Tags: Card Rooms and Poker Mobile Online Gambling OTB and Betting Shops Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation and financial costs, which hit profits.Group revenue for the six months to 30 June 2019 amounted to €736.1m, a 69% year-on-year increase from H1 2018, when the supplier reported revenue of €436.5m. Growth was largely down to increased B2C revenue, which soared 345% to €438.2m.This was driven by the Snaitech acquisition, which was agreed in April last year, and completed in August. The operator contributed €395.8m in revenue for H1, a significant increase on the €61.3m generated from Playtech’s stake in the business in 2018.However on a pro forma basis, comparing Snaitech’s figures as if it had been part of the group for the first six months of 2018, revenue was down 11% year-on-year. This was caused by an 18% drop in gaming machine revenue, something Playtech credited to increased gaming taxes, offset by strong online growth. Total online revenue for the period was up 22%.Elsewhere in Playtech’s B2C division, white label revenue, including Sun Bingo, fell 2% year-on-year to €24.3m. Sun Bingo was the unit’s standout performer, though not by enough to stop other white label brands’ declines hitting revenue. However many of these brands have been consolidated or ceased operating, as part of a ‘housekeeping exercise’ to thin out the number of white label sites.Financials division TradeTech group also struggled in H1, with revenue falling 25%, while casual gaming remained flat with no improvement in revenue for the period.However the B2C retail division grew strongly, albeit from a low base. Revenue was up 114% to €9.9m, as a result of the expansion of the Germany-facing HPYBET betting shop franchise.The Snaitech-driven B2C growth was not matched by Playtech’s core B2B operations, with revenue down 9% year-on-year at €265.5m. The decline was due in part to a 24% drop in casino revenue to €129.8m, offset by growth in B2B sports revenue, which rose 27% to €60.6m.Casino struggled in H1 as a result of a 42% year-on-year decline in revenue from Asia, though its impact was mitigated slightly by a 9% increase in revenue from regulated markets. Regulated market revenue grew to represent 49% of total casino income, compared to 40% in H1 2018.Services revenue, meanwhile, grew 12% to €46.2m, aided by the continued growth of OPAP in Greece and Caliente in Mexico and underpinned by increased machine hardware sales. Bingo, on the other hand, was down 10% at €11.8m, with poker declining to €4.3m. As with casino, poker has seen unregulated market revenue fall, dropping 18% in H1, and the regulated market contribution increase. Revenue from licensed jurisdictions now accounts for 71% of the vertical’s total.Playtech’s significant growth in size and scale prompted by the Snaitech deal contributed to a sharp increase in distribution costs, which almost doubled to €492.8m, and administrative expenses, which grew to €78.9m.A further charge of €4.6m relating to the impairment of other receivables, which left earnings before interest, tax, depreciation and amortisation of €159.8m, up 32.7% year-on-year.However Playtech was then hit by significantly increased depreciation and amortisation, as a result of the acquisition of Snaitech. Depreciation increased by 52% to €24.9m, of which €8.8m was incurred through Snaitech. Excluding acquired assets, underlying depreciation increased by 6%.Amortisation shot up 89% to €83.6m, due to the acquisition of Snaitech and a €10.5m impact from adopting the International Financial Reporting Standard 16. Excluding the amortisation within acquisitions, amortisation increased by 32% to €25.7 million.Finance costs, meanwhile, increased 36% to €27.4m on a reported basis. On an adjusted basis this rise was even steeper, up 237% from the prior year, driven by a €12.5m rise in interest related to bond loans, including €10.5m on the €530.0m bond raised in October 2018.Though a 43% increase in finance income to €8.9m offset this in part, it saw Playtech’s operating profit for the half plummet to €28.0m, compared to €124.2m for the prior year. After income taxes, Playtech’s net profit for the period stood at €18.0m, down from €118.0m, though the business did record a foreign exchange gain of €2.2m, taking total income for the period to €20.2m.Had numbers been adjusted to strip out non-cash and one-off items such as amortisation of intangibles, professional and finance costs, deferred tax and unrealised fair value changes, profit for the quarter would have been €72.0m.Playtech’s directors noted that this figure, representing a 19.0% year-on-year decline, more closely represented Playtech’s trading performance for the period.In current trading, regulated B2B revenue, excluding acquisitions and the impact of increased Remote Gaming Duty in the UK, was up 4% for the first 51 days of H2 2019. Snaitech, it said, had shown strong underlying growth, and had not yet been impacted by the Italian advertising ban.As a result, and based on the H1 figures, Playtech has reiterated its adjusted EBITDA projection for the year of between €390m and €415m, and expected B2B and Snaitech to perform well for the remainder of 2019. However, it added, Asia would continue to struggle – at the current run rate, the region is expected to contribute €115m in annual revenue, down from the €150m projection issued earlier in the year. Bingo AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits. Snaitech boosts Playtech revenue but hits profit in H1 Email Address 22nd August 2019 | By contenteditor Subscribe to the iGaming newsletter Topics: Casino & games Finance Sports betting Tech & innovation Bingo Poker
Swala Oil and Gas (Tanzania) Plc (SWALA.tz) listed on the Dar es Salaam Stock Exchange under the Energy sector has released it’s 2015 abridged results.For more information about Swala Oil and Gas (Tanzania) Plc (SWALA.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Swala Oil and Gas (Tanzania) Plc (SWALA.tz) company page on AfricanFinancials.Document: Swala Oil and Gas (Tanzania) Plc (SWALA.tz) 2015 abridged results.Company ProfileSwala Oil and Gas (Tanzania) Plc is an oil and gas company with extensive interests in Tanzania and Burundi. Its current exploration operations include the Kilosa-Kilombero license in Tanzania with a 75% participating interest, and Block D in Burundi with a 100% participating interest. Swala Oil is a shareholder of PAE PanAfrican Energy Corporation (“PAEM”); a Mauritius-based company which owns PanAfrican Energy Tanzania Limited (“PAET”). PAET holds the rights granted by the government of Tanzania to explore, develop, market, produce and sell natural gas from the Songo gas fields in Tanzania. This includes rights to managing the associated infrastructure and distribution and marketing agreements with the private sector and state enterprises. Swala Oil and Gas (Tanzania) Plc is listed on the Dar es Salaam Stock Exchange
As for Clermont, vice-president Jean-Marc Lhermet said they intended to play Domingo against Grenoble, warning the FFR that they risk “initiating tensions between the clubs and the France coaching staff because I believe that, on this subject, the clubs stand together”.Saint-André recognises he must tread carefully in the days ahead, doing what’s best for France without antagonising the clubs. As usual when rugby goes to war it is the players caught in the crossfire. Huget returns to training with Toulouse today but asked if he expected to make the trip to Biarritz on Saturday he replied: “I don’t know anything…it’s a difficult period for them (the Toulouse coaches) and for us, but it’s not for me to pass judgement on the situation.” NOT FOR FEATURED In all probability PSA had his coffee and croissants on Monday morning while reading the latest edition of Midi Olympique. The reports and analysis of Sunday’s victory over Italy would have gladdened his heart (Rabah Slimani’s red card and creaking scrum apart), but PSA must have shuddered when he turned to page four. Under the heading ‘La grogne de clubs’ (the rumbling discontent of the clubs), Toulouse, Clermont and Stade Francais all made clear their opposition to the idea of resting players this weekend.Time to rest? Stade fly-half Jules PlissonFor Toulouse, in particular, the issue has become a bête noire with club president René Bouscatel resigning his seat on the LNR board in December in protest at the FFR-LNR agreement over player release. The passage of time hasn’t diluted his anger; quite the reverse in fact, judging by his latest rant. “I really have a lot of anger against the connivance of the league and federation,” fumed Bouscatel. “It’s going to take time, but they’re going to have a war.”On Monday evening L’Equipe reported that despite phone calls from Saint-André and FFR president Pierre Camou, Bouscatel was refusing to stand down Nyanga, Picamoles, and Huget from club duty this weekend.The words of Stade Francais coach Gonzalo Quesada were more temperate, the former Argentina fly-half saying he wanted all his players back for the trip to Brive because “one has to understand that we also have our objectives”. In demand: Yoann Huget breaks against Italy – but will he be wearing Toulouse colours this weekend?By Gavin MortimerONE WOULD have thought there would be a smile on the face of French rugby this week. Two wins out of two in the Six Nations, already one more than they managed last season. In fact, less than six weeks into 2014 and Les Bleus have already equalled their win tally for the previous calendar year.But the atmosphere within French rugby is fractious when it should be felicitous. For despite the fact the French are level on points with Ireland at the top of the Six Nations table, the clubs aren’t happy – and as they wield most of the power in France, they’re threatening to flex their muscles.Eye of storm: Philippe Saint-AndréThe reason for their chagrin is simple. This weekend sees a full programme of Top 14 fixtures with leaders Clermont facing a tricky trip to Grenoble and second-placed Stade Francais venturing into the back of beyond to play Brive. Toulouse, meanwhile, who lost at home to Montpellier on Saturday and dropped out of the top six as a result, are in Biarritz while reigning champs Castres take on Toulon. Big fixtures, and the clubs want their big players.But France coach Philippe Saint-André, in accordance with the agreement signed between the LNR and the FFR in December, submitted on Monday a request that 12 players be rested this weekend. The drained dozen are those players who started both the England and Italy matches: Yannick Nyanga, Louis Picamoles, Yoann Huget and Jean-Marc Doussain (all Toulouse), Thomas Domingo and Wesley Fofana (Clermont), Nicolas Mas of Montpellier, Toulon’s Mathieu Bastareaud, Bernard Le Roux of Racing, Castres’ Brice Dulin and the Stade Francais pair of Pascal Papé and Jules Plisson.In submitting the request, PSA explained: “We’ve opened a dialogue with the clubs as stipulated in the FFR-LNR agreement, at the heart of which is the players’ welfare…the idea is to try to conserve the players who started both matches.” LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS
Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Please enter your name here A lot of TV options will be debuting together with the complete series of vintage TV shows this month. As always we come up with a detailed preview of new releases on Netflix in March 2016. Let’s roll in…If you are a Doctor Who fan, there’s still no news regarding its renewal on Netflix. But, there’s no need to worry. A handful of Netflix Original series are coming to Netflix in March to keep you occupied throughout the month.If you’ve been waiting for the fourth season of House of Cards, you need to get in mood now. The new season of the show will hit Netflix on March 4 and I’m eagerly waiting to see Frank Underwood get back in action.Netflix is a home to several comedy flicks and this time several up-and-coming comedians are set to feature in another Netflix original named Netflix Presents: The Characters. The show will feature eight new comedy artists who star in their 30 minute show. It’ll hit Netflix on March 11. Similarly, another Netflix comedy show coming to Netflix in March is The Flaked featuring Will Ferret. Jimmy Carr will also featuring on Netflix in March with his comedy show starting March 18.And, the highlight of the month? Well, it’s the second season of Marvel’s Daredevil. Chronicling the story of a comic character of the same name, it’s one of the most followed shows on TV.A complete list of new titles coming to Netflix in March is still in process of its release. A new Netflix documentary entitled My Beautiful Broken Brain is what you’d not want to miss. Portraying 34-year-old Lotje Sodderland and her battle with hemorrhagic stroke, the documentary is a must watch.Another Netflix new release in March 2016 is Pee-wee’s Big Holiday. Starring Reubens as Pee-wee Herman and Tara Buck, the movie is slated to release on March 18.Check out the complete list of Netflix new releases in March 2016 here:March 1Adult Beginners (2015)Ahora o Nunca (2015)Aldnoah.Zero: Season 2American Pie Presents: Beta House (2007)American Pie Presents: The Naked Mile (2006)Before We Go (2015)Blue Mountain State: The Rise of Thadland (2016)El Desconocido (2015)Fresh Meat: Series 2Frog Kingdom (2013)Good Burger (1997)Groundhog Day (1993)Heaven Knows What (2015)Hot Sugar’s Cold World (2015)Midsomer Murders: Series 17Narcopolis (2015)Road Trip: Beer Pong (2009)Robin Hood: Prince of Thieves (1991)Scarface (1983)Star Trek: The Motion Picture (1979)Star Trek II: The Wrath of Khan (1982)The Young Kieslowski (2014)March 2For Grace (2015)March 4House of Cards: Season 4 (2016)Lab Rats: Season 4Lego Friends: The Power of Friendship (2016)Lego: Bionicle: The Journey to One: Season 1 (2016)Louie: Season 5March 7Cuckoo: Seasons 1-2Halo: The Fall of ReachSin Filtro (2016)March 8Digimon Fusion: Season 2March 9The Returned: Season 1March 10Comedy Bang! Bang!: Season 4, part 3Hateship Loveship (2013)March 11Dinotrux: Season 2Flaked: Season 1Netflix Presents: The Characters: Season 1Popples: Season 2March 12Shelter (2015)March 1510,000 Saints (2015)4GOT10 (2015)The Falling (2015)Final Girl (2015)Finders Keepers (2015)Power Rangers Dino Charge: Season 1, part 2War Pigs (2015)March 16Are You Here (2014)Charlie St. Cloud (2010)Gridiron Gang (2006)Happy Valley: Season 2Larry Crowne (2011)Promised Land (2012)March 18He Never Died (2015)Jimmy Carr: Funny Business (2016)Marvel’s Daredevil: Season 2The Mr. Peabody and Sherman Show: Season 2My Beautiful Broken Brain (2016)Pee-wee’s Big Holiday (2016)March 22The Art of Organized Noize (2016)The Ouija Experiment 2: Theatre of Death (2015)March 24The Forbidden Kingdom (2008)A Promise (2013)March 25Trailer Park Boys: Season 10March 31Bachelor Party 2: The Last Temptation (2007)Fright Night 2 (2013)Murder Rap: Inside the Biggie and Tupac Murders (2015)Sunshine Superman (2015)Yu-Gi-Oh! Bonds Beyond Time (2011)Yu-Gi-Oh! Zexal: Seasons 1-2This is only the preliminary list of new releases on Netflix in March 2016. We’ll keep you updated with other TV shows, documentaries and movies coming to Netflix in March once we get other details. Please enter your comment! TAGSHouse of CardsMarchnetflix Previous articleThe Future Florida Hospital – ApopkaNext articleUnlocked Car Burglaries Continue – APD Steps-Up Awareness Denise Connell RELATED ARTICLESMORE FROM AUTHOR Support conservation and fish with NEW Florida specialty license plate LEAVE A REPLY Cancel reply You have entered an incorrect email address! Please enter your email address here Share on Facebook Tweet on Twitter The Anatomy of Fear Save my name, email, and website in this browser for the next time I comment.
By News Highland – October 24, 2011 Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook Gardai liaise with PSNI after body is found in Greencastle Pinterest Pinterest Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published Newsx Adverts Twitter Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+ Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApp Three factors driving Donegal housing market – Robinson Facebook RELATED ARTICLESMORE FROM AUTHOR Previous articleGardai renew information appeal folllowing weekend ATM theftsNext articleDonegal County Council Boston trade trip could cost €10,000 News Highland Gardai have confirmed a body has been found washed up at Greencastle. The body was found on the shore just after 9 o’clock this morning.Arrangements are being made for a post mortem examination, but gardai are not treating the man’s death as suspicious.Gardai say the man has not been formally identified, but they are currently liaising with the PSNI in Derry. WhatsApp
News UpdatesDU Exams: Delhi HC Directs DU To Clarify Its Stance On Comparative Grading System For Undergraduate Students Karan Tripathi9 Sep 2020 6:33 AMShare This – xThe Delhi High Court on Wednesday directed the Dean of Examinations of the Delhi University to clarify the University’s stance on the comparative grading system for evaluating the final year undergraduate students. The Division Bench of Justice Hima Kohli and Justice Subramonium Prasad has further directed the University to collate the information on how many students are seeking…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Delhi High Court on Wednesday directed the Dean of Examinations of the Delhi University to clarify the University’s stance on the comparative grading system for evaluating the final year undergraduate students. The Division Bench of Justice Hima Kohli and Justice Subramonium Prasad has further directed the University to collate the information on how many students are seeking early declaration of results on account of pursuing graduate programmes at foreign universities. The order has come in an application moved by a student of Campus Law Centre, Delhi University, seeking early declaration of her LL.B. results in order to secure her LL.M seat at the University of Cambridge. The acting Dean of Exams informed the court today the University is willing to offer ‘comfort letters’ to all such students who are facing difficulty in securing admissions in foreign universities due to delay in declaration of results. The court was also informed by Senior Advocate BB Gupta, who’s also a member of the court constituted the Grievance Redressal Committee, that results can be declared on priority basis in a confidential manner for students who are seeking admissions abroad. Mr Gupta also informed the court that there’s some confusion regarding the evaluation system of the University. There’s a lack of clarity as to whether the University follows a cumulative system of grade evaluation or the comparative system. The court was of the opinion that if the University doesn’t follow the comparative grading system for evaluating undergraduate courses, then there should be no reason for denying priority results in a confidential manner for students seeking admissions abroad. Senior Advocate Saurav Datta, who appeared for the Delhi University, also suggested that the University shall identify the number of students who are seeking priority declaration of results, and the streams these students belong to, so that the courses having maximum number of students seeking comfort letters can get priority for declaration of results. In light of these submissions, the court directed the Dean of Exams to collate information on the total number of students seeking comfort letters, and the courses they are enrolled in, and submit a status report before the next date of hearing. The court will next take up this matter on September 11. Next Story
This paper is the fourth monograph in a series that describes the global records of limno-terrestrial water bears (Tardigrada). Here, we provide a comprehensive list of non-marine tardigrades recorded from Africa, providing an updated and revised taxonomy accompanied by geographic co-ordinates, habitat, and biogeographic comments. It is hoped this work will serve as a reference point and background for further zoogeographical and taxonomical studies