EMI in fresh sale talks

first_imgTuesday 1 February 2011 9:11 pm Tags: NULL Share Show Comments ▼ whatsapp GUY Hands had barely surrendered control of EMI to Citigroup last night before speculation started over who its next owner might be.Citi, which took EMI from Hands’ private equity firm Terra Firma last night after declaring its £3.4bn debt mountain unsustainable, denied it had solicited interest from potential buyers. “There is no sales process underway at this point,” a spokesman said. “We are in no rush and have not reached out to any potentially interested parties at this point. We are prepared to hold onto EMI until the time and/or valuation is right.” But with £1.2bn of loans still extended to EMI and £2.2bn of its own money written off in the takeover, Citi is likely to want to recoup its funds soon.That would leave EMI, home to a stable of stars including Lily Allen, Kylie Minogue, Coldplay and The Beatles, up for sale again.Interested buyers potentially include US rival Warner Music and German music rights manager BMG, which is owned by private equity house KKR.But private-equity-backed Warner, which courted EMI in 2007, is already looking for investors in order to sell its own music publishing arm, Warner/Chappell. Warner has called in Goldman Sachs to negotiate with its potential buyers after interest from BMG – but Goldman is also now considering how Warner might acquire EMI. A joint bid between KKR and Warner may also be on the cards, as Warner’s chairman and key shareholder Edgar Bronfman is keen to bid for EMI. Citi is reputedly seeking a sale price of about £1.8bn.Other potential bidders are Simon Cowell’s Syco venture; Sony Music and Universal, although the two major music companies are likely to face competition concerns over a takeover.EMI has endured a turbulent period under Terra Firma’s management, as Hands fell out with Citi over EMI’s debt burden. Hands asked Citi repeatedly to renegotiate the debt terms as EMI struggled in the recession, but the bank refused, instead pressuring Hands to sell it. The battle for EMI was soured further by an acrimonious US court case last year in which Hands accused Citi of tricking him into paying far more for the company than it was worth. US judges found in favour of Citi but Hands lodged an appeal last month, a step seen as designed to repair his reputation as much as affect EMI’s ownership. center_img KCS-content whatsapp EMI in fresh sale talks last_img read more

Pair can solve each other’s issues

first_imgSunday 6 February 2011 9:43 pm Share Pair can solve each other’s issues whatsapp PFIZER’S decision to close its British research facility, leading to the loss of around 2,000 British jobs, was last week held up as an example of the government’s failing industrial policy. But it was also a sign that the pharma industry is in ill-health. Sanofi’s decision to snap up US-based Genzyme tells a similar story.As with Pfizer, and to a lesser degree GSK, Sanofi’s drugs pipeline is looking worryingly empty. Last summer, the French drugmaker failed in a last-ditch attempt to stop the approval of generic versions of Lovenox, the blood-thinning drug that accounts for some $4bn of group sales. The bulk of its other best-sellers will also lose their patent protection over the next few years.That is why Chris Viehbacher, Sanofi’s acquisitive chief executive, has hit the buyout trail again. At first glance, Genzyme – a firm that is bedevilled by regulatory and production problems – seems an odd choice. But like Ireland-based Shire, it focuses of niche high-margin treatments for rare genetic diseases, which means patents are less of a headache. In that sense, the strategic rationale makes sense. Sanofi has the scale and expertise to help solve Genzyme’s manufacturing problems, while Genzyme has products that are relatively safe from generic insurgents. KCS-content Tags: NULLcenter_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBe Show Comments ▼ last_img read more

Expedia profits slip due to higher taxes

first_img ONLINE travel agency Expedia said yesterday its quarterly profit slipped 30 per cent due to a higher tax rate and increased interest expense.The largest online travel agency said fourth-quarter net income amounted to $71.3m (£44.3m), or 25 cents per share, compared with $102.2m, or 35 cents per share, a year ago.Excluding one-time items, Expedia said it earned 32 cents per share, compared with analysts’ average estimate of 36 cents per share.The total value of Expedia’s bookings rose 14 per cent in the quarter from a year ago to $5.75bn. The company posted revenue of $808.4m, compared with forecasts for $801.3m. Revenue was $697.5m in the same period a year ago.Expedia’s operating margin narrowed to 18.5 per cent from 20.2 per cent. Gross bookings climbed 14 per cent, while transactions rose 13 per cent. Worldwide hotel revenue climbed 15 per cent, with nights stayed rising. Air revenue also increased 15 per cent.Shares of Expedia fell 5.3 per cent to $24.33 following the release of its earnings from their $25.69 close in regular trading on Nasdaq. KCS-content Show Comments ▼ whatsapp Share 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 ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnautcenter_img Tags: NULL whatsapp Thursday 10 February 2011 8:39 pm Expedia profits slip due to higher taxes last_img read more

Deutsche loss in high court battle

first_imgTuesday 22 March 2011 8:59 pm KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Share whatsapp Deutsche loss in high court battle DEUTSCHE Bank has been ordered to fork out €541,000 (£469,000) in compensation to a German paper company after the country’s highest court ruled that the bank had inadequately described the risks of a derivative it sold the firm in 2005.The case paves the way for dozens of potential losses in court for the bank, with 17 similar cases working their way through the German justice system regarding Deutsche. The bank said that the financial implications of the cases still in progress are “very limited”, but would not give an estimate for how much they might cost.The judge in the case, Justice Ulrich Wiechers highlighted the conflict between the bank’s self-interest and that of its customers in selling derivatives. He ruled that Deutsche had a duty to explain not only the basic maths behind the swap it was selling, but the implications: “Just because I can read a poem does not mean I have understood it,” he said.Aside from having a knock-on effect on other derivatives cases for banks in German courts, the ruling could affect EU?legislation being drafted on derivatives.Tony Anderson, partner at law firm Pinsent Masons, said: “The case continues the political and legal focus on derivatives and the role banks have as central counterparties.”He added that the reputational damage could influence regulators. whatsapp Show Comments ▼ Tags: NULLlast_img read more

Southern Cross aims for rent deal

first_imgSunday 27 March 2011 11:57 pm whatsapp Show Comments ▼ whatsapp STRUGGLING care home operator Southern Cross is preparing for “hardball negotiations” with landlords to cut its massive rental bill, a person close to the firm said yesterday. Southern Cross last week wrote to around a third of its landlords to request a switch from quarterly to monthly payments, after taking on KPMG’s Richard Fleming and Tim Bolot of turnaround specialist Bolt Partners to thrash out a better deal. Most of the firm’s biggest landlords already accept monthly payment, paving the way for tough negotiations in the next few months, one person familiar with the firm said. Rental payments cost the firm £250m a year, eating more than a quarter of the firm’s revenues, after the company sold a swathe of care homes to rent back on long leases before the recession. The company said the 2.5 per cent average annual rent hikes under the leasing deals had become “unsustainable” earlier this month, sending its shares plunging 60 per cent.Southern Cross warned that it was likely to breach debt covenants, though its banks, Barclays and Lloyds, remain “fully supportive”. A company voluntary agreement, similar to that won by Fleming for JJB Sports last month, is thought to be off the agenda due to the large number of subsidiaries in the Southern Cross structure. Southern Cross landlords reportedly include the Qatar Investment Authority, NHP, Lloyds Properties and property tycoon Nick Leslau’s Prestbury. Southern Cross and its advisers KPMG and Bolt Partners all declined to comment yesterday. The firm’s shares closed at 15.5p on Friday, down from 130p a year ago. 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 KCS-content center_img 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 AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Share Southern Cross aims for rent deal Tags: NULLlast_img read more

Watchdog blocks Deutsche unit sale

first_img Show Comments ▼ KCS-content DEUTSCHE Bank was forced to scrap the sale of its subsidiary BHF to Liechtenstein bank LGT yesterday after the German financial regulator blocked the deal on tax evasion concerns.Sources familiar with the situation told City A.M. that watchdog BaFin had doubts over the reliability of LGT’s funding sources given its history of probes for tax evasion.LGT, which had targeted BHF mainly for its wealth management arm, said it had decided “not to pursue this complex transaction” following discussions with BaFin.LGT has been under German regulators’ spotlight since 2008, when client data stolen from it revealed that former Deutsche Post chief executive Klaus Zumwinkel had a trust with the group. LGT paid a €50m (£44m) fine last December to settle the regulators’ tax probe, and did not admit guilt. Zumwinkel admitted tax evasion and received a suspended jail sentence.In a statement, Deutsche Bank said it “regrets the fact that the transaction did not come about”. BaFin spokesman Ben Fischer told City A.M.: “We have to check whether the buyer has reliable funds and the sources of the money that it was investing were solid.” Watchdog blocks Deutsche unit sale Monday 18 April 2011 7:57 pm Sharecenter_img whatsapp whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Tags: NULLlast_img read more

Fraud panel criticises SFO plans

first_img The Fraud Advisory Panel has slammed the break-up of the Serious Fraud Office (SFO). In a Treasury consultation submission it said the planned changes “would be a wholly unwise and dangerous move in our view that would benefit only the criminal and be an enormously retrograde step in the fight against financial crime.” Under government plans the SFO will be dismantled and its responsibilities split between the Crown Prosecution Service, which will charge cases, and the new National Crime Agency, which will be tasked with investigating alleged offences. KCS-content Fraud panel criticises SFO plans Show Comments ▼ whatsapp Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Monday 25 April 2011 11:48 pm whatsapp Tags: NULLlast_img read more

Denmark iGaming Dashboard – Q2 2018

first_img Topics: Casino & games Finance Sports betting Bingo Poker iGaming Business and Ficom Leisure are pleased to present the Denmark iGaming Dashboard, providing revenue and product metrics on the dot.dk regulated market Email Address Bingo 7th November 2018 | By Joanne Christie iGaming Business and Ficom Leisure are pleased to present the Denmark iGaming Dashboard, providing revenue and product metrics on the dot.dk regulated market.The Fifa World Cup and a strong casino performance saw the Danish market reach its best quarter in terms of GGR since the market was regulated at the beginning of 2012.Total igaming GGR reached €129.9m in the second quarter, up almost 10% on the €118.3m of Q1 and up 21% on the €107.3m of the second quarter of last year. Sports betting GGR rose to €57.8m in the second quarter, up almost 20% from the €48.3m of Q1 and more than 25% on the €45.8m of the same period the previous year. However, the Danes’ enthusiasm for the month-long football tournament didn’t detract from their devotion to casino, which experienced its best quarter yet with GGR of €67.2m. This was up from €64.2m in the previous quarter and €57.0m in the same quarter last year. Casino continues to take the biggest slice of the igaming pie in Denmark, and increasingly, the trend is moving towards mobile rather than desktop. In the second quarter, the split between desktop and mobile was 67.1% to 32.9%, with the latter being the highest percentage since the market was regulated.  When it comes to the market’s smaller verticals, however, the pattern in Denmark is similar to that seen in other jurisdictions. Although Danish operators have since the start of this year been allowed to offer online bingo, the vertical has gotten off to a shaky start, contributing just €2.0m in GGR in Q1 before falling to €1.8m in Q2. Poker continued its decline and last quarter the vertical recorded its lowest performance since market liberalisation, falling to €3.3m from €3.8m the previous quarter.Ficom Leisure also provides exclusive monthly estimates on the Italian online market in the Italy iGaming Dashboard, including operator market shares across casino, sports betting and poker, and on the New Jersey market in the New Jersey iGaming Dashboard. It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard.A European corporate advisory firm, Ficom Leisure is a specialist in all segments of the betting and gaming sector. Subscribe to the iGaming newsletter Tags: Card Rooms and Poker Online Gambling Denmark iGaming Dashboard – Q2 2018 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Nordics Denmarklast_img read more

Inspired sees revenue drop as losses widen in Q4

first_img Tags: Mobile Online Gambling Slot Machines Video Gaming 12th February 2019 | By contenteditor Inspired sees revenue drop as losses widen in Q4 Subscribe to the iGaming newsletter Email Address Inspired Entertainment has reported a year-on-year decline in revenue for the fourth quarter, with losses also widening in what was a transitional period due to a change in fiscal year end. Revenue in the three months to December 31, 2018, totalled $30.7m (£23.9m/€27.2m), down from $31.4m in the corresponding period in 2017. Inspired, which provides virtual sports, mobile gaming and server-based gaming systems to the market, put this decline down to lower hardware sales, mainly in the UK. Total hardware sales fell from $1.0m in Q4 of 2017 to $686,000. The tech provider also said a drop in Greek software licence sales contributed to the overall decline in revenue. Overall services revenue slipped from $30.4m to $30.0m. Net loss for the quarter grew from $4.2m in Q4 2017 to $4.7m, mainly due to higher cost of sales, as well as depreciation and amortisation. However, Inspired noted that net operating loss for the period was reduced from $4.4m to $2.4m, helped by a reduction in staff numbers, saving the company $1.8m. As a result of net loss increasing, net loss per common share, both on a basic and diluted basis, also worsened from $0.20 to $0.23. However, Inspired was boosted by an improvement in EBITDA, which climbed from $7.3m to $8.2m in Q4. Inspired put this down to overhead savings, again due to lower staff-related costs. Inspired executive chairman, Lorne Weil, remained upbeat about the results, highlighting that Q4 was a transitional period for the company. Inspired will switch its fiscal year end from September 30 to December 31 from 2019, with the results for the first quarter of this new calendar expected in May. “As we complete our transition to a traditional calendar year reporting cycle, we’re expecting good performance in the first quarter of 2019 driven by continued growth in Greece and Italy, as well as interactive and additional hardware sales opportunities in conjunction with a reduced overhead expense base,” Weil said. Weil also spoke of his confidence about how Inspired will deal with upcoming changes to regulations surrounding fixed-odds betting terminals in the UK. The maximum stake on the machines will be cut from £100 to £2 from April 1, while Remote Gaming Duty will also rise from 15% to 21%. “As we move from the first quarter into the second quarter, we expect to begin to see the impact of the implementation of new regulations as a result of the Triennial,” he said. “We have been investing in the resources necessary to satisfy the new requirements and meet player needs in the UK and we are extremely optimistic about our strategy to mitigate a portion of any potential impact.” Weil also referenced Inspired’s expansion plans in North America, saying that the company is seeking out opportunities to drive growth in the region. “We continue to believe our content and solutions provide an ideal platform for growth and, based on our proven success throughout Europe, we see a unique opportunity to build our VLT, virtual sports and interactive businesses in North America,” he said.center_img Topics: Casino & games Finance Sports betting Slots Video gaming AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Inspired Entertainment has reported a year-on-year decline in revenue for the fourth quarter, with losses also widening to €4.7m in the transitional period.last_img read more

Bwin nets sponsorship deal with LaLiga’s Valencia

first_img Bwin nets sponsorship deal with LaLiga’s Valencia Topics: Marketing & affiliates Sports betting Tags: Online Gambling Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Online gaming operator bwin has agreed a deal to become the  main sponsor of Spanish LaLiga football club Valencia. The agreement will run from the 2019-20 season until the end of the 2021-22 campaign. 28th June 2019 | By contenteditor Marketing & affiliates Online gaming operator bwin has agreed a deal to become the main sponsor of Spanish LaLiga football club Valencia.The three-year agreement will run from the 2019-20 season until the end of the 2021-22 campaign, with bwin to also serve as the team’s main global partner.Bwin branding will feature on the front of the team’s official match and training shirts. The deal includes both the Valencia first team and VCF Mestalla reserve team in all domestic and European competitions.The deal builds on an existing relationship between the two parties, with the operator having worked with the club in a commercial capacity since the 2016-17 season.“Bwin are leaders in their sector, and set the benchmark for their technological innovation, transparency and dynamism,” Valencia president, Anil Murthy, said.“Valencia CF share these virtues and I am convinced that strengthening this alliance will be tremendously beneficial for both parties. We hope to make history together.”Earlier this week, Valencia’s LaLiga rival Sevilla also signed a shirt sponsorship deal with Marathonbet, while reigning Belgian First Division A champions Club Brugge entered into a partnership with Kindred-owned Unibet.Image: Max Pixel Subscribe to the iGaming newsletter Regions: Europe Southern Europe Spainlast_img read more

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