first_img WPP boss given £5m in shares Wednesday 16 March 2011 9:04 pm Share whatsapp WPP BOSS Sir Martin Sorrell was yesterday given £5.3m worth of shares as part of his firm’s incentive scheme.He accepted 318,000 shares from the US part of the scheme worth £2.3m and has deferred collection of 404,000 shares from the UK part worth £3m.Sorrell’s full remuneration package will be announced in WPP’s annual report in May but it is expected to include a basic salary of around £1m and a bonus of roughly £2m.Last year he was given 562,000 shares through the Leadership Equity Acquisition Plan which would be worth £4.1m at today’s share price. Show Comments ▼center_img whatsapp 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Tags: NULLlast_img read more

first_img KCS-content Forget the Champs-Élysées: British consumers have lost their joie de vivre whatsapp Tags: NULL whatsapp THERE was much fanfare last week when Marks and Spencer returned to the Champs-Élysées in Paris. But even if the French flock to the British retailer in droves, which seems somewhat improbable to us, their joie de vivre isn’t being shared by domestic customers. Like-for-like sales in the fourth quarter are expected to be off by six per cent. Bulls are sure to point out that M&S is fighting against incredibly tough comparatives, after sales in the same period last year jumped by 9 per cent. And they will also point out that Mother’s Day, Easter and the Royal Wedding, which all fall in M&S’s next quarter, will provide a boost next time round.That might be so, but the medium to long-term outlook is uncertain for M&S, as it is for most retailers. Spiralling inflation stoked by higher commodity prices, higher taxes, constrained consumer credit and fear over public sector cuts are about to combine to create a lethal brew. Most retailers, with the exception of those who have fallen by the wayside, have had a remarkably good recession. Sadly for the likes of M&S, that can’t last. [email protected] Sunday 3 April 2011 11:24 pm Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Sharelast_img read more

first_img Show Comments ▼ LEGAL action will be taken to claw back billions of pounds of British savers’ cash from collapsed Icelandic banks, the chief secretary to the Treasury has signalled. Plans to pay back money lost in Icesave accounts were rejected for a second time by Icelanders in a referendum held over the weekend.Danny Alexander called the development “disappointing” and said the government would use the European courts to reimburse Britons who lost money. “It looks like this process will now end up in the courts,” he told BBC1’s Andrew Marr Show.He added: “We have a obligation to people in this country who had saved with those banks, we have an obligation now to get that money back, and we will continue to pursue that until we do.”About £3.5bn is owed to the UK and the Netherlands, who stepped in to compensate savers who lost money deposited in Icesave accounts. Icelandic lender Landsbanki ran the accounts, but collapsed in 2008 along with two more of the country’s banks. Sixty per cent of Icelanders voted against the latest repayment plan. Sunday 10 April 2011 11:41 pm Share KCS-content whatsappcenter_img Iceland faces court over its refusal to pay out for Icesave by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tags: NULLlast_img read more

first_img Tags: NULL Alliance Trust in asset boost Show Comments ▼ 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads whatsapp Tuesday 12 April 2011 3:29 amcenter_img John Dunne Share Investment company Alliance Trust posted a double-digit rise in its net asset value on Tuesday, in full-year figures likely to soothe a shareholder rebellion over costs and the way the company accounts for them. Alliance Trust, which activist shareholder Laxey Partners says is hiding the true costs of its subsidiaries, said net asset value per share at 31 January stood at 439 pence a share, up the 377.7 pence posted last year.It will pay a full-year dividend of 8.395 pence, compared with 8.15 pence last year.“The near term outlook for stock markets remains clouded by a number of uncertainties,” said CEO Katherine Garrett-Cox, who is nicknamed “Katherine the Great” by some industry peers for her success in the industry while juggling a large family.Alliance Trust also recommended in a separate statement that its shareholders vote against two resolutions put forward by Laxey and to be voted at its general meeting on May 20.Laxey, which owns 1.6 per cent of the stock, is lobbying for the introduction of a Discount Control Mechanism, designed to reduce Alliance Trust’s share price discount to NAV; and also for reforms to the company’s voting policies for its subsidiaries.Laxey said in a statement that shareholders shouldered the costs of Alliance Trust’s subsidiaries Alliance Trust Savings, Alliance Trust Asset Management and non-operating subsidiary Alliance Trust Finance, without being given a full account of their costs or benefiting from performance.Last month Alliance Trust said it would shut down its private equity unit to focus on its stock and bond investments, but Laxey said that the decision is “unlikely to have a substantial impact on either performance or overall expenses.” 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap whatsapplast_img read more

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The first game from Canadian studio PearFiction, Gustavo El Luchador tells a Mexican underdog story through unique slot mechanics that go right to the ring. Unlike other lucha-themed games, Gustavo centres on high-flying, high-stakes combat; in free spins, players match special symbols to pit their best wrestling moves against an eccentric cast of characters.  A 3×5 slot with a pick-me bonus game, a compelling paytable, and an unlikely protagonist, Gustavo is now live with Leander. Topics: Casino & games Slots The first game from Canadian studio PearFiction, Gustavo El Luchador tells a Mexican underdog story through unique slot mechanics that go right to the ring. Unlike other lucha-themed games, Gustavo centres on high-flying, high-stakes combat; in free spins, players match special symbols to pit their best wrestling moves against an eccentric cast of characters.  A 3×5 slot with a pick-me bonus game, a compelling paytable, and an unlikely protagonist, Gustavo is now live with Leander.Find out more here.About PearFiction:PearFiction Studios is a privately-owned company located in Montreal, Canada. The company develops and licenses games for the regulated online gaming industry. Its development team designs and implements engaging and innovative online casino games. From concepts, gameplay, math models, artwork, animations, to music, sounds, and programming, they do it all. The company also works with licensed Casino Operators, Integration Partners, and other Game Developers to build exclusive custom games. Gustavo El Luchador – a love letter to lucha libre Subscribe to the iGaming newsletter 25th May 2018 | By Louella Hughes Casino & games Email Addresslast_img read more

first_img KamaGames partners with “The Yogscast” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 31st May 2018 | By Stephen Carter Topics: Casino & games Marketing & affiliates Social gaming Pokerist developer targeting “signficant and rapid growth” through partnership with Twitch and YouTube publishers of gaming-related content Email Address Subscribe to the iGaming newsletter Social mobile poker operator KamaGames has inked a partnership with games media company the Yogscast to sponsor six episodes of the Yogscast Poker Nights show.The first episode will be broadcast on Twitch.TV at 17:00 on 6 June, 2018, with all episodes being made available on-demand on the Yogscast’s Games Night YouTube channel.KamaGames’ director of global communications & content, Sam Forrest, told iGB that while it was now an ongoing challenge “to grow our audience and our KPIs for ARRPU and DAU” given the social poker space was now quite established, they had found “significant and rapid growth through sponsorships and partnerships such as this.” Forrest said the product was well positioned to benefit from the Yogscast Poker Nights being viewed by a less seasoned poker playing audience than the Poker Night In America TV show they partnered with last year.“We are working with the team at The Yogscast to show that Pokerist is not just for seasoned players but that it is also a great way to learn one of the classic card games and have a lot fun doing it.” The impact of the Twitch/YouTube partnership would be measured by “using a dedicated, trackable link that will be used throughout all of the promotions on The Yogscast’s various social channels and also during the 3 hour Twitch.TV live stream itself. This means we can see the impact on audience numbers ‘live’ in the regions the show is appearing in.“Viewers would also be encouraged to download the app through links in the Twitch chat section, by being called out by the presenters themselves and with the link appearing as screen overlays too. We’ll also be branding the actual table The Yogscast team are playing on.”The Yogscast’s chief revenue officer, Rich Keith, added, “The Yogscast Poker Nights have been hugely popular with our audience, both as live experiences on Twitch and through video-on-demand on YouTube.“As they take a lot of time and additional investment to produce our partnership with KamaGames means we’re able to extend the amount of Poker Nights we’re able to produce so it goes from a one-off to a proper series of matches.”Dublin-headquartered KamaGames recently broke into Eilers and Krejcik Gaming’s top 15 publishers in Q1, posting a 40.5% year on year increase in revenues on the back of a 63.4% year-on-year increase in annual revenues to $57.5m in 2017.The Pokerist Texas Poker app accounts for approximately 75% of the company’s revenues, with the publisher’s blackjackist, roulettist and slots apps driving the remainder. Casino & gameslast_img read more

first_img Regions: US Mississippi William Hill USA and SBTech were awarded licences yesterday (Thursday) to manufacture and distribute sports betting platforms in Mississippi, iGamingBusiness.com has learned.Mississippi Gaming Commission deputy director Jay McDaniel told iGamingBusiness.com that the companies will be able to provide odds and risk-management services in the state, with casinos operating the sportsbooks.McDaniel also said he understood that William Hill USA is supporting the launch of sportsbooks at five casinos operated by Penn National Gaming in the state this month, with two of the venues set to accept sports wagers from today (Friday).Penn announced yesterday that its Hollywood Casino Gulf Coast and Boomtown Biloxi casinos were set to launch “state-of-the-art sportsbooks” today, with Hollywood Casino Tunica, 1st Jackpot Casino Tunica and Resorts Casino Tunica expected to follow suit on August 24. Penn operates 28 casinos in 16 US states and also offers social online gaming through its Penn Interactive Ventures division.Penn chief executive Timothy Wilmott said that customers’ interest in sports wagering in Mississippi “has been growing since the federal ban on sports betting was repealed in May”.Justin Carter, Penn National Gaming’s general manager in Tunica, said that college sports would be a particular area of interest for local punters.“Every time I step on the gaming floor a customer approaches me about sports betting,” he said. “With the extreme passion in the region around sports, and college athletics in particular, we look forward to becoming a destination for fans in northern Mississippi, Memphis, and Arkansas.”Earlier this month, reports emerged in the UK media that William Hill had opened talks with Penn National Gaming over a possible joint venture to roll out sports betting services across the US. Email Address William Hill and SBTech seal Mississippi licences Topics: Casino & games Sports betting Tech & innovation Casino & gamescenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 20th August 2018 | By contenteditor Companies secure sports betting platform licences, with Hills to support Penn National casinos Subscribe to the iGaming newsletterlast_img read more

first_img14th September 2018 | By contenteditor Regions: US Pennsylvania Pennsylvania iGaming applicants set to face luck of the draw Email Address Subscribe to the iGaming newsletter Pennsylvania will open up online wagering with a “co-ordinated launch” that could come before the end of this year, although out-of-state iGaming licence applicants may have to rely on the luck of the draw to break into the market.The Pennsylvania Gaming Control Board (PGCB) – which approved applications from Penn National Gaming’s Hollywood Casino and Rush Street’s SugarHouse Casino earlier this week – have now given so-called Qualified Gaming Entities a window from October 15-31 to apply for a total of seven licences that remain available out of 39.Only two of the state’s 13 casinos – Lady Luck Casino and Meadows Racetrack – did not apply for any of the iGaming licences, while Presque Isle Downs and Casino only applied for slots and table games licences.There are three remaining online poker licences available, as well as two certificates each for online slots and online table games.The licences are available for $4m (£3.1m/€3.4m) – the same price that was offered to the state’s casinos during a 30-day period that followed a first phase in which casinos could have acquired all three licences for $10m. It is understood that one of the state’s casinos, which missed the deadline for the first phase, ended up agreeing to pay $12m for all three licences.Operators that are based outside the US can apply for licences in the window next month and if demand outstrips supply, a random draw will determine the successful applicants.PGCB communications director Doug Harbach told iGamingBusiness.com that the draw process would be “public”, although an exact format has not been decided yet.“Whether it will involve taking names out of a hat or a box, we don’t know yet, but everyone will be able to see what happens,” he said.Harbach, who said there had already been enquiries from firms based outside the state, also said that applicants for all three licences would not necessarily be favoured over those applying for individual licences.Of the 11 casinos to have applied for iGaming licences, five have now been approved, with Penn National Gaming’s Hollywood Casino and Rush Street’s SugarHouse Casino following Harrah’s Casino Philadelphia, Mount Airy Resort Casino and Parx.Harbach said that it is likely that more applications from the state’s casinos will be approved by early October.“There’s still a lot of back-end work to be carried out by casinos and partners and we also have to licence partners of the operators,” Harbach told iGamingBusiness.com, when asked when iGaming would launch fully in the state.“We would like to do some sort of co-ordinated launch. It might not be all of them, but perhaps a batch of them who are ready to go.“We’re probably still at least a couple of months off that, but it is likely to happen if not towards the end of this year, then early next year.”In comparison with some other US states, Pennsylvania has accelerated attempts to exploit gaming opportunities before the end of the year, with Harbach citing a “myriad” of expansion initiatives in the industry, including in sports betting. However, Harbach insisted that such expediency is not at the expense of the due process and rigorous due diligence.“The state decided to expand our current gambling offerings to fill revenue holes and there is an expectation to do this as swiftly as possible,” Harbach said.“We have already secured $110m in iGaming licence fees and we are moving on with sports wagering pretty well.“However, we wouldn’t rush if that meant damaging the integrity of the new gaming market. We’ve always taken our role as protector of the public’s interests as first and foremost.”Image: Santeri Viinamäki Legal & compliance Topics: Legal & compliance Tags: Online Gambling With seven iGaming licences remaining, applicants are set to face a random draw AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter A blanket ban on gambling companies sponsoring professional tennis events and restrictions on live streaming and the collection scoring data of lower level competitions are among proposals put forward in a bid to uphold the integrity of the sport.The Independent Review Panel recommends international governing bodies in tennis, and the events they endorse, do no accept any form of sponsorship from the betting industry helping to set an example for players, who are already banned from agreeing such deals.It also sets out proposals to ban live streaming and collecting online scoring data for competitions that offer prize money of up to $15,000 (£11,800/€13,100). This would stop unofficial data being gathered and used for betting purposes, the panel claimed.However, the panel acknowledged that streaming and collecting scoring data is necessary from a developmental point of view. As such, it said streams and data should only be broadcast or made available after a time delay, to prevent its use for in-play betting.The final recommendations differ slightly to those set out in the previous edition of the report in May, which were criticised by some for being too harsh. At that time the panel recommended that the ban on live scoring data apply to all events offering up to $25,000 in prize money.The decision to lower the prize money threshold has been praised by Sportradar, which hit out at some of the proposals put forward in the penultimate report. Sportradar, which currently works with the International Tennis Federation (ITF) as its official data partner, warned that if such rules were to be adopted, they could have a harmful effect on the sport.However, while praising the panel’s decision to alter its approach, Sportradar also warned that the revised proposals were still disproportionate.“A targeted approach should be applied across the whole sport; we have been consistent in our view that the panel invites new risks and problems by recommending a prohibitive approach, when it has not succeeded as an effective regulatory tool in relation to the betting industry anywhere in the world, nor in any other sport,” Sportradar managing director of group operaitons David Lampitt explained. “Adjusting their arbitrary line (between targeted approach and blanket discontinuance) down a level doesn’t stand up to scrutiny.“This is because the measures don’t match the risks; the panel’s approach remains disproportionate,” Lampitt continued. “They now accept a targeted approach as the most effective response for almost every level of tennis, including quite correctly those levels above the ITF that evidence the highest level of risk. It then makes no sense that they have doggedly maintained a solution that is more draconian, expensive, complex and unpredictable for the $15k tournament level that has lower risk.”The panel acknowledged Sportradar’s ongoing relationship with the ITF and how the proposed changes could impact this deal, but recommended the ITF should not enter into any new contract or extend current deals. It also said that tennis’ governing bodies should compensate the organisation for any loss of future revenue.In addition, the final report makes reference to an earlier recommendation for players’ wages, whereby their fees should be published in full. The panel has backtracked on its decision and now stated that a confidential report should instead be sent to the Tennis Integrity Unit (TIU) for examination.The Independent Review of Integrity in Tennis was conducted in the wake of concerns over the level of corruption in professional tennis. The independent review panel was established by tennis’ governing bodies the Association of Tennis Professionals, Women’s Tennis Association, Grand Slam Board and ITF in 2016 to assess ways to better uphold sporting integrity across all competitions. The December report is the last instalment of a series produced in response to a joint investigation by the BBC and Buzzfeed News into corruption in tennis. In September 2016, the two parties claimed to have uncovered files that exposed evidence of widespread suspected match-fixing at the top level of professional tennis.The report said 16 players who have ranked in the ATP top 50 during the past decade had been repeatedly flagged to the TIU over suspicions they had thrown matches. All players in question, including a winner of Grand Slam titles, were allowed to continue competing at the top level of the sport.However, corruption within the sport seemingly remains a problem, with suspicious betting activity around tennis higher than in all other sports.In 2017, a total of 160 of the 226 suspicious activity alerts that were filed with European integrity body ESSA were in relation to tennis betting, far ahead of football, in second place with 45 alerts. In addition, the TIU in January this year revealed it had banned nine professional players for betting or match-fixing activities over the course of 2017. In total, 13 players were sanctioned, with five of these banned for match-fixing and a further four for betting – up from nine players and officials in 2016. Tennis integrity body proposes streaming and sponsorship ban Subscribe to the iGaming newsletter 20th December 2018 | By contenteditor Tags: Mobile Online Gambling OTB and Betting Shopscenter_img Topics: Marketing & affiliates Sports betting Tech & innovation Marketing & affiliates Final report from Independent Review Panel set up by tennis governing bodies suggests sweeping changes to protect sport’s integrity Email Addresslast_img read more

first_img Intralo and TurkCell’s Inteltek has lost out in a tender to run Turkey’s sports betting monopoly Iddaa, with the new ten-year contract awarded to a joint venture between Scientific Games and Turkish conglomerate Demirören Group.The SporToto State Organisation confirmed on February 28 that it had approved the bid from Sans Girisim, comprising Scientific Games and Demirören Group, which is active in the energy, media, retail and education sectors, to operate Iddaa. Sans Girisim’s contract begins later this year, and runs to 2029.Sans Girisim has won the right to provide a central betting system and a risk management solution for fixed-odds and pari-mutuel betting at retail locations throughout Turkey.SporToto announced last month after an initial tender process it would choose between the two bids, and has now plumped for the company that pledged to take the lowest commission. Sans Girisim offered to receive a 0.2% share of all sports wagering revenue, with Inteltek – a joint venture between Intralot and Turkish mobile phone operator Turkcell – offering 0.5%.After the confirmation of the award, Demirören chairman Yildirim Demirören quit his position as chairman of the Turkish Football Federation (TFF) to avoid a potential conflict of interest.In a statement on the TFF website, Demirören said: “I have made this decision regarding the job I have carried out with pride and honour until today, to not leave any space for dispute and to cast a shadow over my tenure before the Turkish and world public.”Despite the resignation, critics in Turkey have suggested Demirören’s domination of the media – it bought national newspaper Hürriyet and TV station Kanal D last year – and closeness to the Erdogan regime could have  influenced SporToto’s decision.SporToto stated when it launched its Iddaa tender process in January that it aims to generate 17bn Lira (£2.4bn/€2.7bn/$3.1bn) in revenue from the offering’s first year in operation.Inteltek, established in 2001, has served as the exclusive provider of fixed-odds and pari-mutuel betting since 2004, and secured a new, 10-year contract in 2008. It then extended the deal by a year in August 2018.Over the past 11 years, SporToto has seen its share of the country’s sports betting market grow to 56%, with turnover rising to $3.5bn.SporToto is one of only two legal gambling operators in Turkey, alongside national lottery operator Millî Piyango İdaresi.Within hours of the news being announced, Intralot chief executive Antonios Kerastaris stepped down from his role. He has been replaced by the supplier’s founder Sokratis Kokkalis.  Topics: Sports betting Tech & innovation Email Address Subscribe to the iGaming newsletter Regions: Europe Central and Eastern Europe Turkey 1st March 2019 | By contenteditorcenter_img Intralot loses Turkish sports betting contract AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Intralo and TurkCell’s Inteltek has lost out in a tender to run Turkey’s sports betting monopoly, with the new ten-year contract awarded to a joint venture between Scientific Games and Turkish conglomerate Demirören Group. Sports bettinglast_img read more