Pension tax relief to hit high earners

first_img Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Thursday 14 October 2010 9:40 pm whatsapp KCS-content whatsapp UP TO 200,000 high earners could be hit by the pension tax relief cut – 100,000 more than the coalition has estimated.The government yesterday announced it will slash the annual allowance on pensions tax relief from £255,000 to just £50,000.While experts say this will affect less that one per cent of the overall number of pension contributors, high earners could lose out on thousands of pounds a year.The lifetime allowance for total tax free pensions savings was also cut from the current £1.8m to £1.5m. The Treasury expects 100,000 people – most of whom will be on salaries of £100,000 or more – will be affected, saving the public purse more than £4bn a year. However, analysts at PwC warn that if inflation rises and the limits remain the same the number of people affected could double.The changes will be introduced from April next year, when the government says it will give more details on its plans. Pension savers on the margins of the tax relief threshold who are pushed over it by a substantial pay rise may be protected by a clause allowing them to offset the sum against the previous year, when the full allowance was not used.The reduction was not as bad as some analysts feared, with figures as low as £30,000 or £40,000 a year being suggested.???It also falls short of draconian plans drawn up by the Labour government, which planned to save £4.5bn a year by hammering anyone earning more than £130,000.But those selling a business or property and hoping to save by paying a lump sum into a pension scheme will now lose out.Financial secretary to the Treasury Mark Hoban said: “We have abandoned the previous Government’s complex proposals and developed a solution that will help to tackle the deficit but not hit those on low and moderate incomes. We have taken a tough but fair decision.”He added: “The government believes that our system is fair, will preserve incentives to save and will help UK businesses to attract and retain talent.” center_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Pension tax relief to hit high earners Tags: NULLlast_img read more

Forex swaps debate rages

first_img whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Show Comments ▼ PROMINENT asset managers and a key derivatives trade group are urging the US Treasury to exempt foreign exchange swaps and forwards from new derivatives regulations that would require central clearing under a revamp of US financial rules enacted in July.But exchanges that stand to benefit from the shift and two Democratic US senators say foreign exchange derivatives were standard instruments that should be forced onto central clearing platforms as the landmark legislation intended.The Dodd-Frank financial reform act gave US Treasury secretary Timothy Geithner the authority to decide whether the $53.1 trillion market for foreign exchange derivatives should receive an exemption from the new regulations. Forex swaps debate rages Tuesday 30 November 2010 8:30 pmcenter_img Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share whatsapplast_img read more

Unilever acquisition of Alberto Culver given shareholder nod

first_img alison.lock Unilever acquisition of Alberto Culver given shareholder nod Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share Monday 20 December 2010 4:11 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemcenter_img Show Comments ▼ whatsapp SHAREHOLDERS in US consumer goods group Alberto Culver have voted in favour of its proposed $3.7bn (£2.38bn) acquisition by Unilever, announced on September 27.Alberto Culver brands include personal care names TRESemmé, Alberto VO5, Nexxus, St. Ives and Simple. The deal will make Unilever the world’s leading company in hair conditioning, the second largest in shampoo and the third largest in styling.Unilever has also confirmed it has received a second request for information from the US Department of Justice in the regulatory review process. The group said it would continue to work cooperatively with the DOJ.The transaction remains subject to regulatory reviews in other countries and is expected to be completed in due course. whatsapp Tags: NULLlast_img read more

Factory gate inflation rises

first_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Tags: NULL whatsapp whatsapp John Dunne Factory gate inflation rises by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comcenter_img Factory gate inflation rose faster than expected in December to its highest annual rate since April, driven by a sharp rise in the price of crude oil and food input costs, official data showed.The news is likely to concern the Bank of England as consumer price inflation is already more than a percentage point above its two per cent target and is forecast to rise towards 4 percent in the coming months.The Office for National Statistics said producer output prices rose 4.2 per cent in December, slightly above forecasts for an annual rise of 3.9 per cent. On the month, output prices were up 0.5 percent, versus a 0.4 percent forecast.December input prices were 12.5 per cent higher on the year – also the highest annual rate since April – compared with a 9.2 per cent annual rise in November and against forecasts for an annual rate of 10.4 per cent.Economists had expected some acceleration in input costs due to higher oil and gas prices and the weaker pound.A slowdown in the growth of labour costs had been expected to keep output prices more steady.Stripping out input costs for food and petroleum industries, the annual rate of input price inflation in December rose to 8.8 percent from 7.5 percent on a seasonally-adjusted basis.The rise in the cost of crude oil over the year contributed almost half of the annual rise in input cost inflation, with increases in the cost of home produced food and imported metals also playing a significant role.The cost of crude oil inputs is 26.2 per cent higher than a year ago, its highest annual rise since May 2010.This is having a knock-on impact on fuel inputs, which are rising at their fastest annual pace since May 2009.The cost of home-produced food materials is 11.3 per cent higher on the year – its biggest annual rise since 2008. Friday 14 January 2011 5:25 am Share Show Comments ▼last_img read more

One shareholder won’t be happy

first_img One shareholder won’t be happy Thursday 27 January 2011 8:45 pm Share whatsapp Show Comments ▼ KCS-content center_img 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia whatsapp STRANGE as it sounds, Rupert Murdoch will be disappointed by BSkyB’s first-half results, which knocked the socks off everyone else. The company is simply performing too well. Churn – the amount of customers that left during the period – has fallen to a decade low of 9.5 per cent while the company has beaten expectations on just about every measure. This firm is recession proof: it won’t come cheap. It already looks as though News Corp will have to stump up much more than the 700p-a-share it tabled back in June if it wants to get its hands on the rest of BSkyB. As Lorna Tilbian of Numis points out, the market has added around a thousand points since then. She thinks big institutions are unlikely to sell up for less than 825p a share. And if Murdoch has to wait for a lengthy competition investigation, he will end up paying even more. That’s because BSkyB’s costs exploded during the period. The firm spent £354 on acquiring each new subscriber, compared to just £34 a year earlier, after the firm upgraded the box it gives away for free to an HD model. Marketing spend was also up by £75m to £613m. This should come as no surprise to shareholders: BSkyB always said it would need to invest heavily to push past the 10m subscriber mark, and it was right to do so. But these costs will start to ease from 2012, meaning analysts are likely to upgrade the stock in expectation of higher earnings. Murdoch is a man in a hurry. Tags: NULLlast_img read more

Ireland slashes growth forecast

first_img whatsapp KCS-content Share Ireland slashes growth forecast Show Comments ▼ Monday 31 January 2011 8:03 pmcenter_img Ireland’s central bank yesterday more than halved its growth forecast for 2011 following the austerity budget in December. The central bank’s latest quarterly economic forecast, published yesterday, expects gross domestic product to grow this year by one per cent, compared with the 2.3 per cent predicted in its October forecast. whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Tags: NULLlast_img read more

Cluff shuts Ivory Coast mine

first_img CLUFF Gold, the Aim-listed miner, has suspended operations at its Angovia mine in Ivory Coast due to shortages of fuel, explosives, cement and cyanide and will not reopen it until political stability returns.Ivory Coast has been in turmoil since a disputed November election that threatens to rekindle the West African state’s 2002 civil war, and has already drastically cut exports from the world’s top cocoa producer.“The Angovia mine will remain on care and maintenance until Cote d’Ivoire [Ivory Coast] returns to the level of political stability required for restarting operations,” the London-listed miner said in a statement to the stock market yesterday.Angovia, one of two producing gold mines operated by Cluff Gold in western Africa, had been targeting production this year of 25,000 ounces of gold, up from around 20,000 ounces in 2010.The mine is smaller than its Kalska operations in Burkina Faso, which are aiming to produce 70,000 ounces of gold this year.It is also exploring in Sierra Leone where it hopes its Baomahun project can produce 157,000 ounces of gold a year.The company, which has a market value of around £160m, said its growth strategy remained on track and that operations in Burkina Faso were on target.“Although our gold production will be affected until we can reopen the [Angovia] mine, we are confident that the shortfall in production will be minimal and will have a limited effect on our overall budgeted cashflow for the year,” it said.Cluff’s shares fell 9.7 per cent to close at 109p on Aim yesterday. Its Toronto-listed shares were flat. Cluff shuts Ivory Coast mine Show Comments ▼ KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Monday 7 March 2011 8:35 pm Share whatsapp whatsapp Tags: NULLlast_img read more

Citigroup rejigs equities team

first_img Share Citigroup rejigs equities team by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports Dropmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsForbes14 Richest Black Billionaires RankedForbesBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tuesday 19 April 2011 8:08 pm Tags: NULLcenter_img Show Comments ▼ KCS-content Citigroup has overhauled its global equities trading team, promoting Mike Pringle to global head of trading from his role as head of equities, Europe, Middle East and Africa (EMEA), while Adrian Faure will assume a new role as global head of emerging markets, based in Hong Kong. Andy Thompson has become the group’s head of equities for EMEA while Richard Heyes is the head of equities for pan-Asia. All five will report to Bandeen. whatsapplast_img read more

DraftKings launches online betting in New Jersey

first_img Subscribe to the iGaming newsletter Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US New Jersey DraftKings has beaten its rivals to become the first operator to accept legal online sports bets in New Jersey.The company was given a waiver by the state’s authorities for a soft launch on Wednesday at 6pm EST, with the condition it was initially done on an invite-only basis.Under terms laid out by New Jersey’s Division of Gaming Enforcement, the hours of operation and number of customers is currently restricted. To play, DraftKings customers in New Jersey must download the iOS or Android app and wait for an invitation before they can bet.iGamingBusiness.com can reveal that the first legal mobile bet to be placed on American soil outside of Nevada was a modest $5 punt on the St. Louis Cardinals run line, with a potential $12 win on the MLB game.Speaking to iGamingBusiness.com, a DraftKings spokesperson said: “This invite-only period allows us to stress test the product and ensure it meets the high standards of the DGE, and ours. While there is no official date set for a public launch, this is one of the final steps required before we would be permitted to publicly launch the DraftKings Sportsbook in New Jersey.”DraftKings’ staff held a launch party at their Boston headquarters, while CEO Jason Robbins celebrated their market entry via Twitter. Operator shocks rivals by taking first legal online bets in the US outside of Nevada DraftKings launches online betting in New Jerseycenter_img Topics: Sports betting Tech & innovation Tags: Mobile DraftKings is partnered with Resorts Atlantic City casino, but the pair are yet to open the sportsbook in the property. Four of Atlantic City’s nine casinos are now offering over-the-counter sports betting after Bally’s and Harrah’s this week joined the Borgata and Ocean Resorts.DraftKings’ mobile platform is provided by Kambi, under the terms of a deal signed just six weeks ago. The app has the company’s crowned-D logo and black and green colour scheme, and offers the in-play and cash out features that have dominated European mobile betting over the last decade. DraftKings Sportsbook is aimed at mass market so features a clean, uncluttered home screen and simplified terms such as ‘Who will win?’ rather than ‘moneylines’.A delighted Kambi CEO Kristian Nylen said in a statement: “Today marks the start of an exciting new chapter for Kambi, creating history with our partner DraftKings by processing the first online wager outside of Nevada following the repeal of PASPA.“To be the first, and so far and only, sports betting supplier to receive a Transactional Waiver to operate online in New Jersey only strengthens our position as the secure and quality choice for operators seeking a sportsbook partner.”The launch came a day after MGM Resorts CEO Jim Murren said his company would be launching online betting before the end of the week.In a further development in the US, MGM accepted the first legal sports bets in Mississippi on Wednesday at its Beau Rivage Resort & Casino in Biloxi and Gold Strike Casino Resort in Tunica.“MGM Resorts is proud to once again assume the leadership position in the hospitality industry,” said Murren in a statement. “Sports wagering is a rapidly growing, exciting new entertainment opportunity for our company.“We were proud to take the first sports wager in Atlantic City in June and today the first legal sports wager in two locations in Mississippi.” Email Address 2nd August 2018 | By contenteditorlast_img read more

Mobile Dashboard – November 2018

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Mobile Dashboard – November 2018 H2 Gambling Capital and iGaming Business are pleased to bring you the November 2018 Mobile Dashboard H2 Gambling Capital and iGaming Business are pleased to bring you the November 2018 Mobile Dashboard.The Mobile Dashboard is your monthly overview of the mobile sector in numbers and enables you to follow the evolution of mobile from 2003 with projections up to 2023.As the charts show, mobile gross win has not only grown aggressively since 2003, but its percentage of overall igaming win has also risen rapidly, particularly over the past five years.H2 predicts mobile will account for more than 51% of igaming gross win by 2023, although many operators are already reporting that more than 50% of their revenues come from the mobile channel, particularly when it comes to sports betting. As the doughnut graph shows, 68% of mobile revenues come from sports betting.Interestingly, while by region Europe takes the bulk of global mobile revenues, Asia/Middle East has a higher percentage of its region’s gross win coming from mobile. This is likely to be due to the fact that in some countries, particularly those in Asia, fixed line broadband was slow to develop and many users skipped desktop altogether and adopted mobile as their first internet device.H2 Gambling Capital is the gambling industry’s leading consulting, market intelligence and data team. The company has a track record of nearly 15 years focused on the global gambling industry, its projections have been influential in shaping legislators’  and investors’ views of the gambling sector across the globe. Regions: Africa Asia Europe LATAM US Tags: Card Rooms and Poker Mobile Online Gambling 6th November 2018 | By Joanne Christie Bingo Topics: Casino & games Finance Lottery Sports betting Bingo Poker Email Addresslast_img read more