PLAYBOY CLUB SET TO REOPEN IN LONDON

first_img PLAYBOY CLUB SET TO REOPEN IN LONDON whatsapp KCS-content More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Show Comments ▼ Share whatsapp EXCITING news for fans of the good life – Playboy, the iconic brand set up by Hugh Hefner, is reopening its private members club in London, over two decades after the original closed its doors at 45 Park Lane back in the Eighties.This time around Hef’s relocating to swanky new premises at Mayfair, and has leased a 17,000 square foot property spread over two floors in partnership with London Clubs International (LCI), owners of the Empire casino at Leicester Square and the Rendezvous on Old Park Lane.The new club is being designed by savvy architects Jestico and Whiles, and will house an upmarket restaurant, cocktail bar, casino, lounge and gentlemen’s barber shop when it opens next year.Joining will certainly cost you – LCI chief executive Michael Silberling isn’t disclosing the exact fee, but he says it’ll definitely be in the “upper quartile” of London’s league of private members clubs. But for fun and games, it’s going to be worth it, with the membership committee hoping to pull together a diverse group of individuals from all industries – showbiz, entertainment, finance and more – to frequent the club. And then, of course, there’ll be the requisite Playboy Bunnies on hand at all times, working in every role from waitresses and hostesses to croupiers in the casino…GIVEN THE WILLIESPrompted by the recent news that BlueBay Asset Management founders Hugh Willis and Mark Poole are set to make £81m each from their stake in the firm if the £963m sale to Royal Bank of Canada goes ahead, a reader writes in to reminisce about working with the pair in the good old days at Kleinwort Benson.“So nice to see how well they’ve done,” writes our source, who describes Poole as a “very clever trader and thoroughly decent chap” and Willis as a “truly great salesman”. Such a great salesman, apparently, that his colleagues on the testosterone-fuelled trading desk awarded him the cheeky nickname Hugh “Huge Willy” Willis…CRACKING SEND OFFA fond farewell this week to Chris Stallard, a City veteran of very long standing, who’s leaving the Square Mile after 40 years of sales trading.Stallard, known as “Stan”, spent 23 years of that time at Panmure Gordon and finished up at Ambrian – where a mischievous colleague tells me he’s renowned for snatching a quick snooze at his desk when the markets get too hectic (see above). Friends are welcome to his retirement drinks tomorrow evening at his regular haunt, the Old Doctor Butlers Head on Masons Avenue.DRINKING BUDDYWine lovers usually pay good money for expert advice on which vintages to pair with different foods, so Mayer Brown corporate lawyer William Charnley deserves a mention for one of the most informative Twitter feeds The Capitalist has seen in a while. Charnley, tweeting as @WC7, is a fount of knowledge on vino, updating the feed regularly with suggestions for fellow wine lovers.“Fish pie with Domaine Daniel Rion & Fils 1998 Echezeaux, classy and balanced,” he tweeted this week, while previous entries read along the same lines. “Troplong Mondot 1988, excellent with chicken pie,” he advises, or “Lobster omelette with Krug 1995, fantastic…” Next time you’re hosting a dinner party, you know who to turn to. Tuesday 19 October 2010 7:57 pm Tags: NULLlast_img read more

Enterprise Inns signals dividend return

first_img whatsapp Tags: NULL Enterprise Inns signals dividend return whatsapp John Dunne Share Britain’s biggest pubs group Enterprise Inns said it was confident of resuming dividend payments in the medium term after reporting full-year results in line with expectationsEnterprise, which has 6,820 pubs across Britain, made a pre-tax profit before exceptional items of £175M in the year to 30 September, down from £208m the year before.“We have delivered creditable results, hard won stability and genuine operational improvements in difficult circumstances,” said Chief Executive Ted Tuppen.“The economic environment is set to remain challenging and we do not underestimate the impact of the government’s austerity measures and fiscal tightening which will affect both our licensees and their customers,” he said. center_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap 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 TimesUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeUndoLiver HealthAdvertisement 1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndo Show Comments ▼ Tuesday 16 November 2010 3:20 amlast_img read more

The UK will pay for US net neutrality rules

first_img KCS-content whatsapp whatsapp Share Wednesday 22 December 2010 7:14 pm The UK will pay for US net neutrality rules THE US Federal Communications Commission (FCC) announced on Tuesday that it would enforce the controversial principle of net neutrality in the US. The issue of whether or not it has the legal mandate for this statement will no doubt bring on a multitude of lawsuits, as Republican federal communications commissioner Robert McDowell said over the weekend. But what, if anything, does this mean for the UK and the EU in general?Net neutrality is a confused term that means all internet traffic should be treated equally by internet service providers (ISP). That sounds like a good idea, but in practice ISPs use traffic management every day to ensure timely delivery of email to one customer and video streaming to another. Without traffic management, the internet as we know it today would suffer from greater congestion and issues with content delivery. Net neutrality attempts to regulate the internet, but by imposing limits on the way ISPs do business it risks making it harder to use.Both the EU and UK support a light touch approach to internet regulation. They believe transparency in both business offerings and practices will leave room for innovation and investment in next generation internet technology. That stance isn’t expected to change immediately, but the FCC’s announcement will inevitably influence decisions and discussions as the 2009 Telecom Directive is implemented next year for all EU member states.Meanwhile, US ISPs changing how they do business will impact the UK in a variety of ways. First, content creators like the BBC and ITV (which use many small production companies from London) won’t be able to strike deals with ISPs in the US because the FCC has banned ISPs from doing so to differentiate their content offerings. There is also now no guarantee that the BBC’s international iPlayer, due to launch next year, will not face programmes delivered with delays or severe buffering because all content will have to be treated the same.Major ISPs with an international presence in the UK and the EU will now have to invest in managing the FCC rules in the US. This will mean slower innovation, fewer jobs created and less investment in their international business, as ISPs review their internal processes and put more time and effort into achieving “neutrality”.Though this might sound grim, the good news is that the FCC hasn’t applied such strict measures to wireless broadband. So in the US we will see more investment in wireless broadband, the fruits of which will benefit their businesses in the UK and the EU as well.Dominique Lazanski is technology policy analyst for the Taxpayers’ Alliance Show Comments ▼ More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: NULLlast_img read more

Tribunals cost firms £8,500 each, says BCC

first_img Tribunals cost firms £8,500 each, says BCC EMPLOYERS face costs of thousands of pounds from spurious employment claims, the British Chambers of Commerce (BCC) claimed yesterday.Tribunals are “overwhelmingly weighted in favour of the employee,” causing companies to pay large settlements even for claims with no substance, the BCC’s report said.The average cost for an employer to defend themselves at tribunal is £8,500. However, the average settlement is £5,400, often making it cheaper for employers to settle.Three in four employers that settle say they have done so to reduce costs or because it is more convenient than lengthy legal procedures.“Currently, tribunals are too slow,” said Dr Adam Marshall of the BCC. “Ministers must commit to reducing the wait time for a first hearing — and making the system less of a barrier to business growth.”Statutory disciplinary and grievance procedures have provoked a culture change, encouraging litigious behaviour, according to employment lawyer Pam Loch of Loch Associates.Filing a complaint is as easy as completing an online form, she said. Unrepresented or badly informed employees often demand their “day in court” and procedures drag on as judges guide claimants through legal complexities – increasing legal costs to defendants. And hardly any companies are able to reclaim costs, despite winning cases, the BCC reported. The amount of cases in which reimbursement is paid is close to 0.15 per cent, they said.Judges could weed out spurious claims to stop wasted time and expenditure, and require claimants to lay down a deposit, Loch suggests. KCS-content Tags: NULL Show Comments ▼ Share whatsapp whatsapp Wednesday 5 January 2011 8:52 pm CASE STUDY 1A claim was brought against a national facilities management company for equal pay, breach of contract and holiday pay. As the claimant was unrepresented a case management hearing had to take place in person, incurring additional costs. A hearing was set for breach of contract, holiday pay and victimisation claims, with a separate hearing to consider the equal pay claim, as it had to be heard by specialist employment judges.Due to the nature of the equal pay claim the company felt it had to be defended, as settlement would send out the wrong signal to the workforce. The company knew this would incur substantial costs, as the claimant was known for submitting unfounded grievances and taking up management time with emails and letters.The claims were dismissed at the first hearing, but further case management discussions on the claimant’s conduct and two further hearings on the equal pay claim were held. The company’s costs were £20,000.CASE STUDY 2A successful small business dismissed an employee for stealing alcohol and underperforming. The employee was a female reporting to a male manager. She went off sick while suspended pending her hearing and altered her medical sick note. During this period she continued to work for another employer. The company dismissed her after following the ACAS Code, but she lodged an unfair dismissal and a sex discrimination claim. She also lodged a personal injury claim, claiming she could not work due to an injury she sustained, and complained to HMRC that she had not received any sick pay. Despite HMRC knowing she had amended the certificate it determined that as she had a certificate she should be paid. The employment judge took a different approach and withdrew her sex discrimination claim.The personal injury claim is ongoing. Though the defence of the other claims incurred thousands of pounds, the business concluded that settling the claim for less than the costs would send out a negative motivational message to staff.Source: Loch Associates last_img read more

LBO loans up on last year

first_imgTuesday 11 January 2011 9:10 pm Show Comments ▼ More From Our Partners Russell 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULL LOANS issued for leveraged buyouts (LBOs) reached a global volume of $89.3bn (£57.4bn) in 2010, indicating the first annual increase since before the downturn.The rise in volume could indicate the return of debt-financed buyouts of firms by investors, as the volume reached nearly five times the amount recorded in 2009 of $18.2bn – the first time a year-on-year increase has been recorded since 2007.The increase was boosted by deals in the US, where 64 per cent of volume was recorded, the highest proportion since 1996.Deals included IMS Health’s $2.3bn facility and Fifth Third Processing Solutions’ $2.0bn LBO loan.The most recent LBO loan recorded was a $600m facility to support the buyout of HealthCare Partners by Summit Partners.Bank of America Merrill Lynch topped the global LBO loan bookrunner ranking last year, winning 12.2 per cent of the market. Barclays Capital had 10.1 per cent market share whilst Deutsche Bank had 7.7 per cent. In Europe, two loans to support LBOs have been announced in January so far; the Blackstone led buyout of Mivisa Envases and the 3i Group buyout of Amor GmbH. Share 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldcenter_img KCS-content whatsapp LBO loans up on last year whatsapplast_img read more

A move back to houses aids Bellway sales

first_img A move back to houses aids Bellway sales Share Monday 7 February 2011 9:02 pm whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBecenter_img whatsapp RENEWED demand for traditional two-storey homes helped housebuilder Bellway post a 7.6 per cent rise in its average sale price yesterday. Bellway said in an update that it sold 2,332 properties in the six months to the end of January, a rise of 3.8 per cent on last year. The FTSE 250-listed firm has shifted its property mix away from flats in the past year, which has helped push its average property sale price to £168,000 at a time when property values have dipped. Around 65 per cent of Bellway customers currently buy more traditional homes, though finance director Alistair Leitch said this is likely to stabilise as a swathe of flats in East London start to sell in the run-up to the Olympics. Leitch said the overall pick-up in sales had potential to continue in 2011. “The early signs that we’ve had in January are encouraging,” he said.“Can we keep that momentum going through to Easter? … As long as we don’t have anything untoward happening to the UK economy or to the world political situation, then we should be okay,” Leitch said.Bellway shares rose 2.8 per cent to close at 657.5p yesterday. Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

China trade surplus drops

first_imgMonday 14 February 2011 3:39 am Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap John Dunne Share whatsapp Tags: NULL whatsapp China trade surplus drops China’s trade surplus fell to its lowest in nine months in January after imports surged, supporting the government’s case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.The trade surplus shrank to $6.5bn (£4.05bn) from $13.1bn in December, well short of forecasts for a $10.7bn gap.Global stocks and commodity prices climbed higher, with the surprisingly strong imports highlighting China’s massive appetite for raw materials and its solid export growth hinting at solidifying recoveries in the U.S. and European economies.In the past, a weaker surplus would have caused concern for the Chinese government, but it has been trying to shift the economy towards greater reliance on consumption and less on exports, in part to address critics who say that its success has come at the expense of other countries.It was the third consecutive month of a declining trade surplus, and though not enough to mark a definitive change, that streak provides an important symbolic lift to China before a G20 meeting this week of finance ministers from the world’s biggest developed and developing economies.China’s imports rose 51 per cent in January from a year earlier, blowing past market forecasts for a 28 per cent rise. Exports rose 37.7 per cent in January, topping expectations for a 22.4 per cent rise, the customs administration said. Show Comments ▼last_img read more

EU bank stress tests set to begin

first_imgWednesday 2 March 2011 8:42 pm EU bank stress tests set to begin whatsapp Share KCS-content European Union banking regulators agreed to begin so-called stress tests on the region’s banks yesterday but said that details of how the tests will work are still being discussed. The results of the tests will be published in June, the European Banking Authority, the new pan-EU banking regulator, said in a statement after a board meeting. The tests will examine how well Europe’s banks could withstand sharply higher loan losses, falling securities prices and other potential results of a sharp macroeconomic slowdown. Details of scenarios and which banks are being tested will be published on 18 March. Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel 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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Tags: NULLlast_img read more

William Hill recommits to doubling profits by 2023

first_img Regions: Europe US Tags: Card Rooms and Poker Online Gambling 1st March 2019 | By Joanne Christie Topics: Casino & games Finance Sports betting Poker William Hill reaffirmed its goal of doubling profits by 2023, despite reporting a £721m loss for 2018. Its strategy, first outlined at its capital markets day in November last year, is centred around three areas: driving digital growth in the UK and internationally; growing a business of scale in the US; and remodelling UK retail. William Hill reaffirmed its goal of doubling profits by 2023, despite reporting a £721m loss for 2018.Its strategy, first outlined at its capital markets day in November last year, is centred around three areas: driving digital growth in the UK and internationally; growing a business of scale in the US; and remodelling UK retail.“We have started delivering on our strategy with the expansion of our US business, being first out of the blocks in all states that have regulated sports betting, and with the acquisition of Mr Green, which will support the build-out of our international digital business,” said chief executive Philip Bowcock.At the capital markets day it said it was aiming to double online revenues, be the market leader across the US and maximise cash flows in retail while gaining two percentage points in market share.On the online front, its revenue grew 3% to £616.9m last year, although the company is optimistic about improving on this figure due to its acquisition of Mr Green and also a number of significant hires in the online division.It also outlined a strategy of moving towards lower-staking recreational players, which, while reducing the average revenue per user, was resulting in a higher number of active customers.In the US, it reported year-on-year revenue growth of 38%, with rapid expansion plans ahead and a target of gaining a 15% share in all sports betting markets. In its results statement, the operator said that market estimates suggested that the US could generate between $5bn and $19bn of sports betting revenues by 2023, depending on how quickly states regulate. It said it aims to grow its US EBITDA from $46.2m last year to c.$300m by 2023.“This is a major new market opportunity that William Hill is very well placed to pursue as we are the US’s leading sports betting company. We aim to maintain our market leadership and intend to enter every state that regulates sports betting.”In retail, however, revenues were down 2% and that’s before the £2 maximum FOBT stake has even come into effect. The company said it was not “possible to predict with certainty the full impact of this change as it is contingent on customer behaviour changes” and that up to 900 shops could be at risk of closure.In an analyst note published today (March 1), Regulus Partners said this was “very much the calm before the storm when it comes to retail”.“The key issue, in our view, is that FOBT revenue (105% of group business FCF contribution) was very easy to generate operationally (requiring next to no skill).“WH’s new revenue sources are much tougher to deliver operationally, while also having a far more complex and no less challenging regulatory-strategic dimensions (if at least not mono-product centred): William Hill has improved, but whether it has improved enough remains to be seen.” But Emma-Lou Montgomery, associate director from Fidelity Personal Investing’s share dealing service, was more optimistic about William Hill’s prospects: “The gambling group now knows what it’s up against and has clear plans to turn this into a winner and double operating profits by 2023.“The US looks to be key for the group, where it has a clear lead.” Subscribe to the iGaming newsletter Casino & games William Hill recommits to doubling profits by 2023 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Appetite for disruption: Part One

first_img Trustly’s Pay N Play has emerged as a solution capable of enhancing KYC processes and reducing abandonment when registering players. In part one of this feature, Trustly sets out the need for such a solution while some of its clients discuss its effectiveness, and we tackle the issues that have arisen in promoting such a product to the end user.While trends such as customer adoption of in-play wagering and gambling via mobile draws the industry’s attention, much less scrutiny has been paid to the industrywide trend of operators outsourcing core functions to third parties.This has seen trading, once crucial to any sportsbook operator, being handled by third-party service providers. Games development is already almost entirely handled by external studios, to the point that it’s more unusual for a B2C business to build games in-house than it is for them not to. It’s less a case of operators de-skilling, and more a case of bringing in efficient and effective ways of doing things, allowing businesses to focus on elements such as marketing and, increasingly, customer protection.Customer registration could soon become the latest operational element to be outsourced if a new product from Swedish financial technology solutions provider Trustly manages to secure a foothold in markets beyond the Nordics.Pay N Play, as with any industry innovation, is new way of carrying out an existing task, but while it does what any payment provider has done since the industry’s early days, it does it more efficiently and effectively than before.A new player goes to a site that’s integrated with the solution. Instead of filling out registration forms, he or she clicks ‘Play now’ and makes a deposit from their online bank account via Trustly. The “secret sauce”, as Trustly’s head of gaming accounts Vasilije Lekovic puts it, is the KYC solution.“One of the best parts of [the KYC solution] is it uses data that’s already been verified,” Morten Madsen, chief marketing officer of Global Gaming, an early adopter of Pay N Play, says.“It’s just so much more secure than the player entering it themselves in the traditional way.“With a traditional set-up, you register, link your credit card, and deposit – the KYC doesn’t happen until the customer withdraws money,” he says. “We do KYC straight away so we don’t have ineligible players, such as minors, gambling.”Gaming Innovation Group (GIG) chief marketing officer Tim Parker adds that with Trustly already a popular payment solution, Pay N Play has helped consolidate its position as the preferred method for players. It has grown so popular that GIG’s Thrills brand offers Pay N Play as the exclusive method for deposits and withdrawals.“The best proof of Pay N Play’s success is we now have over 60 operators live,” Lekovic says. “Some are even launching entirely new brands around this concept.”Shock of the new With 60 Pay N Play-powered sites launched since the solution went live, uptake has been relatively quick.Operators using the solution have secured licences from the Malta Gaming Authority, Sweden’s Spelinspektionen and the Estonian Tax and Customs Board, and is set to move into Denmark in the coming months.A number of operators, including GIG’s Thrills brand, have developed brands around the product. Raketech is working on the roll-out of Rapidi. Madsen, meanwhile, notes that Pay N Play is responsible for “a significant percentage” of Global Gaming revenue.However, Pay N Play’s spread has not been seamless and Lekovic admits that Trustly has faced challenges in educating regulators about the solution.“It hasn’t always been smooth sailing,” he says. “But before we launch in any market we first speak to the regulatory authorities. We’re a licensed financial institution so we go through all the correct channels.”He reveals that when Pay N Play was first presented to the Malta Gaming Authority, the regulator simply didn’t understand it. After all, a solution widely advertised by operators as a ‘no account’ solution – something Trustly is looking to discourage – is unlikely to receive a regulator’s blessing.It was a case of comparing how it allowed operators to onboard players to the same process set out in the island’s gaming regulations.“The existing [registration process in Malta] has a lot of elements that can be interfered with, but with Pay N Play you could deposit with two-factor identification and have the KYC data coming from the bank – and you cannot easily trick your bank,” Lekovic says.Marketing issues 
Even when the solution is licensed, Pay N Play clients still find themselves with a tricky issue of how to present the product to clients. After all, trumpeting an easy registration process will not necessarily draw in the punters as much as special offers or highlighting the games available.Equally, describing the solution as offering ‘no-account’ or ‘no-registration’ gaming is unlikely to be well received by anti-gambling activists and even a significant number of players.Spelinspektionen general director Camilla Rosenberg has even told iGaming Business that operators have been warned against giving the impression that they can play without registering, which is required under the Swedish Gambling Act.Global Gaming did initially present its Pay N Play-powered offering as a no-registration or no-account solution, Madsen admits, if only to hammer home the ease of use for customers.However, he says marketing is shifting focus away from the existing no-registration angle, over fears that it could anger regulators.It’s an issue that hasn’t quite been resolved. The general trend seems to be to develop new brands focusing on the speed of the solution, in Global Gaming’s case with Ninja Casino. It offers a stripped-back gaming experience, with a series of slots, table and live dealer games put front and centre, alongside a boast of being able to process withdrawals in under five minutes.This approach goes as deep as Global’s marketing strategy for the brand, with a focus on offering players an easy way to play rather than bombarding them with offers and promotions.Such an approach may be effective in newly regulated markets such as Sweden, where new customers will appreciate the simplicity of the sign-up process. However, analysts have noted that Pay N Play has resulted in a high deposit turnover, leading to some hitting their mandatory spending limits quickly.In established territories, ease of use may not be as attractive to players.“But you don’t need to target the entire market,” Madsen says, noting that this is something gaming companies tend to forget. “You can be successful and profitable when focusing on a part of the market, and serve that part really well.“[Pay N Play] is not something that works extremely well in the older demographics because it’s a high-tech product. It will have a higher penetration among ‘digital natives’ who are early adopters of new trends and technology.”Yet a report by identity verification specialist Jumio, in partnership with iGaming Business, suggests there is a niche for Pay N Play-powered offerings to tap into. Jumio ran a series of operator surveys looking at abandonment rates across a number of igaming brands. Operator feedback suggested that about 16% of customers abandoned the registration process before completing, with 19% of those that completed it failing to make a deposit.As Pay N Play effectively removes the registration abandonment issue from the equation by completing registration, depositing and customer verification in one step, it presents a solution to this.Read the second part of Appetite for Disruption here. Appetite for disruption: Part One AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Regions: Europe Baltics Nordics Southern Europe Estonia Denmark Sweden Malta Tags: Mobile Online Gambling Payments Topics: Tech & innovation Subscribe to the iGaming newsletter Trustly’s Pay N Play has emerged as a solution capable of enhancing KYC processes and reducing abandonment when registering players. In part one of this feature, Trustly sets out the need for such a solution while some of its clients discuss its effectiveness, and we tackle the issues that have arisen in promoting such a product to the end user. 2nd April 2019 | By contenteditor Tech & innovationlast_img read more