Bahamas seeking to lure foreign investors

first_imgBahamas seeking to lure foreign investors The Bahamas government has defended legislation which it says is intended to attract businesses not yet operating in Grand Bahamas and create more opportunities for Grand Bahamians.Minister of State in the Office of the Prime Minister, Grand Bahama, Kwasi Thompson, said the Commercial Enterprise and the Grand Bahama (Port Area) Extension of Tax Exemptions Bills are needed to strengthen the economy of Grand Bahama.Exactly what Grand Bahamas needs “The Commercial Enterprise Bill is exactly what Grand Bahama needs to boost our economy and create more opportunities for Grand Bahamians,” he said, adding it is designed to attract businesses not already operating here including those in international trade, captive insurance, technology and data warehousing.Tourism isn’t enoughHe said tourism alone is not enough and that the commercial environment must be made more attractive for these types of businesses to come to Grand Bahama.“We in Grand Bahama have been talking about being the leader in technology, arbitration, maritime trade, and captive insurance, and this Bill, for the first time provides an attractive package for businesses that are not here to come and provide opportunities for Bahamians.”Thompson said that the government intends to make Grand Bahama a technology hub, and the legislation, which was recommended at the recent Technology Summit, makes it easier for technology businesses to come and do business and bring their specially-skilled persons who can train Bahamians.last_img read more

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HBCUs To Showcase African-American Fine Art At Miami Art Week

first_imgMIAMI, Florida – As South Florida’s art connoisseurs gear up for an exciting Miami Art Week / Art Basel from December 5 to 8, Hampton Art Lovers (HAL) will introduce their Point Comfort Art Fair + Show in historic Overtown at the Historic Ward Rooming House located at 249 NW 9th Street, Miami FL 33136.The Point Comfort Art Show provides a platform for Historically Black Colleges and Universities (HBCU) museums to showcase their collection of the African American masters of American fine art at the largest art exposition in North America.The Art Fair showcases modern masters of black art and emerging contemporary artists that speak to the future of black art.This year HAL will feature selections from the (HBCU) Spelman College Museum of Fine Art. The jointly curated exhibition will feature “Home: The Beverly Buchanan Collection” and “Barrington Watson: The Spelman Years.” The art show is sponsored by the Southeast Overtown Park West Community Redevelopment Agency.Point Comfort Art Fair + Show is an art exhibition inside the gallery and an art fair behind the gallery in a fully enclosed, climate-controlled tent.The name “Point Comfort” is derived from the place in colonial Virginia where captives from the West African Kingdom of Ndongo (Angola) arrived in 1619. This marked the inception of American slavery and what we call the beginning of African American Art.The people of Ndongo and other African tribes were stripped of their native tongues, and many of their traditions here in America, and through tremendous adversity, remnants of these lost traditions continue to express themselves in the song, dance, art and crafts of today’s African American community.Point Comfort celebrates those remnants.“Miami Art Week / Art Basel is the premier cultural expo of the Western hemisphere, and the visibility it provides for African America art is vast. Its a world exchange of art and ideas. Point Comfort Art Fair + Show in Overtown presents a seat at this table, showcasing African-Americas art for all people to admire and acquire. We set the foundation with a collection from the Spelman College Museum of Fine Art for show, providing an HBCU Art Museum a platform to showcase surrounded by works for sale by established contemporary artists.” said Christopher Norwood, co-founder of Hampton Art Lovers.last_img read more

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Playtech completes CFH Group acquisition

first_img Related Articles Share Submit StumbleUpon Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020 Share Playtech goes live in the US with bet365 August 7, 2020 Updating the market, leading industry platform and technology provider Playtech Plc has confirmed that it has completed its acquisition of Consolidated Financial Holdings A/S (CFH Group).Playtech governance had first announced its approach for CFH Group this November, with the company prepared to pay $120 million (£95 million) for the financial trading systems developer.Confirming its deal through a regulatory filing with the London Stock Exchange (LSE), Playtech will secure a 70% stake in the enterprise. Playtech further detailed that it expects to fully complete the remainder of its CFH Group acquisition by 2019.The deal sees the FTSE-listed industry technology and platform developer continue to expand its presence within the financial technology sector, a long-term project of Playtech governance.CFH Group technology products include ‘CFH Clearing’ and ‘CFH Systems’, which will be integrated within Playtech’s existing financial trading portfolio as the company seeks to both its B2B and B2C customer services. Retail closures have ‘severe’ impact on Playtech August 5, 2020last_img read more

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Lotto NZ extends remote systems provisions with IGT

first_img TAB NZ announces new executive team to lead new racing era August 27, 2020 Submit Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020 Related Articles Share StumbleUpon New York-listed gambling and lottery systems provider IGT Plc, has announced that it has strengthened its existing partnership with the New Zealand Lotteries Commission (Lotto NZ) by securing an agreement to provide a ‘remote gaming server’ (RGS) extension and instant win content.IGT continues to be the lead gaming systems supplier for the Lotto NZ brand, a partnership which has been active since 1987, through its legacy subsidiary GTECH. IGT detailed that it had won the contract extension following a ‘competitive procurement’.“IGT and Lotto NZ have worked together successfully for approximately 30 years, and this agreement demonstrates the customer’s continued trust in our ability to deliver industry-leading solutions and content that will responsibly increase lottery sales and continue generating funds for good causes,” said Declan Harkin, IGT Senior Vice President and Chief Operating Officer, International.RGS systems and instant win content will be added to Lotto NZ current client provisions, which includes a full-suite of lottery services, including ticket scanning, software, central systems and terminal maintenance.The Lotto NZ services extension sees IGT continue its commercial momentum having secured new systems upgrades with European operators Svenska Spel and Synot Group in Q1 2017.IGT’s lottery commercial pipeline has further been strengthened by the firm announcing three new lottery client wins in Canada, Switzerland and Colombia. Soft2Bet continues new market drive with Irokobet launch August 26, 2020 Sharelast_img read more

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Rank Group digital revenue climb offsets stagnant venue performance

first_img John O’Reilly – Erratic orders have placed UK casinos on life support August 4, 2020 Share Submit Government denies casinos a July reopening July 10, 2020 StumbleUpon Share Rank Group extends support for Carers Trust July 28, 2020 Related Articles London LSE-listed gambling operator Rank Group Plc has this morning issued a short trading statement informing investors of its corporate performance for the 46-week period to 14 May.Issuing its statement, Rank governance informs that group combined revenues remain flat gaining a 1% year-on-year increase.On a channel basis, digital revenues grew by 13%, however group revenue performance has been stalled by its ‘venue’ performance which saw Grosvenor Casinos’ properties like-for-like revenue declined 1%, impacted by a lower gaming margin.Furthermore, Mecca Bingo venues performance like-for-like revenue was down 2%, with lower customer visits partially offset by an increased spend per visit.Rank governance issued no comment on the trading update. The company will publish its preliminary results on 17 August.Reacting to the corporate update, Victoria Pease, Analyst at Edison Investment Research, issued the following note on Rank Group performance “Earlier platform issues have been resolved and we expect digital revenue growth to accelerate, with the H118 introduction of a single wallet fuelling market share gains. The core business is highly cash generative, enabling progressive dividends, as well as potential M&A. Despite this, the stock trades at a calendar 2017e 6.5x EV/EBITDA, a 30% discount to peers. Our estimates are unchanged.”last_img read more

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Bookies launch 2018 World Cup masterplans

first_imgShare Related Articles Duma approves overhaul of Russian sports betting laws  July 23, 2020 Matthew GlazierMatthew Glazier of bookies.com looks ahead to next summer’s World Cup extravaganza in Russia, which promises to be typically record-breaking.Aside from an Under-21 European Championship and the glorified group of friendly matches that comprised the Confederations Cup, there wasn’t a lot of football played during the summer of 2017, although at least the latter tournament whetted the appetite for an event twelve months further down the line.While many don’t approve of the way Russia effectively bought the hosting rights for the quadrennial international football tournament, nor its flimsy approach to stamping out racism, it won’t stop football fans all over the world enjoying the latest FIFA World Cup and the various betting opportunities that are presented to them.Football is the most popular betting sport in the majority of countries and the World Cup remains the pinnacle of that sport, with sixty-four matches being played between 14 June – 15 July and there will be action taking place on most of those days.During the group stage of the competition, we can expect three matches to occur daily. As one trader disclosed to bookies.com: “It’s like Sky Sports Super Sunday taking place every day for the best part of a month.”Indeed, punters will aim to soak up as much football as they can and the opportunity to place a pre-match or In-Play bet has never been more tangible. Bookmakers have the customers in the palm of their hand, but can they deliver the sort of World Cup betting service that keeps them coming back for more?Cash Out and Request a Bet enter World Cup pictureFour years is a mighty long time in the world of betting, especially with the sort of technological advances that are now occurring. Cash Out has become commonplace in the lexicon of modern day gambling, although it’s easy to forget this is a pretty new phenomenon unless customers were previously familiar with the workings of the Betfair exchange which relied on liquidity being available.Not content with introducing Cash Out as a product, bookmakers such as bet365 now have a Partial Cash Out facility and it gives customers the perception that they are taking control of their bets. It’s not difficult to see the appeal of Cash Out, especially when it comes to multiple bets where a profit can be realised before the bet is eventually settled.Requesting a bet is another empowering tool which plays to an audience now immersed in social media, especially Twitter whose real-time mechanism has led bookmakers and affiliates to side-line Facebook and focus on using a tool which appears as though it was designed for betting purposes.Bet requesting was discussed in depth at the recent #bofcon2017, with figureheads such as Eoin Ryan of BetVictor and Andrew Wright of Sky Bet considering how the process can be automated ahead of the World Cup. The latter operator has become the market leader with their RequestABet facility and this has obvious connotations for the World Cup.In the United Kingdom, there will be a heavy focus on the England football team, with operators looking to accommodate any number of special bets that apply to the Three Lions and there’s a fair chance that many of them will relate to losing in a penalty shoot-out. However, it’s the match markets where RequestABet really comes into its own.Watching an England World Cup match might ultimately prove to be underwhelming but the hype and feverish anticipation lends itself perfectly to requesting bets outside the usual markets, while games like these are often social occasions watched with groups of friends. The opportunity for an England fan to create their own bet is akin to allowing a child to make their own pizza.Let battle commence Imagine a group of friends who have been drinking all day and are now shouting over each other to be heard. You’ve just painted a picture of what operator competition will look like in the weeks building up to the 2018 World Cup.The operators who are already part of the UK and Irish landscape will have budgets across the marketing mix to ensure that their presence can be felt, while there’ll be a substantial squeeze from new bookmakers wanting to make a splash and gain a foothold into a mature market where online betting has become a mainstream activity.We should expect some fireworks as a result. For Euro 2016, BetVictor went with a “Golden Goal” promotion that promised to give away £1 million to any customer(s) who could predict the First Goalscorer and time of goal in the final. It was an imaginative effort although somewhat scuppered by Portuguese substitute Eder breaking the deadlock after the match had gone into extra-time.Sky Bet will have their usual array of game products such as Super 6 and Fantasy Football where big cash prizes can also be won, while we should expect bet365 to fire up their free In-Play bet facility for several of the big matches including the ones involving England.We’re a year away from the 2018 World Cup but the wheels are in motion when it comes to having a first-class betting product for next summer’s big tournament. It’s an opportunity for operators to not only accrue new customers but also showcase a range of innovative products for the biggest football stage of all. StumbleUpon Share Ilya Machavariani, Dentons – CIS regional dynamics will come to play prior to gambling take-off July 31, 2020 PokerStars moves to refresh global appeal with ‘I’M IN’ August 18, 2020 Submitlast_img read more

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Parma’s sentimental Serie A return saved despite sanctions

first_img Marek Suchar: “As esports betting grows, we will no longer speak about it as one sport” June 18, 2020 LiveScore adds new leagues to streaming offering August 12, 2020 LiveScore celebrates streaming service launch with Serie A partnership June 17, 2020 Share StumbleUpon Related Articles Submit Share After much speculation, Italian club Parma have been docked five points for next season, but will retain their status in Serie A for the coming campaign.The sanctions come after striker Emanuele Calaiò was found guilty of attempting to fix Parma’s final match of the Serie B season, against Spezia. Calaiò has subsequently been banned for two years and fined €20,000 (£17,800). The journeyman striker, who joined Parma from Spezia in 2016 was sent four suspicious whatsapp messages to his former Spezia team mates. Just four days prior to the match taking place, the 36 year old messaged Spezia defender Filippo De Col, stating: “Hey Pippein [De Col] you better not give me a hard time Friday my friend,” he then added: “Tell that too Claudiein [Terzi] too”, and “Especially with the relationship you have with me.”The 24 year old Spezia defender failed to respond to his former teammate, which prompted the following response from the Parma frontman: “However Pippein be calm I was joking anyways for me it’s the same after all I’ll retire in a bit.”Parma went onto defeat Spezia by two goal to nil, booking their place in the Italian top flight, after three successive promotions. Parma have maintained that they haven’t done anything wrong, emphasising that they plan to appeal against the decision. In a statement, the club commented:“We consider the condemnation of our employee Emanuele Calaiò to be abnormal in respect to the facts that led to his referral and the inquiry, and the very heavy penalty inflicted on our club for objective responsibility illogical and in contrast with recent sporting judgments.“We trust that the complete lack of connection of Parma to any unlawful behaviour will be recognised by the federal court of appeal, to which we will resort in a short matter of time, in the hope of finding justice.”last_img read more

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Bookmakers see all drama but no change in Brexit soap opera

first_img Related Articles Share Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 StumbleUpon EU research agency demands urgent action on loot box consumer safeguards July 29, 2020 Share Submit Paddy Power raises awareness of Missing People with Motherwell ‘silhouette’ stand August 7, 2020 As widely anticipated, PM Minister Theresa May lost her Brexit deal, as 432 ministers voted against her terms for exiting the European Union on 29 March 2019.May’s ‘record rejection’, would be countered by Labour leader Jeremy Corbyn immediately triggering a ‘vote of no confidence’ in the government, seeking a snap General Election.Such a crushing Commons defeat would normally lead to the resignation of a Prime Minister, but in Brexit Britain, nothing appears normal.Issuing its latest UK Politics update since PM May’s deal judgement, Betfair has priced 1/7 that the government will survive the vote-of-confidence, which will be held within the next 24-hours.Katie Baylis – BetfairUpdating the media, Betfair Spokesperson Katie Baylis said: “Tonight’s unprecedented defeat has thrown up more questions than answers, and first on the agenda will be Corbyn’s Vote of No Confidence.The Government is 4/1 to lose that vote (1/7 to win) with just enough support to get them through you would think. However, the odds of a General Election are still short at 6/4 with Corbyn the 7/2 favourite to be next PM.“If the Government and Theresa May can withstand the storm then some sort of a deal still needs to be passed to avoid a no-deal Brexit, and tonight it’s odds-on at 1/5 that there won’t be a deal come the March 29th deadline”Meanwhile, Paddy Power Politics has moved to price PM May departing office this week at 2/1, from its previous offer of 7/1.Paddy PowerAmid this Commons chaos, Paddy Power backs the government and May of remaining in charge of Brexit procedures, priced at 1/5 to survive the vote as UK politics becomes all drama with no change.Spokesman Paddy Power said: “After a record-breaking defeat in the Commons, Theresa May walk before the end of the week – either that, or she’ll be forced out.“It seems as though she may have secured a leave deal after all… for herself.”last_img read more

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Betinvest: Tailoring the iFrame solution for Asian operators

first_img Share Betinvest has taken a leap into the world of esports through its industry-first customisable iFrame solution. Vitalii Humeniuk, the firm’s esports development manager, and Valentyn Kyrylenko, VP of Business Development, spoke to SBC News about the development of its solution and why it is such a good fit for Asian market operators.SBC: Hi Valentyn, can you outline the key USP’s of the Betinvest iFrame solution?VK: Our iFrame is a ‘plug-and-play’ solution which allows easy integration for operators. This can reduce running costs by at least 80%. We also chose to keep our sportsbook and esports solutions separate to enabling firms to have more flexibility.Firms will be able to try the platform out easily through our ‘plug-and-play’ integration so that they can gain an understanding of how it works and be able to decide whether they really want to start their own operations. They won’t have to go through the long processes of development and testing stages because we already have done that, saving them time to just get into the betting.SBC: Why is it such a good fit for Asian market operators?VK: We worked with our partners in Asia and investigated the key features of the market. We came to multiple conclusions such as adapting the betting handicap, reducing the quantity of events and markets, all to suit the players’ needs.One example of this is reducing the handicap from the European three to two as in the Asian market there’s no need for a draw. This means that there are no high risks for bookmakers and no low prizes for players, helping to maintain a balance which is vital for any operator.Another discovery we made was that customers in Asia weren’t used to seeing high numbers of markets, but instead tend to have only a few. By contrast, in Europe we provide a vast range of markets so we decided on the option to hide unnecessary markets.SBC: Turning to you, Vitalii. We understand that you have completed a platform integration for omg.bet; how excited are you for this product to hit the market?VH: We are delighted to get started with omg.bet and for us to be concentrating so many of our resources on the development of a new product is very exciting.We want to kill the stigma that esports isn’t a genuine industry, while helping the next generation to realise how serious it can be as a business opportunity. Through brands such as omg.bet, we can really push this. We are so pleased to be working with them because they help drive this aim, and their emphasis on creating original content and sharing news about esports shows this.SBC: How does the front end set up for clients such as omg.bet need to be tailored for the best chance of success in Asia?VH: Modern society needs instant results, otherwise people will go to other sites before you have chance to display your products.Omg.bet has been developed specifically with this in mind and tailored towards minimalism. It has been optimised to be visually easy on the eye, accessible across all devices.As their provider, we have been able to provide our knowledge from other betting sites in order to develop a strong site that will attract esports fans.SBC: The final word for you, Valentyn. How important has esports become to an operator’s product mix? And what is next for Betinvest with esports?VK: If you were to tell anybody in this industry just a couple years ago the next big market would be esports, there would definitely be sceptics. For example, we didn’t have a team specifically for esports until last year and now we provide our clients with odds for 2,000 pre-match and up to 1,000 live events for major games around the globe. We also have our esports iFrame solution and in-house esports Data Feed so we are truly trying to push the seriousness of esports. Next, we are looking to conduct tournaments and arrange sponsorships. This industry will continue to develop rapidly as it has done and we want to be at the forefront of its growth. Submit Betinvest boosts Sportradar coverage with table tennis solution May 11, 2020 Confidence, Variety, Creativity: Betinvest’s advice for times of crisis May 7, 2020 Share StumbleUpon Related Articles BetInvest: The benefits of separating esports betting markets August 7, 2020last_img read more

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Splyce’s EU LCS team finds partner in Foot Locker

first_imgSplyce, an American esports organisation that competes in numerous titles, has announced that it has entered a partnership with sportswear and footwear retailer Foot Locker.The announcement itself suggests that this deal will focus on the organisation’s European League of Legends Championship Series (EU LCS) team. Not a lot of information regarding the deal has been revealed as of yet, but the tweet posted by Splyce suggests the deal is with the European arm of Foot Locker. This partnership will see Foot Locker support Splyce “in both lifestyle and performance” ahead of the team’s foray into the Summer Split of the soon-to-be-franchised league. Another esports organisation recently went one step further than Splyce in terms of partnering with a footwear company: in April, Immortals announced a collaboration with K-Swiss.Splyce adds Foot Locker to its existing roster of partners, which includes CLTX Gaming, Turtle Wax, Mountain Dew, CORSAIR, Turtle Beach, Scuf Gaming, and streaming platform Twitch. In April, the organisation received a major investment from The Ledger Group, who invested  $1.5m (£1.07m). As part of its shift to focusing more and more on esports, The Ledger Group rebranded as OverActive Media Group as it looks to build, acquire, and invest in more esports franchises.Esports Insider says: Splyce competes in plenty of esports titles – such as Call of Duty, Rocket League, and until recently, CS:GO – but there’s no doubt that its flagship team is its League of Legends roster. Placing third in the latest season of the EU LCS, it will look to place a little better in the summer with help from Foot Locker.Sign up to our newsletter!last_img read more

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