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France’s FDJ Cuts Dividend by 30%

Niji Narayan

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France’s FDJ Cuts Dividend by 30%
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The French lottery and sports betting operator Francaise des Jeux (FDJ) has cut its dividend as the impact of coronavirus on its business led to a dip in Q1 sales.

FDJ said it would cut its dividend by 30% resulting in a dividend payout of 0.45 euros per share, while overall group revenues fell 1% from a year earlier to 511.2 million euros.

FDJ added it had already started looking at cost-cutting plans aimed at saving more than 80 million euros.

Stéphane Pallez, Chairwoman and CEO of Group FDJ: “Since the beginning of this unprecedented health crisis, the FDJ Group has strengthened its mobilisation to limit the effects on the company, its employees and its stakeholders in a spirit of responsibility and solidarity. The exceptional situation is already having very significant effects on the company’s activity. That is why we have decided to draw up a substantial cost-savings plan to limit the impact on the company’s results while preserving its ability to resume all of its activities as soon as possible. At the same time, we are continuing to take practical initiatives in support of our stakeholders, and above all our retailers. Against this backdrop, the Board of Directors has decided to propose to the Annual General Meeting of 18 June to maintain the payment of dividends on the 2019 results, but to cut the amount by 30% due to the uncertainties about the duration and scale of the consequences stemming from the current crisis in 2020.”

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Bet-at-home.com Releases H1 2020 Results

Niji Narayan

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Bet-at-home.com Releases H1 2020 Results
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Bet-at-home.com has released its financial results for the first half of 2020. The company reported a gross betting and gaming revenue of €62.3m and EBITDA of €15.8m.

“The impact of the pandemic became noticeable from mid-March 2020, when international sporting events were canceled or postponed. In this phase, however, the demand for alternative betting offers remained almost unchanged, as customers of the bet-at-home.com group switched to esports and marginal sports,” the company stated.

“With a step-by-step resumption of playing activities in the national European football leagues in May 2020 and the postponement of important events such as the Champions League and Europa League, the usually low-revenue summer months are positively influenced. In addition, the resumption of international tennis tournaments is to be expected in the second half of 2020.

“The online gaming segment including casino, live casino, virtual sports and poker was not negatively affected by the pandemic.

“As far as the outlook for the whole year is concerned, from the current perspective the management board still expects gross betting and gaming revenue between €120m and €132m in the financial year 2020.

“The decline in gross betting and gaming revenue compared to the financial year 2019 is attributable to legal restrictions in individual markets. A potential decline in revenues due to regulatory changes in Germany can currently not be estimated and is therefore not considered.”

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Mindleap Health™ Expands its Digital Mental Health Programs for Addiction, Psychedelic Integration and Holistic Wellness

George Miller

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Mindleap Health™ Expands its Digital Mental Health Programs for Addiction, Psychedelic Integration and Holistic Wellness
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Mydecine Innovations Group™, is pleased to announce that its subsidiary, Mindleap Health™ (“Mindleap” or the “Company”) based in Vancouver, British Columbia, is expanding it’s digital therapeutic offerings by adding three additional programs to its platform.

Mindleap™ is working towards contributing to the evolution of mental health and enabling the mass adoption of mental health treatments across the world. In order to expand access to world-class mental health solutions, Mindleap is developing new “30-day transformation” programs that will be offered as in-app purchases on the platform this fall.

The new offerings will include comprehensive addiction, psychedelic integration, and holistic wellness programs designed to empower users to improve their wellbeing. The ability to track progress, encourage consistency through gamification will provide additional value to Mindleap users.

The Addiction Recovery Program will be led by Dr. Rick Barnett, a clinical psychologist and an alcohol and drug counselor in independent practice. Dr. Barnett has worked on the frontlines of addiction treatment for over 20 years with a variety of populations in diverse settings. He is an expert in addictive disorders and treatment, working every day to help clients change and improve their lives. Dr. Barnett has a unique ability to blend multiple approaches in meaningful ways to address and recover from numerous types of addictive behaviors (alcohol, drugs, food, sex, nicotine, gambling).

Equipped with advanced education and training in psychopharmacology, Dr. Barnett has served in numerous leadership roles both locally and nationally related to addiction, mental health, and health care reform. He is also the founder of the Center for Addiction Recognition Treatment Education and Recovery (CARTER, Inc), a 501c3 private non-profit organization dedicated to the art and science of achieving lifelong freedom from addiction. The goal of CARTER, Inc. is to transform addiction into enduring health and well-being, a value which has become the cornerstone to his Mindleap program.

The Psychedelic Integration program will be led by Dr. Danielle Wise who brings over 20 years of experience as a psychotherapist and coach, utilizing myriad techniques with a unique specialization on psychedelic integration. Dr. Wise’s clinical focus is primarily centered on relational trauma, combining depth and somatic psychology, neuroscience, and psychedelic research.

Dr. Wise has completed the Psychedelic Research and Training Institute’s (PRATI) comprehensive Ketamine and Psychedelic Medicine Training, which provides practical tools for eliciting transformational sessions and holistic and integrative tools for mental health support.

An avid decriminalization advocate, she is part of the Denver psilocybin decriminalization initiative and the founder of Women’s Leadership in Psychedelics with the Nowak Society, a non profit that provides education, training, and community building around right relationship with psychedelics and psychopharmaceuticals.

Dr. Wise also serves on the advisory board of Unlimited Sciences a psychedelic research non-profit combining data and lived experiences to serve the community, educate the public, and inform policies. Her 30-day program will offer an embodied integration journey with self care practices and contemplations that will assist users in achieving personal transformation for lifelong wholeness making.

The Holistic Wellness program will be led by Jeremy Hoffman who is an experienced spiritual leader that uses innovative modalities including energy clearing, activations, meditation, breathwork to support his clients in achieving harmony of the mind, body and spirit.

Hoffman is renowned internationally for his holistic wellness coaching, and currently works with C-Suite level executives and business leaders to assist them in achieving spiritual balance and fulfillment in their lives. Cultivating the steps that allow people to operate in life with an upgraded mindset and perspective, Hoffman will be sharing his insights on physical, mental, emotional, and spiritual health in his Mindleap program.

Mindleap’s founder Nikolai Vassev commented: “Our focus is on creating real solutions for the mental health crisis and these new offerings will allow Mindleap to have international reach and affect more lives during these times of crisis. The pandemic has left people depressed, isolated and support is needed now more than ever.”

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UK Gambling Commission Launches Public Awareness Campaign on Gambling Controls, Rights and Safeguards

Niji Narayan

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UK Gambling Commission Launches Public Awareness Campaign on Gambling Controls, Rights and Safeguards
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The UK Gambling Commission (UKGC) has launched its latest public campaign promoting “9 ways to keep yourself safe when gambling.”

The campaign focuses on raising public awareness of safer gambling control tools, facilities and support groups such as GambleAware and GamCare. Also, the UKGC seeks to provide better all-round guidance on how consumers can monitor their activity with licensed incumbents – “maintaining consumer spend at a manageable level.”

Raising public awareness, the UKGC reminds audiences to undertake “reality checks” as to why they are gambling – “to escape debt or as a way to make quick money? Think carefully about your motivations to gamble.”

The UKGC also reminds audiences of their rights to ask for a “timeout from gambling” for a set period of up to six weeks.

Vulnerable consumers are reminded that all licensed operators must offer access to the GAMSTOP self-exclusion scheme, which enforces a “longer break from gambling” for a minimum period of six months.

The campaign sees the UKGC continue to expand its initiatives on raising public awareness of consumer rights and responsibilities when gambling.

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