UK drives Stars Group growth despite international ‘disruptions’

first_img Publishing its results for the fourth quarter and year ended December 31 2019, Toronto TSX-listed The Stars Group Inc has lauded strong growth across its UK division despite international betting revenue falling by 8.3% for the year. Stars Group revealed that its new UK and Australian divisions delivered growth in the year, which was ‘largely driven by strong underlying trends in customer activity and revenues across those segments’. In the UK, The Stars Group reported an ‘all-time high’ in quarterly revenues, with adjusted EBITDA seeing a growth of 41.1% from $73.96m in 2018 up to $104.3m in 2019. For the full year, these figures saw a 217.9% increase, jumping from $102.7m up to $324.6m. Operating income in the UK has also risen over the year by 660.1%, increasing from $102.1m in 2018 to $324.6 in 2019, while overall revenues for the full year grew from $394.1m in 2018 to $946.7m.The Stars Group’s acquisition of Sky Betting & Gaming and BetEasy earlier this year was clearly a key factor in the company’s growth for the year, with online sports betting now responsible for 39.1% of the operator group’s revenues – up from 34.3% in 2018. “With sports betting now our largest product vertical and 81% of our revenues coming from locally regulated or taxed markets, we are well positioned for diversified growth in 2020 and beyond,” said Rafi Ashkenazi, The Stars Group’s Chief Executive Officer. “We entered 2020 with the full $100 million run-rate of expected cost synergies from our 2018 Sky Betting & Gaming acquisition and earlier this month prepaid an additional $100 million of debt, underpinning our ability to execute on complex integrations and the highly cash-generative nature of our business model.”Adjusted EBITDA across the group saw a 17.9% growth for the year, up from $239.4m in 2018 up to $249.1m in 2019. Meanwhile net earnings saw a 156.8% increase on the year, growing from a loss of $108.9m in 2018, to $61.9m in 2019.Internationally, The Stars Group saw an overall drop in revenues for Q4, which was ‘primarily as a result of adverse foreign exchange fluctuations and continued disruptions and regulatory headwinds in certain markets’.While the operator group highlighted that these disruptions were largely in ‘lower-priority markets’, revenues for the quarter were 29% lower year-over-year, with improvements in some markets primarily offset by the closure of PokerStars in Switzerland in July 2019. Ashkenazi said: “In addition to cost synergies, we have detailed plans in place to continue driving revenue synergies and to increase investments in product and marketing, giving us confidence in continued revenue growth in the years ahead. “In 2020, we plan to further enhance the global appeal of the PokerStars brand, including by launching the PokerStars Sports brand, leveraging the operational capabilities of our Sky Betting & Gaming business, and launching television advertising for PokerStars Casino.“Lastly, ahead of closing our combination with Flutter, which will enhance and accelerate each company’s growth strategy, we remain focused on our key strategic priorities of integration, execution, and debt reduction.” PokerStars moves to refresh global appeal with ‘I’M IN’ August 18, 2020 StumbleUpon Share Related Articles Share Submit BlueRibbon signs strategic partnership with The Stars Group August 18, 2020 ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020last_img read more

Google To Developers: OK, You Can Still Have An Open Calendar API

first_imgreadwrite Tags:#APIs#developers#Google#now Hey, developers — Google is listening to you! This time, at least.In April, Google announced it would shut down CalDAV, an open standard application programming interface, or API, that developers used to access calendar data across the Web. A few big-name outfits — like, say, Microsoft — would retain access to CalDAV to keep their apps syncing with Google Calendar. All other developers were encouraged to use Google’s own Google Calendar API, a move ReadWrite’s Matt Asay decried as part of Google’s march away from open standards.Enough developers complained, however, that Google has done a U-turn and will not only keep CalDAV available to all developers, it will also provide access to CardDAV, a similar API for accessing contact information. Both APIs are also getting updates that enable OAuth 2.0 authentication and integration with the Google APIs Console.See? The ‘Plex really does care. Sometimes.Image courtesy of Shutterstock. 7 Types of Video that will Make a Massive Impac… Growing Phone Scams: 5 Tips To Avoidcenter_img Related Posts Why You Love Online Quizzes How to Write a Welcome Email to New Employees?last_img read more

La Salle outguns NU for 2-0 start

first_imgPhoto by Tristan Tamayo/INQUIRER.netLa Salle overcame a gutsy stand by National University to win, 115-109, in the UAAP Season 80 men’s basketball tournament Saturday at Smart Araneta Coliseum.ADVERTISEMENT Read Next Ricci Rivero finished with a team-high 21 points, nine coming in the fourth, to go along with seven rebounds to lead La Salle while Aljun Melecio orchestrated the offense putting up 20 points and eight assists.Jolo Go also provided added firepower for the Green Archers with 19 points in just 13 minutes of play.Rookie Jordan Bartlett led the Bulldogs (1-1) with 23 points.ADVERTISEMENT Brace for potentially devastating typhoon approaching PH – NDRRMC Don’t miss out on the latest news and information. Nonong Araneta re-elected as PFF president Trending Articles PLAY LIST 00:50Trending Articles02:36Archers, Eagles favorites to win UAAP Season 8002:34UAAP SEASON 80 PREVIEW: DLSU GREEN ARCHERS01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Fire hits houses in Mandaluyong City Adamson soars to third win, dumps TIP MOST READ View comments For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Frontrow holds fun run to raise funds for young cancer patients  LATEST STORIES BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight E.T. returns to earth, reunites with grown-up Elliott in new ad  WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Aljun Melecio split his free throws while Santi Santillan made a pair of freebies inside the final 20 seconds as the Green Archers, who are still without reigning MVP Ben Mbala, held on for the second straight game.Matt Salem could’ve kept his team in it, but his 3-pointer went in and out as La Salle kept a 113-109 lead with 11.2 seconds left.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“That was a good game for us, we showed a lot of tenacity, we were resilient, the composure was there, and we were able to execute our plays,” said DLSU head coach Aldin Ayo as his team improved to 2-0.The Green Archers had 22 assists, including a dish by Ricci Rivero to his older brother Prince underneath to give the Green Archers a 112-107 buffer with 25.3 ticks remaining. last_img read more

‘If cricket fans want to behave like animals, then it is time to strengthen the cages’

first_imgCricket fans turning wickedAs cricket grounds in India become staging posts for displays of collective stupidity and viciousness, it is easy to wish the Indian cricket fan away. To wish that Bertolt Brecht’s immortal suggestion- “Abolish the people and elect a new one” -could, for once, actually work.Crowd disruptions in,Cricket fans turning wickedAs cricket grounds in India become staging posts for displays of collective stupidity and viciousness, it is easy to wish the Indian cricket fan away. To wish that Bertolt Brecht’s immortal suggestion- “Abolish the people and elect a new one” -could, for once, actually work.Crowd disruptions in the first three one-dayers of the India-West Indies series have been met with horror and outrage. As if any of this was new. It has happened before at grounds far more distinguished than Jamshedpur, Nagpur or Rajkot and has been ignored season after season.The West Indians were subject to racist abuse in Mumbai; when India slid to defeat in the 1996 World Cup semi-final, the Eden Gardens crowd set the stands on fire; three years later the same ground was emptied of people to allow an India-Pakistan Test to finish after a controversial umpiring decision; fans leaving the Chinnaswamy Stadium in Bangalore smashed the windows of Imran Khan’s car after India beat Pakistan in the 1996 World Cup; in Ahmedabad trouble regularly starts from the stand above the pavilion, the home of the world’s worst-behaved club-house audience.Sporadic, scattered irritation has turned into a full-blown virus that now travels across the country because the symptoms were attended to briefly, never the disease.The ICC wants to administer the bitter medicine of banning venues and imposing stiff financial penalties and the BCCI wants to instal closed-circuit cameras and ban people from carrying in anything other than their tickets.While it’s impossible to invent an ignorance-or-intolerance-detector, the thug-proof cricket ground can be built: like they have in Mohali where a moat prevents pitch invasions or in Bangalore where a net is now flung over the audience.advertisementIf fans want to behave like animals, then it’s time to strengthen the cages. It is not dignified, but the alternative is to risk a full-blown riot-if 2,000-3,000 policemen cannot spot and stop a few potential bottle throwers in a stadium, then they would hardly be able to quell a genuine disturbance.BCCI’s harassed Secretary S.K. Nair says, “A public culture for appreciation of cricket has to be developed.” Hopefully, this will first begin with the board’s officials respecting a ticketholder’s right to his own numbered seat and access to clean food, water and toilets. At the moment, this is as certain as Ajit Agarkar’s line and length on any given day.When trouble flared, pundits on television condemned the “idiocy of the idiots” but this mess is their baby too. The late Mark Mascaren has once explained the formula behind covering cricket matches: “In India we spend much more time on the crowd because they are so animated, so colourful. If you try this Indian type of coverage in England, it won’t go down very well.”But does TV focus on the crowd because it is colourful and animated or is the crowd colourful and animated because cameras spend so much time focusing on it? Does the dog wag the tail or the tail wag the dog?The spectator is no longer just a witness-he has, thanks to “Indian-type” coverage, been turned into an element of the spectacle himself. Series are routinely promoted on TV as “Qayamat” (Dooms-day), “Sarfarosh” (Willing Martyr) and “Badla” (Revenge); so when India begins to lose, any wonder then that the man spoon-fed on that uneducated hype believes “qayamat” has arrived early and maybe he had better try his own hand at “badla”?Television has enriched cricket, enriched the cricket-watcher’s life but its tone is now too strident, its sense of proportion replaced by grandmothers batting with sticks of rhubarb and one-legged men in bum-kicking competitions.Television has virtually taught the game to millions of Indians; now it is time to teach them some of its graces too. Finally, it is down to the individual fan at every cricket ground who watches silently as the yob goes to work.Indian cricket is the sponsor’s golden goose, television’s favourite year-round entertainment show and the jingoist’s “national sentiment”. It can’t be totally free of these masters, but it must not be completely enslaved by them. It’s still only a game. It’s still our game. It’s still ours to reclaim.last_img read more

10 months agoLiverpool striker Mane avoids FA action after Lichtsteiner clash

first_imgAbout the authorPaul VegasShare the loveHave your say Liverpool striker Mane avoids FA action after Lichtsteiner clashby Paul Vegas10 months agoSend to a friendShare the loveLiverpool striker Sadio Mane has avoided action after grabbing Stephan Lichsteiner around the throat during victory over Arsenal.Mane put his hands around Lichtsteiner’s neck during the first half of Saturday’s 5-1 home win at Anfield.However, The Sun reports referee Michael Oliver saw the incident at the time and duly awarded a free-kick which means there will be no further action.The clash summed up a feisty, frustrating evening for the Gunners as they fell five points behind fourth-placed Chelsea.There was even a tunnel bust-up involving Arsenal defender Sokratis and Liverpool top scorer Mo Salah. last_img read more

a month ago​Champions League final was world’s biggest annual sporting event on social media

first_imgTagsPremiership NewsAbout the authorIan FerrisShare the loveHave your say ​Champions League final was world’s biggest annual sporting event on social mediaby Ian Ferrisa month agoSend to a friendShare the loveThis year’s all-English UEFA Champions League final has broken a record of over 1 billion social media interactions, cementing its place as the world’s biggest annual sporting event, reports and comparable data showed that the final of the world’s premier football club competition outperformed all other major events in 2019 by more than 30%, while according to the video optimisation and online video analytics company Conviva, “the UEFA Champions League final is now the biggest sports event ever on Instagram stories from a single account” with 177 million impressions. The stand-out figure of 1.09 billion social media interactions includes all engagements (likes, shares and comments) and video views, 110% up from the final a year ago. Interactions were tracked across all of UEFA’s social accounts as well as the official accounts of the participating teams, players and various media organisations around the world. Almost half – 486 million – of the interactions were generated from UEFA’s social media platforms, with the remaining 604 million coming from other sources. “For years, the UEFA Champions League final has been the biggest one-day sporting event in terms of the media coverage it gets, and the results from the Madrid final corroborate that this is also true on social media,” said UEFA marketing director Guy-Laurent Epstein.The UEFA Champions League competition itself – from group stage to semi-finals (1 September 2018 to 9 June 2019) – drew over 6.5 billion interactions originating from UEFA’s own social media channels, including 3 billion cross-platform video views. last_img read more

a month agoSheffield Utd manager Wilder leaps to defence of McGoldrick

first_imgAbout the authorPaul VegasShare the loveHave your say Sheffield Utd manager Wilder leaps to defence of McGoldrickby Paul Vegasa month agoSend to a friendShare the loveSheffield United manager Chris Wilder has leapt to the defence of David McGoldrick.The 31-year-old was criticised for his wastefulness in front of goal during last weekend’s loss to Southampton.He missed Saturday’s win over Sheffield United with a groin strain, and Wilder stuck up for the 31-year-old when speaking after the game.He said: “So what does he do? He has a finishing session on his own and then goes back out to have another finishing session, because he’s trying to improve his skills and get that aspect of his game out of his system. It was then, he tweaked his groin. “But that tells you what kind of boy he is. An international player. Any sort of negativity or criticism towards him is ridiculous, because he gives everything for this football club and is brilliant for us.”I think we’ve got to be careful as a football club, because of the results and the way we’ve played, that we don’t put too much pressure on our players.”A couple of things got flagged up to me (after losing to Southampton). This team, where they’ve come from, they don’t deserve 70 per cent report. They deserve 100 per cent support.” last_img read more

a month agoCrouch: Spurs just suffering blip

first_imgCrouch: Spurs just suffering blipby Paul Vegasa month agoSend to a friendShare the loveFormer Tottenham striker Peter Crouch insists their poor start to the season is just a “blip”.He wrote for the Daily Mail: “(Mauricio) Pochettino is the best thing that has happened to Tottenham in 20 years. I say that as someone who was at the club in the late 1990s and, again, 10 years later when Harry Redknapp took charge: I’ve seen good and bad times first hand and I know what I’m seeing now.”This is a blip, nothing more. I was at Leicester seven days ago and I didn’t see too much wrong with their performance. “They should, really, have won that game and I will argue with anyone who thinks VAR was brought in to decide offside calls like the one which went against Son Heung-min.” read more

100 Per Cent Case Disposal Rate at St. Catherine Parish Court

first_img Chief Justice, Bryan Sykes, is reporting a 100 per cent case disposal rate at the St. Catherine Parish Court. Story Highlights He noted that this is a significant improvement over the 81.2 per cent disposal rate in 2017.center_img Chief Justice, Bryan Sykes, is reporting a 100 per cent case disposal rate at the St. Catherine Parish Court.He noted that this is a significant improvement over the 81.2 per cent disposal rate in 2017.The Chief Justice, who was addressing a recent justice forum in the parish capital of Spanish Town, recently, credited the development to the leadership of the judges and the improve efficiency of staff at the court office.He noted, however, that hearing date certainty is at 78 per cent and requires a “change in culture and behaviour on the part of everyone in order to bring it to the required level.”He said that when cases are delayed, it causes witnesses to lose interest, noting that repeat visits also cause a financial burden.“The judges have to be prepared to begin the cases; the lawyers have to be prepared to begin the cases. When we do that, we create an environment of expectation where persons go to court and anticipate commencement of trials,” he argued.St. Catherine Parish Court is among the top three courts in Jamaica in terms of case disposal rates. It also has one of the highest loads of criminal cases.Turning to measures to address the backlog of cases before the courts, the Justice Minister said every year going forward for the next six years, every parish court has been charged to dispose of at least 135 cases, for every 100 new cases entering the system.The forum in Spanish Town brought together stakeholders in the justice and social services sectors to facilitate discussions on ways to best serve the legal and judicial needs of communities.To date, similar sessions have been held in six parishes.last_img read more

Aurora Cannabis buys stake in Liquor Stores NA plans cannabis stores

first_imgEDMONTON – Aurora Cannabis Inc. has signed a deal to buy a minority stake in Liquor Stores N.A. Ltd., which plans to launch a brand of marijuana retail outlets as Canada moves to legalize the drug for recreational use later this year.Under the deal, the Edmonton-based licensed marijuana producer will acquire a 19.9 per cent stake in the liquor store operator for $103.5 million through a non-brokered private placement.It will also have an ability to increase its interest in Liquor Stores up to 40 per cent with an additional investment.“This will allow us the speed to market that we were looking for,” said Aurora Cannabis’ chief corporate officer Cam Battley. “It allows us to begin converting stores very, very quickly so that we will be ready on day one.”Alberta, where Liquor Stores has a vast retail footprint, is among the provinces which will allow private retailers to sell recreational cannabis when it is legalized in Canada this summer. Provinces such as Ontario and Quebec, however, have tasked the provincial liquor boards to handle retail sales of marijuana for adult use.Liquor Stores, which operates 231 retail liquor stores in Western Canada and several U.S. states, plans to use the money to establish and launch a brand of cannabis retail outlets. The publicly-listed company has 178 locations in Alberta, 34 in British Columbia, and a presence in Alaska, Connecticut, New Jersey and Kentucky, according to Liquor Stores’ 2017 information circular.The retailer said Monday it will convert some of its existing stores into cannabis outlets and establish new locations.Liquor Stores will also use a portion of the money to strengthen its existing liquor retail brands by renovating its existing outlets and for general corporate purposes.Companies in this story: (TSX:ACB, TSX:LIQ)last_img read more