RP iGaming Index: One year on

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Bingo RP iGaming Index: One year on Subscribe to the iGaming newsletter Topics: Casino & games Finance Sports betting Strategy Bingo Slots Marking the first anniversary of the RP iGaming Index’s launch, Regulus Partners’ Paul Leyland looks at the factors that have led to gaming stocks largely underperforming over the past 12 months, and what needs to be done to make them a worthwhile investment. Stride Gaming is the stock in focus.The RP iGaming Index is now 12 months old, capturing the initial heady days of the PASPA repeal bounce and then (mostly) grinding operational and negative fiscal-regulatory reality ever since.Over the last month, gambling stocks have moved broadly in line with a sagging NASDAQ (both down 9%). However, whereas NASDAQ volatility has put it right back where we started tracking it as the benchmark to the index in May 2018, the weighted composite of iGaming stocks has lost 26% of its value.Investors will not only be looking at share price movement, however. A more important measure for many investors is ‘Total Shareholder Return’ (TSR), which includes the value dividends paid. The NASDAQ has a dividend yield of around 2%, so it still pays to hold its flatlining stocks, especially given where interest rates are in most developed parts of the world (outside the US recently).The RP iGaming index yields a weighted average of 2.9% – slightly outperforming the broader index, but more as an outcome of some high yielding stocks and some with no yield rather than as a meaningful average (similar, in fact, to the NASDAQ).There are some high dividend yields that the market probably does not trust to be sustainable: William Hill and GVC are facing big cash flow reductions this year due to UK machine legislation and this may impact payments, as might Gamenet for similar reasons in Italy. Some stocks are also facing commercial and/or regulatory headwinds that could result in a cut in the dividend.However, more than half of the constituents of the iGaming index pay a dividend and some are now highly attractive. For example, as well as those mentioned above, 888, Bet-at-home, Playtech, NetEnt, OPAP, Rank and Tabcorp all yield over 4%.Gambling should be cash generative as well as capable of growth, especially once out of an ‘early stage’ investment phase. This means that so long as the capital structure is right (i.e. not too much debt), investors can be directly rewarded for this characteristic. However, in the past year this clearly posed cold comfort, for which we identify three key reasons.First, fiscal-regulatory headwinds have impacted profitability, forecasts and, in some cases, dividend sustainability. This level of negative pressure is simply too great to prevent share price falls, especially where they erode investor trust.Second, valuations had got ahead of themselves vs reality – especially around hopes of a post-PASPA US market. Progress has certainly been impressive in a number of areas, but very few operators are yet making any money (bottom line) in the market; it is really still too early to do so. But that means many stocks are in that dangerous ground where promises have been made but delivery has not yet been possible.Third, while 54% of the index does pay dividends, 46% does not. There are a variety of reasons for this: too much debt, too early stage, EBITDA that isn’t really a proxy for cash (i.e. not cash generative because staff costs are being capitalised or ongoing capital intensity is high) and all of these are valid to an extent. However, what it does mean is that investors are not being directly rewarded for holding the risks inherent in nearly all gambling stocks – online or landbased, domestically regulated or not.We believe in a simple formula for making gambling stocks great again: honesty about growth prospects + honesty about regulatory risk + operational improvement + M&A with real synergies + clear and sustainable dividends that outperform the market average = an attractive, investable sector. Now is that too much to ask?Stock in focus: Stride Gaming Stride is likely to be the next participant to leave the index due to M&A, so it is worth a look while we can. A 151p recommended offer from the Rank Group also made it the index’s strongest performers.However, a brief look at the chart demonstrates that this outperformance is both short-term and relative. Over the course of the last twelve months, Stride’s share price has been shaped much more by operational and fiscal-regulatory headwinds than being bought for a premium to its recent trading price. A month increase of 26% only partially mitigates a 31% fall since the inception of the index (-46% prior to the bid), especially since the stock yields only c. 1% from a dividend perspective.These issues continued to be revealed in weak trading in H1. Though while revenue declines were largely blamed upon ‘regulatory headwinds’, though these have typically impacted VIPs whereas Stride’s yield per player increased by 4% on a 23% decrease in active customers.In our view, this is probably largely due to a £1.9m (-17%) cut in marketing and improved efficiencies – i.e. cutting low quality, low margin (and also probably bonus-driven) revenue for operational rather than regulatory reasons (albeit with the fiscal catalyst of a 6ppt increase in RGD impacting post period as well as duty capturing of bonuses from August 2017). This mix shift is also reflected in the marked outperformance of mobile (+6% vs. implied c. 40% fall in desktop) as well as proprietary vs. third party (-9% vs. -24%).Another relatively bright spot was the outperformance of B2B, with its flagship Aspers client (generating nearly £1m in platform fees on a 119% revenue increase from a low base, though still early stage loss making as an entity). Fiscal-regulatory headwinds have therefore arguably improved both the operational focus and the underlying quality of the business at the expense of the top line and hitherto ‘easy’ profitability.However, whether this improved quality can drive sustainable growth from this point remains an open question, making a sale an attractive option, in our view.Disclaimer The narrative provided represents the opinions of the authors. Any assessment of trends or change is necessarily subjective. The information and opinions provided are not intended to provide legal, accounting, investment or policy advice, nor should they be used as a forecast. Regulus Partners may act, or has acted, for any of the companies and other stakeholders mentioned in this report.center_img 6th June 2019 | By contenteditor Marking the first anniversary of the RP iGaming Index’s launch, Regulus Partners’ Paul Leyland looks at the factors that have led to gaming stocks largely underperforming over the past 12 months, and what needs to be done to make them a worthwhile investment. Stride Gaming is the stock in focus. Tags: Mobile Online Gambling OTB and Betting Shops Slot Machines Email Addresslast_img read more

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FTSE 100 investors! I believe July is a great time to buy cheap shares to get rich

first_img “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address Image source: Getty Images. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. See all posts by Tezcan Gecgil, PhD I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Over the past three months, broader indexes such as the FTSE 100 have been steadily climbing. And many market participants have been celebrating. Rising stock markets typically mean increasing portfolio gains for those invested in stocks.Yet after the volatility and the decline in February and March, a large number of investors may still have a cash position. They may possibly wonder whether they are late to the party as they may regard shares as expensive now. However, I believe now is a good time to buy FTSE 100 shares. Here’s why.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Investors can still find cheap shares Since the lows seen in March, the UK’s main equity index is up over 20%. However, it is still down around 20% from its highs in February. Similarly many of the names in the FTSE 100 index are still lower compared to their 2020 highs. Here are year-to-date (YTD) price movements for several companies whose stocks I believe could be on your radar in the second half of the year.Oil major BP: YTD down 34.4%;Spirits giant Diageo: YTD down 15.7%;UK banking giant Lloyds: YTD down 50.8%;Healthcare group Smith & Nephew: YTD down 13.7%;Advertising leader WPP: YTD down 41.8%.No one can predict how markets will fare in July. However, we may see further gains in the markets in the coming months. Thus, if you liked a FTSE 100 company well enough to buy its stock in January, then I believe you should like its share price even more now.One of my favourite quotes from legendary investor Warren Buffett is: “Buy into a company because you want to own it, not because you want the stock to go up.”We should all invest in a company for the right fundamental reasons. Then buying the stock at a low share price following a market crash can only be a blessing as it would help generate wealth over the long term.FTSE 100 index climbs the wall of worryThe past several days have seen volatility kick back in. Recent market action seems to be tied to news headlines about restarting economic activity across the world and the number of new Covid-19 cases on a given day. Unfortunately there has been a considerable uptick in the number of cases in many countries. The number of hospitalisations is increasing, especially in the US, Asia, and Latin America.Many investors are wondering if it is time to take off their rose-tinted glasses. Could another market crash happen soon? Yes it could.Yet uncertainty may also create opportunity. Market history sides with the long-term optimist who regularly invests, especially in cheap shares.For example, most of us remember the uncertainty that followed the Brexit referendum of 2016. In the four years since then, many investors thought equity markets were on a rollercoaster ride, especially last year. Yet both the FTSE 100 and the FTSE 250 did exceptionally well in 2019. Sooner or later, question marks surrounding UK equities are bound to be dealt with. The Foolish takeawayMany solid companies have become more affordable than they were earlier this year. Yet they could regain their mojo in the coming months.  Therefore, the average investor should stop worrying about the current volatility and concentrate on long-term investment goals, such as retiring wealthy.center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Tezcan Gecgil, PhD | Monday, 6th July, 2020 Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares FTSE 100 investors! I believe July is a great time to buy cheap shares to get rich tezcang has no position in any of the shares mentioned. The Motley Fool UK has recommended Diageo and Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

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Aging with grace

first_imgShare on Facebook Tweet on Twitter 6 COMMENTS Reply Very true. Getting the most out of life is generally found in selfless acts of kindness. LEAVE A REPLY Cancel reply Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 TAGSDon LindseyInspiration Previous articleCoping with heat waves: 5 essential readsNext articleI have a plan… Denise Connell RELATED ARTICLESMORE FROM AUTHOR Reply Reply Support conservation and fish with NEW Florida specialty license plate Well Don, the idea of aging with grace is a wonderful thing, especially when your husband or wife is capable of aging along with you. Love each other and treat your darling with dignity and great love while you can my young friend for soon enough comes the day when one way or another you will say goodby in this life. Laugh, enjoy the sunshine, feel the rain on your face, run your fingers through her hair, whisper love into her ear and enjoy. Blessings pal, Chaz July 8, 2018 at 11:43 am July 8, 2018 at 2:28 pm Indeed. I’ve been blesed to have the perfect person for me in Tammy and we spend a lot of time just being grateful for the blessings that the Lord has given us. God bless you and yours Chuck! Donnie, Dr. Phil always talks about pivotal moments in your life, and a pivotal moment in my life was when my mom and I was shopping one day, back when she was still alive, and we went to the register to pay for my clothes that I had picked out to buy, and the lady cashier asked me for my senior citizen discount card, and I was like WHAT? I was stunned, to say the least, as well as insulted big time! I was only 32 years old at that time! We paid for our purchases, and left, and as I drove my mom and I home, I ranted all the way home, and for days about it. I told my mom, I’m not old! My mom however, never had such a great laugh in her life! I told her it wasn’t funny, and that how could that stupid lady even think that I was a senior citizen, at my age? My mom responded by laughing even harder. I got over it, after awhile, and my mom said that I should be glad that I will get a senior citizen discount, when I am older, and I wasn’t buying it, at all, but it is true, I do enjoy my senior discounts now…..LOL. Another time, I bought some wrinkle remover, that I just knew would make me look better, that you apply under your makeup, and it stated it would last for 24 hours, and so I put it on, under my makeup foundation, got ready to go out, and it wasn’t 30 minutes, until my mom and my husband said, ” you better go look in the mirror”, and so I did, and OMG, there was white stuff peeling off all over my face, and they both laughed themselves half to death, and I was the source of their great humor. It happens… so they say, and you know what I mean. Donnie, you and your parents will be just fine aging along life’s journey, it is just that there are “pivotal moments” in everyone’s lives, you just have to suck it up, and move on……… The Anatomy of Fear ej Please enter your name here The real HERO’S are always Defined by others not Self! Reply Reply Don Lindsey Please enter your comment! Don Lindsey is a follower of Christ, son, husband, father, and a survivor.  Originally from Dayton Ohio, and resident of Apopka for six years, Don sees his life as a dedication to his wife, parents, children, and community. July 7, 2018 at 9:59 pm Don Lindsey charles towne Reply Mama Mia Save my name, email, and website in this browser for the next time I comment. Absolutely. Thanks for the comment Mia and God bless. July 8, 2018 at 2:24 pm You have entered an incorrect email address! Please enter your email address here The VOICE of InspirationBy Don Lindsey.One of the wonderful things about having my parents living with us is the fact that as they age, we’re here to help with some of the stuff that is harder for them to accomplish now at 86 years old.  Besides that, I’m learning a lot about how to age gracefully.For one, I’m learning that it’s not easy.  At my age, I’m already feeling the basic aches and pains one gets rolling out of bed in the morning.  I’m also finding that I don’t have nearly the energy that I used to have when it comes to staying active throughout the day and when I look at my mother and see how happy she is every day, I get a little embarrassed because I’m half her age and I don’t handle getting older as well as she has for the last 40 years or so.When I think of her mother, I get a little more ashamed because that lady was the epitome of aging with grace.  I can still remember warming up for a little league baseball game and looking towards the parking lot to see this little old lady, with a big straw hat and a lawn chair heading towards the baseball diamond to watch her grandson. What’s more remarkable is that a few of those times she wasn’t feeling well because she had battled skin cancer and being out in the sun was not a good thing for her but despite that, she threw on her big floppy hat and came out to watch me play anyway.  When I’m looking for an example of what getting old looks like, I hope that I’m half the person that she was.My father is an example that I try to follow as well. He’s been through a preverbal hell in the last year with his health and massive changes to his life and those he is close to and yet every day, he’s looking to keep moving forward.  He has always been an example to follow as far as eating right, exercising, and staying in the best shape possible.  Even with his two hospital stays this year, he’s still in better shape than I am and now that he’s starting to turn the corner from a health standpoint, he’s looking to laser spine surgery to correct his back pain so that he can get the most out of his life without hurting.There are many other examples that I’m looking to follow the older I get, but the main thing I want to remember is that every day is a gift. If I can do that and stay in the moment, then maybe I’ll find the same success that my mother, father, and grandmother have shown me throughout my life.  For me, it comes down to knowing that aging is mandatory, but as I’ve learned from the elderly people in my life, aging gracefully is a choice. July 8, 2018 at 9:06 am July 8, 2018 at 2:27 pm Don Lindseylast_img read more

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NSPCC wins MPs respect

Howard Lake | 17 January 2001 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  17 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Following criticism over its spending priorities, as reported by UK Fundraising, children’s charity NSPCC today welcomed research from the Future Foundation that found that MPs believe it is the most effective campaigning charity.The Future Foundation set up the Charity Parliamentary Monitor to monitor MPs’ awareness of charities and their attitudes towards them.Read Repaid with interest at SocietyGuardian. Advertisement NSPCC wins MPs respect 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. read more

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Four Fundraising Camps announced

first_img Four more Fundraising Camps are being held around the UK in the next three months. UK Fundraising’s fresh take on a one-day conference will be held in Bognor Regis, Canterbury, Belfast and Plymouth.Eight Fundraising Camps plus one in-house version have been held since the inaugural one in Oxford 2013. They are inspired by the ‘unconference’ model which recognises that the delegates at conferences often have useful experience and expertise, if only one could unlock it on the day.So, there are no set speakers at a Fundraising Camp: the delegates themselves are encouraged to suggest topics and issues that matter to them, and then discuss them in a series of 30 minute sessions throughout the day. There are so many that a typical Fundraising Camp will have three sessions to choose from at any time.Fundraisers tell us that they come away with some valuable contacts and practical advice from other fundraisers who have faced similar challenges.Here is a report from the first Fundraising Camp:[youtube height=”450″ width=”800″]https://www.youtube.com/watch?v=4Ce9Tyy9Q_4[/youtube]Sector specific Fundraising CampsThe first Fundraising Camp events were open to any fundraisers and to any topic related to fundraising. We have also started to introduce some topic or sector specific Fundraising Camps, the first in December created for arts and culture fundraisers.The new series features one for heritage and environment organisation fundraisers. Of course, these are still open to any fundraiser, but the conversations will inevitably focus on heritage and environment fundraising.Next seriesBooking for Fundraising Camp is now open. Thank you to Blackbaud for once again supporting the series.The next events are:24 March: Fundraising Camp Chichester (at the Bognor Regis campus of the University of Chichester)With support from the University of Chichester, home to the world’s first undergraduate degree in fundraising20 April: Fundraising Camp CanterburyWith support from the Centre for Philanthropy at the University of Kent11 May: Fundraising Camp – Heritage & Environment (in Belfast)With support from instaGiv, the Institute of Fundraising NI and NIEL19 May: Fundraising Camp PlymouthWith support from the Centre for Sustainable Philanthropy, Plymouth UniversityFurther Fundraising Camps are already being planned, with the intention being to bring this kind of event to different towns of the UK and to different fundraising disciplines. Howard Lake | 5 March 2015 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Fundraising Camp heritage Training 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.center_img Advertisement  29 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Four Fundraising Camps announcedlast_img read more

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Uruguay president says: Yes to Gitmo prisoners, now what about Cuban 5?

first_imgUruguayan President Jose Mujica broke through the U.S. corporate media blockade and made headlines about the Cuban 5 heroes — three of whom remain in U.S. prisons. In a radio broadcast on March 21, Mujica reported that Uruguay would accept prisoners from the notorious U.S. Guantanamo concentration camp and also urged the U.S. to free the Five.“We’re not embarrassed to say that we asked the North American government if they would please do what they could because those two or three Cuban prisoners, they have been there many years, a way is being sought to free them, because that is also shameworthy,” said Mujica. (Reuters.com)Mujica raised humanitarian release for the remaining Cuban 5 heroes — Gerardo Hernández, Ramon Labañino and Antonio Guerrero — while providing a path for President Barack Obama to finally fulfill his promise to close Guantanamo prison. This act shows how international pressure has increased to end the Cuban 5’s nearly 16 years of injustice.Latin American and Caribbean countries stand united against the U.S. economic blockade and political isolation of Cuba. Even some Florida elected officials are open to allowing a resumption of trade and travel to the island. A recent poll by the Atlantic Council revealed that there is majority sentiment against the U.S. blockade and that it is stronger in Florida than in the rest of the U.S.A new, massive deep-water Cuban container port at Mariel Harbor, built together with Brazil, is prepared to handle superships from Asia through the widened Panama Canal. The U.S. government can no longer use the dwindling number of Cuban exiles in Florida who fled the island in 1959 with dictator Fulgencio Batista as a pretext for its goal of destroying Cuba’s hard-won sovereignty and independence.Who are the Cuban 5?The Cuban 5 are Cuban state security agents who were willing to make the great sacrifice of posing as traitors to the Cuban Revolution — thus damaging their reputations and relationships with their families and friends — to infiltrate the Miami-based paramilitary organizations responsible for bombing hotels and restaurants in Cuba in the 1990s. These groups committed terrorist murders of tourists in an attempt to sabotage that vital Cuban industry. South Florida CIA-trained exile networks planned and funded the assaults.Convicted of conspiracy charges, sentenced to long prison terms, the Five began their terms in U.S. prisons on Sept. 12, 1998. Two, René González and Fernando González, completed their full sentences and have returned to Cuba.Mujica’s offer to resettle prisoners from the U.S. Guantanamo camp, along with their families, is a humanitarian gesture by a political activist who was himself imprisoned for more than a decade by the past Uruguayan dictatorship. That regime was one of many throughout Latin America supported by the U.S. government, military and corporate interests. Mujica said plans were not yet finalized for five men to be transferred from Guantanamo to Uruguay, although Uruguayan officials have visited the prison.For more than ten years, the U.S. has held prisoners at Guantanamo who have never even been brought before a judge, Mujica noted. Guantanamo is most recently known for the desperate, mass-prisoner-protest hunger strikes. The prison regime uses torturous force feeding to prevent Washington’s exposure as a human rights violator due to potential mass suicide of Muslims.Mujica’s request to the Obama administration was distributed by major corporate news networks, including Associated Press, Reuters and Agence France-Presse, and has been picked up by ABCnews.go.com and news outlets from Idaho to Miami.Cheryl LaBash is an organizer of “5 Days for the Cuban 5” in Washington, D.C., June 4 to 11. For more information, go to 5daysfortheCuban5.com.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Famed chef Mario Batali investigated for sexual assault by NYPD

first_imgGeorge Rose/Getty Images(NEW YORK) — Beleaguered chef Mario Batali is being investigated by the New York Police Department for sexual assault allegations raised in a “60 Minutes” report that aired Sunday.The NYPD told ABC News that a woman came forward earlier this year to report the alleged assault that took place in the mid-2000s.The “60 Minutes” report featured an unidentified former employee of Batali’s, who spoke out about the 57-year-old chef and former TV star, saying he drugged and assaulted her in New York City more than a decade ago.After drinking wine with the chef at a popular Manhattan restaurant, the woman claims things got “completely foggy.”“I remember a moment where I was on his lap, kissing him. Like, he was kissing me,” she said on the program. “And then I remember throwing up in a toilet. And that is all. I woke up by myself on the floor. The first thing I think is I’ve been drugged.”Another thought that crossed her mind: “I’ve been assaulted,” she said.The woman added that she spoke to police after the alleged incident but did not file a report.A request for comment from Batali’s rep wasn’t immediately returned to ABC News, but the chef “vehemently” denied the assault to “60 Minutes.”https://twitter.com/60Minutes/status/998350571450064897As for other allegations against him, he told the show, “My past behavior has been deeply inappropriate and I am sincerely remorseful for my actions.”Last December four women came forward and told the website Eater that Batali had sexually harassed them.“I apologize to the people I have mistreated and hurt. Although the identities of most of the individuals mentioned in these stories have not been revealed to me, much of the behavior described does, in fact, match up with ways I have acted. That behavior was wrong, and there are no excuses. I take full responsibility and am deeply sorry for any pain, humiliation or discomfort I have caused to my peers, employees, customers, friends and family,” Batali said in a statement late last year.After the Eater piece, Batali was asked to leave ABC’s “The Chew” and he offered to step away from the day-to-day operations of his restaurant group. Batali’s former organization, the Batali and Bastianich Hospitality Group, told “60 Minutes” that it finds the allegations “deeply disturbing” and that “our partnership with Mr. Batali is ending. We have been actively negotiating with Mr. Batali to buy his interests in the restaurants.”Copyright © 2018, ABC Radio. All rights reserved.last_img read more

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Former Juab High Star Kashley Carter Earns All-Academic Honors At Utah State

first_img Brad James Written by June 27, 2019 /Sports News – Local Former Juab High Star Kashley Carter Earns All-Academic Honors At Utah State FacebookTwitterLinkedInEmailLOGAN, Utah-Per a statement released by Utah State University’s athletic department Thursday, former Juab High and Aggies star, recently graduated distance runner Kashley Carter, earned first-team All-American honors from Google Cloud.Carter, a native of Mona, Utah, was among 53 of the 90 student-athletes selected by the College Sports Information Directors of America to carry a 4.0 GPA or higher.Carter earned a bachelor’s degree from Utah State in pre-physical therapy and was the valedictorian for the Emma Eccles Jones College of Education and Human Services.Carter will enter the University of Utah’s physical therapy school in May.Carter is also one of five U.S. track and field/cross country recognized as the top scholars at the 26th annual USU Joe E. and Elma Whitesides scholar-athlete luncheon this past April.Carter is the Aggies’ all-time leader in the 5000-meter run (16:32.28), second in school history in the 3000-meter steeplechase (9:40.52) and second in school history in the 10,000-meter run (34:37.86).She is also in the Utah State record book in indoor track and field, ranking second in the 5000 meters (16:32.28) and second in the 3000 meters (9:38.21). Tags: College Sports Information Directors of America/Google Cloud/Kashley Carter/USU Athleticslast_img read more

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OnTheMarket could cost members ‘millions’ in legal battles, says Zoopla

first_imgHome » News » OnTheMarket could cost members ‘millions’ in legal battles, says Zoopla previous nextProducts & ServicesOnTheMarket could cost members ‘millions’ in legal battles, says ZooplaTop UK law firm advises that OTM and every member could be fined if the Agents Mutual arrangements are found to infringe competition law.PROPERTYdrum24th February 20150599 Views Zoopla Property Group this morning ramped up its attack on OnTheMarket with a further statement that warns OTM members that they could be infringing competition law, leaving themselves open to litigation, fines and compensation costs.Zoopla Property Group’s statement said, “According to advice from top UK law firm, Freshfields Bruckhaus Deringer LLP, if the Competition and Markets Authority (CMA) ever concluded that Agents’ Mutual Limited’s (AM) arrangements infringe competition law, not only would AM as a corporate entity be subject to fines and possible damages, but each individual member agent would also likely be liable based on their participation in AM.“The advice, provided to Zoopla Property Group plc (ZPG), states that, if the CMA at any time found an infringement of competition law, it could impose fines on each agency of up to 10% of their total annual turnover. In the case of an independent single branch firm the fines could run into the tens of thousands of pounds or for a larger firm such as Savills plc into the tens of millions of pounds.“The advice adds that any of AM’s competitors, including competing portals and excluded online agents and property developers that have suffered losses as a result of any anti-competitive actions, could use the CMA’s decision to seek damages in ‘follow-on’ litigation, including compensation for lost profits, the diminution in the value of capital assets or lost commercial opportunities. And, critically, each agency firm would be individually liable for the full amount of any damages awarded, rather than just for a share, which could run into the million of pounds.“Whilst the CMA may choose to take a ‘wait and see’ approach to AM and not act immediately, the implication of the advice is that, if at any time during the life of AM the CMA does rule that its conduct has been anti-competitive, then the risks for those firms involved could be potentially devastating.“Drawing on case law from 2012, the advice reveals that The Competition Appeal Tribunal awarded exemplary damages where it found that the defendants had acted with a specific intent to eliminate a competitor from the market. The specific statements and actions of AM with regard to ZPG create a heightened risk for its members in this regard.”Lawrence Hall (left) of ZPG commented, “Following receipt of this advice and the significant potential risks, we felt it important to share this information with our members and other industry participants in the interests of transparency. We do wonder if Agents’ Mutual has made its members fully aware of the potential exposure that they have opened each of them up to.”And in the last few days, the war of words has continued between Zoopla and OnTheMarket.Zoopla has accused OnTheMarket (OTM) boss Ian Springett of providing the property industry with information that is “either blatantly false or designed to mislead” while it also claims that OTM “are doing their members a disservice” by not allowing them to “advertise freely” with other portals, as the UK property portal war starts to turn nasty.OTM last week issued a press statement announcing that less than two weeks after their marketing campaign started, they had already attracted in excess of one million unique visitors to the OTM website.Zoopla responded to OTM’s claim of one million unique visits to its new portal by suggesting that the newly launched portal was practically plucking figures out of the air, with no authoritative source to back up their data.“We feel compelled to respond to some of the recent claims made by Ian Springett, which are simply not based on fact,” said Lawrence Hall (left), Head of Communications at Zoopla Property Group (ZPG). “As we have said before, we are a data-driven business and will let the numbers do the talking rather than making unsubstantiated claims and promises.”Hall said that OTM’s strategy of “going after ZPG” was a “curious” one, given that ZPG now attracts one of the largest audiences of property consumers in the UK, “with over 20 per cent of all online property eyeballs.”“This strategy appears to be borne out of frustration at the lack of impact that OTM is having with consumers and lack of results it is getting for its members,” he continued.ZPG’s Head of Communications, who insisted that its members are enjoying “record levels of exposure, enquiries, instructions and value”, went on to accuse OTM of doing their members “a disservice by not allowing them to advertise freely with others”.“Some have left to trial OTM and we expect that many will return in due course as they recognise the value they have given up and that the OTM strategy is flawed. This is happening already,” Hall added.He continued, “Dealing specifically with some of the recent claims, we feel it is important for agents to make decisions based on facts and not information that is either blatantly false or designed to mislead, “OTM claims its millionth unique visitor – there is no source for this data to substantiate this claim and whilst OTM claims Hitwise data to be incorrect, it is the most widely recognised and used metric for internet businesses. Hitwise may not be 100 per cent accurate but it is not far off. OTM may have recorded its one millionth visit but that is wildly different to its claim of unique visitors which is either misunderstood or deliberately intended to mislead. OTM’s unique visitors are likely around 20 per cent of that figure. The Hitwise data would suggest that they meant visits and not unique visitors and on this basis, OTM has achieved the same audience in the last three weeks that ZPG gets in less than a day.”Responding to Zoopla’s accusations, Ian Springett (right), Chief Executive of OnTheMarket.com, said, “We stand by every figure we have previously stated and there is no question that on Saturday we welcomed our one millionth unique user to OnTheMarket.com.“What’s more, our momentum is continuing to grow as our membership base expands along with consumer traffic.“We reiterate that we are confident in becoming the number two portal within a year.”OnTheMarket portals competition_law Zoopla February 24, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicensed rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021last_img read more

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National Life Group & Charitable Foundation donated over $500,000 in Vermont

first_imgA sampling of other community programs benefitting from National Life Group Charitable Foundation support include Everybody Wins! (a reading mentor program), Girls Move Mountains, Kellogg Hubbard Library, the Lund Family Center, Mobius (a mentoring program), and the Shelburne Museum. ‘National Life Group’s donation made all the difference in our campaign,’ says Judy Tarr, CEO of Central Vermont Medical Center. ‘The new facility helps support a full service cancer treatment center where eighty to eight-five percent of all cancer patients living in central Vermont can focus on healing.’ Over 6,000 radiation sessions were delivered in 2010.  ‘We take seriously our commitment to our communities. We do so by supporting a wide range of nonprofits that focus on providing homes, heat, health, education, the arts and human services,’ said Mehran Assadi, President and CEO. The $500,000 donated together from the National Life Group Charitable Foundation and National Life Group offered support to some 140 nonprofit organizations in 2010. A major contribution to Central Vermont Medical Center’s now named National Life Cancer Treatment Center completed a radiation center providing Central Vermont residents with new access to local radiation therapy instead of driving to Burlington or Hanover. National Life Group,The National Life Group Charitable Foundation is deeply woven into the fabric of the Central Vermont community where the state’s oldest and largest LEED certified building resides. The National Life Building houses National Life Group and its corporate giving non-profit organization, the National Life Group Charitable Foundation. In 2010, the two collectively provided financial, infrastructural, and community enhancement support totaling over $500,000. The Vermont Historical Society’s capital campaign was completed with support from the National Life Group Charitable Foundation resulting in saving the Historical Society’s signature bell tower and adding three Vermont heritage galleries for rotating public exhibits. National Life employees across all campuses donated over $30,000 in the company’s first ever Community Giving Campaign, which allowed employees to give to their favorite charity using payroll deduction. Employees also took advantage of the company’s generous 40 hour per week volunteer policy by clocking more than 1,500 hours helping local charitable groups.About the National Life Group Charitable Foundation The goal of the National Life Group Charitable Foundation is to give back to the community by supporting organizations and initiatives that make a positive difference. The Foundation was created in 2006 and benefits an estimated 100 organizations each fiscal year.  More info at www.nlgcf.com(link is external).last_img read more

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