AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Some commentators suggest blockbuster transactions have had their day but RB Capital’s Ben Robinson sees more big-ticket M&A ahead M&A watch: The end of the mega deal? Subscribe to the iGaming newsletter Tags: Online Gambling 30th October 2018 | By Stephen Carter Finance Some commentators may suggest blockbuster transactions have had their day but RB Capital’s Ben Robinson sees many reasons to look forward to more large scale M&A actionIn the post-dotcom era, a handful of technology companies (such as the likes of Alphabet and Amazon) have risen to the mythical status of unicorn ($1bn+ valuation), or even super unicorn ($100bn+).The huge publicity swirling around these companies makes it tempting to see the rise of unicorns as a growing trend. However it is also important to bear in mind that, as the fairytale-inspired name first coined by the venture capitalist Aileen Lee suggests, they are still exceedingly rare, with only 0.07% of startups ever reaching such status.This is especially true in the gaming industry. Only a handful of companies in this market have ever been able to claim multi-billion-dollar valuations. And In almost all cases, they are publicly listed operators that have only broken the billion-dollar benchmark through one or more significant key acquisitions:Billion-plus gaming Unicorns (market caps) Stars Group CA$8.7bn (£5.2bn) GVC £5.34bn Paddy/Betfair £5.32bn IGT $4.3bn SG Digital $2.3bn William Hill £2.16bn Kindred (23.3bn SEK) £2bn Playtech €1.55bnConsolidation among the big players in the sector has accelerated in recent years, with mega deals materialising principally for the following reasons:(i) an emphasis on squeezing out the competition (ii) expansion into new territories via large scale mergers (iii) landgrabs in regulated markets (iv) forward-thinking regulatory opportunities in emerging (and soon to be regulated) marketsThese drivers have seen Paddy-Power Betfair, GVC, and the Stars Group all successfully execute multi-billion-dollar deals to consolidate dominant market positions and play on a more global scale, particularly with the sportsbook-led opening of the US.European markets, according to Thompson Reuters Intelligence research, have seen a resurgence in cross-sector mega deals, with the value of M&A activity doubling year-on-year in the year to date. The number of transactions has however fallen by 18% to 6,201, the lowest level since 2005.So, outside of gaming, fewer companies have been buying, but with deeper pockets.The same can’t be said for gaming. RB Capital’s M&A Monitor data has highlighted a fluctuation in €500m-plus mega deals (see table), with €32.6bn spent in the last four years, a flurry of five huge acquisitions materialising every 24 months, and a minor downward trend in deal-size from 2015 to the present day.$500m+ mega deals since 2015 (Source: RB Capital) Both 2016 and 2018 have seen the largest splurges with €20.5bn spent on deals two years ago, including the two mammoth mergers of Ladbrokes-Coral and Paddy Power-Betfair, while 2018 so far (total spend of €10.6bn) has had a distinctly new market feel about it. This year has seen Paddy Power again active in acquiring US fantasy sports brand FanDuel, the Stars Group splashing out €4bn to purchase Skybet and GVC coming back for more following its 2017 Bwin completion by acquiring the less than two-year-old merged Ladbrokes Coral business.Some have suggested blockbuster transactions have had their day with the most significant deals already done, and those businesses now predicted to pursue more organic growth strategies. But there are many reasons why we can look forward to more M&A action. Just the beginning The number of mega transactions may have fluctuated in recent times but there is still huge value to be driven across an array of growing assets.Around five years ago, most deals in the UK and Europe were driven by a mission to boost or establish scale or rapidly gain first mover market share in regulated or soon-to-be regulated markets. However, most 2018 deals have been driven by the promise, and now growing reality, of US state-by-state regulation.Although it is early days for other states to jump on the bandwagon, investor appetite from US operators and European suppliers has been intense. And with ‘real’ revenues now coming through Nevada ($247m in wagers), New Jersey ($100m) and even Delaware turning a tidy £17m in bets in August, this is only set to continue.We are also, remember, still in what is traditionally deemed the ‘quiet period’ ahead of the busiest months for sportsbooks of October and November, when all four major US sports’ biggest events coincide.Crucially, there has been a shift in the structure of recent transactions and we have seen a spike in interest from private equity and venture capital firms as several states open for business and others look to follow suit.Sportradar and Genius Sports have both been the focus of VC/PE investment that aims to capitalise on US market expansion. Interestingly both offer data services, which savvy investment firms know will always be in demand and thus offer stable and consistent annuity revenue unaffected by high customer acquisition costs, taxes and/or levies. They will also be invaluable when aiming to engage and retain existing players and acquire and attract a new, younger mobile-first audience.These are far from small deals. The Canada Pension Plan Investment Board has teamed up with growth equity firm TCV to part with more than $700m in exchange for a 39% stake in Sportradar.Renowned PE investor Apax Partners, that has previous gaming experience investing in, and since exiting, Candy Crush developer King, went one step further by swallowing up sports data and media rights distributor Genius Sports Group with the capital injection allowing it to pursue its international expansion strategy, largely in the US.We expect these types of structured deals to continue, especially around data-driven software suppliers and fast-growing platform providers, with exit valuations that will tempt even the most risk averse PE/VC firm given their medium/long- term outlook.The potential of a larger-scale re-regulated US gaming and betting market is finally turning heads.As much attention has been focused on cross-Atlantic activity in recent months, we should also have a last word on European M&A. It is worth remembering that the ever-changing nature of markets here, alongside several other factors, is likely to encourage further M&A and potentially far more mega deals than in the US.The first driver lies in the regulatory pressures in dot.country markets and continued regulation throughout Europe. This is taking place in both regulated markets (such as the overly saturated and increasingly volatile UK), maturing regulated markets such as Italy and Spain and recently regulated or regulating markets in regions such as Eastern Europe.Next year will see the UK and various licensed jurisdictions such as Gibraltar, Alderney and the Isle of Man come to grips with an unclear and worryingly uncertain future outside the European Union.Also several operators managing increasingly severe financial regulatory fines for repeated marketing abuses which may drive them to sell or divest certain assets. Huge competition will almost certainly push an increasing number of smaller brands and suppliers to speed dial the right sell-side brokerage.Other markets such as Italy (with reputable brands still working out how to market products under a draconian advertising ban) and Spain that has proven hard to operate in but is showing glimmers of promise, will see M&A as a medium-term option to either get out for good or remain and claim more market share.But large-scale action won’t be happening any time soon, not until the respective legislations reach agreeable middle-ground.And lastly, newly regulated and regulating markets including the likes of Romania, Czechia, Bulgaria, Poland and others.Expect a return to the good old landgrab days with larger, experienced mega-deal brands such as GVC already making moves into places such as Georgia with an eye to the future and educated, mobile and tech savvy audiences.Others are sure to follow but now that some of the major mega deals have been done, gaming companies will find it increasingly harder to compete and are even less likely to become Unicorns.In summary, over the next 18-24 months expect ever more creative acquisitions Stateside as buyer risk starts to fall in the face of medium-term gains.On this side of the pond we anticipate a flurry of short-term UK-based activity with players exiting whilst they’re (pre-Brexit) ahead.Medium-term M&A is expected to be strong for central and southern Europe. And the Nordics will (as always) be at the mercy of longer-term pension fund trackers. The M&A market will remain flush with activity for a good time to come. So watch this space.Ben Robinson is co-founder of boutique advisory firm RB Capital, focused on the igaming, fintech and media sectors; working with start-ups and scale-ups looking to raise capital, but also established businesses looking to take their business to the next level or initiate a liquidity event. Related articles: M&A watch: Regulated vs. grey Email Address
Category: chgxkidyfzrbeimj Betfair named official partner of LatAm football body
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Marketing & affiliates Subscribe to the iGaming newsletter Betfair has become an official partner of South America’s highest-profile club football competitions through a deal with the South American Football Confederation (CONMEBOL).The Flutter Entertainment-owned betting exchange business joins blue chip brands such as Bridgestone, Mastercard and Qatar Airways as partners of CONMEBOL club competitions including the CONMEBOL Libertadores and CONMEBOL Sudamericana.The deal, which runs until the end of 2022, will raise Betfair’s exposure across South America through stadia branding, broadcast and digital assets.“We are delighted to be the official betting partner of the CONMEBOL Libertadores and CONMEBOL Sudamericana,” said Stephen Mault, Betfair brand director.“These two prestigious tournaments have provided so many memorable moments in world football throughout the ages and we are very proud to be supporting the action for the next three years. We look forward to seeing how the rest of this year’s tournaments unfold.”Flutter Entertainment – formerly Paddy Power Betfair – said in its annual report last year that Betfair has an estimated two-per-cent share of the Brazilian market. It described Brazil as its most significant “grey” market globally.“We are pleased to present Betfair as a partner of the CONMEBOL Libertadores and CONMEBOL Sudamericana. With this important partnership, we add another global brand to the international status of South American football,” said Juan Emilio Roa, commercial director of CONMEBOL.Betfair’s formal link up with South American football’s governing body comes in the same month that the Brazilian government launched a month-long public consultation on sports betting regulation as it works to develop a legal framework for the vertical.The consultation, which runs to 31 August, seeks input from the public and industry stakeholders on the most appropriate model for sports betting in Brazil. It is being conducted by the Secretariat of Evaluation, Planning, Energy and Lottery (SECAP), a division within the Ministry’s Special Secretariat of Finance.It is designed to complement work already underway to develop sports betting regulations, after outgoing President Michel Temer signed into law Provisional Measure 846/18, a bill that gave lawmakers until 2020 to come up with regulations. There is the option to extend the deadline by a further two years if progress is not made by then.Image: Jimmy Baikovicius Betfair named official partner of LatAm football body Betfair has become an official partner of South America’s highest-profile club football competitions through a deal with the South American Football Confederation (CONMEBOL). Marketing & affiliates 23rd August 2019 | By contenteditor Regions: LATAM Email Address
Category: chgxkidyfzrbeimj Apopka remembers 9/11
The Anatomy of Fear Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 LEAVE A REPLY Cancel reply Support conservation and fish with NEW Florida specialty license plate Lamphere, City of Apopka completes memorial projectOn September 11th, 2001, two commercial airliners departed Logan International Airport in Boston bound for Los Angeles. On board each plane were five hijackers from the terrorist group al-Qaeda. The terrorists diverted the planes to New York City and slammed them into the North and South towers of the World Trade Center.Police officers, firefighters, and first responders ran into the fire and smoke and rubble that the twin towers had become in an attempt to save those left trapped and injured in the buildings.They ran into the fire, and smoke and rubble…“It was a day of unspeakable tragedy,” said Apopka Fire Chief Chuck Carnesale reflecting on the events of 9/11. “A day we can never forget. But it was also a day of hope and heroism. The sacrifice of those firefighters and first responders inspired the country, and revealed the true character of America.”The attacks killed 2,996 people and injured over 6,000 others. It was the worst attack on US soil since Pearl Harbor, and the deadliest incident for firefighters and law enforcement officers in the history of the United States. 343 firefighters and 72 police officers lost their lives on 9/11.Most of us remember where we were during those attacks. President George W. Bush was in a classroom in Sarasota, FL before being taken to Air Force One. Diane Velazquez and her husband Ed were NYPD Detectives on 9/11, and in New York City.“It changed my life and it changed my husband’s life,” said Velazquez, an Apopka City Commissioner. “We can never forget the events that happened on September 11th.”Christian Lamphere was not born yet.Apopka was not directly impacted on 9/11… actually a better description would be Apopka, like every metropolis, city, township and hamlet in the United States, was directly impacted by 9/11.And today, 15 years after that tragedy, Apopka remembers…The City of Apopka recognized the 15th anniversary of 9/11 this morning with the unveiling of a special memorial which was the idea and Eagle Scout project of local Boy Scout Christian Lamphere. Mayor Joe Kilsheimer, Police Chief Michael McKinley and Velazquez were all inspired by his actions, and praised his project as something the Apopka community rallied together to make happen by the 9/11 ceremony.“The City of Apopka is so proud that Christian selected this memorial to earn his Eagle Scout rank,” said Kilsheimer. “The project has brought our community together for a very special remembrance of September 11th and galvanized a patriotic spirit in everyone involved.”“To see how bright our future is, you just need to see how this community came together to make a boy scout’s dream come true,” said McKinley. “And we have to remain a community and country united. It should not take a horrific event like 9/11 for us to remain a country united. A country united can overcome anything.”“When confronted with obstacles, he found a way around them,” Velazquez said of Lamphere. “He challenged all of us. He challenged me. His persistence has given us strength.”The memorial features a 10-foot exterior building panel from the World Trade Center as well as two pieces of Pennsylvania granite. The memorial, which sits on a pentagon-shaped foundation, includes fountains, flower beds and brick pillars with plaques dedicated to first responders and the City of Apopka.McKinley hopes the sentiment for 9/11 first responders who lost their lives can keep today’s law enforcement officers, firefighters and EMT’s in the community’s thoughts and prayers as well.“We must reflect on the lives lost on September 11th when the towers came crashing down,” he said. “We must also reflect on the job that first responders do every day. They leave their families and provide assistance to complete strangers. They don’t do it for recognition. They don’t do it for the pay. They do it to keep our communities safe. They are fathers, mothers, sisters, brothers, sons and daughters. They are us.” Save my name, email, and website in this browser for the next time I comment. Please enter your name here Share on Facebook Tweet on Twitter TAGS9/11 Memorial911Christian LamphereCity of Apopka Previous articleSolar tax cut to be enshrined in Florida’s constitutionNext articleWhere were you on 9/11? Denise Connell RELATED ARTICLESMORE FROM AUTHOR You have entered an incorrect email address! Please enter your email address here Please enter your comment!
Category: chgxkidyfzrbeimj 12th Street House / Studio 804
CopyAbout this officeStudio 804OfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesLawrenceOn FacebookUnited StatesPublished on November 26, 2019Cite: “12th Street House / Studio 804” 26 Nov 2019. ArchDaily. Accessed 10 Jun 2021.
Category: chgxkidyfzrbeimj Les Hallates Senior Housing / Agapé
Les Hallates Senior Housing / AgapéSave this projectSaveLes Hallates Senior Housing / Agapé Lead Architects: “COPY” Year: CopyAbout this officeAgapéOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsUrbanismUrban PlanningMaster PlanHealthcare ArchitectureHealthcareretirementResidential ArchitectureLe HavreOn FacebookFrancePublished on October 29, 2020Cite: “Les Hallates Senior Housing / Agapé” 29 Oct 2020. ArchDaily. Accessed 10 Jun 2021.
Category: chgxkidyfzrbeimj Institute launches corporate membership
25 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Institute of Fundraising has introduced a new corporate membership package.This will allow companies to demonstrate their commitment to the sector by working with the Institute and signing up to its Code of Conduct. Director of membership at the Institute Laura Webb said it was ideal for companies who are keen to show they are signed up to best practice.Benefits include an IoF corporate membership logo to be used on printed materials and websites; discounts on advertising in the IoF members’ handbook, discounted tables at the National Awards Dinner and invitations to launch products through the Institute’s Innovation Zone. Advertisement Institute launches corporate membership AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 15 November 2007 | News Tagged with: corporate About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
Category: chgxkidyfzrbeimj Actions of solidarity with Greece’s workers
In response to a call for global actions in solidarity with the besieged people of Greece, protests have been held in a number of cities in the U.S.Workers World contributing editor and Moratorium NOW! Coalition leader Abayomi Azikiwe was one of the protesters who gathered outside JPMorgan Chase bank in downtown Detroit on July 15 for a busy lunchtime street speakout and show of solidarity.City of Detroit retirees whose pensions have been slashed spoke about the austerity they have gone through and why many of the same banks that destroyed Detroit are now going after Greece. Speaker after speaker appealed to the many young workers on the street to learn about what has happened in Detroit, is now occurring in Greece and is soon to hit the U.S. colony of Puerto Rico.All the speakers and demonstrators educated the sidewalk audience about the onerous nature of usurious bank indebtedness and why worldwide solidarity is needed to beat back austerity and stop the insatiable greed of finance capital.Oakland, Calif.Also on July 15, a small, but enthusiastic crowd gathered at Oscar Grant Plaza in downtown Oakland, Calif., to express their solidarity, including a few Greek nationals. Signs included “Austerity for bankers, not Greek workers” and “Bankers: hands off Greece. Cancel the debt.” Flyers explaining how only mass resistance can stop the bankers’ rule were distributed to pedestrians as they were heading home from work. The rally was called by Workers World Party and endorsed by Marcha Patriótica Colombia, the Bay Area Latin America Solidarity Coalition and the International Action Center.Buffalo, N.Y.Activists in Buffalo, N.Y., held a rush-hour rally on Main Street in front of the Bank of America headquarters on this day of international solidarity. Speakers raised demands for us all to join in saying “No to austerity,” “No to pension cuts,” “No to privatization,” “Cancel the illegal debt” and “Make the banks pay” — while downtown workers and transit travelers stopped to listen and applaud.Actions were also held in Baltimore, Los Angeles and Philadelphia on July 15, and in Chicago on July 14.Ellie Dorritie, Kris Hamel and Terri Kay contributed to this article.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this Detroit New York
Category: chgxkidyfzrbeimj Community radio stations face crackdown for “inciting crime”
February 14, 2020 Find out more After the purge of the state media in the wake of President Fernando Lugo’s removal from office by parliament in June last year, community radio stations could soon be the next target of the new government.The Paraguay Broadcasters Union (URP) was one of the first professional bodies to ally itself with the government of Federico Franco as soon as the former president was removed. At a meeting yesterday with the state attorney-general, Javier Díaz Veron, the leader of the URP, Javier Correa, called for action against “more than 1,200 pirate radios operating in the country” which he accused of “inciting crime” on many occasions. He also asked the telecoms watchdog CONATEL to withdraw the licences of all stations implicated in what he termed illegal acts, without specifying what they were.Correa said he had received a favourable reply from the authorities, while CONATEL had already pledged on 8 July to dismantle about 200 community radio stations operating without permission. “No-one should be fooled by the legal and administrative veneer claimed by the body that represents the country’s main private and commercial radio and television organizations, almost all of which campaigned for the parliamentary coup against Fernando Lugo,” Reporters Without Borders said.“Such lobbying directly serves the interests of a disputed government. Community radio stations were born out of protest movements and most support the popular protests that began with the president’s removal from office. Do they believe that the protests will subside if the radio stations are shut down? What would then remain of the principles of free expression and media pluralism? By giving in to this kind of economic and political pressure, the government will be making a final break with constitutional principles and the American Convention on Human Rights. “Only a telecommunications law that allows space for all types of broadcasting – state-run, private and community – and guarantees their independence will provide a way out of the current stalemate. It is particularly unacceptable that a spokesman for the main radio and television broadcasters should call for censorship of other media organizations.” Concern about the fate of community radio stations, which began with Lugo’s removal, grew on 31 July when three CONATEL officials tried to carry out an inspection at the premises of Radio Candela in the southern city of Encarnacion.The station, which is owned by the feminist organization Kuña Róga (House of Women), has been broadcasting for 10 years with support from an organization set up by CONATEL. The officials told editorial staff the reason for the visit was an “irregularity”, but left after they were unable to produce the necessary paperwork and in the absence of a legal representative of the station. A few days earlier, the station had reported on a protest demonstration against the Franco government. ParaguayAmericas Follow the news on Paraguay Reporter killed in ambush after police protection withdrawn News Latin America’s community radio – a key service but vulnerable Receive email alerts News August 14, 2012 – Updated on January 20, 2016 Community radio stations face crackdown for “inciting crime” RSF_en to go further Photo: Coco Arce, Ape Paraguay February 10, 2017 Find out more ParaguayAmericas Help by sharing this information Organisation Brazilian journalist murdered at home in Paraguay News News October 20, 2014 Find out more
Category: chgxkidyfzrbeimj Deutsche Welle freelancer faces up to 10 years in prison
May 11, 2021 Find out more Reporters Without Borders today condemned the government’s intention to try journalist Yuri Chernogayev, a Tashkent-based freelancer for the German public broadcaster Deutsche Welle. The prosecutor’s office told him on 18 May that he will soon be formally charged with a range of offences including threatening national security. He faces up to 10 years in prison.“This is a travesty of justice designed to silence those working for foreign news media,” the press freedom organisation said. “Less than two weeks after a meeting between European Union and Uzbek officials at which President Islam Karimov was asked to give evidence of his commitment to improve human rights, this development is a slap in the face for all press freedom activists.”An investigation was originally opened against Chernogayev in March for suspected “tax evasion.” Then he was suspected of helping Deutsche Welle correspondent, Natalya Bushuyeva, to flee the country. Now other charges are to be added – “defaming the president” (article 158 of the criminal code), “defaming the Republic of Uzbekistan (article 159) and “producing and disseminating material constituting a threat to national security and public order” (article 244-1). He must also pay an 800-dollar fine.“We urge the judicial authorities to be lenient and reasonable,” Reporters Without Borders said. “Chernogayev already has to pay a stiff fine. A prison sentence would be outrageous. The main accusation against him is having documents relating to an ‘Islam and Tolerance’ conference that were posted on the Deutsche Welle website.”According to the governmental Media Surveillance Centre, it was this document that posed a threat to national security. The centre’s job is to ensure that radio and TV stations make proper use of the frequencies assigned to them. It is not supposed to take a position on media content.“Unfortunately, this is not the first time that the Media Surveillance Centre has overstepped its authority,” Reporters Without Borders added. “It issued a similar opinion on the content of journalist and human rights activist Umida Niyazova’s laptop computer, which included a report on the crackdown on the Andijan uprising.”The EU voted to adopt sanctions against Uzbekistan after the government’s crackdown on the uprising in the eastern city of Andijan on 13 May 2005 left a death toll estimated at about 800 by human rights groups (and 187 by the government). Since then, the sanctions have been reexamined every six months. They were eased slightly for the second time on 14 May as part of a dialogue on human rights. Organisation Receive email alerts News Follow the news on Uzbekistan UzbekistanEurope – Central Asia News to go further More than six years in prison for Uzbek blogger who covered corruption May 23, 2007 – Updated on January 20, 2016 Deutsche Welle freelancer faces up to 10 years in prison Help by sharing this information News October 15, 2020 Find out more UzbekistanEurope – Central Asia February 11, 2021 Find out more RSF_en Uzbek blogger facing possible 10-year jail term New press freedom predators elected to UN Human Rights Council News
Category: chgxkidyfzrbeimj Covestro Chooses LabTwin To Roll Out Hands-free Data Collection and Support Digitalization Strategy
WhatsApp Pinterest By Digital AIM Web Support – February 4, 2021 WhatsApp Pinterest Covestro and LabTwin to collaborate on the Lab of the Future TAGS Facebook Previous articleMen’s Wearhouse Unveils Next-Gen StoresNext articleTalking Medicines Launches AI-Powered Patient Intelligence Platform to Revolutionize Marketing for World’s Leading Drug Brands Digital AIM Web Support Facebook Twitter Covestro Chooses LabTwin To Roll Out Hands-free Data Collection and Support Digitalization Strategy Local NewsBusiness Twitter