Factories still growing at record speed

first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tuesday 1 March 2011 8:09 pm whatsapp BRITAIN’S manufacturing boom continued into February, maintaining the record high level of growth seen at the start of the year, according to a business survey released yesterday.The sector recorded 61.52 in last month’s purchasing managers’ index, virtually unchanged from January’s level of 61.49 – the highest since records began in 1992.All scores above 50 indicate economic growth.Expansion in the factory industry has accelerated for five straight months, up eight points in the index from September’s reading of 53.5.However, the survey exposed more danger for inflation in the UK, with output prices jumping at the second fastest speed in the records’ history.Factory gate prices shot up to 63.6 in the index, up 6.5 points in the last four months.“Inflationary pressures remain elevated, which may raise a further eyebrow amongst the members of the Bank of England’s Monetary Policy Committee,” said Rob Dobson of Markit, which conducts the survey along with the Chartered Institute of Purchasing and Supply.Employment in the UK manufacturing sector also hit a record rate of growth in February, climbing to 61.7, from 59 in January, and 57.9 in December.In September, job creation was virtually flat, at 50.24, yet has rebounded strongly since.“A jobless recovery would be a weak recovery, so it is positive to see jobs growth hit a fresh record high,” Dobson said.“However, the strong performance of the sector, which makes up just 13 per cent of GDP, can only partly offset the weaker parts of the economy such as services and construction,” he warned.PMI data for the construction industry is released today, while progress in the UK’s largest sector – services – is published tomorrow. Factories still growing at record speed Tags: NULL whatsapp KCS-content Share Show Comments ▼last_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img Share CITY MOVES | WHO’S SWITCHING JOBS KCS-content whatsapp Mayer BrownThe City law firm has boosted its asset finance team with the hire of former Orrick Herrington & Sutcliffe European managing partner Stuart McAlpine.McAlpine focuses on cross-border asset and project finance transactions in the shipping, offshore and energy sectors. At Orrick, he spent time in the firm’s Singapore, London and Paris offices. He was the firm’s European managing partner between 2008 and 2009.Matrix GroupDavid Wilson has joined the asset management and banking firm as deputy chief executive of investment banking. Wilson has over 25 years experience in the city, most recently as chief executive of Piper Jaffray where he also served as global chairman of healthcare and on the leadership team of the group.Matrix also appointed Rajeev Bahl and Chris Wickham as co-heads of research. Bahl previously worked for Piper Jaffray as principal, senior research analyst covering software and IT services. Wickham joined Matrix in November 2010. Cushman & WakefieldThe real estate brokers has hired Tony Edwards, Simon Wild and Chris Parfitt as partners in its Southern retail agency team. Edwards and Wild both join the real estate firm from Jones Lang LaSalle, in which Edwards was the head of their Southern retail agency. Parfitt was previously head of leasing at Centros.RSAMark Christer has been appointed managing director of UK personal lines by the global insurer. Previously Christer was managing director of MORE THAN and group chief executive of renewable energy. Christer will be responsible for RSA’s personal lines business. 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 AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Show Comments ▼center_img whatsapp Tags: NULL Wednesday 23 March 2011 8:09 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.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.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comlast_img read more

US jobless claims fall in March

first_img alison.lock Share The number of Americans claiming jobless benefits fell last week and factory employment in the US Midwest hit a 27-year high in March.Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 388,000 the Labor Department has said, before the government releases the more closely watched US payrolls data tomorrow.Separately, the Institute for Supply Management-Chicago’s employment index hit the highest level since December 1983, jumping to 65.6 in March from just under 60 the month before.Its overall business barometer dipped to 70.6 from 71.2 in February but remained in expansion mode.The government revised the claims series back to 2006 to account for new seasonal factors and showed slightly higher claims for recent prior weeks than previously estimated.Still, the downward shift remained intact and economists said the revisions did not change their views that the labour market was firming.“The trend is still clearly downwards. There is every reason to expect that to continue as the return of bank credit to small businesses allows them to hold onto people who might otherwise have been laid off,” said Ian Shepherdson, chief US economist at High Frequency Economics in Valhalla, New York. whatsapp whatsapp Thursday 31 March 2011 11:06 am Show Comments ▼center_img 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}MoneyPailSenior 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 TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.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 HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof US jobless claims fall in March Tags: NULLlast_img read more

GW Pharma signs up Novartis to sell cannabis drug in new markets

first_img AIM-LISTED GW Pharma has agreed a deal to allow Swiss giant Novartis to market its cannabis-based medicines in new markets, to treat muscle disorders in multiple sclerosis patients. The tie-up means that Novartis will have exclusive rights to sell GW’s Sativex drug in Australia and New Zealand, plus across parts of Asia, the Middle East and Africa. Novartis will pay GW $5m (£3.06m) upfront, followed by a series of additional payments totalling $28.75m based on milestones under the terms of the deal.Already licensed for treatment in the UK, Spain, Canada and New Zealand, Sativex is awaiting approval in several European countries, with licences expected to be granted later this year. The drug is used to treat the muscle spasms and stiffness common among MS sufferers, and has been developed from active ‘cannabinoid’ ingredients found in the Cannabis Sativa plant.Shares in GW rose more than 12 per cent following the deal announcement, valuing the company at £141.5m.“Novartis has emerged at the forefront of the next generation of MS treatments, and is therefore ideally positioned to market Sativex as a symptomatic treatment alongside their disease modifying treatment,” GW’s managing director Justin Gover said. GW specialises in cannabis-based medicines, and reported a pre-tax profit of £4.6m for 2010. Share whatsapp KCS-content Monday 11 April 2011 8:04 pm Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comcenter_img 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}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp Show Comments ▼ GW Pharma signs up Novartis to sell cannabis drug in new markets last_img read more

China inflation jumps to 32-month high

first_img John Dunne China inflation jumps to 32-month high Share China’s turbo-charged growth eased just a touch in the first quarter, while its inflation jumped to a 32-month high, putting pressure on the government to do more to rein in prices and keep the economy on an even keel.China’s gross domestic product increased by 9.7 per cent in the first quarter from a year earlier, down from 9.8 percent in the final three months of 2010 but ahead of an expected 9.5 percent pace.Consumer price inflation sped to 5.4 per cent in the year to March, the fastest since July 2008 and topping market forecasts for a 5.2 per cent increase.Taken together, the data published by the National Bureau of Statistics on Friday showed that the world’s second-largest economy was still sizzling, little hindered by the central bank’s half-year tightening campaign that many investors had feared would undermine growth.They were also another reminder of the yawning gap that has opened up between China, the world’s fastest-growing major economy, and developed nations from United States to Europe that are still struggling to kick-start their economies after the global financial crisis.“The figures show that (China’s) inflation pressure will not taper off in the short term and we expect the consumer inflation to remain high in the second quarter,” said Sun Miaoling, an economist with CICC, the largest Chinese investment bank.“The government will keep battling inflation as its priority in coming months, which could prompt the central bank to further tighten its monetary policies,” she added.The People’s Bank of China has increased benchmark interest rates four times since last October and has required the country’s big banks to lock up a record high of 20.0 percent of their deposits as reserves.Global markets registered little impact from the Chinese data, in large part because the numbers had been comprehensively leaked in the days prior to the official release.The main Chinese stock index in Shanghai was down 0.5 per cent after morning trading and share prices throughout Asia were also slightly softer, with investors braced for Beijing’s next round of tightening. Many analysts believe the central bank could increase required reserves again as soon as this weekend. Show Comments ▼ whatsapp whatsapp 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?MisterStorySenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe Friday 15 April 2011 2:38 am Tags: NULLlast_img read more

Interview: Filippos Antonopoulos, Vermantia – Part 1

first_img Filippos Antonopoulos built Vermantia from a startup challenging the leading land-based and online gaming suppliers to part of the industry establishment, after Arena Racing Company (ARC) bought into the business. With a new venture in the payment sector now underway, he discusses how being a latecomer to a mature market is no barrier to growth.At a time when the retail betting industry’s prospects look bleaker than ever, Vermantia chief executive Filippos Antonopoulos (pictured) argues the future couldn’t be brighter. He says the supplier, an omni-channel content provider focused on bringing live content and games into shops, has seen revenue grow by up to 40% in recent years.Having sold a majority stake in the business to Arena Racing Company, he’s aiming to double and treble revenue in the coming years.It’s a bullish stance, but looking at Vermantia’s history, Antonopoulos has a habit of bucking trends. For example, the business was only established in 2007, at a time when the migration of customers online was well underway, and suppliers were focusing energies on what was then an emerging channel.Antonopoulos, however, looked at the shops and saw gold.There were a number of factors in play, he explains: “We’re talking about an era, between 2005 to 2014, when first of all the betting platforms were starting to be scalable, they could accept live betting. Second, you started to see the ascendance of virtual sports, which was good TV. And then you had UK racing predominantly, but racing in general, starting to eat up its margins.“Racing is driven by TVs in licensed betting offices (LBOs), and then you have a whole parallel factor that you started to see total audience erosion, with customers moving first online then to mobile.”This, he explains, made the traditional betting shop having to make itself “sexier, more flexible, and offering a multitude of products”.This meant that each LBO would no longer be profitable with punters coming through the doors a few days each week. To increase visitation, the UK industry largely appears to have set on B2 gaming machines, or fixed odds betting terminals, as the solution. We all know how that went.Blessing in disguise The situation the industry now finds itself in, he argues, is down to communication problems.“Behind the scenes, I have been fortunate enough to be mentored by a few guys that led LBOs for many years, and they told me this would not have happened in the older days,” he says.Previously, Antonopoulos explains, there was better communication between the bookmakers and politicians.“The early warnings of public frustration would go up to the MPs and towards one or two responsible for carrying this communication to the industry,” he says. “The sector would listen, and instead of being driven by financial results, would have taken action.”Vermantia came into existence after Antonopoulos saw value in offering a full range of live streamed content through a single integration, complemented by virtuals and instant win games. This is all well and good, but with GVC alone to close 900 shops to mitigate the stake cut, what use are these solutions if there are no shops to put them in?Yet for Antonopoulos, the stake cut is a “blessing in disguise” for Vermantia. It had been working towards developing a new, cashless retail betting experience for customers. With the loss of machines and operators in need of more bodies through the door, it can deploy this technology for operators looking to improve their retail estate, speeding up the adoption process.After all, he adds, betting shops were profitable before the advent of FOBTs. “So I cannot entirely say that the industry itself is left hanging on a limb and the blame is entirely on the political side.”What operators should be doing instead is asking what they can do to turn a profit with the maximum £2 stakes in place.Carpet bombing
 He argues that rather than fight legislative action, it’s up to the industry to work together, making concessions where necessary, to avoid further changes.“When things come to the point that the regulator feels the need to legislate, that’s the equivalent of carpet bombing,” he says. “If you’re at the point of regulating, not legislating, you can do targeted bombing, rather than carpet bombing. If the industry starts a discussion, you can reach actual conclusions and separate things out.”Going beyond cross-sector cooperation, he says, suppliers and operators must spread out. Gaming businesses today must be able to do a range of different things, rather than be focused on a single product, vertical or channel.“Back in the day you could be a one-trick pony and still make a good living, now you need to be a jack of all trades,” Antonopoulos explains.“There is also a complete breakdown of geographical barriers. Now you need to tick a lot of boxes, and compete against others in your home market, so you don’t have a home base with protected margins. That’s bad for the suppliers, but good for the operators.”This in turn makes having a diverse customer base across a number of markets crucial. Vermantia is currently active in more than 30 markets, and being able to spread risk means headwinds in one market are less likely to derail growth. “Whether or not the advertising ban (in Italy) or if the FOBT cut (in the UK) hadn’t happened, it doesn’t change our strategy, because we are able to absorb this into our P&L, as we are doing very good business in Eastern Europe,” Antonopoulos says by way of an example.Read Part Two here. Subscribe to the iGaming newsletter Casino & games Interview: Filippos Antonopoulos, Vermantia – Part 1 Filippos Antonopoulos built Vermantia from a startup challenging the leading land-based and online gaming suppliers to part of the industry establishment, after Arena Racing Company (ARC) bought into the business. With a new venture in the payment sector now underway, he discusses how being a latecomer to a mature market is no barrier to growth. Topics: Casino & games Legal & compliance People Sports betting Strategy Video gaming 19th August 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe UK & Ireland Tags: Mobile Online Gambling OTB and Betting Shops Video Gaming Email Addresslast_img read more

Tribal gaming operators set new revenue record in 2018

first_img Gaming businesses owned by Native American tribes have reported a 4.1% year-on-year increase in gross gaming revenue, to a record $33.72bn, in 2018. Gaming businesses owned by Native American tribes have reported a 4.1% year-on-year increase in gross gaming revenue, to a record $33.72bn, in 2018.Figures from the National Indian Gaming Commission (NIGC) combine 501 independently-audited financial statements, provided by 241 federally recognised tribes across 29 states to provide figures for the entire US tribal gaming market.These reveal that the Sacramento region, comprising California and northern Nevada, was the largest regional contributor. It alone accounted for $9.28bn of total GGR (up 3.1% from 2017), from 73 facilities. This growth came despite one venue closing during the year.Rapid City (North and South Dakota, Montana and Wyoming) was the only other region to see tribal gaming venues shuttered in 2018, with the total number of active facilities falling from 39 to 36.Read more on iGB North America. Regions: US Tribal gaming operators set new revenue record in 2018 Topics: Casino & games Finance Tribal gaming AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Subscribe to the iGaming newsletter Email Address Casino & games 13th September 2019 | By Daniel O’Boylelast_img read more

Norsk Rikstoto proposes spending cap for players

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 24th September 2019 | By contenteditor Norway’s state-owned totalisator betting business Norsk Rikstoto has proposed establishing a mandatory monthly spending limit for all customers, with the country’s gambling regulator speaking out in favour of the proposal. Subscribe to the iGaming newsletter Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Horse racing Regions: Europe Nordics Norway Norsk Rikstoto proposes spending cap for players Topics: Legal & compliance People Sports betting Horse racing Norway’s state-owned totalisator betting business Norsk Rikstoto has proposed establishing a mandatory monthly spending limit for all customers, with the country’s gambling regulator speaking out in favour of the proposal.Should the cap be implemented, players would be able to bet and lose no more than NOK20,000 (£1,779/€2,019/$2,222) every 30 days. However, players could roll over any balance left at the end of this period for up to 90 days, meaning they could in theory spend NOK60,000 in 30 days every three months.Lotteri- og stiftelsestilsynet (Lotteritilsynet) has backed the move, with director Henrik Nordal describing it as a “safety net” for those that cannot control their gambling.While Nordal acknowledged that critics have claimed the mandatory spending cap would significantly reduce revenue for Norway’s horse racing sector, he argued that protecting players took precedence over growing income for the industry.“We see the need to clarify [Norsk Rikstoto’s] role here,” he said. “Norsk Rikstoto’s main duty is to provide a safe and responsible way to gamble.
“That the horse racing industry benefits from its profits is a consequence, and not a reason, as to why it is one of the few operators licensed to offer real-money gambling in Norway.”Nordal also dismissed the suggestion of making an exception for high-spending gamblers, arguing that they were as much at risk of problems as those spending lower sums.“The high-spending players are gambling too much, and they are losing a lot,” he said. “They are as much at risk of developing problems as other players, and Norsk Rikstoto has not provided evidence to suggest the opposite.“It would therefore be irresponsible to create a special scheme for these players were they can overspend,” he explained.However, Lotteritilsynet can only make recommendations on whether the proposal should be brought into effect, with the Norwegian Ministry of Agriculture and Food to make the final decision. Should it accept Norsk Rikstoto’s proposal, the mandatory limits would come into effect from 1 January, 2020.Norsk Tipping, the only other operator licensed to offer real-money gambling in Norway, has already introduced a NOK20,000 spending cap for players. It has since further tightened its responsible gaming controls by blocking players from spending winnings above NOK20,000.This was followed by the launch of a new feature in July, which showed online players their recent gambling activity upon logging into their accounts. Email Addresslast_img read more

Covid 19: what next for igaming employers?

first_img Topics: People Subscribe to the iGaming newsletter Covid 19: what next for igaming employers? 7th April 2020 | By Stephen Carter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Business must go on. Even despite the widespread ‘shutdowns’ to daily life worldwide, the usual evolution of careers and companies continues, and employers will still need to hire new people where they are required to keep operations going, and growing. High-skilled candidates are now available for hire. The circumstances are clearly far from ideal, but the ‘talent market’ has now swung in employers’ favour. After years where employers have struggled to fill many specialist roles, now could even present something of an opportunity. “The most far sighted HR-ers are already looking beyond the flattened curve,” according to The Economist last week. “For a savvy HR chief it’s the perfect opportunity.”The igaming sector, we firmly believe, has the creativity, resilience and core strength to weather this storm.We’ve already been heartened to see many employers committed to not only their existing staff, but also extending opportunities to new candidates. People – good people – will be critical if the industry is to come out of this stronger. The challenges: remote-ness and reductions It is without doubt that the challenges this market presents for employers in every sector, including igaming, are great. HR bosses and business leaders will be focusing on: Availability of talent across the board has increased, creating significantly more choice for employers. Hard-to-fill roles (such as those requiring specialist skills or languages) will now become easier to source for. The best candidates won’t be immediately on the market, but may be more open to considering something new, given the circumstances. Remote workers – such as those in tech and sales – can be hired for roles now regardless of location. Even after this crisis lifts, work can still be conducted remotely. Entire new functions of businesses are rapidly adapting to remote working practices. This change needn’t be temporary, so employers could benefit from hiring remote staff, thereby overcoming previous geographical barriers to hiring. World-class leadership talent with specialist industry experience (a rare find in normal times) will become available for hire.Plus, it’s also easier than ever to arrange confidential discussions with candidates, who are – by necessity – largely working from home, away from colleagues and bosses.Cara Kerr is head of Europe for Pentasia, where she leads the sales team and oversees strategy for the gambling recruitment specialist on the continent. She focuses on non-technical hires, in marketing, product, analytics, sales, business, development, account management and legal and compliance, from entry to director level. Recruitment may not be the first item on the agenda for employers at the moment but for those in a position to take a long-term approach, the market has resoundingly turned in their favour, writes Cara Kerr People Prioritising existing employees’ jobs Maintaining the strongest possible staff base for current and future circumstances Enabling all possible operations to continue on a remote, working-from-home, basis Conducting full recruitment processes onlineUltimately, the challenge of preserving existing employees’ jobs takes absolute priority.This has been the focus of businesses so far, with many introducing significant measures – including the foregoing of bonuses, temporary furloughing and salary reductions – to avoid making workforce reductions.Practically, too, HR bosses and business leaders are rapidly adapting to conducting entire operations on a remote basis. Some businesses are more adaptable than others to this way of working, but even those for whom ‘remote-only’ is possible in theory must ensure that communications, team unity and productivity remain carefully managed. Interview processes for new positions will, for the time being, need to be conducted entirely by video link. Whilst for many (mostly tech and sales) this is nothing new, running full hiring processes in this manner will require a leap of faith for some.The opportunity: hire top talent now It may sound counter-intuitive, but for those in a position to take a long-term approach, now is truly a strategic opportunity to hire and grow.For years, demand for talent has far outstripped supply and employers have fought hard to attract staff and grow teams. Now though (through circumstances self-evidently far from ideal), the market has resoundingly turned: job vacancies are now significantly outnumbered by available candidates. For those who can make the stretch, this “employer’s market” for talent offers an unseen-in-recent-times opportunity to make world-class hires. To summarise the current opportunities for employers: Recruitment may not be the first item on the agenda for employers at the moment but for those in a position to take a long-term approach, the market has resoundingly turned in their favour, writes Cara Kerr.Who can tell what the next few months will bring? For HRs and business leaders, the future is about as uncertain as it’s ever been.Priority, quite rightly, has first been placed on protecting workers amidst often significant threats to business, and thankfully many thousands of industry jobs have been saved worldwide. But what comes next?Recruitment may not be the first item on an igaming employers’ agenda. In fact, recruitment freezes or delayed processes have already slowed the market considerably.As we consider the path ahead, though, two factors will play an important role in bringing recruitment plans back to the forefront: Tags: Online Gamblinglast_img read more

HeadsUp resurfaces with igaming acquisition in “final stages”

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter HeadsUp resurfaces with igaming acquisition in “final stages” 29th July 2020 | By Daniel O’Boyle Subscribe to the iGaming newsletter Topics: Casino & games Finance Poker HeadsUp Entertainment – the former owners of the Canadian Poker Tour – said it is in the “final stage” of negotiations to acquire an online betting and gaming business. Regions: Canada Tags: Card Rooms and Poker Online Gambling Casino & games HeadsUp Entertainment – the former owners of the Canadian Poker Tour – said it is in the “final stage” of negotiations to acquire an online betting and gaming business.In the business’ first update in three years, it revealed that is in the final stages of a deal to acquire between 50% and 100% of the shares of a “a licensed online sportsbook and online casino platform”. It aims to sign a letter of intent related to the acquisition in the coming two weeks.While it has not yet named the business in question, it described it as an operator that “has processed over $110.0m in wagers and reported over $5.2m in revenue in the past four years”.In addition, HeadsUp said its management has targeted a second possible acquisition as well as a licensing agreement with a global media partner.Read more on iGB North America Email Addresslast_img read more