CITYVIEWS: IS LABOUR RIGHT TO CALL FOR THE BANK BONUS TAX TO BE REINTRODUCED?

first_img Show Comments ▼ CITYVIEWS: IS LABOUR RIGHT TO CALL FOR THE BANK BONUS TAX TO BE REINTRODUCED? whatsapp whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Monday 14 March 2011 9:11 pm KCS-content Share PETER SYMES | JLT“No. People who would otherwise come to work in banks in the UK, paying other taxes, would be driven away to work elsewhere. It wouldn’t help the government.”DAVID JONES | QBE“No. If we end up with a bonus tax on banks it would cascade to everyone else. Everyone has a choice in life, if you end up in a bank, why should you be taxed more?”TOLA ADERINOKUN | SONY GLOBAL“Yes. They earn a lot of money and we’re in a mess because of them. It would make a difference, because they get a lot in bonuses. It would help to fix our finances.” Tags: NULLlast_img read more

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Chaucer says New Zealand quake bill £19m

first_imgFriday 18 March 2011 3:44 am Tags: NULL Share whatsapp Show Comments ▼ whatsappcenter_img John Dunne Insurer Chaucer estimated its loss from last month’s New Zealand earthquake at £19m, but said it was still too early to assess the impact of the Japanese quake.Chaucer, currently in talks with potential buyers including private equity businessman Guy Hands, also cut its estimated loss from the quake that struck New Zealand in September last year to £17m, from an initial estimate of £24m.The company added it was still assessing its exposure to last week’s Japanese quake, which risk modelling agency Eqecat has estimated could cost the insurance industry up to $25bn. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Geniusmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today Chaucer says New Zealand quake bill £19m last_img read more

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Lloyds beats lending targets

first_imgWednesday 23 March 2011 12:04 pm Part-nationalised bank Lloyds Banking Group has met its targets for lending to businesses and for mortgages, it has announced.The high street lender extended £11.7bn in lending to small and mid-sized businesses and £37bn to larger companies in the year to February 2011, beating its annual target by £4.7bn.It also provided £23.5bn in gross mortgage lending to more than 50,000 people, excluding re-mortgages, beating its commitment of £23bn.“Through the Business Finance Taskforce, we are delivering 18 measures, focused on improving access to finance, and we’ve also agreed collectively to make up to £190bn of gross new lending available to businesses, subject to demand, alongside four other major banks,” it said.Lloyds said it approved eight out of ten requests for lending by businesses and eight out of ten mortgage applications.It had also kept its lending margin for businesses at 2.6 per cent over the Bank of England’s base rate, which it said was almost identical to the margin charged in 2007. It also said it was responsible for 30 per cent of all loans offered through the government’s Enterprise Finance Guarantee Scheme. Lloyds has extended 4,000 loans, worth £300m to date, it said. Tags: NULL Share whatsapp Lloyds beats lending targets Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Show Comments ▼ whatsapp alison.lock last_img read more

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ECB’S MERSCH: LOW RATES ARE TEMPORARY

first_img Share whatsapp MORE hawkish warnings from the European Central Bank were voiced by senior official Yves Mersch yesterday. “A policy of low interest rates can lead to distortions,” Mersch said. Accommodative interest rates “can only be temporary”, he stressed, warning of the “very negative consequences” of historically low rates. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald KCS-content ECB’S MERSCH: LOW RATES ARE TEMPORARY center_img Wednesday 13 April 2011 7:56 pm whatsapp Tags: NULL More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼last_img read more

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Hills sells trackside portfolio

first_img Topics: Finance Sports betting Horse racing Regions: UK & Ireland Finance Hills sells trackside portfolio William Hill will focus on its racetrack betting shops after selling its entire portfolio of trackside pitches.The bookmaker has sold 82 stalls to the owner of leading racetrack operator Sid Hooper in a deal the Racing Post suggests is worth around £2m (€2.3m/$2.6m).The sale brings to an end almost a century of trackside operations for William Hill, whose founder began offering markets at the Northolt Park course in 1933.The move comes just three months after William Hill massively expanded its racetrack betting shop portfolio, increasing its number by 34 to 41 through deals with Jockey Club Racing (JCR), Go Racing Yorkshire and various independents.Trading director Terry Pattinson said today’s trackside sale is the latest action in the development of its on-course strategy.In a statement he said: “We have reviewed whether our rails operation continues to makes commercial sense.“Our focus now is to provide on course customers with a full retail experience on the racecourse, so it makes sense to move away from our rails operation, hence, we have agreed a sale with Racecourse Pitches.”William Hill is the lead sponsor of ITV Racing and gives its name to races at Ascot, Ayr and Ripon. Its recent deal with JCR establishes the firm as the exclusive betting shop provider at Jockey Club courses, replacing Betfred in the role.Sid Hooper, managing director at John Hooper, said: “We have been looking for expansion opportunities for some time and we are thrilled to have acquired the William Hill on-course portfolio of pitches.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Race Track and Racino 22nd October 2018 | By contenteditor Operator to focus on racecourse betting shops after sale of 82 stalls Subscribe to the iGaming newsletter Email Addresslast_img read more

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Auning-Hansen to exit as CFO of Danske Spil

first_img Danish gambling operator Danske Spil has revealed that Allan Auning-Hansen is to step down as its chief financial officer. Auning-Hansen will become a partner and CFO of juice bar and coffee shop chain, Joe & The Juice. Topics: People Strategy Auning-Hansen to exit as CFO of Danske Spil Danish gambling operator Danske Spil has revealed that Allan Auning-Hansen is to step down as its chief financial officer.Auning-Hansen will become both a partner and CFO of Joe & The Juice, joining the juice bar and coffee shop chain in October.Danske Spil has now launched a search to appoint a replacement for Auning-Hansen ahead of his official departure.“Danske Spil is a unique company that gives entertainment and dreams to the Danes and thus creates a great profit, which contributes to the Danish society – not least for sports,” Auning-Hansen said.“For joy and benefit, as we say, and something that I will always be proud of having been a central part of. I am sure that the future of the company and the many skilled employees will be just as distinguished as the past, and I promise to keep the tab high until my last day.”Susanne Mørch Koch, group CEO at Danske Spil, added: “Although I am sorry to lose Allan, a skilled daily business partner, I am pleased on his behalf and that Danske Spil can deliver talented managers to other ambitious Danish companies“I know this is an opportunity that Allan could not refuse. I have appreciated Allan’s skill and high spirits, and I wish him all the best in his further career.”Confirmation of Auning-Hansen’s departure comes after Danske Spil earlier this month brokered a deal to acquire Tivoli Gardens’ online gaming business. Danske Spil will be able to use the TivoliCasino.dk brand for the next 10 years, after which the parties will evaluate the success of the venture and decide whether the arrangement should be extended. People Email Address Tags: Online Gambling OTB and Betting Shops Regions: Europe Nordics Denmark 29th May 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletterlast_img read more

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Bradamante and Rajter strengthen Enteractive board

first_img Email Address Strategy Former NetEnt managing director Enrico Bradamante and ex-Expekt.com chief executive Christian Rajter have joined the board of Enteractive, the gambling marketing services provider. Bradamante and Rajter strengthen Enteractive board Former NetEnt managing director Enrico Bradamante and ex-Expekt.com chief executive Christian Rajter have joined the board of Enteractive, the gambling marketing services provider.Malta-headquartered Enteractive, which operates the (Re)activation Cloud platform and specialises in player reactivation and retention, said the appointments would strengthen its ability to scale globally.Bradamante (pictured), following his six-year spell at NetEnt from 2012-18, is currently chief executive at gaming platform developer Maverick Gaming as well as chairman of iGEN, the Malta iGaming association.Rajter, meanwhile, founded Mobenga in 2006 and was chief executive of the supplier until it was acquired by Playtech in 2011. He was previously chief executive of Expekt.com from 2003 to 2006 and is currently chairman of digital security provider Verisec as well as games developer OMI Gaming.Marcus Krüger, chairman of the board at Enteractive, said: “Enrico and Christian bring with them an amazing experience of global B2B go-to-market operations, and we’re honoured to have them both on our team.”Enteractive, which was founded in 2008, has just recently partnered with operators STS and Casumo.Krüger added: “We’re really in the process of accelerating our scaling momentum with Enteractive.“We’re seeing more operators than ever onboarding onto (Re)activation Cloud and we’ve never experienced this level of demand for our platform.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Topics: Strategy Subscribe to the iGaming newsletter Tags: Online Gambling 17th December 2019 | By contenteditorlast_img read more

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XLMedia set for strategic changes after Google rankings demotion

first_img4th February 2020 | By contenteditor Affiliate marketing specialist XLMedia has said it is to accelerate a number of its planned strategic initiatives in response to concerns over Google’s changes to its search algorithm. Marketing & affiliates Tags: Online Gambling Affiliate marketing specialist XLMedia has said it is to accelerate a number of its planned strategic initiatives in response to concerns over Google’s changes to its search algorithm.Last month, XLMedia revealed the move led to a “significant decrease in traffic” on certain websites, which it said in turn is likely to impact its revenue. Google rolled out its new search algorithm update on 13 January.XLMedia said a total of 107 of its websites have been impacted since the initial announcement last month, with 84 of these being tier 3 or 4 sites and the other 23 tier 1 and 2 premium sites.Most of the sites in question are related to online casino, with XLMedia saying that the demotion activity has not impacted other verticals of its business, such as personal finance.XLMedia said while it is continuing to work with Google to understand why some sites have been demoted, with a view to restoring the rankings, it has opted to accelerate certain proposed strategic changes and refocus its activities on the sustainable growth of its publishing assets.The affiliate specialist said this will involve a focus on its core and profitable tier 1 and tier 2 premium sites and a significant reduction in its tier 3 and tier 4 sites and non-core business activities.XLMedia said it will immediately focus on tier 1 and tier 2 premium sites that have been impacted and prioritise efforts in getting these reinstated by Google. It has also begun the process of removing certain sites that are either old legacy sites, or that it believes are not sufficiently compliant with Google guidelines. The company noted certain tier 3 or tier 4 legacy sites may have had a collective negative impact on the ranking of a broader pool of its sites. These sites will now be removed or de-indexed such sites, but XLMedia said that until this process is complete, it will not be possible to be certain the issue will be resolved.In addition, XLMedia has ceased certain activities which, following the closure of the majority of the media activity in March 2019, are no longer regarded as core to the future of the business.In terms of the financial impact of such activities, XLMedia said until the process is complete, it will not be possible to determine the full effect. However, it did say that the demoted tier 1 and 2 sites will see an immediate impact of lost revenues of between $1m (£771,805/€904,498) and $2m for the period.The removal and de-indexing of tier 3 and 4 sites, as well as the reduction in non-core activities, is expected to have an impact of between $3m and $5m for the 2020 financial year.However, XLMedia noted that some of these actions were included within its proposed strategic changes and some of the associate costs budgeted for during the period, which it said will in turn reduce the full impact on earnings.“There is no question that we currently face operational headwinds, but fundamentally, I firmly believe in the underlying quality and sustainability of our business,” XLMedia’s group chief executive Stuart Simms said. “However, I believe it is now time to accelerate a number of strategic measures that will create a short-term drag on revenue growth, but will ultimately strengthen our business by creating a much stronger and more transparent platform from which to grow.“By proactively consolidating – and where necessary culling – our considerable tail of legacy websites and focusing a greater proportion of our efforts on monetising both tier 1 and tier 2 websites in addition to incubating new sites, we will significantly improve the medium-term prospects of the Group.”Simms added: “I feel it’s important to reiterate that we continue to operate a global portfolio of content rich websites that deliver significant value for our users. This expertise remains a core competence for our business which I fully intend to capitalise on as management seeks to both enhance and expand our business over the coming years.”London-listed XLMedia has seen its share price collapse in the last two months – dropping from 70.00p on 13 November to just 25.25p this morning. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img XLMedia set for strategic changes after Google rankings demotion Subscribe to the iGaming newsletter Topics: Marketing & affiliates Strategy Tech & innovation Email Addresslast_img read more

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Revenue edges up at Aspire Global in Q1

first_img Aspire Global has put a 1.5% year-on-year rise in revenue in the first quarter primarily down to an increase in demand for its products in the UK, Irish and wider European markets, though the gaming solutions supplier saw net profit drop during the period.Revenue for the three months through to 31 March 2020 amounted to €33.7m (£29.5m/$36.7m), up from €33.2m in the corresponding period last year.From the start of 2020, Aspire reported a new B2B sub-segment to include its games business, encompassing the Pariplay operation that was consolidated in October last year.B2B net gaming revenue increased by 13.3% to €24.4m and 16.7% to €22.7m excluding inter-segment revenues. This was boosted by the launch of two B2B brands in Q4 of 2019, which Aspire said performed better than expected in the first quarter.In addition, three new partner deals were signed for the platform offering in the quarter, while two new brands were launched on the platform, a sport vertical was added to an existing partner and a successful migration was completed.Looking at the B2C segment, which represents Aspire’s proprietary brands, net gaming revenue fell by 19.7% year-on-year to €11.0m, primarily due to lower revenue in the UK and Ireland, as well as the Nordics as a result of changes to regulation.Taking a closer look at geographical performance in Q1, and though Aspire saw overall revenue from the Nordics slip 39.2% to €4.5m, it noted growth across all other markets.UK and Ireland revenue climbed by 25.5% to €5.9m after Aspire said it was able to adapt to new regulatory requirements announced in Q4 of 2019, while revenue from the rest of Europe climbed by 7.4% to €21.7m and rest of the world revenue jumped by 77.8% to €1.6m.Aspire also noted that the global outbreak of novel coronavirus (Covid-19) had an impact on revenue towards the end of the quarter, in terms of sports betting activities. However, as sports only represented 7.5% of total revenue in Q1, with Aspire’s operations directed towards mainly casino, the overall impact was minimal.That said, in March, Aspire set out how it had taken proactive measures to help reduce the risk for employees and also ensure business continuity during the ongoing pandemic.Looking at spending in the quarter and operating expenses were up slightly from €26.4m in Q1 of 2019 to €27.4m this year.Distribution expenses were the main outgoing for Aspire, with these costs rising 5.1% to €22.6m mainly due to the consolidation of Pariplay. Distribution costs excluding Pariplay fell by 4.7% to €20.5m, though the new games segment added €2.1m in fees.Administrative spending was up 5.4% to €3.9 million, as Aspire committed more funds to investments in the technology, customer support and compliance departments, including recruitments in addition to the consolidation of Pariplay. Gaming duties were down from €1.5m in Q1 of 2019 to €908,000 this year.However, Aspire also noted higher costs elsewhere during the quarter, including in terms of amortisation and depreciation, with this climbing by 45.4% to €1.3m, which left it with an operating profit of €3.9m, compared to €5.2m last year.When taking into account higher finance expenses of €2.1m, up from €915,000 as a result of unfavourable currency exchange rates, this meant pre-tax profit fell from €5.2m to €2.8m. After tax, net profit amounted to €2.5m, down 49.0% from €4.9m in 2019.After also considering the impact of Aspire’s share in the results of associated companies, which amounted to €187,000, comprehensive net income for the period stood at €2.4m, down 41.5% from €4.1m last year.Reflecting on the Q1 results, chief executive Tsachi Maimon was upbeat, praising Aspire for its ability to post an increase in revenue despite the ongoing Covid-19 situation.He also suggested the pandemic could in fact have a positive impact on finances moving forward, with more players moving to online casino due to the cancellation of sports events and temporary closure of land-based gaming facilities around the world.“In the quarter we saw limited impact from the pandemic,” he said. “However, as a consequence of the pandemic, players choose online entertainment over land-based, and in April total trading volumes increased to about €13.5m, which is about 20% higher than the average monthly trading volume in Q1 2020.“The world is going through challenging times during the pandemic. Early in the quarter we took proactive measures to reduce the health risks for the employees and to ensure business continuity. Thanks to a robust underlying business and dedicated employees, service levels remained high.”Maimon also said how Aspire will continue its focus on geographic expansion in Q2 and beyond, with licence applications and launches planned for markets all over the world.“We are preparing ourselves for license applications in the Netherlands Q1 2021 and in Germany Q3 2021,” he said. “We are also preparing to launch our games and aggregation platform in four new markets in 2020; we will be targeting Italy and Spain in Q2 2020 and New Jersey and Switzerland in Q3 or Q4 2020.”In terms of merger and acquisition activity, though this has been impact by the pandemic, Maimon said Aspire continues to seek out options that could help to improve its business.“We continue our active search for acquisitions and new projects that could broaden the offering for players, enhance the scale benefits of the platform or accelerate the B2B growth,” he said. “It is our clear target to control more parts of the value chain in order to enable our partners to achieve their full potential.“We have been successful in securing business continuity during the pandemic and continue the execution of our growth strategy, capitalising on our complete igaming offering.” Tags: Online Gambling Slot Machines 5th May 2020 | By contenteditor Casino & games Aspire Global has put a 1.5% year-on-year rise in revenue in the first quarter primarily down to an increase in demand for its products in the UK, Irish and wider European markets, though the gaming solutions supplier saw net profit drop during the period. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Subscribe to the iGaming newsletter Revenue edges up at Aspire Global in Q1 Topics: Casino & games Finance Slots Email Addresslast_img read more

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Massachusetts House clears amended sports betting bill

first_img Massachusetts House clears amended sports betting bill Legal & compliance Subscribe to the iGaming newsletter 29th July 2020 | By contenteditor The Massachusetts House of Representatives has voted to approve an economic development package bill that includes a section to legalize sports betting in the state. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Topics: Legal & compliance Sports betting The Massachusetts House of Representatives has voted to approve an economic development package bill that includes a section to legalize sports betting in the state.The House yesterday (July 28) voted 156-3 in favour of H.4879, which, after being introduced last week, will now move forward to the state Senate.Should the Senate make any further amendments to the bill, these would then need to be approved by the House by Friday (July 31), when the current Massachusetts legislative session is due to conclude.Sponsored by the Massachusetts House Committee on Ways and Means, H.4879 is an act designed to enable “partnerships for growth” in the state, and sets out a host of proposed measures. These include the Massachusetts Sports Wagering Act, which would legalize online, mobile and land-based sports betting.Read the full story on iGB North America. Regions: US Massachusetts Email Addresslast_img read more

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