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Sportech hit by impairment costs as losses widen in 2019

first_img Subscribe to the iGaming newsletter Sportech has said that impairment costs related to a sports bar asset in Stamford, Connecticut, in the US meant losses widened in 2019, but the betting technology provider was able to report a year-on-year increase in total revenue. Sportech hit by impairment costs as losses widen in 2019 Topics: Finance Sports betting Horse racing Tags: Online Gambling Race Track and Racino Sportech has said that impairment costs related to a sports bar asset in Stamford, Connecticut, in the US meant losses widened in 2019, but the betting technology provider was able to report a year-on-year increase in total revenue.Revenue for the 12 months through to 31 December 2019 amounted to £64.8m (€69.5m/$74.9m), up 2.1% from £63.5m in reported revenue in 2018. The Racing & Digital business was the primary source of income for the year, with revenue climbing 7.4% year-on-year to £36.5m. Service revenue in this segment was up 8.7%, but sales revenue slipped 17.7% to £1.4m.Sportech racing & digital provides pari-mutuel betting technology and services to 287 racetracks, off-track betting networks, casino, lottery, and online operator clients, plus 147 commingling clients, in 38 countries and 36 US states.Meanwhile, Sportech’s venues division saw revenue fall by 4.3% from £30.1m in 2018 to £28.8m. Wagering revenue was down 3.9% to £24.4m, while Sportech also saw food and beverage revenue fall 8.3% to £4.4m across the venues arm.In terms of spending during the year, the cost of sales was reduced by 3.2% from £18.5m in 2018 to £17.9m, while marketing and distribution costs fell from £1.8m to £1.5m.Adjusted costs were slightly up from £35.9m to £36.1m, due in part to Sportech spending more on staffing, with this rising 2.0% to £26.0m. Property costs were down to £3.6m, while other costs were also marginally down to £6.5m.However, despite higher revenue and lower spending across the board, Sportech reported a loss before interest and tax of £7.7m, compared to £2.9m in 2018, due to impairment costs related to property, plant and equipment totalling £5.0m at its venue in Stamford, Connecticut.When accounting for net finance charges totalling £695,000, loss before tax came in at £8.4m, up from £2.7m in the previous year. Combining this with £6.0m in tax payments net loss for the year stood at £14.5m, compared to £2.6m in 2018.Sportech, however, did see an improvement in terms of adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), with this increasing from £6.5m to £7.5m.“We continue to progress our strategic agenda focused on driving further development of our group platforms following 2019 growth opportunity investments, whilst managing the inherent cost base,” Sportech chief executive Richard McGuire said.“Despite the challenging retail environment and excluding some cost measures taken to reposition the Group, our performance in 2019 has been as expected.“In particular, we have recorded positive progress with key performance metrics beyond, the typically focused, EBITDA measure; namely cash generation from operational activities, capex reductions and delivery of a lower operational cost base going forward.”McGuire also referenced the ongoing situation regarding the global outbreak of novel coronavirus, saying that it is difficult to give accurate guidance with any certainty for the full-year. The business has already closed a number of its US venues in response to the outbreak.“The situation remains highly uncertain, but clearly Covid-19 will have a significant impact on our business given certain of our businesses are dependent on sporting events continuing, even if behind closed doors,” McGuire said. “Understandably, the period of disruption is uncertain, but having strengthened our online capabilities during 2019 we are better positioned to deliver a broader service wherever possible.“In this period of concern and uncertainty, we initiated a Sportech Covid-19 response task force and continue to work closely with our clients and our staff to ensure, as best we can, a combination of continuity where permissible and precautionary safety measures.”center_img Finance 19th March 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

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Stanbic IBTC Bank (IBTC.ng) Q32019 Presentation

first_imgStanbic IBTC Bank (IBTC.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2019 presentation results for the third quarter.For more information about Stanbic IBTC Bank (IBTC.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Stanbic IBTC Bank (IBTC.ng) company page on AfricanFinancials.Document: Stanbic IBTC Bank (IBTC.ng)  2019 presentation results for the third quarter.Company ProfileStanbic IBTC Plc is a financial services company in Nigeria offering banking products and services for the retail, corporate, investment and wealth management sectors. The Personal and Corporate Banking division provides a full-service offering ranging from transactional accounts to residential accommodation loans, vehicle and equipment finance and instalment finance. The Corporate and Investment Banking division offers products and services for foreign exchange, fixed income and equity trading as well as transactional banking, corporate and property lending and custodial and trade finance services. The Wealth Management division provides services for investment management, pension management, portfolio management, unit trust/fund management and trusteeship services. Stanbic IBTC Holdings Plc undertakes venture capital projects and private equity investments; acts as an executor and trustee of wills and trusts; and provides agency, insurance brokerage and stockbroking services. Founded in 1989, Stanbic IBTC Holdings Plc is a subsidiary of Stanbic Africa Holdings Limited. Its company head office is in Lagos, Nigeria. Stanbic IBTC Plc is listed on the Nigerian Stock Exchangelast_img read more

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Mega African Capital Limited (MAC.gh) HY2019 Interim Report

first_imgMega African Capital Limited (MAC.gh) listed on the Ghana Stock Exchange under the Financial sector has released it’s 2019 interim results for the half year.For more information about Mega African Capital Limited (MAC.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Mega African Capital Limited (MAC.gh) company page on AfricanFinancials.Document: Mega African Capital Limited (MAC.gh)  2019 interim results for the half year.Company ProfileMega African Capital Limited (MAC) is an investment holding company with interests in the development, purchase, sale and rental of real estate and investment in equities and fixed income investments. The company targets high net-worth investments looking for opportunities to invest in Africa which will yield high returns. MAC is geared to provide medium- to long-term capital growth through investments in listed and unlisted companies in Africa. The company has investments in Ghana, Malawi and Tanzania. MAC is owned by OAK Partners, a private investment institution based in Accra, Ghana. Mega African Capital Limited is listed on the Ghana Stock Exchangelast_img read more

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Let’s Talk About it – Episode 24: A full mailbag of…

first_img Mama Mia Mama Mia This Monday on LET’S TALK ABOUT IT with Rod Love and Greg Jackson, we have a lot to pack into one hour, because the LET’S TALK NATION mailbag was filled this week with letters and comments from listeners across the country.From the Austin Bomber to “white privilege” to collapsing bridges and disappearing resources in minority communities, you do not want to miss a word of what the “Dynamic Duo” has to say about some of the most talked about topics in the country today — topics that affect your lives. Join Rod Love and Greg Jackson on LET’S TALK ABOUT IT, every MONDAY from 7:00pm to 8:00pm on 1680am WOKB, online at www.wokbradio.com, on Facebook @letstalkaboutitlive or call-in to 407-884-1680.LET’S TALK ABOUT IT is Central Florida’s leading results-oriented radio talk show … This is a can’t miss show that will blow your mind! Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Mama Mia The Anatomy of Fear 5 COMMENTS TAGSGreg JacksonLet’s Talk About ItRod Love Previous articleThe First 100 Days: How Mayor Nelson will start his first termNext articleHere Are All The TV Shows And Movies Coming To Netflix In April Denise Connell RELATED ARTICLESMORE FROM AUTHOR March 26, 2018 at 9:23 pm Support conservation and fish with NEW Florida specialty license plate March 26, 2018 at 9:16 pm Reply Hello Rod and Greg…..I listened to your radio show tonight. I read this strange headline and article, and I don’t know if either of you have heard about this, but this is so absurd that it sounds like this idea was dreamed up in Flori-duh, but no, it is from Penn. A school superintendent has come up with a way to help keep school kids safe with gunmen on the loose, threatening their kids safety. His plan is to do safety drills, with a plan known as ALICE, with stands for Alert, Lockdown, and now, I forget the other things it stands for…lol…. with the kids participating, so they will know what to do, and here is the plan he came up with as a last resort…. 5 gallons buckets loaded up with sizable river rocks that the school kids are instructed to chunk at the gunman’s face and head, if he enters through the doorway…….lol Yes, history is repeating itself, from the bible days when people were stoned to death, and once again from cave man days……a legislator there in Penn. when told of the superintendent’s plan, asked could he come watch, which caused people to erupt in laughter and others got angry at him for thinking it was funny….what do you two think about this school superintendent’s plan for the Blue Mountain High School in Penn??? Reply *****Let’s Talk About It, with Rod Love and co-host Greg Jackson, now on its 24th episode, is an edgy new radio program that has a distinct “Apopka” tone.Rod LoveHosts Rod Love and Greg Jackson are well-known figures in Apopka. Love is a local businessman and the co-chair of the Apopka Task Force against Violence. He is a consistent speaker at Apopka City Council meetings. Jackson is a local attorney that ran for the Florida Legislature in 2016 for District 45, which includes a part of Apopka.The show airs on WOKB 1680AM on Mondays from 7-8 PM. You may also stream it online here.Let’s Talk About It describes itself as a show in search of results-oriented solutions. It tackles important subjects such as crime in urban communities, jobs, business growth, relationship with the police, transitioning from a mom and pop proprietorship to mom and pop incorporation and a whole lot of other action initiatives that affect the quality of life of individuals and families are the major focus. Its goal is to develop an understanding of the everyday needs and issues of people and assist in empowering them with the necessary information or motivation towards addressing such needs, all with the support of professionals or experts who will be the show’s guests.Greg Jackson  Let’s Talk About It has an interactive style of information sharing that is both entertaining and educational.  It acts as a vehicle for civic and faith-based organizations, small businesses and everyday citizens to be able to work together to foster a progressive development of communities’ interactivity with one another.To join the conversation tonight, call Let’s Talk About It at 407-894-1680. You can google something like I mentioned and find the story. I first saw it on FOX 35 News. Another school had considered that guy’s plan, but instead to use golf balls to throw at the gunman, instead of big river rocks, but then reconsidered, as they wouldn’t hurt as much, and be as effective as the river rocks….LOL. OMG, unbelievable, just wondering your perspectives, if you see this. Good night, Rod and Greg. I enjoy your radio show! Today’s tv news had a story about a Chinese student at UCF who has a super- sized assault rifle, and I mean a big one! I think that is the biggest assault rifle weapon I have ever seen. This same “kid” also had bought multiple other weapons, and had also paid $70,000 dollars cash for a flashy brand new yellow car, that looked like a Corvette to me. I wonder how a young guy gets his hands on the cash for not only on the “weapons of mass destruction” but also that kind of cash for that kind of a new car?!?!! The authorities indicated he will probably be deported. Had changed his appearance too with hair color. Authorities were getting very concerned about his behavior and actions….. Please enter your comment!center_img March 28, 2018 at 8:23 pm Mama Mia Reply March 28, 2018 at 8:22 pm Mama Mia You have entered an incorrect email address! Please enter your email address here From Let’s Talk About it with Rod Love and Greg Jackson Reply Save my name, email, and website in this browser for the next time I comment. What do you think about this??? Reply LEAVE A REPLY Cancel reply Share on Facebook Tweet on Twitter Strangely enough, I watched tv tonight, and saw this story about an foreign exchange student from Taiwan, who had an American host family, letting him live with them in good faith, and this kid, who was 18, I believe, the tv stated, had an arsenal of guns, ammo, and fuel, in his room, when the police went there, after another kid reported a threat that he had made at a Penn. high school, which was to kill everyone. The exchange student, then told his fellow high school mate, that he was only “kidding”……the tv story said he could face about two years in prison, and his attorney said the foreign exchange student didn’t understand the American culture, and the seriousness of school shootings here in America, and thought it was his idea of a joke….????? March 29, 2018 at 6:12 pm Please enter your name herelast_img read more

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Eighteen coffins line Paris human rights plaza in homage to slain Russian journalists on first anniversary of Politkovskaya murder

first_img BelarusEurope – Central Asia News June 2, 2021 Find out more Organisation RSF at the Belarusian border: “The terrorist is the one who jails journalists and intimidates the public” News Russian media boss drops the pretence and defends Belarus crackdown Reporters Without Borders activists gathered at the Trocadero human rights plaza in Paris today to honour the memory of Anna Politkovskaya, the Russian journalist who was murdered one year ago in Moscow. Eighteen coffins were displayed, one of each of the journalists killed in Russia since Vladimir Putin became president. Photo : AFP Help by sharing this information BelarusEurope – Central Asia Receive email alerts “We welcome opening of criminal investigation in Lithuania in response to our complaint against Lukashenko” RSF says Follow the news on Belarus May 28, 2021 Find out more Reporters Without Borders staged a ceremony today at the Trocadero human rights plaza in Paris to mark the first anniversary of Novaya Gazeta reporter Anna Politkovskaya’s murder in Moscow, displaying photos of Vladimir Putin and Politkovskaya alongside 18 coffins representing the 18 journalists killed in connection with their work in Russia since Putin became president in March 2000. Putin’s photo was embellished with the insignia of his French Legion of Honour award.“We urge the Russian authorities not to identify convenient suspects in this case,” the press freedom organisation said. “The investigation took a disturbing turn a few weeks ago and we hope that a trial will open as soon as possible. Combatting impunity for the murderers of journalists in Russia continues to be a priority.”Reporters Without Borders added: “We do not forget Anna or the 17 other journalists killed in the past seven years, and we will do everything we can to ensure that justice is done.”Tomorrow, France’s new secretary of state for foreign affairs and human rights, Rama Yade, is due to show her support for all those seeking to know the truth in this case by placing a wreath at the stone that bear’s Politkovskaya’s name at the Journalists Memorial in Bayeux, in Normandy.“This is not just a life that has been snatched away, it is also the truth that has died,” Yade is planning to say tomorrow to those attending the ceremony. The choice of the Journalists Memorial is particularly appropriate for a ceremony as Politkovskaya was gunned down in Moscow on the day it was inaugurated – 7 October 2006.In other ceremonies in honour of Politkovskaya, Reporters Without Borders participated in the inauguration by the Rome municipal authorities of a square bearing her name. In Perpignan, in southwestern France, the municipal council on 24 September approved a decision to name a public area after her. And in Berlin, Reporters Without Borders is due to attend a gathering outside the Russian embassy on 7 October.Meanwhile in Russia, the Politkovskaya murder case took a new turn on 2 October with the claim by Alexandre Bastrykin, the head of the Russian commission set up specially to oversee the investigation, to Izvestias that former Chechen official Shamil Burayev played the lead role in the organisation of the murder. On 27 August, prosecutor-general Yuri Chaika had announced the arrest of 10 other suspects.The prosecutor’s office is working on the assumption that the murder was the work of a Chechen criminal gang with help from within the security forces. Investigators have also suggested that the instigator could have been someone based abroad. But a series of contradictory statements – for the most part unconfirmed – in recent weeks has fuelled doubts about the will of the authorities to really solve this murder.Politkovskaya was one of the few Russian journalists to specialize in coverage of Chechnya. A story by her on torture in Chechnya, accompanied by photos, was due to have been published in Novaya Gazeta two days after her murder.The French government awarded the Grand Cross of the Legion of Honour to President Putin on 22 September 2006 for “services to France and the causes it defends.” Reporters Without Borders complained to the Council of State about this award, calling it “a decision unworthy of France” and requesting its withdrawal. The request was rejected. RSF_en May 27, 2021 Find out more News October 5, 2007 – Updated on January 20, 2016 Eighteen coffins line Paris human rights plaza in homage to slain Russian journalists on first anniversary of Politkovskaya murder to go further Newslast_img read more

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Heart Walk is Thursday

first_imgLatest Stories Sponsored Content By The Penny Hoarder By Jaine Treadwell Book Nook to reopen Print Article Pike County Sheriff’s Office offering community child ID kits Penny Hoarder Issues “Urgent” Alert: 6 Companies Are… Plans underway for historic Pike County celebration Heart Walk is Thursday Remember America’s heroes on Memorial Day Troy falls to No. 13 Clemson Next UpThat’s why we walk, they said.The Heart Walk is an opportunity for the people of Pike County to be involved in helping reduce the number of deaths caused by heart disease and stroke.Survivors of heart attack and stroke will have the honor of making the first lap around the track Thursday night. Caregivers of the survivors will join their family members or friends on the second lap; then,  all others will be invited to join the Pike County Heart Walk. “More than 80 percent is used for research and education,” she said. Those who are unable to attend, the Pike County Heart Walk on Thursday but would like to support the Heart Walk may send donations to the Pike County Heart Walk c/o Tracey Davis, P.O. Box 967, Troy, Al 36081. Email the author “Those who participate will be treated to a healthy meal and will also have a chance at taking home really nice door prizes,” Davis said. “Two of our sponsors are involved in the Heart Walk. Walmart donates the food and Horn Beverage donates the water. Employees from the Walmart DC in Brundidge will be on hand to prepare the food.”The co-chairs expressed appreciation to the Pike County Heart Walk sponsors who make possible the annual event that benefits the American Heart Association.“Year after year, they have donated to the Pike County Chapter of the American Heart Association,” Doty said. “The money that is raised is sent to the American Heart Association where it is used in the fight against heart disease and stroke, through research and awareness.”Davis said out of each $100 donated, only 7.1 percent is for administrative costs. Published 9:26 pm Tuesday, February 25, 2020 MILESTONE: CHCHC earns prestigious certification As Charles Henderson Child Health Care Center embarks on its fifth decade of service to the community, a new national… read more The annual Pike County Heart Walk and related activities will be from 5 until 7 p.m. Thursday at the Troy Sportsplex on Enzor Road in Troy. Everyone is invited to be a part of this event that benefits the American Heart Association.Tracey Davis and Teresa Doty, 2020 Pike County Chapter of the American Heart Association co-chairs, said statistics provide the hard facts as to why Pike Countians should support the annual Pike County Heart Walk.“Heart disease is the leading cause of death for men and women in the United States,” the co-chairs said. “One person dies every 37 seconds in the United States from cardiovascular disease. About 647,000 Americans die from heart disease each year, that is one in every four deaths.” You Might Like Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Patriot Health ZoneHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential Health32-second Stretch Ends Back Pain & Sciatica (Watch)Healthier LivingThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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“READERS FORUM” JULY 12, 2019

first_imgTodays “Readers Poll’ question is:  Do you feel when Scott Danks resigned from the Vanderburgh County Democratic party Chairmanship it will hurt current Democratic City Council candidates election chances? If you would like to advertise in the CCO please contact us at City-County [email protected]: City-County Observer Comment Policy. Be kind to people. Personal attacks or harassment will not be tolerated and shall be removed from our site.We understand that sometimes people don’t always agree and discussions may become a little heated.  The use of offensive language and insults against commenters shall not be tolerated and will be removed from our site.Any comments posted in this column do not represent the views or opinions of the City-County Observer, our media partners or advertisersFacebookTwitterCopy LinkEmailShare,We hope that today’s “READERS FORUM” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way.,Todays “Readers Poll’ question is:  Do you feel when Scott Danks resigned from the Vanderburgh County Democratic party Chairmanship it will hurt current Democratic City Council candidates election chances? We hope that today’s “READERS FORUM” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way.WHAT’S ON YOUR MIND TODAY?center_img If you would like to advertise in the CCO please contact us at City-County [email protected]: City-County Observer Comment Policy. Be kind to people. Personal attacks or harassment will not be tolerated and shall be removed from our site.We understand that sometimes people don’t always agree and discussions may become a little heated.  The use of offensive language and insults against commenters shall not be tolerated and will be removed from our site.Any comments posted in this column do not represent the views or opinions of the City-County Observer, our media partners or advertisers,Todays “Readers Poll’ question is:  Do you feel when Scott Danks resigned from the Vanderburgh County Democratic party Chairmanship it will hurt current Democratic City Council candidates election chances?last_img read more

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“READERS FORUM” JANUARY 31, 2018

first_imgWHATS ON YOUR MIND TODAY?We hope that today’s “Readers Forum” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way?”Todays “Readers Poll” question is: Do you feel that President Trump did a credible job presenting his State Of The Union speech last night?Please take time and read our articles entitled “STATEHOUSE Files, CHANNEL 44 NEWS, LAW ENFORCEMENT, READERS POLL, BIRTHDAYS, HOT JOBS” and “LOCAL SPORTS”.  You now are able to subscribe to get the CCO daily.If you would like to advertise on the CCO please contact us City-County [email protected]’S FOOTNOTE:  Any comments posted in this column do not represent the views or opinions of the City-County Observer or our advertisers. FacebookTwitterCopy LinkEmailSharelast_img read more

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Winter Weather Advisory in Effect for Wednesday Morning

first_imgThe National Weather Service issued a winter weather advisory in effect for Ocean City from 4 a.m. to 1 p.m. Wednesday (Feb. 26).Light snow is expected to begin by dawn and continue through the morning. While accumulations are not expected to exceed an inch or two, forecasters warn that snow, sleet or freezing rain could create hazardous driving conditions as people travel to school or work on Wednesday morning.The high temperature is predicted at 33 degrees with a northwest wind 8 to 18 mph. The low on Wednesday night will fall to 12 degrees. And temperatures in the 20s and 30s will stick around at least through the weekend.Tidal flooding is not expected to be an issue with this storm, but high tides are at 5:21 a.m. and 5:50 p.m. at the Ninth Street Bridge. Snow covers the Ocean City Boardwalk after a January 29 storm.last_img read more

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Lukas Prize Project Awards announced for 2010

first_imgThe Nieman Foundation at Harvard and the Columbia University Graduate School of Journalism recently announced this year’s recipients of the J. Anthony Lukas Prize Project Awards for exceptional nonfiction.The Lukas Prizes, established in 1998 and selected by committee members from Harvard and Columbia, recognize excellence in nonfiction writing that exemplifies the literary grace and commitment to serious research and social concern that characterized the work of the awards’ Pulitzer Prize-winning namesake J. Anthony Lukas, who died in 1997.Winners for 2010 include David Finkel, for his up-close examination of the human costs of making war; James Davidson, for his study of the homoerotic culture of ancient Greece; and Jonathan Schuppe, for his account of life in inner-city Newark, N.J., which focused on the efforts of an ex-con and former drug dealer to help impoverished children in the city’s most depressed neighborhood.To read the full story, visit the Neiman Foundation Web site.last_img read more

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