The MS Dhoni-led Pu

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The MS Dhoni-led Pune were initially considered to be the contenders of lifting the title as they had?

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ECONOMISTS’ VIEWS: WILL THE BANK RAISE INTEREST RATES THIS WEEK?

first_img Show Comments ▼ whatsapp KCS-content ECONOMISTS’ VIEWS: WILL THE BANK RAISE INTEREST RATES THIS WEEK? Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Sunday 6 February 2011 10:26 pm whatsapp PHILIP SHAW | INVESTEC“A rate rise is possible, but unlikely. For rates to rise, the two existing ‘hawks’ would need to be joined by Tucker, Dale and Miles. This is possible, but it seems more likely that the Bank rate will remain at 0.5 per cent this time.”GEOFFREY WOOD | CASS BUSINESS SCHOOL“The MPC should have raised interest rates a long time ago, but inflation has become far too high and vulnerable to price shocks. A modest increase would tackle inflation expectations. The Bank’s credibility is seriously at risk.”HOWARD ARCHER | IHS GLOBAL INSIGHT“The odds still significantly favour the Bank holding fire on interest rates in the very near term. Nevertheless, it is far from inconceivable that they could raise interest rates at the February meeting this Thursday.” Share Tags: NULLlast_img

Dutch regulator warns consumers over ‘dipping’ lottery games

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Dutch regulator warns consumers over ‘dipping’ lottery games 4th February 2020 | By contenteditor Dutch gambling regulator the Kansspelautoriteit (KSA) has issued a warning to consumers over participating in ‘dipping’ lottery games on Facebook, saying that such activities are not legal in the country. Subscribe to the iGaming newsletter Topics: Legal & compliance Lottery Legal & compliance Regions: Europe Western Europe Netherlands Tags: Online Gambling Dutch gambling regulator the Kansspelautoriteit (KSA) has issued a warning to consumers over participating in ‘dipping’ lottery games on Facebook, saying that such activities are not legal in the country.According to the KSA, dipping is a lottery game where players can pay to enter to win cash and other prizes. Entrance fees are made via internet banking, with the operators that run the games based both in Netherlands and in other countries.However, the KSA has now warned consumers that some of the games are being run as scam operations and, as all forms of these games are deemed illegal, it has launch an investigation into such activities.The KSA also urged consumers to check the approved list of lottery operators on its website to ensure they are playing legal games.“Despite an earlier warning, dipping seems to be gaining popularity; we also have the impression that the prices are becoming larger and more expensive, with the aim of enticing as many consumers as possible to play along,” KSA board member Bernadette van Buchem said.“Whether those prizes will actually be raffled and awarded is the question. This is our reason to ring the bell again. These lotteries take place outside everyone’s view and every check.”The announcement comes after KSA chairman René Jansen also recently called for operators considering applying for licences for the country’s new legal online gambling market to be responsible with their activities, saying that the regulator will adopt a “strict but fair” oversight of the sector.Jansen revealed that part of the KSA’s own approach to responsible gaming will include a ‘Central Exclusion Register’, which will operate under the name ‘Cruks’.This register will become active from 1 January next year, allowing players to exclude themselves from gambling with licensed operators in the Netherlands. Operators must first refer to the list before allowing players to open an account on their platform.The country’s regulated online gambling market is scheduled to open on 1 July 2021, with the KSA to open the licensing process on 1 January 2021.last_img

NagaCorp posts full-year profit despite Covid-19 casino closures

first_imgNagaCorp paid $29.8m in tax during the year, leaving $102.3m in total profit. After including an $894,000 loss from foreign exchange differences linked to operations overseas, the operator ended 2020 with $101.2m in overall profit, down 80.6% year-on-year. Cambodia-based casino operator NagaCorp has posted a total profit of $101.4m (£73.2m/€85.4m) for its 2020 financial year, despite a sharp drop in revenue as its properties were forced to close due to the novel coronavirus (Covid-19). Earnings before interest, tax, depreciation and amortisation (EBITDA) for the full year stood at $265.2m, helped by relatively normal operating activity in the first quarter, prior to Covid-19 measures coming into full effect. Topics: Casino & games Finance Full year results 2020 Q4 results 2020 Results 2020 “The satisfactory recovery of the gaming business volumes and revenues was largely contributed by a reasonably sized expatriate community and to some extent, visitors from East Asia – mainly from China, South Korea and Taiwan – patronising NagaWorld in search of entertainment. Revenue for the 12 months to 31 December amounted to $878.7m, down 49.9% from $1.76bn in the previous year, as the Nagaworld resort in Cambodia had to shut from April until July in line with national Covid-19 restrictions. Though NagaCorp experienced a significant drop in profit, the operator said that the success of the reopening of its flagship Nagaworld resort means the business should recover in the longer term. Tags: NagaCorp NagaCorp posts full-year profit despite Covid-19 casino closures Subscribe to the iGaming newsletter However, the temporarily suspension of activities meant the cost of sales was lower at $451.7m, half the $909.2m recorded in the previous year. This left a gross profit of $427.0m, down 49.6% year-on-year. Other operating expenses were 8.4% lower at $205.3m while administrative costs remained level at $61.1m. After accounting for $33.2m in financial costs, profit before tax was $132.1m, down 76.1% from 2019. Traditional table games were by far the primary source of income for NagaCorp, accounting for $787.3m of total revenue in 2020. Revenue from electronic table games reached $82.4m, while hotel room, food and beverage and other revenue reached $9.1m. 8th March 2021 | By Robert Fletcher “Looking ahead, the company believes the rollout of vaccination, and eventually the anticipated gradual border reopening throughout Asia may most likely further improve the economy and tourism sector of Cambodia, which is expected to contribute positively to the group’s business.” Image: Christophe95 via Wikimedia Commons Regions: Asia “Since the re-opening of the casino businesses on 8 July, NagaCorp has recorded an initial recovery rate of about 95% for the mass market segment and about 69% for the VIP market segment,” NagaCorp said. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Full year results 2020 Email Addresslast_img

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