Monthly Archives: November 2015

Players to take Action Against PokerStars And VIP Changes

PokerStars’ plans to adjust its VIP program in January have received mixed reactions from the poker community. Since Amaya took control of PokerStars it’s been on a mission to level the playing field and make its platform a more complete gaming destination. From a practical point of view, the inclusion of casino games and sports […]

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Uncle Scam might be calling unless a new provision is changed | Quigley

A bill offered by Sen. Robert Menendez would block a new provision in a budget bill that would allow government agency debt collectors to call people to collect money. At his news conference the Senator noted more than $23 million has been glommed by scammers, and that’s not including losses never reported by folks ashamed they’ve been taken.

Uncle Scam might be calling unless a new provision is changed | Quigley

A bill offered by Sen. Robert Menendez would block a new provision in a budget bill that would allow government agency debt collectors to call people to collect money. At his news conference the Senator noted more than $23 million has been glommed by scammers, and that’s not including losses never reported by folks ashamed they’ve been taken.

DraftKings cut guarantee as daily fantasy activity, margins decline

Daily fantasy sports activity continued to fall in Week 12 of the NFL season, prompting DraftKings to cut $1m off the guarantee of its marquee football contest.

According to numbers crunched by DFS data specialists SuperLobby.com, Week 12 activity at DFS operators DraftKings and FanDuel fell around 7% from the previous week, marking the seventh consecutive week of declining participation. But the operators also saw declines in effective margins, breaking the pattern of recent weeks.

FanDuel reported total entry fees at its guaranteed prize pools (GPP) and cash games falling around 7% from the previous week to $21.8m. Despite the fall – partly a seasonal phenomenon but also attributable to the company’s withdrawal from the New York state market after Attorney General Eric Schneiderman issued a cease & desist order – FanDuel managed to post an effective margin of 10.04%, down around 0.3 points from the previous week.

DraftKings has opted to remain in the New York market while it fights Schneiderman in court, but it too saw GPP fees fall 7% from the previous week. DraftKings’ Week 12 margin was almost identical to FanDuel’s, but its week-on-week decline was steeper, falling 1.6 points from Week 12’s season-high 11.64%.

DraftKings cut guarantee as daily fantasy activity, margins decline

Daily fantasy sports activity continued to fall in Week 12 of the NFL season, prompting DraftKings to cut $1m off the guarantee of its marquee football contest.

According to numbers crunched by DFS data specialists SuperLobby.com, Week 12 activity at DFS operators DraftKings and FanDuel fell around 7% from the previous week, marking the seventh consecutive week of declining participation. But the operators also saw declines in effective margins, breaking the pattern of recent weeks.

FanDuel reported total entry fees at its guaranteed prize pools (GPP) and cash games falling around 7% from the previous week to $21.8m. Despite the fall – partly a seasonal phenomenon but also attributable to the company’s withdrawal from the New York state market after Attorney General Eric Schneiderman issued a cease & desist order – FanDuel managed to post an effective margin of 10.04%, down around 0.3 points from the previous week.

DraftKings has opted to remain in the New York market while it fights Schneiderman in court, but it too saw GPP fees fall 7% from the previous week. DraftKings’ Week 12 margin was almost identical to FanDuel’s, but its week-on-week decline was steeper, falling 1.6 points from Week 12’s season-high 11.64%.

IG Group second quarter revenue to be slightly ahead of first

Spreadbetting and financial firm IG Group said revenue in the second quarter of the financial year would be slightly ahead of the first, although it is too early to predict how the full year will turn out. In a brief trading update for the second quarter, IG said it has performed well in quieter markets over the last three months and remains on track as it approaches the second half.

Arts Council investment in the arts peaks in 2014/15

The Arts Council invested a record $43.6 million in the arts and arts organisations in 2014/15 with more organisations than ever receiving multi-year funding, according to the council’s Annual Report 2014/15. Of the 82 organisations in Creative New Zealand’s multi-year investment programmes, 63 with continuous funding agreements presented almost 7,280 events and performances, which attracted more than 955,000 paid and free attendances throughout New Zealand.

Arts Council investment in the arts peaks in 2014/15

The Arts Council invested a record $43.6 million in the arts and arts organisations in 2014/15 with more organisations than ever receiving multi-year funding, according to the council’s Annual Report 2014/15. Of the 82 organisations in Creative New Zealand’s multi-year investment programmes, 63 with continuous funding agreements presented almost 7,280 events and performances, which attracted more than 955,000 paid and free attendances throughout New Zealand.

Gala Coral Group’s online gains help offset poor retail performance

UK-listed gambling operator Gala Coral Group posted a modest revenue gain in its fiscal year, as a strong performance by its online operations helped offset retail stagnation.

For the 12 months ending Sept. 26, Gala Coral reported revenue up 6.4% to slightly over £1b, while earnings rose 1.3% to £205.3m. Company CEO Carl Leaver claims earnings would have risen 30% once you factor out the impact from last year’s FIFA World Cup and the introduction of the UK’s online 15% point-of-consumption tax (POCT).

Gala Coral’s online operations reported revenue up nearly 36% to £247.8m, while online earnings rose a more modest 13.5% to £56.2m thanks to the aforementioned POCT. Again waving his theoretical wand, Leaver said online earnings would have been double that of the previous fiscal year were it not for those pesky regulatory and seasonal headwinds.

Online gains were strongest at Coral.co.uk, which reported revenue up nearly two-thirds to £119m as active customers increased by one-fifth. Sports betting revenue improved by £16.9m while gaming revenue rose by £28.8m. Coral credited the online gains to more betting options, a stronger cross-sell from sports into gaming and higher multi-channel activity.

Gala Coral Group’s online gains help offset poor retail performance

UK-listed gambling operator Gala Coral Group posted a modest revenue gain in its fiscal year, as a strong performance by its online operations helped offset retail stagnation.

For the 12 months ending Sept. 26, Gala Coral reported revenue up 6.4% to slightly over £1b, while earnings rose 1.3% to £205.3m. Company CEO Carl Leaver claims earnings would have risen 30% once you factor out the impact from last year’s FIFA World Cup and the introduction of the UK’s online 15% point-of-consumption tax (POCT).

Gala Coral’s online operations reported revenue up nearly 36% to £247.8m, while online earnings rose a more modest 13.5% to £56.2m thanks to the aforementioned POCT. Again waving his theoretical wand, Leaver said online earnings would have been double that of the previous fiscal year were it not for those pesky regulatory and seasonal headwinds.

Online gains were strongest at Coral.co.uk, which reported revenue up nearly two-thirds to £119m as active customers increased by one-fifth. Sports betting revenue improved by £16.9m while gaming revenue rose by £28.8m. Coral credited the online gains to more betting options, a stronger cross-sell from sports into gaming and higher multi-channel activity.

GPs in Scotland's most deprived neighbourhoods get A 10 less funding per patient

DOCTORS surgeries’ are being underfunded in the poorest parts of Scotland creating a postcode lottery which is perpetuating severe health inequalities, according to experts. The claim comes as a new study, funded by the Scottish Government, found GPs in the most deprived areas of the country receive A 10 less than the average practice for each patient.

GPs in Scotland's most deprived neighbourhoods get A 10 less funding per patient

DOCTORS surgeries’ are being underfunded in the poorest parts of Scotland creating a postcode lottery which is perpetuating severe health inequalities, according to experts. The claim comes as a new study, funded by the Scottish Government, found GPs in the most deprived areas of the country receive A 10 less than the average practice for each patient.