutant Alexander Zverev in three sets.Federer, 36, defeated his German opponent 7-6 (8-6) 5-7 6-1 at the O2 Arena to move into last four.Third seed Zverev can still qualify for the semis if he can beat American Jack Sock in his final group match on Thursday.The eighth seeded Sock had earlier beaten Croat fifth seed Marin Cilic 5-7 6-2 7-6 (7-4) to stay in contention for a slot in the next stage.Speaking afterwards, the American was very excited with his win. He said: “That was a tough one for sure.”“It’s been an interesting morning so far, the fire alarm went off at 4am and we had to exit the building. But I love playing here in London, it’s an amazing atmosphere, you make me feel like [I’m] home.“I’m just excited to win and keep myself alive.” he concluded.In the Pete Sampras Group on Wednesday, Grigor Dimitrov will face David Goffin before Dominic Thiem of Austria play against Pablo Carreno Busta, a replacement for the injured Rafael Nadal. RelatedATP Finals (Boris Becker Group): Jack Sock Joins Federer In The Last FourNovember 17, 2017In “Sports”ATP Finals: Nadal Win In Vain As Zverev Makes SemisNovember 16, 2019In “Tennis”Brad GuzanJune 30, 2017Similar postlast_img read more

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Mexican growth leads Codere corporate recovery

first_img Share Related Articles Codere merges Italian fruit machine units forming CODWIN July 3, 2020 Submit StumbleUpon Mozzartbet sets sail in South America taking over Meridianbet Colombia July 22, 2020 Codere secures €250m credit lifeline on aggressive interest rates  July 14, 2020 Share Refinanced Spanish gambling firm Grupo Codere continues its strong corporate recovery, as the company reports KPI and metric growth for its Q3 2017 trading update (period ending 30 September).Primarily driven by growth in its Spanish and Mexican divisions, Codere would record Q3 2017 group operating profits of €401 million up 3% on corresponding 2016’s €390 million.Despite facing adverse currency impacts in its business territories of Argentina, Panama and Colombia, Codere governance would report a period adjusted operating EBITDA of €68.4 million above its guidance expectations.Closing its Q3  trading period, Codere governance would declare group operating profits of €40 million, combined with an improved net operating income of €8.7 million. For its year-to-date performance, Codere has generated corporate operating profits of €105 million (2016: €35 million), combined with a group net income of €8.3 million, recovering from the €1.2 billion loss recorded during 2016, which related to the firm’s debt refinancing agreement.Updating stakeholders, Codere details that its current long-term corporate debt is at approximately €800 million, having lowered interest expenses to €55 million during 2017.During the Q3 2017 period, the Spanish gambling firm moved to increase its footprint within the Mexican gambling market, completing its outright acquisition of joint-venture casino operator Grupo Codere SA for a further €25 million buyout.In its home market of Spain, Codere has moved to increase its marketing coverage launching new advertising campaigns for its digital gambling services. The company further expects to launch a new online betting portal for the newly regulated Colombian online gambling market within the coming months.last_img read more

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Scott Longley: Beyond the review, optimism for UK betting shops

first_img Related Articles Share StumbleUpon Submit UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service  August 20, 2020 UKGC launches fourth National Lottery licence competition August 28, 2020 Share Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Is the betting sector being too pessimistic about the long-term future prospects of retail betting? Should stakeholders welcome the disruption as a chance to reinvent retail betting’s overall proposition? Scott Longley gets the lowdown for SBC.The perils for land-based gambling enterprises in the UK were all too evident in the profit warning issued by bingo-to-casino operator Rank in early April.Like-for-like revenue at the Mecca bingo business was down 2 percent year-on-year for the 13 weeks to 1 April while revenues at the Grosvenor Casinos venues business were off by 9 percent.The company had its excuses. ‘The Beast from the East’ snowstorm that afflicted the UK in early March hurt footfall at both businesses, exacerbating what the company claims are a weaker consumer backdrop.This downbeat prognosis comes at a time of intense change for UK bookmakers. Not only is the decision (finally) imminent on the government’s triennial review on stakes and prizes, but the ownership of the country’s largest betting shop estate, Ladbrokes Coral, has also only just switched into the hands of GVC.But hope springs eternal, and among the suppliers into UK betting shops there is a suggestion that the pessimism, particularly over the impact of the likely cut in stakes, has been overdone.John Pettit, Playtech BGT“I think the impact of the decision is somewhat over-exaggerated,” says John Pettit, Managing Director for Playtech BGT Sport for the UK, Ireland, Asia and Australia, which supplies self-service betting terminals (SSBTs) to the majority of betting shops in the UK.“I think the decision will be £20 and £2 and that effectively shop revenues will go back to perhaps 70% or 80% of what they are today,” he adds. “This is effectively a tax on the super shops where machines can mean so much more to revenues. Overall I don’t think things will be as bad as they make out.”Rays of lightThe rise of the SSBT within the past five years or more is one manifestation of how the betting shop proposition in the UK has been changing even as the FOBT debate has raged.Pettit points out that the SSBT represents the perfect product for customers that want to enjoy the traditional benefits of retail anonymity allied to the wider sports offering available to online sports-betting punters.“We are trying to build a digital interface within a retail environment with all the attractions that significant for some people,” he says.Playtech BGT isn’t the only company viewing the potential disruption in UK betting shops as an opportunity.Heinz Kierchhoff – Sportradar“The stakes and prizes issue might open up the UK market for us; it is so big and so strategic,” says Heinz Kierchhoff, Managing Director of gaming at Sportradar.“Money will redirect within betting shops. Looking at it from a product perspective I think virtuals have huge potential and football is definitely under-represented in the virtual offering in the UK.”“That is because of the tradition of dogs and horses. If you see a shop today, it has big screens with dogs and horses and live commentary and football is not represented in the way that it is in Italy.”UK betting shops is one sector that should be looking at how the retail experience has developed in the rest of Europe for indicators of how it can survive and thrive without the prop of the vast majority of B2 gaming machine revenues.“The focus on omni-channel for multi-channel operators is starting to deliver a great user experience and a regular focus on product innovation is always a good idea – whether it’s the best from overseas, online or entirely new products,” says Mike Bogie, Director of Lottoland Solutions.Mike Bogie – LottolandThe lotto product is delivered via an SSBT and, as Pearson adds, it adds a “compelling” new event betting opportunity for retail. “The ability to bet small stakes for the chance to win huge prizes appeals to existing and new shop customers,” she says. “With more betting data we can keep learning and adapt to provide more event betting markets via the SSBT channel.”Indeed, the SSBT is also a likely route for more virtual sports in betting shops. Kierchhoff suggests the company is already trialling this with Eurobet in Italy. “We are looking at putting virtuals on SSBTs in Italy,” he says. “With the regulations, there is now more space available to do business there. That will be a mix of being on the screen on the wall and betting on the SSBT. That is what we mean by full flexibility.”None of the new products will completely repair the hole in the finances for betting shop retailers. But if there is life in the old dog yet, it might well be that a move to a broader product mix will hold the key to high-street longevity.“There is obviously a challenge but shops have shown historically they are resilient,” says Pettit. “They have fought off other challenges; the introduction of the national lottery, for instance. Like everyone else we want a buoyant retail sector.”__________________The Betting industry’s future enterprise and operational context will be discussed at the upcoming ‘Betting on Sports Conference’ (#boscon2018 – Olympia London-17-20 September 2018). Click on the below banner for more information…last_img read more

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ISG scores La Liga matchday virtual ads deal with Mediapro

first_img Related Articles F1 rumours see Sportpesa partner with team Racing Point January 25, 2019 Live sports advertising specialist Interregional Sports Group (ISG) has significantly expanded its European football profile, announcing that it has secured the publishing rights for Spain’s La Liga  pitch-side virtual perimeter and virtual goal-side advertising inventory.Updating stakeholders, ISG informs that it has secured a three-season partnership with sports agency Mediapro managing pitch-side advertising for 53 La Liga games.ISG details that it will handle geo-targeted matchday advertising for a number of La Liga’s highest profile matches, which will feature FC Barcelona, Real Madrid and Atletico Madrid.Supporting its partnership, London-headquartered ISG will work with its ‘preferred partner agencie’s, Lagardère Sports and Sportseen, on the sale and distribution of pitch-side advertising rights.“We are delighted to have strengthened our virtual rights portfolio adding LaLiga to the assets we already operate extensively in Serie A and Formula One,” Tony Ragan, joint chairman of ISG. “We were instrumental in the creation of this rights package back in 2011 and so are very excited at the prospect of taking them to market again for the next three seasons and beyond.”Backing the agreement, Julian Fernandez, commercial director of Mediapro Media, added: “They understand the value of LaLiga and the importance of building strong relationships with brands in each of the regions. We see this as a re-setting of these markets and are very excited about what can be achieved.” Submit StumbleUpon Formula 1 confirms launch of Live ‘in race’ Odds with Sportradar and ISG August 5, 2019 188BET becomes official sponsor of F1 Asia January 10, 2020 Share Sharelast_img read more

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David Clifton: Licensing Expert – Question Time… A review of the UKGC’s second ‘Enforcement Report’

first_img UKGC launches fourth National Lottery licence competition August 28, 2020 UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service  August 20, 2020 David CliftonI have lost count of the number of times over the last year that I have urged clients, potential clients, conference audiences (and, quite frankly, anyone else involved in the UK gambling industry who is prepared to listen) to read the Gambling Commission’s first-ever Enforcement Report, published back in June 2018.I’ve told them that it is essential reading material and that, by conducting self-checks of the type identified in the report, for no external cost whatsoever they could considerably minimise the risk of regulatory investigations, enforcement action and increasingly heavy financial penalties of the type detailed on the Commission’s “Lessons learnt – compliance failings” webpage.I am now urging them to read, digest and act on the Commission’s second annual Enforcement Report, published last week. With financial penalties and fines totalling £28 million in 2018 and £7.3 million so far this year (with more in the pipeline), it is more important than ever that UK licensed gambling operators regard this as much more than just a “Another disappointing year – must do better” report of the type that some of us will remember from our schooldays.This year’s report shows again that the Commission is not just wielding the cane, but is genuinely trying to help its licensees – including, crucially, gambling operators licensed in the UK but located overseas – to learn from the mistakes of others and to raise their own standards based on that learning.For all of those licensees, the report contains some extremely useful ‘health-check’ questions. Twelve are on safer gambling issues, seventeen on AML, five on marketing and advertising and fourteen on compliance generally. I have set them out collectively for ease of reference on the Clifton Davies website under the heading “Answer these self-check questions to avoid regulatory enforcement action by the Gambling Commission”.If senior management and their compliance, marketing, responsible gambling and AML teams spend just a morning working through those 48 questions, answering them as honestly and self-critically as they can and drawing up an action list of matters arising from that exercise, it will be time extremely well spent. If you really want to roll the boat out, get in a specialist independent moderator to ensure that you probe a bit more thoroughly when doing so. My contact details can be found here!However, I want to dig a bit deeper now into what else has been said by the Commission in its report, finding the content that has not featured so prominently in other industry media over the last few days.The good news…Starting with the good news, the Commission has made some complimentary comments about recent efforts made by the industry to raise standards, including:On safer gambling initiatives:“…. we have …. worked with operators to raise standards by successfully launching a programme of co-creation workshops and webinars which engage with operators on a whole host of issues – encouraging ideas, debate and solutions. We have been pleased with the initial results of these initiatives, which look positive, and we expect this work to continue and grow in the coming year”;“There are signs of progress [on the issue of affordability, to which I refer specifically below] and pockets of developing good practice and collaboration”.On AML:“We continue to see positive examples where some operators have more closely integrated their VIP management teams with their AML and social responsibility management teams, and encourage other operators to consider embedding this alignment into their existing practices”;“We have also been encouraged by significant investment by certain operators in systems and techniques to profile customers”;“AML is an area where collaboration and evaluation of what works between operators can reap benefit for themselves and consumers”.On advertising and marketing:“During the year, our compliance and enforcement activity on this topic has resulted in standards improving”.The bad news…On a less positive news front, the Commission has made the following very critical comments in its newly published report (with my own remarks following each of them):On safer gambling:“We have …. discovered repeated examples of customers being allowed to gamble significant sums of money in short time frames, way beyond their personal affordability, and without any intervention from the operator. These problems can be particularly acute over weekends and during the night” – a criticism that is likely to apply particularly to smaller online operators whose customer monitoring resources are less able to operate effectively at those time;“Much more needs to be done and shared across sectors to ensure the welfare of customers receives the commitment it requires” – underlining the need for sharing of best practice, including that learned by larger operators who have participated in the last three years’ Annual Assurance Statement pilot process.On AML:“Compliance activity and enforcement cases revealed again and again that operators’ AML policies, procedures and controls are not fit for purpose” – recent enforcement activity has revealed that in some case, operators had not even undertaken money laundering risk assessments. Without one of those, how can appropriate policies, procedures and controls even be drafted, let alone implemented?“There has been the incorrect perception that all gambling regulators’ expectations are identical in addition to a failure to digest our guidance and implement the legislative requirements applicable to Great Britain .. this must change, for these are not just regulatory matters but breaches of UK law. Those failing to learn these lessons will face further draconian action” – a criticism clearly aimed at overseas located operators holding licences granted by other regulators, with licence-holders from Malta and Alderney having received particularly heavy financial penalties within the last year;“We have encountered issues and an over-reliance on thresholds integrated into operating systems, designed to trigger referrals to specialist teams. Whilst conceptually these seem logical, they are far too often based on internal capacity and commercial considerations, not the risk profile and true affordability of their customers – illustrating, in my view, why a “one size fits all” approach to financial thresholds and triggers will not work;“Operators have then failed to intervene as gambling becomes out of control both in short bursts or over time, and allowed criminal funds to be deposited into accounts” – which, combined with player protection concerns, is why the Commission is intending to introduce changes to the customer interaction requirements in its Licence Conditions and Codes of Practice;“Levels of staff training continues to be a concern with repeated instances of operators failing to provide relevant staff, including money laundering reporting officers, with regular training in how to recognise and deal with transactions and other activities which may relate to money laundering or terrorist financing” – underlining the need for operators to ensure that induction training is followed by regular and updated AML training tailored to the needs of each business and the roles of each recipient;“We are also concerned by the frequent disconnect between operators’ money laundering and terrorist financing risk assessments; policies, procedures and controls; customer risk profiling; customer due diligence and ongoing monitoring; and enhanced customer due diligence and enhanced ongoing monitoring. For many operators this has become a tick-box exercise, without due consideration for their importance in the risk-based approach” – it is clear that some operators have still mistakenly believed that an “off the shelf” solution is the way for them to approach their management of money laundering and terrorist financing risks, without any real thought being given to the fundamentals of a risk-based approach of the type required by not only the regulator but also by legislation.On advertising and marketing:“Operators still need to do more to ensure that their marketing communications are transparent and socially responsible” – a comment no doubt based on the steps taken by the CMA to prevent unfair bonus promotions and the numbers of adverse ASA rulings against gambling operators;We have concerns that operators are not taking sufficient care with the imagery and words used in adverts for gambling products to ensure that they are not likely to appeal to children” – notwithstanding, it would appear, the content of new CAP guidance on “Gambling advertising: protecting children and young people” that came into force on 1 April this year;“We urge operators to have regard to the recently published ASA/CAP guidance to ensure marketing campaigns are socially responsible and to better understand how the rules apply in practice” – an area where I have considerable sympathy with operators who have not been alone in failing to understand the logic behind some of the ASA’s recent rulings, the Paddy Power Rewards ad featuring Ryan Giggs’ brother and the Sky Bets “Request a Bet” ad providing obvious examples.AffordabilityOf particular note is that a wholly new section appears in this year’s Enforcement Report under the heading “Affordability and Consumer Protection”, in which the Commission focuses on those demonstrating gambling-related harm who have funded their gambling activity through the misappropriation of monies from businesses, the taking out of unaffordable loans or misappropriating funds from vulnerable people, adding that “common to all these cases has been the ineffective controls framework used by the operators to identify and manage the risk”.The Commission goes on to say that “open-source data exists which can help operators assess affordability for its GB customer base and improve its risk assessment and customer interventions” and it cites in this respect (a) Office for National Statistics Annual Survey of Hours and Earnings data relating to median gross weekly earnings for full-time employees in the UK, (b) YouGov survey data on discretionary income (i.e. money left over after deducting taxes and expenditure on accommodation, utilities and food).The Commission maintains that this suggests that the British population has disposable income per month ranging from a figure of less than £125 up to £499 (equivalent to less than £1,500 per year and £6,000 per year), without taking into account unavoidable monthly costs or annual costs such as transport, fuel, monthly contractual payments, vehicle maintenance, clothing and personal care.From this, the Commission concludes that: “the above disposable income data identifies clear benchmarks that should drive Social Responsibility (SR) triggers which will help to identify gambling-related harm by considering affordability. SR triggers should be set at a level so that most of the customer base is monitored based on the open-source information”.It adds that: “to date, we have seen nothing to indicate that gamblers have more disposable income than the general population and most people would consider it harmful if they were spending all their disposable income gambling. Benchmark triggers should be a starting point for engaging with customers and are not intended to definitively demonstrate a customer is suffering from gambling-related harm – but they can help identify instances when an operator needs to understand more about a customer, their play and affordability”. In what could well be regarded as a precursor to a forthcoming LCCP requirement, the Commission concludes that: “without adopting a framework based on such data, operators are at risk of not understanding whether customers are spending an affordable amount or whether the money is from a legitimate source”.In saying the above, it concedes that “not all business models are the same and that operators have customers with different wealth and disposable incomes. But we do expect that the operator should be able to evidence this and have developed a framework that fully reflects and incorporates the diversity of its customers base”.This is clearly going to be a more challenging and, I strongly suspect, less straightforward issue for operators than the Commission’s remarks seem to imply.It is also worth noting that the Commission has highlighted in its report SR issues arising in situations where operators omit from their customer monitoring activity monies withdrawn and then apparently re-deposited, mistakenly believing that no checks are required to mitigate any SR or money laundering risks. It advises that, in such circumstances, operators should (a) take into account that the customer might have misappropriated monies and that the monies re-deposited might be fresh criminal spend and (b) “obtain evidence when appropriate to satisfy themselves that this is not the case”.It recommends that, if an operator is going to set specific triggers for a customer base not representative of the general public, various documents sources should be relied upon, but warns that “they must contain sufficient information to substantiate the trigger level set”.In this respect, the Commission has referred in its report to attempts by operators to assess affordability for wealthy customers by obtaining financial statements from Companies House and/or by looking at property ownership, resulting in customer triggers being set at a level equal to the drawings from the companies or the net assets of the company and the value of the property combined.It concludes that “operators applying this approach frequently fail to identify indicators of problem gambling”, giving the following examples why such triggers can be inappropriately set:abbreviated company accounts may contain little detail as a standalone document to support the trigger levels decided upon;unaudited accounts may carry a risk of not being free from material misstatement;companies with low cash levels and the majority of net assets tied up in fixed assets may well have insufficient liquid assets to support the ‘level of spend’ set by the operator;limited information may be provided on the profitability of companies and evidence of salaries or dividends paid and, where such information is available, consideration must be applied to the customer’s tax liabilities on the drawings, personal circumstances or cost of living.Properly set benchmark triggers are clearly key to the issue of affordability checks. The Commission recommends that “operators revisit their framework on triggers and consider their customer base and their disposable income levels as a starting point for deciding benchmark triggers. This would help ensure vulnerable customers are identified as early as possible and interacted with appropriately”.Other key comments within the Enforcement ReportOther key comments by the Commission of which UK licensed operators should take particular note are as follows (with my own remarks following each of them):“As part of the new [National Strategy to Reduce Gambling Harms], we will continue to take a firm regulatory enforcement approach while also further improving gambling harms research and evaluation, so there is widespread adoption of what works” – meaning that further robust enforcement action should be expected by those who fall short of achieving the required standards of compliance;“We have previously published guidance for the industry on customer interaction in online gambling. This is essential reading for operators, helping them identify people who may be experiencing or are at risk of developing problems with their gambling, and ensuring their systems are robust enough. Operators should use this guidance to look at their own policies and procedures. They must think about whether they meet our expectations or if more needs to be done” – the content of this same guidance, published as long ago as February 2018, is embodied within the Commission’s proposed changes to the customer interaction requirements (relating to both remote and non-remote sectors), to which I have referred above; and“We have also amended the way we conduct assessments for online operators. When we review operator’s websites, we ask for test accounts to access information behind the sign-in page; we also ask operators to provide live website demonstrations to show us how they are compliant” – making it very hard for a non-compliant operator to seek to disguise any systemic failings.Now back to those 48 self-check questions, but let me add just one more: how soon can you find the time to answer them?__________________________David Clifton – Director – ‎Clifton Davies Consultancy Limited Share Related Articles Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Share StumbleUpon Submitlast_img read more

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Report dispels “unrealistic assessments” of Norwegian market

first_img Share Submit Stats Perform becomes sole live streaming supplier for Norsk Tipping July 9, 2020 StumbleUpon Norway’s monopoly brought into question as problem gambling rates increase May 26, 2020 Related Articles Share Norway’s Ministry of Culture seeks to end gambling’s triple guardianship  June 30, 2020 Oslo Economics has published a report examining Norway’s current monopoly gambling framework serviced by state-owned incumbents Norsk Tipping and Rikstoto.In its report, Oslo Economics – a Norwegian non-governmental agency researching national policy impacts – investigates the potential ‘risk of transition’ facing national stakeholders, should Norway replace its existing ‘exclusive rights model’ for an ‘open licensing framework’ favoured by private enterprises.The agency assesses the impact of changes on the income distribution for social directives – a mandate serviced by Norsk Tipping and Norsk Rikstoto – and how it affects national health stakeholders tackling gambling addiction.Oslo Economics also dispels a number of ‘assumptions’ formed by previous market studies, which the agency believes have been based on ‘unrealistic assessments’ of the Norwegian marketplace.Case-in-point, Oslo Economics believes that open licence model ‘taxation benefits’ have been overestimated by previous studies which have neglected to consider a number of key variables including licensing criteria, games allowed by the government and foreign operators reaction to a new model.“If these variables, and a few others, are taken into account a licence model may give a decline in the tax income of as much as 1,3 billion (NOK) instead of a rise,” the report read.Furthermore, Oslo Economics moves away from the presumed belief that the government will fail to curb illegal gambling by foreign operators should it proceed with stricter restrictive measures. It said: “Previous reports assumes that the government will not succeed in their efforts, while we assume they will.”With regards to problem gambling, Oslo Economics details that licensing provisions and criteria are key as Norwegian gambling could transition from a ‘lotto-games market’ to a full casino market, increasing the size of the marketplace, which would see lead to an increase in gambling addiction triggers.last_img read more

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Vermantia and Kiron Interactive sign virtual racing content deal

first_img Kiron extends Nordics presence with Complianza deal July 22, 2020 StumbleUpon Share Betgenius expands virtual sports range with Kiron August 20, 2020 Share George Fotopoulos, Vermantia: Decoding the customer engagement enigma June 30, 2020 Submit Related Articles Omni-channel content provider Vermantia has strengthened its offering of greyhound content after joining forces with virtual games supplier Kiron Interactive to deliver virtual racing using real greyhound racing content.Under the terms of the new partnership, Vermantia will combine footage from its fully-licensed pre-recorded greyhound races with Kiron’s virtual games engine and technology to create the new virtual product. Commenting on the collaboration, Yiannis Gangas, Chief Product Officer of Vermantia, said: “By joining forces with Kiron, an industry leader in its domain, we are glad to be extending the reach of our exclusive racing content to the virtual gaming markets and also introducing more players to the thrill of real racing action.”The product will be based upon a hand-picked selection of greyhound races from multiple, active UK racetracks, which will be subject to ‘strict quality criteria’.It is due to be supported by real racing and see professional live commentary provided in any language, while the game engine will also be adaptable to any regulatory framework.Steven Spartinos, co-CEO of Kiron, said: “Through our collaboration with Vermantia, our long- standing partner, we found both the premium racing content and the delivery technologies to meet customer demand for a premium pre-recorded racing product. “Its launch is the result of extensive research and co-development between both businesses, and we are working actively on rolling it out to our client base internationally.”last_img read more

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