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Oracle to pay ex-HP chief Hurd up to $11m in salary and bonus

first_img Show Comments ▼ KCS-content Oracle to pay ex-HP chief Hurd up to $11m in salary and bonus ORACLE has offered its new co-president, former Hewlett-Packard chief Mark Hurd, a hiring package with a bonus of up to $10m (£6.5m) and options potentially worth tens of millions more.Oracle, the world’s third-larges software maker, named Hurd co-president on Monday, a month after he stepped down from HP because of a scandal involving expense reports and a female contractor.According to the offer letter, filed yesterday with the US Securities and Exchange Commission (SEC), Oracle is offering Hurd a starting annual base salary of $950,000 and a bonus of as much as $10m, plus options to purchase 10m Oracle common shares after the next board meeting.Fred Whittlesey, an executive compensation consultant with the Hay Group, said it was difficult to estimate the value of stock options. However, he said a “theoretical” estimate based on four years of service and Oracle’s shares reaching $30.60 would make Hurd’s hiring package worth about $72m, with $66m of that in options that vest over four years.Oracle shares closed at $24.14 on yesterday. Wednesday 8 September 2010 8:12 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com center_img whatsapp whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily 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 ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share Tags: NULLlast_img read more

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Redrow calls for state help on mortgages

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller 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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tags: NULL THE head of housebuilder Redrow called on the government to take action over the sickly first-time buyer market in a bid to revive overall sales, after reporting better-than-expected annual results.Steve Morgan, the founder of Redrow who returned in a boardroom coup last year, described state intervention as a “no-brainer” due to low mortgage availability thwarting new home sales.“I strongly urge the government to intervene by way of insurance indemnity schemes to enable lenders to provide 95 per cent mortgages to first time buyers, or at the very least, providing the first-time buyer a tax break,” said Morgan.Mortgage availability has remained depressed since the credit crisis, meaning that first-time buyers typically need a deposit of 20 per cent, from an average six per cent before the crisis, he added.House price growth and mortgage lending has stalled in recent months, leading to renewed fears of an economic slowdown.“An insurance policy will cost the government next to nothing, this will stimulate the market and generate revenues, it will get the economy going… it will increase mobility and labour,” said Morgan.“It is actually a no-brainer to get the housing market back again,” added the housing industry veteran, who also runs Wolverhampton Wanderers football club.Morgan’s comments came as the company reported a full-year pretax profit of £700,000, against last year’s pre-tax loss from trading operations before exceptionals of £44.2m and a total pre-tax loss of £140.8m.Economic uncertainty from government spending cuts and tax increases have hit consumer confidence since the general election in May, and dented house sales. Now all eyes are on the key autumn trading period for signs of renewed interest.Morgan said sales in the first eight weeks of the financial year, including the first week of September, were down in single-figure percentages on last year. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan KCS-content Show Comments ▼center_img Share whatsapp whatsapp Thursday 9 September 2010 8:34 pm Redrow calls for state help on mortgages last_img read more

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BEST OF THE BROKERS

first_img whatsapp Show Comments ▼ Share MICHAEL PAGEMichael Page’s solid trading update outlined the benefits of both its diversity and position in a perm-led recovery, according to Numis. The broker continues to like the shares for a long-term view without further significant upgrades at this stage, it believes the shares will pause for breath and maintains a “hold” rating.MARKS & SPENCERUBS says that sales growth for Marks & Spencer in both divisions was better than expected and the exit rate was strong. The stock trades in line with the peer group despite better earnings momentum from sales, supply chain improvements and e-commerce growth, says the broker which gives the group a “buy” recommendation.HAYSJP Morgan Cazenove views the fall in Hays’ share price as a reflection more of the strong run into the trading update rather than as a result of more fundamental causes for concern. The broker remains “overweight” on the recruiter and views the first quarter trends as supportive as businesses are growing strongly. Tags: NULL BEST OF THE BROKERS KCS-content center_img Sunday 10 October 2010 10:55 pm More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com 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 whatsapplast_img read more

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Anglo Irish won’t meet investors

first_img KCS-content Anglo Irish won’t meet investors by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com whatsapp Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Sharecenter_img Tags: NULL Anglo Irish Bank has refused to meet its rebel bondholders despite a threat from one group which holds a stake big enough to stall parts of a €2bn (£1.75bn) debt exchange offered by the bank. Alan Dukes, chairman of Anglo Irish, reiterated the bank’s take-it-or-leave-it stance yesterday after several investors threatened to vote against the exchange. Some of the bank’s bondholders have complained about “unequal” treatment in the deal, which offers junior noteholders new government-guaranteed bonds worth 20 per cent of the face value of their current holdings. whatsapp Thursday 28 October 2010 9:22 pmlast_img read more

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ARM and IBM sign new alliance

first_img whatsapp ARM and IBM sign new alliance Share Tuesday 18 January 2011 7:20 pm Show Comments ▼ Tags: NULL 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap UK Chipmaker ARM will work with IBM on the next generation of microprocessors, the firm announced yesterday.It will work with the computing giant on a new range of low powered processors for mobile devices.The deal comes after ARM received a major boost from Microsoft at the Consumer Electronics Show earlier this month, with the US firm announcing ARM chips will be the basis for a new version of its Windows operating system.ARM has already cornered the market for mobile processors, storming ahead of more established rival Intel.IBM and ARM have collaborated since 2008 on a range of 32 nanometer (nm) and 48nm processors. The latest venture will focus on 14nm chips and will solidify ARM’s position as the market leader in mobile micro-processors by allowing extended battery life and better internet access.ARM shares rose 4.28 per cent in trading yesterday. KCS-content whatsapplast_img read more

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Carpetright in profit warning

first_imgTuesday 1 February 2011 8:46 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Carpetright in profit warning whatsapp Share Tags: NULLcenter_img KCS-content CARPETRIGHT, the UK’s biggest floor coverings retailer, yesterday warned on profits after a third-quarter sales slump, showing how a weak housing market, tax hikes and government cuts have hit consumer confidence.The retailer also said customers would face double-digit price rises this year due to the soaring cost of raw materials. “It is the first time in 22 years Carpetright’s been going that we have got really big inflation,” said chief executive Philip Harris. He said that wool prices had been soaring. whatsapp Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

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ANALYST VIEWS: IS RECOVERY ON THE CARDS FOR RAB CAPITAL?

first_img DUNCAN HALL | FINNCAPRAB’s assets under management are much reduced, and it’s a challenge to attract funds in the sub-£5m band. The strong hedge funds seem to be getting stronger right now, and the weaker ones are getting weaker. Smaller hedge funds might struggle to attract capital.JUSTIN URQUHART-STEWART | SEVENHedge funds go in and out of fashion, and since RAB is seen as high risk then it has suffered net outflows. In general there are a number of good hedge fund managers around, with a good track record, and the sector is by no means finished.GREG SMITH | FAT PROPHETSThe test of any fund is performance, and RAB hasn’t been up to scratch. Turning things around won’t be easy. While cost cutting has been beneficial, the bottom line is that if performance continues to be below par, the RAB will continue to suffer. But we’ve seen firms in similar situations come back. whatsapp KCS-content whatsapp Wednesday 16 March 2011 8:59 pm Tags: NULL Share Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org ANALYST VIEWS: IS RECOVERY ON THE CARDS FOR RAB CAPITAL? last_img read more

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Risk appetite spikes in 2011

first_img More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content RISK appetite at FTSE companies has hit its highest rate since a leading survey of chief financial officers began in 2007, it was revealed today.Four in ten (41 per cent) CFOs think this is a good time to take on greater risk on their firms’ balance sheets, according to a Deloitte survey – up from 32 per cent at the end of 2010, and just 25 per cent last autumn.However, CFOs remain downbeat about the UK’s economic prospects, with two thirds saying there’s a less than 50 per cent chance of inflation falling back to the Bank of England’s two per cent target.Only seven per cent of CFOs think there is a “very good chance” of inflation falling back down, as the Bank expects.While still optimistic about their companies’ prospects, CFOs are less confident than last year. Deloitte’s optimism balance fell to its lowest reading since the first quarter of 2009.“While corporate profits have rebounded strongly from their lows, high inflation and the prospect of higher interest rates may limit the scope for margin growth from here,” said Deloitte’s chief economist, Ian Stewart.Nonetheless, CFOs showed an appetite for adding leverage, raising gearing and there was a further increase in the proportion reporting a proposed hike in capital expenditure over the next 12 months.Analysts hope that a boost in capital expenditure could help offset weak consumer spending in the UK. Risk appetite spikes in 2011 whatsapp Sunday 10 April 2011 11:55 pm Tags: NULL Share Show Comments ▼ whatsapplast_img read more

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Meeting of minds

first_img Topics: Marketing & affiliates Sports betting Meeting of minds Marketing & affiliates Rather than tackling things alone, the best way to grab the opportunities thrown up by the great PASPA repeal is for European and US operators to get their heads together and collaborate. Joined-up thinking is the way to go, so forget going solo and partner up, says Sarah Robertson from Paysafe’s Income AccessWith change comes opportunity. No maxim better defines the US sports betting market following the Supreme Court’s repeal of PASPA in May this year. Signed into law in October 1992, PASPA’s fall gives way to an environment where excitement and analysis abound regarding forthcoming state legislation and strategic frameworks.As with previous regulatory shifts, stakeholders in US and European markets will increase their potential for success by working together on strategies and solutions that reflect each other’s needs. The list of potential areas for collaboration is extensive, and here are several of the most noteworthy.Affiliate marketing Affiliates have been important stakeholders in the growth of regulated online casino and poker in the US, but sports betting is a different prospect altogether. Fortunately, the level of expertise found in the European market is seasoned and well-situated to provide strategic insights for both long and short-term objectives.Making the most of regulated sports betting will require partnerships founded on shared knowledge and a willingness to assume leadership roles, guiding affiliates and positioning themselves for enduring success.As seen with casino and poker, clarifying and understanding the terms under which affiliates are able to operate within US markets can prove demanding but achievable.Having capably navigated evolving legislative frameworks when the US began reopening its doors to igaming, affiliate marketing has gradually established a presence within the market. US sportsbooks and affiliates hoping to leverage the channel for sports betting will need to rely on similar resourcefulness and expertise from stakeholders based overseas.According to iSpot.tv, DraftKings and FanDuel spent more than $300 million between them on TV ads in 2015. While daily fantasy sports (DFS) and sports betting are distinct products, it is notable that each brand scaled back their TV ad spend significantly the following year, cutting it by more than 90% from 2015 to 2016.While new entrants to the US market will spend millions advertising through traditional media, they should also consider digital tactics that can minimise such expenditures and increase ROI.This is where affiliates can integrate as part of a broader digital marketing strategy, given their potential for high acquisitions with smaller upfront costs.State-by-state marketing strategies According to Standard Media Index, NFL in-game advertising was down 1.2% in 2017, but it still resulted in $2.42 billion of revenue. This figure highlights the scope of the advertising environment within which new entrants to the US sports betting market will operate.The impact of legislation on traditional and digital marketing strategies will become clearer with each state that passes its own set of rules and regulations. Early outlooks are optimistic, including that of Evercore ISI analyst Anthony DiClemente who, in a note to investors following the PASPA ruling, estimated that sports betting could result in “$7bn incremental US ad spend in 2019”.It will be especially interesting to monitor the status of PPC advertising policies, the cost of related media buys, and the likely surge in App Store offerings, despite there still being tight restrictions on interstate sports betting.Given the autonomy enjoyed by individual states, this should provide an opportunity for local experts to provide support through knowledge of market trends and state policy. This knowledge can then be leveraged by European stakeholders already equipped with their own strategic tools and resources. Ensuring their effective deployment, however, requires a comprehensive plan of action.This is one of several areas where the existing sports betting market in Nevada will come into play. William Hill US, arguably the most influential name in Nevada sports betting, should inspire prospective entrants currently evaluating their priorities. These priorities will presumably include mobile app development, geo-targeting requirements and creating a symbiotic relationship between land-based and online properties.The greatest takeaway from William Hill’s success is the importance of preparation. It’s difficult to predict which states will permit single-event wagering in local casinos and which of those will also eventually accept online wagers. But it is crucial to prepare corresponding strategies in anticipation of such clarifications.Preserving integrity Many questions regarding post-PASPA marketing strategies will also be relevant while striving to build a positive image early on.Adhering to the guidelines that will serve as the foundation for the future of US sports betting must be a matter of policy from the outset, regardless of when individual states enter the market and, more importantly, when they go online.While the US market is accustomed to regulatory bodies such as the New Jersey Division of Gaming Enforcement (NJDGE) and Nevada Gaming Control Board (NGCB), Europe has more extensive experience with the kind of ecosystem into which the US now ventures.As is the case with marketing strategies, adapting to state-by-state legislation will benefit from the combined expertise of local lawmakers and stakeholders as well as European brands that have grown proficient at anticipating and responding to newly implemented regulations.Equally important to market perception will be buy-in from major North American sports leagues as well as the National Collegiate Athletic Association (NCAA). That buy-in seems inevitable, considering the NGCB’s reporting that Nevada sportsbooks accepted over $4.8 billion in wagers in 2017.The NCAA, which previously launched the campaign, will be subject to particularly close scrutiny. Between the Men’s Division I Basketball Tournament (aka March Madness) and college football games that already average over three million viewers in the regular season, the potential wagering figures are considerable.The importance of nurturing an image of transparency and honesty across all leagues is further emphasised by talk of integrity fees, which, somewhat controversially have been pushed by the NBA and MLB, and the possibility of state gaming commissions demanding accurate player injury reports.European stakeholders will be valuable partners in terms of establishing this image through their expertise with responsible gaming initiatives and developing productive relationships with league executives to address fraud and underage gambling.Technology’s influence Technology will also play an increasingly important role in maintaining the integrity of sports and sports betting in the US.Geo-targeting, payment processing and data collection are showing to be among the most urgent focus areas in the context of regulated sports betting, giving both established and start-up solutions providers the opportunity to carve out a larger place for themselves in the market.In May, immediately following the PASPA decision, the NCAA announced a 10-year data collection and distribution deal with London-based Genius Sports.That was followed by the June announcement that sports data company Sportradar had partnered with UK-based Sportech in a deal that will see the tandem provide commercial sports betting solutions to the US, including Sportradar’s trading and risk management services.When considering the post-PASPA role of online and mobile gaming, exact timelines are uncertain due to legislative proceedings. However, once applicable legislation is passed, that role should prove considerable.This will open the door for savvy providers of front-end and back-end solutions to rise to prominence and/or further solidify their leadership position.With Paddy Power Betfair reaching a deal to acquire FanDuel in May and DraftKings partnering with Atlantic City’s Resorts Casino in June – an announcement that was preceded by DraftKings hiring a head of sportsbook in February – the two DFS giants are guaranteed to have prominent roles in a regulated market.With regards to technology, each brand already successfully engages millions of Americans via its own mobile app. And not only have DraftKings and FanDuel been committed to augmenting their respective core products, each also offers a companion app that facilitates player research and keeping up to date with league news.These examples should be informative as individual states proceed with developing their own sports betting apps. While resulting products will likely be of varying quality, the cumulative insights from established European brands and US influencers with similar experience provide ample reason for optimism.Based on these key focuses, patience and pragmatism will need to form the foundation for most US states, at least at the outset.To increase the chance of success, this practicality will need to be further supported by partnering with European brands that can provide an added level of expertise and insight on how to build an ecosystem in which sports betting can thrive.Sarah Robertson is head of business development at Paysafe’s Income Access. The company’s technology powers the affiliate programmes of over 250 global gaming brands, while its in-house affiliate team manages close to 20 programmes in multiple markets, including the US and UK. She holds bachelor and graduate business degrees from Canada’s University of New Brunswick and McGill University. Joined-up thinking between European and US operators is the way to grab the opportunities thrown up by the PASPA repeal with both hands, writes Sarah Robertson AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img 3rd July 2018 | By Stephen Carter Tags: Online Gambling Subscribe to the iGaming newsletter Email Addresslast_img read more

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LiAC: Day 1 round-up

first_img Tags: Online Gambling Email Address Josephine Watson rounds up the conference highlights of day one from the Lisbon Affiliate Conference 19th October 2018 | By Stephen Carter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Josephine Watson rounds up the conference highlights of day one from the Lisbon Affiliate Conference, including the current state of play in the Portuguese affiliate market, the latest developments in influencer marketing and the outlook for sector M&A in 2019Portugal ripe for affiliate growth Kicking off the day with a presentation on Portuguese affiliate marketing, Tiago Almeida (pictured), CEO of Lisbon-based consultancy egamingservices.com, saw great opportunities as the country recovers from its recent financial difficulties.The average cost per acquisition (CPA) is currently around €60 according to Almeida, and while he recognised other European markets have more competitive rates, he believes the opportunity ahead lies in the stable regulatory landscape.With a new 25% flat rate tax for all products being developed as part of the government’s Budget plans for Fiscal 2019, he said: “The basic rules of the game are not going to change any time soon, so it’s an investment where you will see returns and break even.”The market isn’t however without risks for affiliates. Almeida warned against working with brands still using .com addresses in Portugal, citing statistics and personal experience of brands not paying up.A major benefit of tapping into the Portuguese market identified by Almeida is how it can potentially open doors to other Portuguese-speaking countries.Primary concerns here are legality and taxation, but Almeida explained it’s a win-win: “The current tax model doesn’t compensate (for international players) because the operator is paying tax based on turnover, and they’re not obligated to offer foreign traffic [under] Portuguese licences.”When asked about the challenges of having only eight major brands in legal operation in Portugal, Almeida had a positive outlook for the affiliate market: “What is curious about the Portuguese market is that there is space for everyone.“The number of active players is still less than one million, and we’re talking about a country that we know was very active in the .com market, so the potential is far higher.“Under the new tax model, more new operators will come in with very aggressive odds and bonuses.”Social media taking charge A panel in Room 2 provided further expert insights into the latest advances in social media through the lens of influencer marketing.Yitian Chen, MD at Helium Holdings, opened proceedings by explaining how influencers provided much more flexibility than traditional marketing channels.Tiz Gambacorta, co-founder of 8020research.com explained that the crucial way to unlock return of investment on these influencers is to go beyond simple endorsements with “wealthy, deep marketing strategy that relates to our target audiences’ core values.” By presenting a solution to audience needs and desires rather than just a product, the panel agreed this form of creative marketing is the way forward.Expanding upon this, Andre Root, CEO at Avantgarde Capital Partners said broadening beyond core audiences and influencers is crucial to a successful campaign. For instance, capturing a young, materialistic male audience with lifestyle or rap artist influencers.Chen and her fellow panellists felt that while Facebook had previously proven effective, Facebook’s tightening of its advertising guidelines and the growing momentum on Instagram had positioned the latter as the new front-runner for igaming influencer marketing.The future for M&A After a somewhat hectic H1 for M&A, the expert panel rounded up day one confirming a continued positive outlook for the market following a successful summer.In the face of new regulations shaping the industry, Michal Kopec, head of M&A at Better Collective said: “We’re not stopping with acquisitions, but we need to be more careful and prepare properly for that.”Marcus Teilman, President and CEO at NET Gaming Europe AB, sees sustainability as the solution for companies preparing for acquisition in this new, more regulated M&A landscape.  “Be your own business in a sustainable way, and that goes back to GDPR compliance, but also how you generate your traffic – don’t be too aggressive with your SEO, for example”, he said.Throughout the panel, the underlying focus was on preparedness in the face of all M&A challenges, especially when it came to due diligence processes.David Levy, head of M&A at XLMedia, explained that in his experience, the ideal process takes 30-45 days from start to end, depending on how well-prepared all parties are.Most important in M&A processes, however, is trust, which can prove difficult for largely unprotected affiliates.However, Levy said: “When we go into a due diligence process, we have every intention of buying a site because we don’t want to waste resources, so we’re generally closing out 85-90% of M&A deal processes.”center_img Topics: Finance Marketing & affiliates LiAC: Day 1 round-up Subscribe to the iGaming newsletter Financelast_img read more