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The first race of the 2019 Matchbook EBF Future Stayers’ Series begins at Yarmouth

Vlad Poptamas

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The first of sixteen races in the Matchbook EBF Future Stayers’ Series takes place at Yarmouth tomorrow evening at 5.45pm.

 

The series, which was created in 2015 to support the stayers programme, received a significant boost earlier this year when Matchbook Betting Exchange teamed up with the EBF matching their prize money contribution and bringing the total prize fund to £283,000. Matchbook have also committed to a £100,000 bonus for any winner from the series who goes on to win a Group 1 race over 10 furlongs or further in their three-year-old year.

 

Each of the races, to be run over at least 7f, will be worth a minimum of £14,000 and graduates already include racing superstars such as Stradivarius and Cracksman.

 

Charlie Appleby, trainer of Line Of Duty, a star graduate of the Series has a runner in the first race of 2019 in the shape of $1.3 million yearling purchase Sun Cuisine:

 

“It is fantastic to see the EBF supporting and promoting a better programme for middle distance and future staying type horses. The sire/dam restricted races are a great initiative and provide an excellent platform for potential top-class horses of this type.”

 

Classic winning trainer, Hugo Palmer hopes his runner can repay her connections the money that they spent on Collette in one run:

“Tomorrow’s Matchbook EBF Future Stayers Novice Stakes has a value of £14,000 which is fantastic and is exactly the type of race we want to be involved in. My filly (Collette) only cost 8,000gns so she could recoup her purchase price in one fell swoop! The Series will further help promote middle-distance and staying horses, which can only be a good thing for our sport.”

 

The facts

  • 16 races run across 13 racecourses from August to December over a minimum distance of 7 furlongs.
  • First race run at Yarmouth on the 7th of August.
  • Minimum prize value £14,000 and a total series value of £283,000.
  • £100,000 bonus for any winner in the series who goes on to win a Group 1 in the UK or Ireland over 10 furlongs or more in their three-year-old year.
  • £100,000 split as follows – £70,000 owner, £10,000 breeder, £10,000 trainer, £10,000 stable staff of trainer’s yard, at least £1,000 of which to go to the winning groom.
  • Star graduates include Cracksman, Stradivarius, Across The Stars, Royal Marine and Line of Duty.

 

Philip Mitchell, Chairman of the EBF said:

 

“The bonus is eminently winnable – if it had been in place in the 2016 season for example, Cracksman would have been the first recipient. He won an EBF sire/dam restricted race at Newmarket towards the end of the 2016 season and then went on to win the Champions’ Stakes (Gr.1) at Ascot over 1m2f at the end of his three-year-old career.”

 

Matchbook CEO Mark Brosnan said:

 

“Matchbook are extremely passionate about the future of horse racing and we want our sponsorships to make a difference, whilst also providing exposure for our brand. We are incredibly excited to partner with the EBF on this innovative initiative, which we believe supports the grassroots of the sport. Horses like Stradivarius and Dee Ex Bee exemplify how this series provides an insight into the staying stars of the future.”

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Australia

Tabcorp Revenue Declines 5.7% During Three Months to September 2020

Niji Narayan

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Tabcorp Revenue Declines 5.7% During Three Months to September 2020
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Australia’s Tabcorp has reported a 5.7% decline in revenue for the three months to September 2020.

The trading update formed part of an investor presentation at the company’s AGM, with Managing Director and CEO David Attenborough revealing the slight 5.7% decline was mainly felt in its Gaming Services segment which fell 55.2% on the closure of licensed venues. Lotteries and Keno revenue was down 6.9% year-on-year with Wagering and Media down 2.9%.

“The duration and severity of COVID-19 is unclear, however Tabcorp remains well placed with our resilient, diversified earnings base and strengthened balance sheet,” Attenborough said.

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William Hill Warns New Lockdowns Will Hit Profit

Niji Narayan

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William Hill Warns New Lockdowns Will Hit Profit
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William Hill has warned that shutting 100 shops for four weeks due to further local lockdowns would reduce core earnings by around £2m.

Currently, around 10% of its retail estate is located in regions where the local Covid-19 alert level is classified as “very high.”

Despite this, the firm, which operated 1414 shops across the UK in the13 week period to September 29, said it had delivered a good performance as the return of live sport accelerated and its retail estate reopened.

The firm, which has 1300 employees in Leeds, said it enjoyed a continued good performance in its International Online business with gaming growing double digits, partially offset by unfavourable sports results.

Ulrik Bengtsson, CEO of William Hill, said: “We are very pleased with the trading performance of the group, which has been borne out of the commitment, resilience and hard work of our teams across the business. I could not be prouder of them.

“We have moved the company forward with our relentless focus on our customers, enhancing the competitiveness of our product, and maintaining player safety as one of our highest priorities.

“We have reinvigorated the leadership team and they, in turn, have empowered their teams to deliver on our plans.”

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Online Gambling Platforms Gained Larger User Base With Pandemic As A Driver Of The Global Online Gaming Market 2020

George Miller

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Online Gambling Platforms Gained Larger User Base With Pandemic As A Driver Of The Global Online Gaming Market 2020
Reading Time: 3 minutes

 

Due to the social distancing restrictions imposed because of the coronavirus outbreak, brick and mortar gambling places remained closed, due to which online gambling platforms gained a larger user base. People were forced to sit at home during the lockdown and this increased internet traffic on all fronts. More people frequently visited gambling websites and thousands of new users registered every day. According to research firm Global Poker, the US has witnessed an increase of first-time online poker players by 255% since the coronavirus lockdowns began. Overall, the poker industry has experienced a 43% growth since April 2020. Some countries saw such increases as an opportunity and modified their online-gambling laws. For example, Belarus legalized online casinos and Armenia made some changes to its existing laws. The increasing popularity of gambling apps and social gambling will propel the growth of the mobile gambling market in the forecast period, and several online-gambling platforms increased their marketing and promotional activities in the form of extra tournaments and bonuses to attract more players as well.

With these drivers and the current situation of the world, the online gambling market size is expected to grow from $58.96 billion in 2019 to $92.86 billion in 2023 at a rate of 12.0%. The market is expected to then grow to $113.12 billion in 2025 at a CAGR of 10.4%.

The Business Research Company’s report titled Online Gambling Market Global Report 2020-30: COVID-19 Growth and Change covers major online gambling companies, online gambling market share by company, online gambling manufacturers, online gambling infrastructure market size, and online gambling market forecasts. The report also covers the global online gambling market and its segments. The online gambling market is segmented by game type into betting, casino, lottery, poker, online bingo, others and by device into desktop, mobile, others.

With increasing apps and social gambling, online gambling companies are investing in building mobile platforms for their games to increase accessibility and convenience for users. The availability of smartphones with high-end features such as extended storage, high-end graphics and faster processing speeds at reasonable prices incentivize online gambling companies to make mobile-based applications. Also, mobile gambling offers significant benefits, including more deposit options, loyalty programs, and the option to play with anyone anywhere across the globe. According to App Annie, in 2020, 70% of total gambling revenue is expected to come from mobile gambling.

Along with the ease of mobile apps, companies in the online gambling market are increasingly investing in Artificial Intelligence (AI) for improving the overall experience for customers. With the help of AI, personalization for each user is possible as the technology can analyze the preference of the user in terms of game selection and offer a customized welcome page accordingly, helping the user to save time spent on looking for the right game. AI also helps in providing customer support in the form of chat-bots for resolving queries. Behavior patterns and gaming frauds can also be checked, which helps in preventing frauds and locks out scammers. Technologies such as augmented reality and virtual reality are being implemented as well, giving a more immersive and realistic experience to their users.

Beyond such high-tech updates, online gambling companies are using several tactics to gain more users. Some provide F2P (free to play) types of game products, commonly referred to as freemium. These games do not make any money for the company directly, but revenues are made through upgrades and additions of certain features and improvements by the user. The user pays a minimal amount for different kinds of virtual offerings and other game products to improve the gaming experience. This model allows online gambling companies to increase their user base and have more active players on their platforms who would eventually make a purchase. Currently, many online casinos are offering a free play version of some of their games. Companies innovating their platforms according to the increasing number of customers and their preferences will allow the online gambling market to continue to grow.

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