Weber: euro doves blocked ECB candidacy

first_img Weber: euro doves blocked ECB candidacy Sunday 13 February 2011 11:32 pm whatsapp KCS-content whatsappcenter_img BUNDESBANK governor Axel Weber has been forced out of the running for the European Central Bank (ECB) presidency by Eurozone doves who would have marginalised his hawkish views, he said after quitting the Bundesbank presidency on Friday.Weber was the front-runner to replace outgoing ECB president Jean-Claude Trichet until last week, when he announced that he is quitting the Bundesbank in April, a year before his term is up.Referring to his opposition to the ECB’s activism in buying sovereign bonds to shore up the euro, Weber said: “These positions might not have always been helpful for my acceptance in some governments.”Eurozone governments have become heavily reliant on ECB activism as worries about the euro have pushed up yields in peripheral economies. But Weber has vocally disagreed with the bank’s interventions.He now says that he was “aware that a potential candidacy would be damaged” by his stance. “The (ECB) president has a special role,” he added. “However, if he has a minority position in important questions, then the credibility of this office suffers.”Weber’s withdrawal throws the race wide open to a thin pool of candidates, with Germany lacking an obvious replacement. Germany is likely to have a strong say in the selection of a new president due to its role in bank-rolling successive Eurozone bailouts.The race will pit traditionally hawkish countries fearful of inflation, like Germany, against more indebted, high-unemployment economies like Spain and Italy, who would favour loose policy and a more activist bank. And there is also a strong element of national pride at play. ING economist Carsten Brzeski asks: “Could the French live without a French member in the ECB’s executive board after the end of Trichet’s term?” One member of the board will retire in May, while Trichet will step down in October.FRONTRUNNERS FOR THE ECB JOBERKKI LIIKANENCurrently the governor of the Bank of Finland and a member of the ECB governing council, Liikanen could satisfy a perceived need for geographical balance in the ECB’s make-up, given that its vice-president is from Portugal. However, EU economics commissioner Olli Rehn is also Finnish. Liikanen is known as a moderate on monetary policy. MARIO DRAGHIItaly’s central bank governor and chair of the Financial Stability Board, Draghi was viewed as the only obvious rival to Weber for the ECB job. But his chances are hurt by his nationality: Germany will not be keen to have southern-Europeans as both president and VP. German daily paper Bild has already said that he would not be hawkish enough on inflation.KLAUS REGLINGThe current head of the European Financial Stability Facility, the Eurozone’s €440bn bailout fund, could provide German Chancellor Angela Merkel with a replacement German to fly the national flag. He is thought to be hawkish on monetary policy while being more conciliatory than Weber. But his lack of central bank experience weighs against him.YVES MERSCHThe central bank governor of Luxembourg would satisfy German demands for a hawk, having once joked: “Do I look like a hawk? Is it the shape of my nose?” He views price stability as a central bank’s key responsibility and has criticised both the ECB’s bonds purchases and low rates. This might mean, however, that he faces the same opposition as Weber. Share Show Comments ▼ Tags: NULLlast_img read more

Jupiter boosted by international clients

first_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Monday 18 April 2011 2:56 am Jupiter boosted by international clients Show Comments ▼ Jupiter Fund Management saw clients add £333m of new money in its first quarter, driven by demand for its fund of fund range and growth in inflows from international investors.The asset manager said on Monday assets rose to £24.5bn in the quarter to 31 March, boosted by inflows into its mutual funds and its Global Convertibles and Strategic Total Return fund products.Jupiter pulled in £772m of new money in the previous quarter and £509m in the corresponding quarter a year ago.Analysts at Peel Hunt had forecast assets would rise to £24.4bn.The inflows offset a withdrawal of £71m in the segregated mandate product after a single client redeemed in order to reconstruct its portfolio.“The business continues to develop in line with management expectations,” Jupiter said in the trading update. Share whatsapp whatsapp John Dunne Tags: NULLlast_img read more

Bethard relaunches Fastbet as part of B2B growth plans

first_img Bethard is to relaunch its B2C brand Fastbet as a ‘pay n play’ brand as part of efforts to expand its B2B division.The company, and its B2B subsidiary Together Gaming, will use Fastbet to showcase its capabilities to potential clients as it seeks new deals in Europe and North America.Fastbet will now employ Trustly’s Pay N Play technology, which removes traditional registration requirements allowing customers to gamble without going through a registration process to set up an account.Bethard CEO Erik Skarp said the company is eager to embrace new trends and technologies as it seeks to establish Together Gaming as a major supplier.“We can see that there is a strong development towards faster and easier gaming products” Skarp said. “Fastbet is our test case to ensure that we offer our increasing B2B customers the latest in gaming trends.”Bethard has around a dozen B2B partners through its Maltese licence, including Betive, LetsBet and SverigeCasino.Fastbet customers in Sweden were told the site was closing in late September, and that they would be migrated to Bethard. Fastbet offers sports betting, casino and live casino games.Bethard, which recently extended its long-term platform deal with SBTech and employs Swedish football legend Zlatan Ibrahimovic as a brand ambassador, has licences in the UK, Malta and Denmark and has applications pending in its home country Sweden as well as Germany and Ireland.In August, Bethard told iGamingBusiness.com that it is in talks with an unnamed US entity that could lead to Together Gaming securing a foothold in the market.“We are currently in discussions with an American player for a potential partnership for the US market where we would provide our platform and expand our B2B business, which today is operated under Together Gaming,” Skarp said at the time. Tags: Online Gambling 26th November 2018 | By contenteditor Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tech & innovation Topics: Tech & innovation No account brand will act as a test case for potential clients Regions: Europe Nordics Sweden Bethard relaunches Fastbet as part of B2B growth plans Email Addresslast_img read more

All-in to highlight diversity champions in new campaign

first_img Regions: Europe AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Strategy Email Address The All-in Diversity Project, the gambling industry-backed initiative to drive greater diversity, equality and inclusivity in the sector, has announced that it will launch a major new campaign later this month. Tags: Online Gambling 6th January 2020 | By contenteditor Strategy The All-in Diversity Project, the gambling industry-backed initiative to drive greater diversity, equality and inclusivity in the sector, has announced that it will launch a major new campaign later this month.The #opendoors campaign, which will launch fully on January 27 ahead of ICE 2020, will highlight people who have opened career doors for others in the sector, with ‘champions’ thanked by those who benefited from their support.An ‘All-in’ badge will be available for ICE 2020 attendees to show their support for the initiative, while industry stakeholders have been invited to engage in the campaign by using the #opendoors hashtag.The All-in Diversity Project creates and provides knowledge bases, workplace tool-kits, training plans, learning exchanges and interactive events.“The idea behind #opendoors is simple,” says Kelly Kehn, the Project’s co-founder (pictured left). “If we really want to progress and be a more diverse and inclusive industry, we need to recognise that we did not get to where we are in our career without the help of someone along the way.“By thanking someone who helped you, you are also pledging that you are willing to hold the door open for someone else who might need it. When we recognise that we didn’t get here alone, we are also recognising some people do not benefit from that support because of assumptions, bias, etc and immediately become more conscious of our differences.”Last year, Women in Racing, an organisation committed to developing the profile of women in the sport of horse racing, signed up to the Project, joining the likes of Paddy Power Betfair, Caesars Entertainment, IGT and WMRecruit, which became the first independent recruitment agency to become a strategic partner of the not-for-profit initiative.Project co-founder Christina Thakor-Rankin (pictured right) added: “Aside of the opportunity to celebrate those who champion others, we’re hoping that the association of a visual tag linked to some of the most successful individuals and companies in the industry says it all – diversity works.”A dedicated Facebook group has been set up to help industry members to share their stories for the campaign. All-in to highlight diversity champions in new campaign Subscribe to the iGaming newsletterlast_img read more

SG poaches Aristocrat’s Schneider for product officer role

first_img Topics: Casino & games Lottery People Strategy Slots Tags: Online Gambling Slot Machines Scientific Games has announced the appointment of Aristocrat’s Rich Schneider as its new chief product officer, effective from mid-2021.In is new role, Schneider will oversee Scientific Games’ product strategy, define research and development roadmaps and further enhance the business’s market position.Schneider will join Scientific Games next year, having served as chief product officer at Aristocrat since July 2011.Prior to this, Schneider had a spell as chief operating officer at Walker Digital Table Systems and also served in a number of leadership roles at International Game Technology (IGT), including executive vice president, casino products.Read the full story on iGB North America. Subscribe to the iGaming newsletter 22nd April 2020 | By contenteditor SG poaches Aristocrat’s Schneider for product officer rolecenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Scientific Games has announced the appointment of Aristocrat’s Rich Schneider as its new chief product officer, effective from mid-2021. Email Addresslast_img read more

Belgium adds three sites to igaming blacklist

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Belgian’s Gambling Commission has added three new sites to its blacklist of unlicensed online gambling websites. Subscribe to the iGaming newsletter Regions: Europe Western Europe Belgium Tags: Online Gambling Slot Machines Belgian’s Gambling Commission has added three new sites to its blacklist of unlicensed online gambling websites.Asperino, WildBlaster and Madnix were the latest additions to the list of almost 200 sites, though their additions have not yet been published in the Beglian Official Gazette. Previous additions to the list include William Hill, Bet365, Betfair and 1xBet.The Commission reminded players that playing on any site that appears on the blacklist may be punished with a fine from €26 to €25,000, while operating an illegal gambling site carries a fine from €100 to €100,000.“It is prohibited for anyone to operate gambling without a license previously granted by the Gambling Commission,” the regulator said. “It is also prohibited for anyone to participate in illegal gambling, to facilitate it or to advertise it.”In related news, casinos and slot arcades in Belgium were permitted to reopen yesterday (1 July) after closures due to the novel coronavirus (Covid-19) outbreak, as announced by Prime Minister Sophie Wilmès last month.The Commission published a series of new measures for reopening, including requiring the cleaning and disinfecting of equipment, favouring contactless or electronic payments and “strongly recommending” mask usage. In addition, guests must be easily capable of maintaining a 1.5m distance from one another and venues may only be filled to 10% of their usual maximum occupancy.In April, the Belgian Gambling Commission named Magali Clavie as its new president with immediate effect, succeeding Etienne Marique in the position 2nd July 2020 | By Daniel O’Boyle Email Address Belgium adds three sites to igaming blacklist Topics: Casino & games Legal & compliance Slotslast_img read more

SPD raises questions over “suspicious” WestSpiel accounts

first_imgCasino & games Email Address Subscribe to the iGaming newsletter A special session of the parliament in the German state of Nordrhein-Westfalen will meet on Friday 10 July to address what the Social Democratic Party (SPD) called “suspicious balance sheet tricks” to facilitate the privatisation of Westdeutsche Spielbanken (WestSpiel).The party requested a special session of the Parliament’s Budget and Finance Committee that would allow it to ask a number of urgent questions to the state government.It claims that the ruling Christian Democratic Union and Free Democratic Party government want to privatise WestSpiel “at all costs”. The SPD claimed that research suggested that this extended to skewing the figures to make the business seem a more attractive investment.The privatisation of WestSpiel – currently owned by state bank NRW.Bank – has been in motion since 2018, with legislation facilitating this finally passing in June this year.“We therefore have a number of questions in which the state government urgently needs to clarify matters regarding WestSpiel,” the SPD said. “The special meeting of the Budget and Finance Committee provides an opportunity to do this.”While WestSpiel hasn’t announced its 2019 figures to the public in full, it said in its 2019 sustainability report that it made €136.8m in gross gaming revenue in 2019, up 27.0% year-on-year. WestSpiel paid €65.8m in taxes for the year, up 30.6%.WestSpiel currently operates six casinos, including four in Nordrhein-Westfalen, in Aachen, Bad Oeynhausen and Dortmund, with the final venue, Casino Duisburg, operating via a subsidiary. It also operates two casinos in the Free Hanseatic City of Bremen. Two additional venues may be constructed by the business’ private owner under the legislation passed in June. 7th July 2020 | By Daniel O’Boyle A special session of the parliament in the German state of Nordrhein-Westfalen will meet on Friday 10 July to address what the Social Democratic Party (SPD) called “suspicious balance sheet tricks” to facilitate the privatisation of Westdeutsche Spielbanken (WestSpiel).center_img Topics: Casino & games Finance Regions: Europe Central and Eastern Europe Germany AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter SPD raises questions over “suspicious” WestSpiel accountslast_img read more

NJ smashes sports betting and igaming revenue records in January

first_img Tags: Revenue January AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Figures published by the New Jersey Division of Gaming Enforcement (NJDGE) show that total gaming revenue for the month stood at $346.4m (£249.0m/€287.1m), which was 15.3% more than January last year and also 10.7% higher than December 2020. Players wagered $948.7m on sports in January, down from the record $996.3m spent in December last year, with $886.7m bet online and $72.1m in person at retail sportsbooks. New Jersey set a new sports betting revenue record in January, while the state also became the first in the US to see monthly online casino revenue surpass $100m. Finance Sports betting revenue reached a record high of $82.6m, which was 54.3% up from $53.6m in January of last year, and also 24.4% higher than the previous record of $66.4m set in December 2020. Subscribe to the iGaming newsletter FanDuel and PointsBet at Meadowlands retained top spot in the state’s sports betting market, posting $46.8m in revenue for the month, up 76.6% year-on-year. NJ smashes sports betting and igaming revenue records in January 18th February 2021 | By Robert Fletcher Regions: New Jersey Read the full story on iGB North America. Topics: Finance Sports betting Land-based casino Online casino Online sports betting Retail sports betting Email Addresslast_img read more

Understanding where esports betting is going in the US

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Esports We’ve already seen numerous firms sponsoring esports teams and tournaments to bolster their esports credentials. Keep in mind that key stakeholders in the esports industry will be watching closely, as any match-fixing scandals tied to betting could torpedo the industry, but initiatives to ensure integrity are helping (the Esports Integrity Commission will oversee the aforementioned sportsbook, for example). Topics: Esports esports betting Do you think esports betting will be more relevant in the US due to more state legislation or due to a greater number of people becoming fans of the esports? Is it the right time for betting operators to engage in US esports betting if they haven’t already? At the same time, the esports audience is absolutely growing. Interpret data shows that in 2020, the esports viewing audience in the US grew from 12% of the population at the start of the year to 19% by the end – meaning nearly one in five Americans now watches esports. As this audience grows, gambling increases are likely to follow. In Canada, Luckbox has hired a head of content to capitalise on the streaming opportunities in the space. Pinnacle is running its own CS:GO tournament, which is effectively more content creation. The pandemic has bled revenues from both the gambling and esports industries over the last year. Still, by banding together, they’re creating a synergistic relationship that should elevate both businesses over the long term. Betting operators should recognise that they have a genuine opportunity to expand their business beyond traditional sports. Esports fans are every bit as passionate as their regular sports counterparts and represent a highly appealing demographic for influential brands. This is why we’re now seeing betting firms getting into the content creation side of the business as well. Betway created its content creation team in Brazil.  Understanding where esports betting is going in the UScenter_img Tags: betting Esports USA James Brightman, senior strategist at Interpret, provides a perspective on the company’s latest esports research and his take on esports betting in the US. I think you partially answered your own question. Thus far, we’ve seen esports betting legalised in Nevada, Colorado, New Jersey, Tennessee, Washington, Virginia and West Virginia. As more lawmakers in various states introduce legislation to allow for esports betting, we’re likely to see further betting services pop up to capitalise on this opportunity. It’s somewhat analogous to states where marijuana has been legalised – Colorado and states that permit those sales have seen a rise in cannabis-based businesses.  The short answer? Yes. The intersection of gambling and esports is still quite nascent. We only just saw the first-ever dedicated sportsbook for esports launch, initiated by Las Vegas gambling firm GameCo in partnership with US Bookmaking and Sky Ute Casino Resort. There’s still time for betting operators to get involved and plant their flag, so to speak. Getting into esports now will allow operators to benefit as the viewership numbers continue to rise, leading to more awareness for betting companies.  Subscribe to the iGaming newsletter What should betting operators take away from your company’s findings? Email Address 29th April 2021 | By contenteditorlast_img read more

IPL 2019: Sky Sports loses TV rights, Hotstar to stream 2019…

first_img Share on Facebook Tweet on Twitter Cricket Wimbledon 2021 LIVE streaming: When, where and how to watch year’s third Grand Slam’ in you country, India WI vs SA 2nd Test Day 3 Live: Start delayed due to wet outfield, SA lead by 149 runs – Follow Live Updates IPL 2019: Sky Sports loses TV rights, Hotstar to stream 2019 edition in UK by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyAdvertisement Avoid Grammatical Errors with This Helpful Browser ExtensionGrammarlyUndo24/7 SportsIt’s Amazing To See How These NBA Stars Have Changed Since College24/7 SportsUndoE! OnlineCNN’s Christiane Amanpour Undergoes Surgery After Cancer DiagnosisE! OnlineUndoSky Sports last year had inked a multi-year syndication deal with Star Sports to broadcast the IPL in the USA.With leading English players like Ben Stokes joining the action, IPL invokes considerable interest in the UK. However, the Sky Sports subscribers have reportedly been informed that the competition would not be on Sky Sports this year – just 12 months after signing the agreement.Sky Sports has stated in a release that, “It has been confirmed that Star India will exploit the rights themselves this year so Sky will not be covering the IPL cricket in 2019.”Star UK has reportedly decided to showcase IPL 2019 in the United Kingdom exclusively on Star Gold UK and streaming platform Hotstar.  and that would require fans of the Indian’s elite cricket competition to shell out £11.99 a month for a subscription.In a tweet, Star TV UK said: “It’s official! Now you can watch VIVO IPL 2019 live on Star Gold (Sky 729 & Virgin Media 801).”The 2019 season for the tournament, which was won last year by the Chennai Super Kings, is set to begin on March 23.Also Read: IPL 2019: Royal Challengers Bangalore’s schedule, squad, tickets, coach – All you need to…IPL 2019 LIVE: Chennai are Super Kings even in practice gameIPL 2019 : Rajasthan Royals launches academy in UKIPL 2019: Kolkata Knight Riders’ schedule, squad, tickets, coach – All you need to…BCCI decline permission for political ads during IPL 2019IPL 2019: The full and final schedule TAGSIndian Premier LeagueIPLIPL 2019IPL 2019 Broadcasting rightsIPL 2019 LiveIPL 2019 ScheduleIPL Live UKsky sports SHARE Indian Premier League broadcaster in the UK, Sky Sports has lost the right to broadcast IPL 2019. The eight-team, cricket world’s richest tournament is scheduled to start on Saturday, March 23.Sky Sports has confirmed that it will not broadcast the IPL 2019. This means cricket fans in UK will get no IPL live action on television. Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country RELATED ARTICLESMORE FROM AUTHOR YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoHollywood TaleHow Victoria Principal Looks At 71 Is HeartbreakingHollywood Tale|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndo Cricket CricketLatest Sports NewsSports BusinessNewsSport Football Tokyo Olympics: Deepika Kumari to be sole entry to Tokyo Games as Indian women’s recurve team fails to qualify Football Cricket Cricket By Kunal Dhyani – March 20, 2019 BCCI to form committee to take call on compensating domestic cricketers Euro 2020, Italy vs Wales LIVE: Gareth Bale and Co face do-or-die clash; Italy eye third consecutive win; Follow Live Updates, F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd Formula 1 WTC Final Day 3 LIVE Score: Latham, Conway resumes NZ innings after Tea break; NZ 36/0 (21 ovs)- Follow Live Updates Previous articleIPL 2019: Hotstar cashes in on opportunity to launch new subscription packNext articleIPL 2019: Chennai Super Kings launch licensed merchandise Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket Facebook Twitter WTC Final 2021: India vs New Zealand Full Squad, Schedule, Live Streaming, Date, Time, Venue all you need to know World Test Championship final Football Euro 2020, Switzerland vs Turkey LIVE: Switzerland to punish hapless Turkey; Follow Live Updates Latest Sports News last_img read more