Swedish Q2 GGR sinks to new low amid minimal online growth

first_img Tags: Mobile Online Gambling Slot Machines Regions: Europe Nordics Sweden Topics: Casino & games Finance Lottery Sports betting Slots 11th September 2020 | By Daniel O’Boyle Swedish gambling revenue for the second quarter of 2020 fell 4.1% to SEK5.94bn (£530.6m/€572.4m/$687.9m) as a 3.6% increase in online gambling revenue was not enough to offset the effects of the novel coronavirus (Covid-19) on the land-based sector.The SEK5.94bn total was the lowest for a quarter since the Swedish regulated online gambling market opened on 1 January, 2019.Online betting and gaming revenue grew 3.6% from 2019 to SEK3.61bn. However, it remained 1.1% below the fourth quarter of 2019 and 1.3% below the first quarter of 2020, suggesting the rise may have been brought about by the increase in licensees and greater familiarity with the regulated market rather than Covid-19.This contrasts with Minister for Social Security Ardalan Shekarabi’s warnings of a sharp increase in online casino play as the country deals with Covid-19.Shekarabi warned that circumstances during the quarter “create great risks in the gaming sector” as he introduced strict new limits on online casino play. Consumers will face a SEK5,000 (£428/€476/$540) mandatory weekly deposit cap, while licensees will only be able to offer bonuses up to SEK100. Initially the limit was intended to apply to online betting and gaming, but this was later revised to just casino.These measures, however, have been widely criticised by the gaming sector and industry association Branschföreningen för Onlinespel (BOS) as well as by regulator Spelinspektionen, who warned they would be too difficult to implement, could push players to illegal gaming sites and would be impossible to enforce. However, former horse racing monopoly ATG showed support for the deposit limit, which came into effect on 2 July.BOS chief executive Gustaf Hoffstedt told iGB he expects weaker numbers for the regulated online gaming market Q3 and more players playing on unregulated sites because of the limits.“It may have been one of the Government’s intentions with the restrictions to safeguard land based gambling, but I expect that the Q3 figures will show little support for such effect. I rather expect an increased loss in channelisation,” he said.Svenska Spel’s state lottery and land-based gaming machines monopoly brought in SEK1.29bn, down 8.5% year-on-year but up 14.7% from Q1.According to Svenska-Spel’s half-year results, revenue from its flagship Tur lottery brand grew by 3.3% to SEK1.18bn in the quarter while the Vegas-branded slot machines division brought in SEK170m. Overall, Svenska Spel’s revenue fell 19.3% to SEK1.64bn when all segments of its business are included.Svenska Spel’s Casino Cosmopol chain of land-based casinos, meanwhile, recorded no revenue whatsoever as they were all closed during the period. This follows revenue of SEK245m in the second quarter of 2019 and revenue of SEK191m in the first quarter of 2020.Non-profit lotteries, meanwhile, were the only segment to post record-high revenue, bringing in SEK950m, up 2.7% year-on-year and 10.7% from Q1.Bingo revenue, on the other hand, dropped by 34.5% to a new low of SEK38m while restaurant casinos brought in SEK33m, down 36.5%.For the first six months of the year, revenue came to SEK11.87bn, down 2.5% year-on-year. Online betting and gaming revenue was up 5.5% at SEK7.27bn, while state lottery and gaming machine revenue came to SEK2.42bn, down 14.6%.Casino Cosmopol revenue was down 59.1% at SEK196m, all in Q1. Non-profit lottery revenue came to SEK1.81bn, up 2.6%, bingo revenue fell 22.4% to SEK90m and restaurant casino revenue was down 15.0% at SEK85m.These figures came from Sweden’s 99 licensees, of which 72 are licensed for online betting or gaming.The regulator also cited H2 Gambling Capital in order to estimate the size of the Swedish unregulated market. The data specialist’s estimate was between SEK620m and SEK732m. This figure would suggest an online channelisation rate of around 85%.“We continue to urge Spelinspektionen to investigate the level of channelization in Sweden, or alternatively to treat the channelisation reports from our association as official governmental documents,” Hoffstedt said. “Correct estimates of the channelisation is the number one KPI whether a gambling regulation is meeting its goals or not.”The regulator also noted that just over 52,000 people had self-excluded from gambling through Spelpaus, up by just under 4% year-on-year. Swedish gambling revenue for the second quarter of 2020 fell 4.1% to SEK5.94bn (£530.6m/€572.4m/$687.9m) as a 3.6% increase in online gambling revenue was not enough to offset the effects of the novel coronavirus (Covid-19) on the land-based sector. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Casino & games Swedish Q2 GGR sinks to new low amid minimal online growth Email Addresslast_img read more

Studio Press (Nigeria) Plc (STUDPR.ng) HY2013 Interim Report

first_imgStudio Press (Nigeria) Plc (STUDPR.ng) listed on the Nigerian Stock Exchange under the Printing & Publishing sector has released it’s 2013 interim results for the half year.For more information about Studio Press (Nigeria) Plc (STUDPR.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Studio Press (Nigeria) Plc (STUDPR.ng) company page on AfricanFinancials.Document: Studio Press (Nigeria) Plc (STUDPR.ng)  2013 interim results for the half year.Company ProfileStudio Press (Nigeria) Plc is a printing and manufacturing company in Nigeria involved in lithographic printing and manufacturing cartons, light packaging materials and labels. The company is produces nylon and poly wrappers using flexo printing. Studio Press Nigeria Plc is a subsidiary of Rommac Agencies Limited. The company’s head office is in Lagos, Nigeria. Studio Press (Nigeria) Plc is listed on the Nigerian Stock Exchangelast_img read more

Total Petroleum Ghana Limited (TOTAL.gh) HY2013 Interim Report

first_imgTotal Petroleum Ghana Limited (TOTAL.gh) listed on the Ghana Stock Exchange under the Energy sector has released it’s 2013 interim results for the half year.For more information about Total Petroleum Ghana Limited (TOTAL.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Total Petroleum Ghana Limited (TOTAL.gh) company page on AfricanFinancials.Document: Total Petroleum Ghana Limited (TOTAL.gh)  2013 interim results for the half year.Company ProfileTotal Petroleum Ghana Limited supplies petroleum and allied products for vehicles with petrol and diesel engines as well as fuel and fuel oil for the aviation, marine and mining sectors in Ghana. The company also supplies a range of automotive lubricants and special fuels including racing fuels and lubricants, biocides, industry fuels, refining additives and performance additives. Total Petroleum Ghana Limited offers expertise and services to support the mining supply chain which include a fluid analysis laboratory, fuel management system, filtration and contamination management, mobile tank solutions, on-site refueling, road transport safety and solar energy solutions. Total Petroleum Ghana Limited is a subsidiary of Ghanstock Limited. Total Petroleum Ghana Limited is listed on the Ghana Stock Exchangelast_img read more

Nation Media Group (NMG.rw) 2016 Annual Report

first_imgNation Media Group (NMG.rw) listed on the Rwanda Stock Exchange under the Printing & Publishing sector has released it’s 2016 annual report.For more information about Nation Media Group (NMG.rw) reports, abridged reports, interim earnings results and earnings presentations, visit the Nation Media Group (NMG.rw) company page on AfricanFinancials.Document: Nation Media Group (NMG.rw)  2016 annual report.Company ProfileNation Media Group is the largest independent media house in East and Central Africa with interests in print, broadcasting and digital media. Nation Media Group operates in Kenya, Uganda, Tanzania and Rwanda. Multi-media platforms include newspaper and magazine publications, radio and television broadcasting, and digital marketing publications. Nation Media Group generates and distributes content created to inform, educate and entertain consumers to a multi-cultural audience across East and Central Africa. The media house was founded in 1960 in a turbulent political era by His Highness the Aga Khan and became a voice for African people. Nation Media Group is listed on the Rwanda Stock Exchangelast_img read more

The DigitalAgenda Impact Awards 2018 open for nominations

first_imgThe DigitalAgenda Impact Awards 2018 open for nominations About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.  96 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 Business transformation – products and projects that help business, government and non-profits to become more effective and happier, healthier places to work.Financial inclusion – technologies that make it easier for people to save and spend, and that enhance access to and the quality of financial services.Investment – the best in impact funding provided by investors and backers of all kinds, across all platforms and funding routes.The 2018 Impact Awards are sponsored by Nominet Trust, and are being run in association with private bank Berenberg. Entry is open until 18 December 2017, with judging to take place in January next year. Judges include representation from: Bethnal Green Ventures, Cass Centre for Charity Effectiveness, Essence, Freeformers, Nominet Trust, Northzone, RocketSpace, University College London, US Ai, ustwo and White Star Capital.Julian Blake, DigitalAgenda Director and Editor said:“The Impact Awards celebrate technology that is being used for positive impact rather than just for profit. Our awards highlight the amazing potential for technology to be a force for good. Technology isn’t always seen as a force for good, with understandable public fears about its effects on privacy, child safety and the future of work, but digital also offers the potential to address some of the biggest challenges we face.”  95 total views,  1 views today Tagged with: Awards Digital Technologycenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 The DigitalAgenda Impact Awards 2018 have opened for nominations, searching for the best of UK technology for good.Now in their second year, the DigitalAgenda Impact Awards celebrate digital innovations that make a positive impact on the way people live, learn and do business. There are 12 categories covering three broad themes of people, places and business, and the awards are open to entry from any UK-based business, government or non-profit using digital products or services for positive social or environmental impact. There will also be awards for people’s choice and individual impact.Categories:People themeEducation – technologies that are transforming both teaching and learning, in schools, universities or online.Employment & skills – technology that is changing ways into work, and work itself, as well as initiatives that increase people’s skills and access to talent.Health – technology that enhances healthcare knowledge and treatment, as well as people’s abilities to lead healthier and happier lives.Sharing and communities – digital initiatives that help people to share resources more effectively, or where collaboration enables greater community participation and an increased sense of shared purpose.Places themeCities – digital initiatives that enhance places and spaces, making them better places to live, work and play.Climate – technologies that help organisations to manage and understand environmental change, helping them to create places that are more sustainable.Sustainable living – technologies that enable individuals to live more sustainably, by providing higher-quality, healthier food or reducing waste.Smart – products and services using smart technologies, including around travel, to make urban and rural living easier, offering greater mobility and enabling people to connect more easily.Business Advertisement Melanie May | 31 October 2017 | Newslast_img read more

Student COVID-19 cases near zero as semester reaches midpoint

first_imgprintUpdated Oct. 6 with latest numbers. Active COVID-19 cases among TCU students reached their lowest levels since the first week of classes Tuesday. The drop to 7 active cases, two on-campus and five off, comes a month after case numbers reached a high of 444 among students. That spike prompted concerns that the university would have to move to a fully online format. However, cases began steadily declining on Aug. 29 and have not risen since. Read more: ‘We literally cannot keep up’: Spike in COVID-19 cases prompts warning Twitter Linkedin Benton McDonaldhttps://www.tcu360.com/author/benton-mcdonald/ Welcome TCU Class of 2025 Facebook Chancellor talks stimulus money, COVID-19 vaccines and more at limited attendance faculty town hall Students enjoy the football game on Sept. 26, 2020. (Heesoo Yang/Staff Photographer) Benton McDonald is a senior journalism and political science double major from Austin, Texas. He has worked for TCU360 since his freshman year and is currently the executive editor. Twitter Benton McDonald Settlement reached between TCU, former professor in discrimination lawsuit Benton McDonaldhttps://www.tcu360.com/author/benton-mcdonald/ + posts center_img ReddIt Benton McDonaldhttps://www.tcu360.com/author/benton-mcdonald/ Thousands of TCU community members receive COVID-19 vaccines as university supply increases Vice Chancellor for Student Affairs Kathy Cavins-Tull said the rash of cases in the early weeks of the semester was caused by people moving back to campus from all over the nation and spreading the virus once they arrived. “The natural activities that occur when a school year begins likely contributed to the spread of the virus,” she said. The university sent out a number of emails to the student body asking them to cease gathering in large groups in the opening weeks of the semester. Cavins-Tull attributed the decline in cases to university testing protocols and student behavior. Group testing TCU focused on testing groups of students living together once a positive case was identified to mitigate the growth of “clusters.” Cavins-Tull said testing these groups and isolating the positive cases likely helped the university stop the spread. “We target tested any groups, mostly living units, where we began to see clusters forming,” she said. “Those testing positive were isolated and others who were close contacts quarantined.”Two Greek chapters were put under a blanket quarantine order during the second week of classes to help “slow the spread within membership.” Read more: Two sorority chapters to quarantine for two weeksTCU does not track the number of tests performed as part of their COVID-19 dashboard. Student behavior Student behavior has been identified as another cause for both declining cases and optimism that another spike won’t occur. “I definitely think that student behavior played a big part in managing the spread and it will continue to remain the biggest factor in our control of the spread of this virus,” Cavins-Tull said. Previous reporting by TCU 360 revealed concerns that students were not reporting positive test results to the university. Students living off campus are not required to report positive test results to the university, although local testing providers are asking for consent. If they refuse, the health department follows up with their case. Chancellor Victor Boschini said at a Faculty Senate meeting earlier this month that the university expects case numbers to fluctuate. Cavins-Tull agreed but said students can still be proactive to help stop the spread. “Probably the most important things we know from the health experts are to wear your mask, keep your hands clean and maintain some physical distance with others,” she said. “I think we’ve gotten pretty good at this by now.”She also mentioned the importance of sleep and regular eating as the academic workload increases around midterms. “Maintaining a commitment to wellness will help the immune system and that is important for fighting COVID and as we enter flu season,” Cavins-Tull said. The university will be offering their annual free flu shot clinic Oct. 7.Read more: Annual flu shot clinic to occur outside, by appointment next month Facebook Linkedin Board approves tuition freeze, RRI actions but doesn’t act on eligibility issue spurred by Williams World Oceans Day shines spotlight on marine plastic pollution Benton McDonaldhttps://www.tcu360.com/author/benton-mcdonald/ ReddIt TCU places second in the National Student Advertising Competition, the highest in school history Previous articleWhat we’re reading: Vice presidential debate tonight, Tanglewood schools move to in-person learningNext articleWhat we’re reading: Hurricane Delta could be updated to Category 4, Texas governor hints at bars reopening Benton McDonald RELATED ARTICLESMORE FROM AUTHORlast_img read more

Significant increase in drug related offences in Donegal

first_img Pinterest Pinterest Facebook Homepage BannerNews WhatsApp Google+ Facebook Important message for people attending LUH’s INR clinic Loganair’s new Derry – Liverpool air service takes off from CODA Twitter News, Sport and Obituaries on Monday May 24th Previous articleControversial sitting of Dáil takes place laterNext articleCouncil hope to open up Mica Redress scheme shortly News Highland center_img Significant increase in drug related offences in Donegal WhatsApp RELATED ARTICLESMORE FROM AUTHOR Google+ DL Debate – 24/05/21 Arranmore progress and potential flagged as population grows Twitter There’s been a significant increase in drug related offences in Donegal.According to latest figures from the Central Statistics Office for the last quarter of 2019, there has been a 111% increase in drug related offences in the county compared to the same period in 2018.While drug driving is up 81%.CSO figures show that controlled drug offences have more than doubled with 60 offences recorded in the final quarter of 2018 compared to 127 during the same period in 2019.While the number of recorded possession of drugs for sale and supply offences trebled from 9 to 31 and possession of drugs for personal use offences are up 91%.Driving under the influence of drugs is up 81% and drink driving up 23%.Meanwhile, there’s been a 5% decrease in burglary related offences which includes aggravated burglary.Theft related offences including theft of vehicles and the handling of stolen goods are down 10%.Sexual offences are down almost 30% and the number of recorded rape and sexual assaults is down 25%. By News Highland – April 2, 2020 Nine til Noon Show – Listen back to Monday’s Programmelast_img read more

Former Councillor Colm Gallagher passes away

first_imgHomepage BannerNews By News Highland – July 2, 2018 WhatsApp Twitter Arranmore progress and potential flagged as population grows Loganair’s new Derry – Liverpool air service takes off from CODA Former Donegal County Councillor Colm Gallagher has passed away.He was a member of Donegal County Council from 1966–1999 having been co-opted onto the council in June 1966.Mr Gallagher was Cathaoirleach of Donegal County Council from 1982-1983 and served on a number of committees including; the Environment Committee, Housing Committee, Roads Committee, Library Committee, Arts Committee, Museum Steering Committee and Co Donegal Old Age Pension CommitteeDuring his term as Councillor he also represented Donegal County Council on the Donegal Local Committee of the North Western Health Board, North West Regional Tourism Organisation Ltd, County Donegal Vocational Education Committee and Delegate to the Local Authority Member’s Association. Facebook Google+ Facebook Google+ Pinterestcenter_img DL Debate – 24/05/21 Twitter RELATED ARTICLESMORE FROM AUTHOR Previous articleWestern Region worst affected as issues are identified on 33% of NI school buses, Western Region worst affectedNext articleKelly and McEleney sign up at Dundalk News Highland Former Councillor Colm Gallagher passes away News, Sport and Obituaries on Monday May 24th Pinterest Important message for people attending LUH’s INR clinic WhatsApp Nine til Noon Show – Listen back to Monday’s Programmelast_img read more

Mortgage applications slow but no end in sight to buying boom

first_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Refinancings also dropped last week, continuing a trend that has been ongoing for some time. MBA’s index tracking refinance applications dropped 5 percent from the previous week, and is now at its slowest pace since September 2020. The average refinancing loan size was $284,200.The 30-year fixed mortgage rate has increased by 50 basis points since the start of 2021, which may be keeping homeowners from initiative refinancings. According to Kan, there were declines in applications for both private and government loans.The average purchase loan size increased slightly from the week prior, from $406,200 to $409,300. That reverses a weeks-long trend of declining loan prices that has been consistent throughout the month.MBA’s survey covers 75 percent of the residential mortgage market and has been conducted weekly since 1990.Contact Sasha Jones Housing MarketMortgagesResidential Real Estate Message* (iStock/Illustration by Alexis Manrodt for The Real Deal)Mortgage applications decreased last week, but that doesn’t mean the rush to buy homes is slowing down.An index tracking those applications decreased 2.5 percent, seasonally adjusted, from the prior week, according to the Mortgage Bankers Association. Buyers are increasingly confronted with historically low inventory, which is pushing prices up, according to the MBA.Still, the purchase index increased for the fourth consecutive week and was up 26 percent from last year’s pace.“As both home-price growth and mortgage rates continue this upward trend, we may see affordability challenges become more severe if new and existing supply does not significantly pick up,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement.ADVERTISEMENTRead moreMortgage rates surge — and refinance applications sinkHomebuyers get ready to “spring” into actionRefinance applications hit 7-month low Email Address* Full Name* Tags Share via Shortlinklast_img read more

Cuda begins operations at Barron Flats Unit CDP in Powder River Basin, WyomingWyoming

first_img Image: Cuda has announced the commissioning of Miscible gas flood facility in US. Photo: courtesy of drpepperscott230/Pixabay. Cuda Oil and Gas has announced the commissioning of Miscible gas flood facility and central delivery point at the company’s Barron Flats Shannon Unit (SSRU) in Converse County, Wyoming, US.The plant and facility handles liquid-rich Shannon Field solution gas and Y-Grade condensate supplied from the 330,000 gallon on-site natural gas liquids (NGL) storage bullets to generate the miscible fluid for injection.Since 28 June this year, the injection into the William Valentine cyclic gas stimulation test well has been continuing at an average rate of nearly 350mcfd at 1,350 psi wellhead pressure.Cuda president and CEO Glenn Dawson said: “The start-up of the CDP marks another major operating milestone for Cuda. In recent months, we have been very active in the field.“With the CDP now commissioned and on-line, we look forward to frequent field-level updates that could be material in the context of the operations of the Company.”The recent operations at the field involve the installation of injection delivery pipelines and associated facilities from the CDP to six additional injection well sites, taking the total number of gas flood patterns being developed to seven.According to Cuda, a total of thirty-four oil wells, including the six injection patterns have been planned to be completed by the end of 2019.Cuda said that construction of the 15km high pressure, a natural gas pipeline from the CDP at Barron Flats Unit to the Interstate connection point near Glenrock Wyoming, is undergoing.The CDP receipt facility and delivery meter tap facility have been finished.The entire system is expected to be tested and concluded in December, with capability of delivering up to 15MMcfd of makeup natural gas to the miscible gas flood project on demand.Cuda had sold its Quebec assets in SeptemberIn September, Cuda had disposed of all of its petroleum and natural gas rights in Quebec, including all land permits, licenses and production rights and interests in the Province. The plant and facility handles liquid-rich Shannon Field solution gas and Y-Grade condensatelast_img read more