Mulberry profits from overseas growth

first_imgFriday 21 January 2011 3:04 am John Dunne Show Comments ▼ whatsapp Mulberry has seen profits rise as the luxury goods sector continues to bounce back.Pre-tax profit was £4.7m in the six months to 30 September, compared with £1.5m a year earlier.Mulberry said higher sales meant there was little end of summer season stock left to be sold at reduced prices, which maintained its profit margins.It said it was “very positive” about the second half of its financial year.Mulberry’s total revenues for the six months rose 38 per cent to £44.7m.The company also expanded its international operation during the period. It added new stores in Hong Kong, South Korea, Qatar and the United Arab Emirates. More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Mulberry profits from overseas growth whatsapp Share Tags: NULLlast_img read more

Nord Gold plans to raise £1bn in IPO

first_img whatsapp whatsapp Show Comments ▼ Thursday 27 January 2011 8:49 pm Nord Gold plans to raise £1bn in IPO Tags: NULL Share KCS-content 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.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads RUSSIAN mining group Severstal’s gold unit Nord Gold is seeking up to £933m from a London float, that would see the firm valued at up to £2bn.The conglomerate announced it would spin out its mining arm, a gold producer focussed on emerging markets, earlier this month.Nord Gold is expected to begin trading in mid-February. The company plans to sell of 113.1m new shares and 94.9m existing shares at between 300p and 390p.The listing of at least 25 per cent of the Russian gold miner is set to be the biggest mining float since Nate Rothschild’s $1bn (£628m) offering of investment shell Vallar last year.Nord Gold has operations in Kazakhstan, Russia and West Africa, with eight producing mines, two development projects as well as five advanced exploration endeavours. Severstal intends to use the net proceeds from the initial public offering share issue to repay debts and to fund its growth strategy via exploration and acquisitions. Gold firms are in vogue as the precious metal is seen as a safe haven by investors.MORGAN STANLEYMORGAN Stanley is sole sponsor of the Nord Gold float, with Credit Suisse, Russian bank Troika Dialog and Morgan Stanley acting as joint bookrunners. Cannacord Genuity is acting as co-manager.Morgan Stanley’s co-head of investment banking in Russia, Gergely Voros, and executive director Vladimir Samarin head the team.Voros has been with Morgan Stanley’s London office since 1998, taking up his new role in April 2010. Before MS, he worked in Munich as a consultant for Boston Consulting Group and gained an MBA from Harvard Business School.Voros has been involved in numerous capital raisings including the partial float of Russia’s state-owned Rosneft (currently in the headlines for its joint venture with BP), Vimetco and ENRC. Samarin worked for Bank of America, McDonald Investments and the Barrington Consulting Group before joining Morgan Stanley.At Credit Suisse, Nicholas Koemtzopoulos, Laurent Charbonnier and Chris Byrne lead the team.Charbonnier joined the bank in 2008 from UBS, and is a director on the metals and mining team.Koemtzopoulos is responsible for equity capital markets in Russia and central and eastern Europe. last_img read more

UK consumer morale stuck in depression

first_img whatsapp whatsapp KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org BRITAIN’S slump in consumer confidence has continued into February, according to a survey commissioned for the European Union, released today.The GfK NOP index rose by one point compared to January yet, at a score of -28, remains 14 points below where the index stood this time last year.“Overall confidence remains low and, although it has not reached the depths of two years ago, it is 10 points down on six months ago,” said Nick Moon of GfK NOP Social Research.The index’s headline figure had floated around the -20 mark for the second half of 2010, yet plummeted to -29 in January.Consumers in the UK are being squeezed by a combination of low wage growth and rising inflation.Consumer price index inflation hit four per cent in January — twice the Bank of England’s target rate – and is tipped to reach five per cent in the early months of this year.However, there was a positive move in the survey’s recording of personal finance situations.Respondents indicated a small improvement in personal finances over the past twelve months, and expected improvements over the coming twelve months.Both measures increased by two points, with the index scores rising to -16 and -10 respectively.Questioned on whether the current time is a good climate to make major purchases, consumers provided some hope to the British retail sector, delivering a four point uptick in the index.However, the measure of appetite for major purchases remains low at -25, which is nine points below its level in February last year of -16.Meanwhile, Britons continue to consider this a bad time to save, with the “savings index” plummeting six points to -11, five points lower than the same time last year.Confidence in the economic outlook remains notably weak, with the survey reporting a further point drop in the “general economic situation over the next 12 months.”On this variable the index score fell to -31, considerably below its positive score of plus four points, recorded in February 2010. UK consumer morale stuck in depression center_img Share Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndo Thursday 24 February 2011 8:40 pm Tags: NULLlast_img read more

Upturn in US consumer credit

first_img Tags: NULL More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Share whatsapp KCS-content Upturn in US consumer credit American consumers have increased their debt levels for four straight months, the Federal Reserve revealed last night. Total debt rose $5bn (£3.1bn) in January to $2.412 trillion. center_img whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe 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 TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Monday 7 March 2011 8:30 pmlast_img read more

London still at top for metal trade

first_imgTuesday 8 March 2011 8:53 pm LONDON led the way last year as the top exchange centre for trading of non-ferrous metals, with a 90 per cent share of the record 120.3m contracts turned over. Overall, exchange trading of commodities such as gold and silver surged by 20 per cent in 2010 as their popularity as well as the ease of investing in them increased, according to data from financial membership body TheCityUK.In total commodity assets under management have now nearly doubled to $380bn (£235.1bn) at the end of the year, with the bulk invested in energy and precious metals. The value of global gold turnover increased by a quarter in 2010 to a record $25.1 trillion, while silver trading increased by 57 per cent to a record $3.2 trillion, as fears over the strength of the economic recovery saw a surge of interest in the perceived safe-haven appeal of precious metals. Daily reported net trading in gold on the London Bullion Market Association averaged $22.5bn in 2010, up 12 per cent on 2009. 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’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’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Tags: NULL Share KCS-content center_img whatsapp London still at top for metal trade Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTruthfinderEnter Your Name, Wait 105 Seconds, Here’s What Your Friends Can Know About YouTruthfinderUpWellNess30 Second Method to Near-Instant Relief from “Bone on Bone” Joint PainUpWellNessWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoamzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comDefinitionReal Archived Photos Of Famous Historical FiguresDefinitionStuff AnsweredBest Meal Delivery for SeniorsStuff Answeredlast_img read more

Standard Life profit rises 7pc

first_img Show Comments ▼ Standard Life profit rises 7pc More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com whatsapp Thursday 10 March 2011 2:47 am Sharecenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Genius John Dunne Standard Life reported a seven per cent increase in its 2010 profit, wrong-footing expectations of a decline, and said it had made a strong start to 2011.The Edinburgh-based life insurer made an operating profit of £425m up from £399m the previous year.Analysts had expected a profit of £355m, according to a consensus forecast calculated by the company.The 186-year old former mutual has moved away from traditional insurance policies in favour of less capital-intensive savings products since ditching its customer-owned status and listing on the stock market in 2006.Standard Life has also been at the forefront of an industry drive to cut costs by halting commission payments to middlemen, pre-empting new regulations that come into force in the UK in 2012.The company is paying a dividend for 2010 of 13 pence, an increase of 6.2 per cent. Tags: NULLlast_img read more

Big Society role for Co-op

first_imgMonday 28 March 2011 1:05 am Tags: NULL Big Society role for Co-op whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org 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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsTaonga: 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 Share DAVID Anderson, former chief executive of Co-operative Financial Services, is to head up a non-profit organisation that will provide a major source of funding for David Cameron’s Big Society Bank, City A.M. can reveal.The Reclaim Fund, which will manage up to £400m in assets from “dormant” bank accounts that have not been accessed for 15 years, is to be established this week as a subsidiary of the Co-op, with Anderson as chairman. Paul Mills, a business leader at the Co-op, will be executive director in charge of administrating the fund, which is expected to channel £100m to the Big Lottery Fund in its first year.The Big Lottery will in turn fund the Big Society Bank, with banks signed up to the government’s Merlin deal providing another £200m in funds. Show Comments ▼ whatsapp last_img read more

Sony reeling after hackers steal details of up to 75m PlayStation customers

first_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com EMBATTLED Sony was yesterday facing a consumer backlash after it emerged hackers have gained access to the personal details of more than 70m PlayStation users.The breach, which Sony says could include credit card details and addresses, is one of the largest of its kind.Sony pulled the plug on its PlayStation Network on 20 April after an attack in the preceeding days. It was still offline yesterday.Furious gamers are now threatening to boycott the firm, which is already reeling from the earthquake that caused chaos in Japan.Sony has warned members of the PlayStation network to keep an eye on their bank accounts over the coming weeks and advised them to change their passwords and user IDs.A security breach last month at Epsilon Data Management gave hackers access to customer information from banks including JP Morgan and Citigroup.Earlier this week Sony announced it will attempt to break into the tablet market with two new devices due out later this year. Tags: NULL Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastHero WarsThis game will keep you up all night!Hero WarsLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsGundry MD Total Restore SupplementWhat Rice Does to the Human BodyGundry MD Total Restore SupplementFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPail whatsapp Sharecenter_img Wednesday 27 April 2011 8:12 pm Sony reeling after hackers steal details of up to 75m PlayStation customers whatsapp KCS-content last_img read more

Parimatch kicks on through international UFC deal

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 12th July 2018 | By contenteditor Parimatch kicks on through international UFC deal Parimatch has targeted a huge rise in its takings from UFC after announcing an international partnership with the mixed martial arts organisation.Parimatch, a leading operator in Russia and the CIS region with around 1.7 million users, has become the official UFC Betting Partner for the entire EMEA region, except for the UK and Ireland.The deal comes just ahead of the first ever UFC event in Russia, which will take place at Moscow’s Olympic Stadium in September, with Parimatch as an ‘introducing partner’.The company told iGamingBusiness.com that around 5% of its customers currently bet on UFC, but it wants to increase that to 10% within the year thanks to the activation of the partnership and related promotional activities.CEO Sergey Portnov (pictured with UFC president Dana White) identified growth in mixed martial arts as the “No.1 priority for the company”.He told iGamingBusiness.com: “UFC is the fastest growing kind of sports in the world after, I guess, cyber-sports. Everybody understands it’s a trend. “Parimatch is a trend company, and is aiming to become a leading company. When such an organisation like UFC enters the CIS market, we would like to be associated with the brand. We were the first to understand that UFC will need a partner and have built our partnership relations.”Cyprus-headquartered Parimatch is already a sponsor of Ukraine’s national football team and partner of Ukrainian Premier League champion Shakhtar Donetsk, Russian Premier League side FC Rostov and Cypriot title-holder APOEL. It also holds partnerships with major hockey and basketball leagues in Ukraine. iGamingBusiness.com understands that esports team Virtus.pro will also soon be added to its portfolio.As part of its partnership with UFC, Parimatch explained that its logo will be incorporated into athletes’ apparel and be displayed in the octagon and on the UFC.com website. Parimatch believes it can play a major role in building UFC’s presence in its own home region.“This partnership is strategic and long-term. We aim to fix the MMA category for ourselves,” Portnov added.“Passion drives our company, and we are ready to build a close and robust relationship with UFC and help them to develop this market. We are prepared to accustom the audience to such a great sport as MMA.” Regions: Europe Central and Eastern Europe Russia Topics: Marketing & affiliates Sports bettingcenter_img Marketing & affiliates Company wants to double MMA contribution after signing partnership Subscribe to the iGaming newsletter Email Addresslast_img read more

Penn selects IGT for Pennsylvania online launch

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US Penn selects IGT for Pennsylvania online launch Penn National is targeting a Q1 launch for its online gaming platform in Pennsylvania after choosing IGT’s PlayDigital as its tech partner.The Penn Online Entertainment division has signed a five-year deal by which its brand HollywoodCasino.com will be powered by PlayDigital’s full suite of digital gaming products, including the platform, and services.IGT’s digital gaming platform, PlayCommand, will enable online gaming for Penn National’s Pennsylvania-based customers via HollywoodCasino.com. Penn National will also leverage IGT’s PlayCasino, PlayBingo and PlayPoker online solutions.IGT’s latest win comes after it was recently appointed to power FanDuel’s platform in New Jersey.Enrico Drago, senior vice-president for PlayDigital at IGT, said: “The newly regulated Pennsylvania online gaming market presents an exciting opportunity for IGT to extend the success of our PlayCommand platform and PlayCasino to Penn National as it expands the scope of its entertainment offering.”Penn National was the first operator to apply for a license for Pennsylvania sports betting and has now been approved to conduct sports betting and online gambling. It is thought sports betting could soon be allowed, but online gambling may not be legal until early 2019. The Penn-IGT announcement came just hours after NetEnt revealed it had signed up Penn as its first partner in Pennsylvania. In a statement, Chris Sheffield, senior vice-president at Penn, said the group is determined that its online offering should be of the same standards it expects in its venues.He said: “The flexibility and reliability of the PlayCommand platform, coupled with the proven game library within IGT’s PlayCasino, give us confidence that HollywoodCasino.com will deliver the same calibre of world-class gaming entertainment that our players have come to love in our land-based casinos.”Image: Santeri Viinamäki Tech & innovation 26th October 2018 | By contenteditor PlayDigital will power operator’s HollywoodCasino.com digital brand Tags: Online Gambling Topics: Tech & innovation Subscribe to the iGaming newsletter Email Addresslast_img read more