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YGAM and Caesars Entertainment help pioneer first degree course in Social Change

George Miller

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YGAM and Caesars Entertainment help pioneer first degree course in Social Change
GAM’s undergraduate apprentice, Nadia Tarik
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YGAM, the UK charity that works to inform, educate and safeguard young people against problematic gambling and social gaming, has joined forces with Caesars Entertainment EMEA and Queen Mary University of London to participate in a ground breaking apprenticeship degree course in ‘Social Change’ which has attracted six times more applicants per place than Oxford University. The four-year BSc course comprises two days of study per week with the remaining time spent working with the chosen charity. YGAM’s undergraduate apprentice is 22 year-old Nadia Tarik whose post as Development Officer is being funded by Caesars Entertainment EMEA.

Expanding on its involvement in the pioneering initiative, Sarah Sculpher, Chief Marketing Officer at Caesars Entertainment EMEA says, “Educating on the potential risks of problem gambling is a core facet of our business strategy. Caesars Entertainment has worked extensively with, and provided ongoing financial support to, the Young Gamers & Gamblers Education Trust (YGAM) to promote education and awareness around gambling since its inception. We are tremendously supportive of educating young people about gambling related harm to support the prevention of gambling related problems. Our £50,000 donation over two years will fully fund Nadia’s London living wage role and support costs with YGAM.

Sculpher continues: “Social responsibility is hugely important for all businesses, but particularly so in a business such as gaming, which is exciting but also carries an element of risk. Education is key. It is an integral part of our business strategy to educate and train all our front-line team members on the importance of social responsibility and to ensure that our customers enjoy their casino entertainment in a safe, welcoming and entertaining environment. Education is also at the heart of our long term partnership with YGAM. We support them with financial resources which enables them to recruit people to provide more education where needed in the community, making a real difference to people’s lives. We look forward to watching Nadia’s progress and the positive impact she has.”

Lee Willows, co-founder and CEO of YGAM is delighted the charity has been invited to help spearhead the first degree course in Social Change and that Caesars Entertainment EMEA is helping to facilitate the journey. He stated: “The partnership between the social sector, further education and the commercial world is invigorating and a force for really positive social change. I am extremely grateful to Caesars who share our vision and I am delighted that YGAM, which was formed just five years ago, is being spoken about in the same breath as fellow Social Change degree partners, the Scouts, WaterAid, Action for Children and the Alzheimer’s Society. It is a great privilege to help progress this important development which will help forge pathways into the communities that we serve thanks to the energy and dynamism of student/apprentices such as Nadia and the vision and support of progressive business leaders such as Caesars.”

Industry News

Marathonbet Becomes Training Kit Partner of Manchester City

Niji Narayan

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Marathonbet Becomes Training Kit Partner of Manchester City
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Marathonbet has become the first training kit partner of the Manchester City Football Club. The new partnership builds on eighteen months of Marathonbet as the Club’s Official Global Betting Partner. Marathonbet branding will be added to the training kits of City’s men’s and women’s senior teams.

The partnership was launched at the City Football Academy as City players Sergio Aguero, Bernardo Silva, Gemma Bonner and Megan Campbell joined Pep Guardiola to unveil the new kit branding.

“Launching our first training kit partner is a significant moment for Manchester City and we are delighted to be doing this with our existing partner, Marathonbet. The last eighteen months of partnership have been extremely positive for both organisations and we are pleased to recognise this success by expanding our relationship together,” Omar Berrada, COO of Manchester City said.

“It’s been a privilege to be alongside Manchester City as their Official Betting Partner during one of the most exciting chapters in the club’s recent history. We have been offering fans around the world the chance to benefit from our unique giveaways, competitions and once-in-a-lifetime opportunities, and we are delighted to be strengthening our partnership today as Marathonbet also becomes the club’s first ever Official Training Kit Partner,” Natalia Zavodnik, CEO of Marathonbet said.

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Industry News

France’s Francaise des Jeux Casts an Eye on UK Lottery

Niji Narayan

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France’s Francaise des Jeux Casts an Eye on UK Lottery
Photo Source: tellerreport.com
Reading Time: < 1 minute

 

Francaise des Jeux (FDJ), the operator of France’s national lottery games, is going to participate in the auction for the UK National Lottery license. FDJ has already cast an eye over the UK’s National Lottery.

As per the reports, FDJ has held talks with Rothschild, the investment bank responsible for seeking a successor to Camelot, the lottery operator.

The privatisation of FDJ was the biggest stock market flotation for years and it is no coincidence that French president Emmanuel Macron was a senior executive with Rothschild before entering politics. He is selling off a number of state-owned companies to raise money. The FDJ float gave him €1.8bn. The French Government is retaining a 50% stake in the company.

The UK’s Gambling Commission is using Rothschild to run the National Lottery license auction. When the formalities are concluded early next year, the new licensee will run the lottery on a monopoly basis for up to 10 years.

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Gambling in the USA

Mohegan Gaming Reports Q4 Fiscal 2019 Results

Niji Narayan

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Mohegan Gaming Reports Q4 Fiscal 2019 Results
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Mohegan Gaming & Entertainment (MGE) has released the operating results for its fourth fiscal quarter ended September 30, 2019. During the three-month period, net revenues totalled US$414 m, a 19.2% rise from US$347.2 m in 2018.

Mohegan’s income from operations in Q4 was US$15.7 m, a 77.4% decline from the US$69.6 m that it had posted in 2018. This was primarily driven by an impairment charge at Mohegan Sun Pocono.

AEBITDA of US$89.4 m was a 5.4% decrease from the US$94.5 m in the prior year. Consolidated net revenues were up 19.2%, driven by the positive contribution of the Niagara resorts and continued outperformance from non-gaming revenue growth.

“MGE had a remarkable fiscal fourth quarter given the inclusion of two new competitors in our primary northeast market in the last 15 months, and we are off to a good start thus far in the first quarter of fiscal 2020 as well,” Mario Kontomerkos, President and CEO of Mohegan said.

“These strong results can be attributed to a commendable management effort by our property leadership as well as our first full quarter of operations from our Niagara resorts. Outside of North America, project Inspire in South Korea continues under construction and remains on track for a 2022 opening. In connection with Inspire, we are pleased to announce our partnership with Hanwha Corporation, one of the country’s largest conglomerates, who will serve as our primary general contractor and will also provide the project with important local operational expertise and credit enhancement. These domestic and international efforts, which also include the September announcement of our venture with Virgin Hotels in Las Vegas, have placed MGE on solid ground for success for generations to come,” Mario Kontomerkos added.

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