AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling BOS challenges Swedish government over regulatory changes Swedish gambling operator association Branschföreningen för Onlinespel (BOS) has once again criticised the country’s government’s decision to impose tighter restrictions on the industry during the novel coronavirus (Covid-19) pandemic, saying such changes would harm the market and its licensees. Swedish gambling operator association Branschföreningen för Onlinespel (BOS) has hit out at the government’s revised set of temporary restrictions it plans to implement during the novel coronavirus (Covid-19) pandemic, saying that they would seriously harm the market and its licensees.Announced late in May by Minister for Social Security Ardalan Shekarabi, the new set of measures replace earlier proposals put forward in April.The original measures faced heavy criticism, with chief executives from a host of Swedish licensees signing a BOS petition in protest of the changes. Betsson, Kindred Group, LeoVegas, NetEnt and William Hill are among those to have spoken out against the plans. Swedish gambling regulator Spelinspektionen even warned the restrictions could force players to unlicensed sites.In an attempt to ease these concerns, the updated measures state that horse and sports betting exempt from an SEK5,000 (£428/€482/$545) weekly deposit limit, which will now only apply to online casino games and slots.Players of slots and casino games would also be required to set time limits for gameplay, while an SEK100 bonus cap also put forward in April would now also only apply to online casino.However, BOS, which was highly critical of the original measures, has published an official response to the Ministry of Finance, questioning the motives behind the latest changes and suggesting that they could harm channelisation in the Swedish market.One of the primary reasons given by the government for the new measures was that more people would turn to online casino gaming during the Covid-19 crisis.According to BOS, the Ministry of Finance has not yet provided any evidence that this has been the case, while it said its own members have not seen a drastic change in behaviour in relation to online casino usage. Earlier this week a study, which claims to be the first of its kind to track changes in sports bettors’ behaviour under lockdown, claimed that players in Sweden, Norway, Finland and Germany actually gambled less overall, rather than shifting from betting to different verticals such as casino.“For BOS members, the most notable difference is found in another gambling vertical: sports betting, which due to cancelled games has seen a notable decline,” BOS secretary general Gustaf Hoffstedt said. “Other betting companies outside of BOS – including state-owned Svenska Spel – report that online casino activity is standing still while there is a hefty decline in sports betting.”BOS also pointed out that the Ministry of Finance should further analyse data before it imposes new controls. It proposed the Swedish Gambling Authority (Spelinspektionen) to deliver monthly and quarterly reports about the state of the market to offer a more realistic view of the situation.“One example of irreversible damage is that gamblers that leave the licensed gambling system [to play] outside of the Swedish licensing system due to the temporary regulation will be lost even after the expiry of [these controls].”Focusing on channelisation, BOS highlighted its recent study that found the rate for online casino and sports betting was well below government targets and in decline. According to BOS, the new measures would have further negative effect on the online casino channelisation, describing such a move as “inconsiderate”.BOS also pointed to recent figures published by the Swedish Tax Agency, which showed a stagnation or decline in revenue for operators offering sports gambling and online casino, while AB Trav och Galopp (ATG), the market leader in horse race betting, saw an increase of more than 30%.“In this situation, to propose austerity measures for online casino and, as in this case, an exception for horse betting appears to be inconsiderate or even incomprehensible from a consumer protection perspective,” Hoffstedt said.BOS also highlighted the lack of evidence to support the government’s claim that the restrictions were prompted by changing consumer behaviour, despite the European Union’s regulatory framework for urgent procedures being invoked in order to quickly implement the measures.“BOS wishes to emphasise that for the second memorandum, with its obviously distortive consequences for competition and, to say the least, lack of factual support for the proposed measures, it is of the utmost importance that the government conducts a normal notification to the European Commission,” Hoffstedt said.“It stands without reasonable doubt there is no basis for an urgent procedure and that such a procedure would be a violation of EU law. Sweden is obliged to notify whether proposals are undergoing significant changes, which the revised memorandum to a great extent does.”The association went on to raise concerns over the technical implementation of new controls. Swedish licensees are usually required to carry out months of tests in order to ensure their system can comply with regulations, it said. However, with the tight turnaround on the changes, this would not be possible. “It cannot be regarded as responsible by the Ministry of Finance to propose changes that in reality require deviations from Swedish gambling regulation,” Hoffstedt said.BOS then moved on to suggest that the changes would favour state-owned or state-controlled gambling operators, with private businesses set to suffer as a result.It noted that while online casino is a gambling vertical offered by the both state-controlled operators Svenska Spel and ATG, it is not a key product either, with the majority of revenue coming from lotteries and horse racing.“If the government goes ahead with its proposals, then we are back to square one regarding channelisation,” Hoffstedt said in conclusion, suggesting that a spike in problem gambling was more likely were the controls to be implemented.“There is a long way to go before we will reach the spirit of mutual respect and willingness to compromise that characterised the previous reform.“The government should, under all circumstances, prepare for the probable increase in problem gamblers that Sweden can expect when the gambling collective due to the extent of the proposed regulation increasingly turns to the unlicensed gambling market.”In other Swedish news, Spelinspektionen has awarded a gambling licence to Lotto Direct Limited. The licence is valid until June 2023 and will permit the operator to run its online lottery gaming services in the country. Regions: Europe Nordics Sweden Casino & games Topics: Casino & games Legal & compliance Sports betting 5th June 2020 | By contenteditor Email Address Subscribe to the iGaming newsletter
Stanbic Bank Uganda Limited (SBU.ug) listed on the Uganda Securities Exchange under the Banking sector has released it’s 2014 annual report.For more information about Stanbic Bank Uganda Limited (SBU.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the Stanbic Bank Uganda Limited (SBU.ug) company page on AfricanFinancials.Document: Stanbic Bank Uganda Limited (SBU.ug) 2014 annual report.Company ProfileStanbic Bank Uganda Limited is a leading financial institution in Uganda offering banking products and services to the retail, commercial and corporate segments. Its product offering ranges from savings, fixed deposits and call accounts to term loans, mortgage lending products and vehicle and equipment finance. The commercial division offers investment banking services ranging from corporate finance, debt primary market, securitisation and equity capital to exchange control advisory, credit trading, equity derivatives and interest rate trading and lending. Stanbic Bank Uganda Limited targets the oil and gas, power and infrastructure, public, consumer and financial institution sectors in Uganda. The company has an extensive network of branches, ATMs and customer service centres. Stanbic Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings Limited. Stanbic Bank Uganda Limited is listed on the Uganda Securities Exchange
Universal Insurance Company Plc (UNIVIN.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2018 interim results for the first quarter.For more information about Universal Insurance Company Plc (UNIVIN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Universal Insurance Company Plc (UNIVIN.ng) company page on AfricanFinancials.Document: Universal Insurance Company Plc (UNIVIN.ng) 2018 interim results for the first quarter.Company ProfileUniversal Insurance Company Plc is an insurance company in Nigeria licensed to cover all cases of non-life insurance for the individual, commercial and institutional sectors. The company also offers banking products and services as well as risk management services. General insurance products cover motor, property, marine, accidents, engineering and contractors, bond, HCPI, oil and gas, guarantees and indemnities and occupier’s liability insurance. Commercial and institutional products cover all risks associated with the hospitality, construction, logistics, capital markets and real estate sectors as well as financial coverage for accidents, theft, vandalism and motor vehicle collisions. Universal Insurance Company Plc receives reinsurance support from Swiss Reinsurance Company of Zurich. Established in 1961 and formerly known as the Universal Insurance Company Limited (UNISURE), the company changed its name to Universal Insurance Company following its amalgamation with United Trust Assurance Company Limited, Oriental Insurance Company Limited and African Safety Insurance Company Limited. Universal Insurance Plc has operations across the country in the major towns and cities of Nigeria. Its head office is in Lagos, Nigeria. Universal Insurance Company Plc is listed on the Nigerian Stock Exchange
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CopyAbout this officeHiroshi Nakamura & NAPOfficeFollowProductsWoodGlassConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHiroshimaIcebergOn InstagramJapanPublished on September 13, 2020Cite: “Optical Glass House / Hiroshi Nakamura & NAP” 13 Sep 2020. ArchDaily. Accessed 10 Jun 2021.
21 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Finance Charities and non-profit organisations are missing out on more than £75 million in interest simply because they have not shopped around for the best deal on their deposit accounts, claims Alliance & Leicester Commercial Bank (ALCB).Research commissioned by the bank found that one in three (31%) organisations with a deposit account automatically opened the account with their existing bank without researching the market for the best deal. With an average of £45,000 held in charities and non-profits’ deposit accounts, “not shopping around for the most competitive rate is costing these organisations substantial amounts in lost interest” argues the bank. Not all organisations even have a deposit account for their surplus funds: indeed, only 39% do so according to the research. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 5 September 2004 | News Charities missing out on £75 million in interest, says Alliance & Leicester Alex Smith, Head of Deposit Accounts at Alliance & Leicester Commercial Bank said: “It is disappointing that organisations continue to settle for raw deals, and especially surprising in the voluntary sector where it is vital that funds work as hard as possible. It is very easy to switch deposit account providers and I hope that these findings encourage more charities and non-profit organisations to open an account, which rewards their surplus funds. “Getting the best deal is not about haggling with your bank; it’s about finding out what is available in the marketplace.”Alliance & Leicester Commercial Bank has put together some tips on how organisations can make the most out of their deposit funds:Don’t assume that current account providers will be able to offer the best deal, shop around and look beyond the traditional high street banks.Work out a sensible notice period and the minimum deposit amount you can comfortably live with before you begin your search to avoid confusion when comparing the relative pros and cons of different accounts. Be sure to pick an account that will offer a sound long-term investment, preferably with interest rates that track base rates.It is important to choose a deposit account provider who will not charge a fee to access deposits quickly to ensure the flexibility of invested funds.Comparison tables provide a quick and easy-to-use guide to the best deposit accounts in the market. Financial data providers such as Business Moneyfacts are a good place to start in the search for the right account.ALCB of course point out that they offer competitive banking products for charities and non-profit organisations such as the Community 30 Day notice account and Community Instant Reserve.The research involved a survey of 242 charity/non-profit treasurers in the UK, conducted by Continental Research telephone survey/TNS BusinessLine telephone survey in January 2004. It found that the average charity or non-profit organisation misses out on £400 a year in interest. The figure of £75 million was reached by multiplying this figure with the number of charities in England and Wales registered at the Charity Commission at 31 March 2004 (188,739).
Howard Lake | 12 March 2009 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Tagged with: Funding 20 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Futurebuilders England to manage Social Enterprise Investment Fund The Department of Health has announced that a consortium led by Futurebuilders England has been selected as the fund manager of its £100 million Social Enterprise Investment Fund (SEIF).Together with Partnerships UK, Futurebuilders England will provide extended services to the Department of Health to support organisations that are, or are aiming to become, social enterprises delivering health and/or social care services. Futurebuilders England will also manage the investments made by the Fund.Futurebuilders England will develop a range of financial offers including loans, grants and equity investment products that can be provided by the Fund.James Stewart, chief executive of Partnerships UK, said: “Social enterprises already make a huge contribution to the delivery of public services. This contribution is only going to increase in the future. Partnerships UK is delighted to be working alongside the Department of Health and Futurebuilders England to help social enterprises realise their full potential in delivering health and social care services”.The Social Enterprise Investment Fund was developed following the 2007 Comprehensive Spending Review, and the Department of Health committed £100 million of funding for it until March 2011.www.dh.gov.uk AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis
News Help by sharing this information October 16, 2020 Find out more Organisation Côte d’IvoireAfrica RSF_en Affoussiata Bamba Lamine Minister of Communication PO Box V 138 ABIDJAN 01 IVORY COAST Paris, 3 June 2014 Dear Minister,Reporters Without Borders, an international organization that defends freedom of information, would like to express its astonishment at reading the letter you wrote to your counterpart in Benin on 14 May asking him to “put a stop” to the programmes Devoir de Vérité and Devoir de Vérité Actu.The two programmes were subsequently suspended on 30 May at the behest of the High Authority on Broadcasting and Communication of Benin.We are fully aware of the partisan nature and one-sided presentation of these two programmes, but we do not think that this justified such interference in the activities of privately-owned broadcasters in a neighbouring country.At my meeting with President Alassane Ouattara in Abidjan on 12 May, he said he wanted to open up broadcasting in Ivory Coast even if, in his view, the political climate was not yet “favourable.” Given your president’s clear preference for pluralism and openness, how can you justify this complaint?When the Ivorian broadcasting sector is opened up after the 2015 elections, as President Ouattara has pledged, the government will almost certainly hear very critical opinions being expressed. What will the Ministry of Communication’s response then be? To silence these dissident voices without going through legal channels?We urge you to reaffirm you commitment to broadcast media pluralism without delay, and to refrain from any further interventionist measures.I thank you in advance for the attention you will give to our requests.Sincerely, Related documents open_letter_addressed_to_affoussiata_bamba_lamine.pdfPDF – 246.56 KB RSF’s recommendations for protecting press freedom during Côte d’Ivoire’s elections June 3, 2014 – Updated on January 20, 2016 Open letter addressed to Affoussiata Bamba Lamine November 27, 2020 Find out more Reports Christophe Deloire Reporters Without Borders secretary-general Subject: Violation of media pluralism News CC/ Komi Koutché, Minister of Communication, Republic of Benin Charles Providence Gomis, Ivory Coast Ambassador to France Amadou Coulibaly, Communication Advisor for Broadcasting and Information Technologies, Presidency of the Republic, Ivory Coast Théophile Nata, President of the High Authority for Broadcasting and Communication, Republic of Benin Follow the news on Côte d’Ivoire Côte d’IvoireAfrica October 29, 2020 Find out more The 2020 pandemic has challenged press freedom in Africa to go further News Threats against journalists in run-up to Côte d’Ivoire’s presidential election Receive email alerts
News May 27, 2011 – Updated on January 20, 2016 In Conakry, Reporters Without Borders urges authorities to implement 2010 press laws to go further GuineaAfrica Follow the news on Guinea RSF_en GuineaAfrica Help by sharing this information April 9, 2021 Find out more Organisation May 19, 2021 Find out more News Guinean journalist finally freed after being held for nearly three months Reporters Without Borders is ending a five-day visit to Conakry today by giving a news conference at the Conakry Press Club to present its initial findings on the media situation in Guinea and to announce its recommendations to the country’s authorities.The visiting Reporters Without Borders team consisted of the information director, Gilles Lordet, and the head of the Africa Desk, Ambroise Pierre. They met with representatives of the National Communication Council (CNC), the supreme court president, the head of the National Transitional Council (CNT), the justice minister, communication ministry officials, representatives of the ministry of territorial administration and decentralization, the government general secretary, leading media figures and several journalists’ associations. Reporters Without Borders was pleased to find an atmosphere of calm that allows reporters to work unhindered, and a renewed vitality in the media following the 2010 presidential election, although journalism is still clearly a precarious form of employment. The media often voice opinions with much more freedom than in some other African countries.The organization nonetheless found that no progress has been made on certain issues, which raises questions about the intention of President Alpha Condé’s government to consolidate press freedom. As the authorities begin a long and fragile transition that will hopefully lead to democracy, we hope to convince them of the importance of free speech as a democratic value.Two laws affecting media, one creating the High Communication Authority (HAC) and one on access to information, were promulgated by Gen. Sékouba Konaté in June and December 2010. However, they have not yet been published in the official gazette and have not yet been implemented.Reporters Without Borders has learned that three journalists were fired as news presenters on state-owned Radio Télévision Guinéenne (RTG) at the start of May. The organization wonders why, and calls for an explanation. The journalists themselves were not given any reason in writing.With a view to the parliamentary elections that are to be held before the end of the year, Reporters Without Borders will provide Guinea’s journalists with copies of the Handbook for Journalists during Elections, which it produced in cooperation with the International Organization of the Francophonie.During a meeting at the ministry of territorial administration and decentralization, Reporters Without Borders said it was important the security forces should respect the work of journalists who cover the election campaign and the polling.In July, Reporters Without Borders will issue a report containing its analysis of media freedom in Guinea and all of its recommendations to the authorities and the media, in detail.In the meantime, before leaving at the end of this trip, Reporters Without Borders:- Invites President Condé to reaffirm his intention to guarantee press freedom and respect for media diversity.- Asks the government general secretary to immediately send the 2010 laws to the supreme court so that it can confirm their constitutionality and thereby open the way for their publication in the official gazette.- Urges the new authorities to ensure that RTG, which was praised for its even-handed coverage of the presidential election campaign, continues to be a public service media that is accessible to all political forces and is representative of Guinean society in its entirety.- Urges the ministry of territorial administration and decentralization to take a clear position on respect for the freedom and safety of journalists and to make the security forces aware of the need to respect their work, especially during their coverage of elections.- Asks the authorities to embark on a process of debate and discussion about the status of journalists in Guinea.- Encourages journalists’ associations to collectively press for improvements in work conditions (including contracts and minimum pay). Receive email alerts Guinea : RSF and AIPS call for release of two imprisoned journalists News Guinean journalist’s continuing detention is “incomprehensible,” RSF says News April 15, 2021 Find out more