Medvedev delays Davos trip due to terrorist blast

first_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleFamilyThisThe Biggest Wrestlers From Back In The Day & How They Look NowFamilyThisAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsMoneyWise.comThe Worst College In Every US State, RankedMoneyWise.comMovie JewelInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeMovie JewelGameday News40 Abandoned Stadiums That Once Made Sports HistoryGameday Newsgazillions.comCelebrities Side By Side With Their Younger Selvesgazillions.combonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comNext RefinanceThis Is Why The Roy Rogers Museum Has Been Closed For GoodNext Refinance whatsapp Monday 24 January 2011 8:08 pm Show Comments ▼ KCS-content More From Our Partners A 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comcenter_img whatsapp Share RUSSIAN president Dmitry Medvedev has delayed his trip to the World Economic Forum in Davos this week due to a suicide bomb at Moscow’s Domodedovo airport that killed 35 people yesterday.The president swore to hunt down the culprits, writing on Twitter: “Security will be strengthened at large transport hubs. We mourn the victims of the terrorist attack at Domodedovo airport. The organisers will be tracked down and punished.”No group has yet taken responsibility for the attack, but the bombing was praised on unofficial Islamist site kavkazcenter.com.Tensions in the North Caucasus, which has a 20 per cent Muslim population eager to secede from Russia, have been building in recent months. “It is yet another sign that what [Russia Prime Minister Vladimir] Putin started in 1999 by invading the rebellious republic of Chechnya has come home to roost again in the Russian capital,” said Glen Howard, president of the US Jamestown Foundation research institution. Medvedev delays Davos trip due to terrorist blast last_img read more

IAG unveils maiden numbers

first_img Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoHero WarsAdvertisement This game will keep you up all night!Hero WarsUndo Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof KCS-content whatsapp IAG unveils maiden numbers center_img Thursday 3 February 2011 7:37 pm Share International Airlines Group (IAG), formed by the merger of British Airways and Iberia, carried 4.5 per cent more passengers in January than the two carriers combined flew a year earlier. IAG said it carried 3.75m passengers last month, up on the 3.59m carried by BA and Iberia in January 2010. However, its passenger load factor – a measure of how well it fills its planes – fell 2.3 percentage points to 73.7 per cent. whatsapp Tags: NULLlast_img read more

Qinetiq secures early refinancing to aid growth during defence spending cuts

first_img More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com whatsapp KCS-content whatsapp Share Monday 7 February 2011 7:53 pmcenter_img Qinetiq secures early refinancing to aid growth during defence spending cuts Show Comments ▼ DEFENCE technology group QinetiQ said yesterday it has completed the early refinancing of its £275m credit facility to help the firm advance amid looming cuts to government defence budgets and an ongoing restructuring. FTSE 250-listed QinetiQ has renewed the revolving facility, which was due to mature in August 2012, with a syndicate of banks made up of Barclays, HSBC, RBS, Bank of America, JP Morgan Cazenove and UBS. QinetiQ chief executive Leo Quin said in a statement: “The early re-financing of QinetiQ’s credit facility demonstrates the improved strength of the Group’s balance sheet and marks another important milestone in our self-help programme.”QinetiQ said in its interim management statement last week that its principal markets on both sides of the Atlantic have remained under pressure thanks to government efforts to reduce deficits. The firm is also mid-way through a two-year “self-help” programme designed to streamline the business following an annual loss in 2009 / 10. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBe Tags: NULLlast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img Kinsey Allen InternationalThe global executive search firm has appointed DiAnn Ferguson to launch its asset management practice in San Francisco. Ferguson will focus on mandates within the asset management sector on the west coast of the US. She has over 20 years experience as a trader, broker and search consultant in London, continental Europe and the US. Her experience as a trader and a broker has given her in depth knowledge of capital markets.Alexander ProudfootThe operational improvement consultancy has announced the appointment of Stephen Brewer to lead its telecoms practice. Brewer was Vodafone’s managing director for sales and distribution before moving to Cable and Wireless as chief executive for their Caribbean operations. Most recently he established a new business for Digicel in Trinidad and Tobago. Before joining the mobile telecommunications industry, Brewer worked in the computer industry, having been a founding board director of Apple Computer UK, and head of European operations for ComputerLand.RBS Wealth DivisionIan Ewart has been appointed director of marketing for RBS Wealth Division. Ewart will be responsible for the marketing and communications strategy across all of the RBS Wealth Division brands including Coutts & Co, RBS Coutts, RBS International and Adam & Company. Ewart was most recently head of international marketing at Bank of America Merrill Lynch and joins RBS as a leading industry expert in private banking marketing management. He has also held a number of senior marketing positions, notably at Barclays Wealth and HSBC.Peel HuntThe independent broking and advisory firm has hired Andy Crossley as head of corporate sales and syndication. Crossley has over 25 years of experience in the City and was previously with Invesco Perpetual for 20 years, managing institutional funds and investment trusts including the UK Smaller Companies Growth Fund. Crossley started his career as a credit analyst with Midland Bank in 1986, moving to become a corporate credit analyst at the United Bank of Kuwait a year later. In 1989 he joined Guinness Mahon Asset Management as a UK smaller companies manager responsible for two unit trusts. KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Sunday 20 February 2011 10:13 pm whatsappcenter_img whatsapp Share Show Comments ▼ CITY MOVES | WHO’S SWITCHING JOBS Tags: NULLlast_img read more

FTSE ends at three-month low on Japan crisis

first_img whatsapp FTSE ends at three-month low on Japan crisis alison.lock Monday 14 March 2011 5:05 pm Tags: NULLcenter_img The FTSE slumped to a three-month low at market close as traders digested the humanitarian disaster emerging from Japan’s earthquake and tsunami.Risk appetite sank, with only non-nuclear energy firms boosted by the disaster, up as the threat of a nuclear explosion in one of Japan’s three damaged power stations remained high. The FTSE 100 closed down 0.92 per cent at 5,775.24. It has lost almost 200 points in the past four trading days with sentiment weighed on by violence in Libya, eurozone debt worries, China and US trade deficits, and Japan.“Sentiment in markets has been in reverse for the best part of a month now, and the ongoing tragedy in Japan is encouraging investors to remain in safe haven assets, which are not equities,” said IG Index sales trader Yusuf Heusen. Markets and politicians alike focused on the contribution nuclear power was making to Japan’s crisis, with Germany and Switzerland among several countries putting their nuclear power ambitions on hold. Temporary power supplier Aggreko topped the risers board, up 8.24 per cent at 1,523p and BG Group finished 3.7 per cent higher at 1,514p as traders bet they would benefit from higher demand in Japan while its nuclear power stations remained out of action.Both stocks saw extremely heavy volumes traded, and in the FTSE 250, coal power station operator Drax Group saw its shares boosted 3.13 per cent to end at 408.7p.Miners also rose with Vedanta and African Barrick Gold both closing higher, while investor Schroders’ non-voting shares finished 1.24 per cent up at 1,389p after Deutsche Bank analysts raised its rating to “buy”. Fashion group Burberry fell furthest to close down 4.34 per cent at 1,123p on the back of investor worries that Japan’s appetite for high-end products would decline.Large UK life insurers took a hit as the tsunami lowered sentiment on the sector – despite the fact that few have any exposure to losses in Japan. Aviva ended 3.06 per cent down at 440p and Standard Life gave up 2.55 per cent to finish at 217.5p, while Resolution was also down.The smaller non-life insurers were also hit – on the FTSE 250, Catlin fell most to close down 3.17 per cent at 338.7p. But other Lloyd’s agents such as Amlin and Chaucer, which updated the market about their estimated exposure, fared better, closing up 2.23 per cent and 2.31 per cent respectively. US markets also closed in the red after spending the day in the shadow of the earthquake, with stocks linked to nuclear power worst-hit. General Electric, which has combined nuclear ventures with Hitachi, dropped 2.16 per cent to $19.92 and was the top percentage decliner on the Dow.The Dow Jones industrial average was down 51.24 points, or 0.43 per cent, at 11,993.16. The S&P 500 Index was down 7.89 points, or 0.6 per cent, at 1,296.39. The Nasdaq Composite Index was down 14.64 points, or 0.54 per cent, at 2,700.97. Share Show Comments ▼ whatsapplast_img read more

Q&A

first_img whatsapp Q. What happens next?A. As with Greece and Ireland, the Eurogroup of Eurozone finance ministers will send the Troika – representatives of the European Central Bank, the International Monetary Fund and the European Commission – to Portugal. Over three to four weeks they will assess the size of the bailout needed and any conditions likely to be placed on it. Q. How much will it need?A. An €85bn (£74bn) bailout is expected. This includes €60bn to mop up government bonds and avoid further refinancing until 2013; €10bn to recapitalise its banks and €14bn to finance state-owned companies. Q. When is the funding likely to be given?A. It should take two weeks from approval of funding to receipt of the money – so Portugal should receive the aid by the end of May.Q. What would happen if Portugal defaulted? A. Its estimated $200bn (£123bn) of external debt would become worthless. This could cause difficulties for holders of the debt such as banks in Spain, Germany, France and the UK. A default may also hinder the inter-bank lending markets, which could again cause problems for European banks. Portugal’s banks are most vulnerable – they own almost €20bn of government debt. This has largely been funded through borrowing from the ECB, which means it too would bear losses. whatsapp Thursday 7 April 2011 8:48 pm Q&A Share KCS-content center_img Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance Stories last_img read more

Philips spins off TV arm as profit disappoints

first_img Tags: NULL Share whatsapp Monday 18 April 2011 3:08 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp center_img Philips spins off TV arm as profit disappoints Show Comments ▼ John Dunne Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Dutch consumer electronics giant Philips Electronics said it would divest its struggling television business as first-quarter net profit came in below expectations.Philips is transferring its TV business to a joint venture with its partner, global monitor maker TPV.“Finding a solution for our television business was our top priority and we strongly believe that the intended 30-70 per cent joint venture with TPV that was announced today will enable a return to profitability for the television business, and an increased portfolio focus for Philips in health and well- being,” said chief executive Frans van Houten in a statement.Van Houten, a restructuring expert, took over as chief executive on 1 April.Philips said TPV will purchase 70 per cent of the shares in the joint venture for a deferred purchase price, equating to four times the joint venture’s EBIT over the years 2012 until the year Philips exercises its right to receive the purchase price.Philips also has an option to sell the remaining 30 percent stake to TPV for the same terms after six years.Once a global leader, Philips TV business has lost its luster and cannot compete with lower-cost rivals.The unit, which makes up less than ten per cent of group sales, has become a thorn in the firm’s side, having notched up losses of almost a billion euros since the beginning of 2007.Philips currently licenses its TVs to TPV in China as well as Funai in the United States and Videocom in India.Philips announced first-quarter net profit of 138 million euros, down 31 per cent from a year ago and below forecasts. last_img read more

Oswald Grübel has got the Swiss tanker moving in right direction

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com UBS is best thought of as a huge army tanker, which was hurtling at high speed in completely the wrong direction when Oswald Grübel took the controls in 2009. First he had to bring it to a halt, by stopping the firm hemorrhaging client cash in the face of a highly-damaging US tax probe and the preceding financial crisis; then he had to turn it around, something he has been doing slowly but surely for many months; now he appears to have it travelling in the right direction.A strong rebound in wealth management inflows, which came in at a net SwFr11.1bn in the first quarter, is proof that the Swiss bank’s nascent recovery has turned into something more full-throated. Some investors might quibble over the numbers behind the markedly improved headline investment banking result: the bank still appears to be losing market share in both equity and debt capital markets. Others will want to wait for the results of the much-anticipated strategic review before piling into the stock. By then, however, the turnaround of a bank that was one of the credit crunch’s biggest victims, will be priced in. whatsapp Oswald Grübel has got the Swiss tanker moving in right direction Tuesday 26 April 2011 8:57 pm whatsapp Show Comments ▼ KCS-content Share Tags: NULLlast_img read more

Sweden starts on the right foot

first_img While it won’t open until January 1, 2019, Scott Longley argues Sweden’s iGaming market regulation can already be considered a success AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Strategy Sweden starts on the right foot Email Address Subscribe to the iGaming newsletter 20th December 2018 | By contenteditor Strategy In one sense, we can already call the newly regulated Swedish online gambling market a success. A steady stream of press releases has emanated from the Swedish Gambling Authority (Lotteriinspektionen) announcing the names of more operators which have been granted licenses.At the time of going to press the total stood at 31 licences awarded to 28 operators and with a fortnight to go to D-Day, there will certainly be more to come before the market is launched on January 1, 2019. The big names are all ready to go, with the list as of December 18 containing such market big hitters as Kindred, Btesson, LeoVegas, Mr Green, PokerStars, JackpotJoy and bet365.The Swedish politicians and the regulator will no doubt also have been pleased to read that Kindred chief executive Henrik Tjarnstrom telling Bloomberg that he expects the number of employees in Sweden to rise from around 300 this year to 400 next year and 700 in the next couple of years.This employment boost can be set alongside the online gambling-derived taxation that will accrue from a greater degree of regulatory participation as well as what the authorities will view as the greater degree of consumer protection afforded by a more open online regime.This combination of factors means it is easy to predict that the Swedish market will be hailed as a success by its architects. The tax rate – now officially the lowest in Europe for online gaming if not sports-betting – has enticed enough of the big names that the degree of leakage into what will now definitively be the black market.Regardless of whatever revenues figures are actually achieved in the early months, it seems likely they will be greeted positively by all sides of the online gambling debate, from the politicians and the regulators through to the operators and the media beneficiaries of their increased marketing spend.To coin a phrase, what’s not to like? Admittedly, Sweden has certainly taken its time to get its regulatory act in order. From the early days of online poker, Sweden has been a leading online grey market with very little by way of official sanctions to stop the sector growing sizeably. The ease with which the grey market emerged is evidenced by the stature of the operators and suppliers that have come from the country.Bet365 and PokerStars apart, most of the names that head the list above have their roots in Sweden even if they currently choose to operate largely out of Malta and Gibraltar. They are market leaders and importantly they have been innovating for some time. It means that the rate of channelling from the current grey market into the regulated sphere is likely to be high.It is for this reason that expectations for the success of the market do not necessarily encompass the possibility of sizeable revenue growth. Estimates for the current size of the unregulated and regulated market combined in 2017, for instance, vary between the semi-official estimate of SEK6.6bn to SEK8.8bn or between €650-860m.This gives a 2017 per capita online gambling spend figure of circa €86 which compares favourably with the figure for the already regulated and analogous Danish market of €78 and a UK figure for the year to March 2018 of approximately €89.These figures suggest that though there will be an element of the regulated market getting up to speed in the first few months, we are unlikely to see a huge market expansion on the previous estimates. The total market size come the end of 2019 is likely to be higher than the estimates for the combined grey and regulated market of 2018 by a mid-to-single digit percentage.It could be argued, in fact, that the only way the Swedish market opening process might be deemed to have failed would be if the notional per capita online gambling spend were to rise substantially above, say, the UK or Danish figures.That would suggest a market that had overheated.The way the regulations have been framed seems designed to mitigate against this possibility. Hence, the various rules and regulations around bonusing, for instance, and the regulator’s clear desire for socially responsible gambling warnings to be as prominent in Sweden as it is currently in the UK.Much as the attention of the global gambling industry is focused on the US right now, there will also be a lot of eyes on what happens in Sweden in the coming months. Both the regulator and the operaotrs will be hoping it is a success – but maybe just not too much so.last_img read more

Loto-Québec to launch Evolution live casino content

first_img Canada’s Loto-Québec has expanded its iGaming offering with the addition of live dealer casino games from Evolution Gaming.The provincial lottery operator, which is headquartered in Montreal, will broadcast live casino games from Evolution’s production studio in Vancouver on its Lotoquebec.com site.Customers will have access to six dedicated, branded tables – five of which will be hosted by French-speaking dealers – as well as four standard tables. Loto-Québec expects to launch the new service before the end of January.“We’re thrilled to be launching casino en direct,” Lotoquebec.com online product manager Sovanna Phan said. “It fits hand in glove with our click-and-mortar strategy to engage with customers both online and face-to-face at our casinos.”Lotoquebec.com will be the second igaming site operating out of Evolution’s site in Vancouver, which opened in February last year. The British Columbia Lottery Corporation already offers live casino games to customers in British Columbia and Manitoba from the facility.At present, Evolution is the only licensed live casino provider active in Canada.“The service we will be providing to Lotoquebec.com underlines the flexibility of our Vancouver studio and our vast experience in the provision of live casino solutions,” Evolution chief business officer for American and land-based gaming James Stern said.“Our track record in providing native speaking dealer solutions is a key factor, with Lotoquebec.com’s French speaking presenter tables being a key USP when serving the province’s predominantly French speaking population.” Topics: Casino & games Lottery Tech & innovation Loto-Québec to launch Evolution live casino content Regions: Canada Quebec Evolution Gaming will provide services from its Vancouver production studio Tags: Mobile Online Gambling Subscribe to the iGaming newsletter 8th January 2019 | By contenteditor Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more