Wiggin EU regulation roundup – August 2018

first_img Tags: Card Rooms and Poker Online Gambling Slot Machines 3rd August 2018 | By Stephen Carter Bingo AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Chris Elliott and Beth French of law firm Wiggin provide a regulatory snapshot of markets across the EU, with Bulgaria, Italy, Malta and Spain among those updated Email Addresscenter_img Wiggin EU regulation roundup – August 2018 In conjunction with Chris Elliott and Beth French of Wiggin LLP, iGaming Business provides a regulatory snapshot of igaming across the EU, including all regulated products, legalised operator types and market updates. Belgium, Bulgaria, France, Italy, Malta and Spain are among those updated AUSTRIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for sports betting and horse race betting are available for private operators on a regional basis within Austria, whereas poker, casino, bingo and lottery are controlled by the monopoly, Casinos Austria, which has exclusive rights until 2027.Status: In 2016, national courts reached conflicting decisions on the compatibility of Austria’s current gambling legislative framework with EU law, which remains unclear. The draft amendments to the Gambling Act, which would introduce ISP-blocking measures and an express provision rendering gambling contracts contrary to the Gambling Act void, has been temporarily withdrawn. It is unclear at this stage whether the initial draft will be re-published.BELGIUM Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider. However, online operators need to partner with local casinos in order to satisfy the land-based establishment requirement; alternatively, apply for one of the 34 retail licences (F1 licences) that can be extended to cover online (F1+ licence).Status: There remain valid arguments that the existing regime is incompatible with Belgium’s EU Treaty obligations. On 22 March, 2018, Belgium’s Constitutional Court ruled in favour of an exemption from VAT obligations for online gambling transactions. Active enforcement measures against operators and players are in place. Following a recent ruling by the Constitutional Court that the country’s licensing arrangements are unconstitutional, each type of gambling product will need to be offered through a different URL  in order to harmonise the disparity between land-based and online licence conditions.  BULGARIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery (excluding raffles and instant lottery games). Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider.Status: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. The Bulgarian regulator has awarded approximately 20 licences to date, including to a number of international operators.  The government has notified the European Commission of draft amendments to the country’s gambling legislation which, among other things, would introduce stringent restrictions on how gambling products can be advertised. The standstill period ends on 10 September, 2018.CROATIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider. Private operators can only be licensed to offer igaming if they obtain a land-based casino or betting licence.Status: Following Croatia’s accession to the EU in 2013, it was understood that it would submit new legislation that was compatible with EU law. However, on 5 March, 2014, the Croatian government notified a draft bill to embolden the position of the monopoly and local operators, giving rise to further incompatibility issues. The receipt of a detailed opinion from the EC stalled the legislative process.CYPRUS Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: OPAP has a monopoly over lottery operations; sports-betting licences are available to private operators.Status: Cyprus regulated online betting in July 2012, although a licensing regime was not established until 2016. Applications for online sports-betting licences were accepted for a one-month period only from 3 October, 2016. ISPs are obliged to implement blocking measures to prohibit Cypriot residents from accessing unlicensed gambling websites. Cyprus has notified new draft gambling legislation to the EC in response to concerns about the local establishment requirement under the Betting Law and the equal treatment of gambling operators in the country (principally as a result of the exemption afforded to OPAP).CZECH REPUBLIC Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: EU and EEA-based operators are able to apply for licences.Status: The new gambling regulatory regime entered into force in the Czech Republic on 1 January 2017, allowing EU/EEA companies to enter the market. The licensing regime has been called into question after a number of foreign operators are believed to have withdrawn from the licensing process, citing the current regime as incompatible with EU law. ISP-blocking measures are active in the jurisdiction.DENMARK Regulated gambling products: Sports betting, fantasy sports, horse race betting, poker, casino, bingo and lottery. Operator type: Sports betting, poker and casino licences are available to private operators. Lottery is controlled by the state monopoly.Status: The Danish online gambling regime went live on 1 January, 2012. ISP-blocking measures are active in the jurisdiction and the Danish Gaming Authority has been granted an injunction to block operators and suppliers that have been targeting Danish customers without the requisite licence. Danish political parties have reached an agreement to introduce limits on bonuses. The Ministry of Taxation is understood to be aiming for a 1 January, 2019 implementation, although the exact proposed changes are currently unknown.ESTONIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for all gambling products are available to private operators save for lotteries, which are reserved exclusively for the monopoly operator.Status: Operators seeking to accept business from players in Estonia must be issued an activity licence for the type of gambling they wish to offer, then an operating permit to provide the services remotely. A blacklist of about 1,100 operators is maintained and updated by local authorities and ISP and payment blocking is in force. Though some operators argue that the regime is still not compatible with EU law, there has been no open challenge by the EC to date.FINLAND Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All gambling products are under the exclusive control of the three monopoly providers, Raha-automaattiyhdistys (“RAY”), Fintoto Oy and Veikkaus Oy. The monopolies merged into one state entity on 1 January, 2017.Status: An ECJ ruling confirmed that Finland’s three monopoly providers are legally permitted, which was subsequently written into law. In November 2013, the EC also withdrew infringement proceedings. Active enforcement measures are in place (restrictive marketing for offshore operators and ISP blocking).FRANCE  Regulated gambling products: Sports betting, horse race betting, poker, bingo and lottery. Operator type: Private operators can obtain online licences for sports betting, horse race betting and poker. The monopoly has exclusive rights to bingo and lottery.Status: A regulated market since the introduction of a licensing regime in 2010, following which the EC withdrew its infringement proceedings. Parliament announced a full review of French gambling legislation in 2016, although little progress has been made to date except for changes to allow for international poker liquidity and provisions relating to the organisation of esports tournaments. The state-owned operator of France’s national lottery games, Française des Jeux (“FDJ”), is set to be privatised, with broader regulatory changes to the online sector expected to follow.GERMANY Regulated gambling products: Schleswig-Holstein, a small northern-German state, regulates sports betting, horse race betting, poker, casino and bingo. The other 15 states of Germany currently permit only sports betting and horse race betting. Operator type: Private operators can no longer obtain licences in Schleswig-Holstein and those in existence will expire on 30 June, 2019. In the other 15 states, horse race betting licences are available at a regional level but the position surrounding the 20 available sports-betting licences is still uncertain.Status: The licensing regime is in a state of flux. The tender for 20 federal sports-betting licences was aborted following a number of appeals by operators who were not granted licences. The ECJ ruled in 2016 that Germany’s sports-betting regulation was incompatible with EU law and that enforcement actions would be unlawful where none of the 20 licences could, in practice, be acquired. The decision led to calls for comprehensive legal reform of Germany’s gambling legislation. In March 2017, all 16 German states signed amendments to the country’s gambling law; however, on 22 September, 2017, Schleswig-Holstein’s state parliament voted against ratifying these, with North-Rhine Westphalia and Hesse since announcing their intention to follow suit. Without full state support, the intended changes did not take effect, further delaying reform. A Federal Administrative Court ruling on 26 October, 2017, upheld the ban on online casinos and poker. The ruling, which is now the subject of a constitutional complaint, appears to have led to action by local regulators seeking to enforce the prohibition of online casinos by issuing interdiction letters to operators. Payment-blocking initiatives are also being pursued.GREAT BRITAIN Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All licences are available to private operators save for lottery, which is reserved exclusively for the monopoly provider, Camelot.Status: Any operator that transacts with, or advertises to, British residents requires a licence from the Gambling Commission. Licensed operators are required to source gambling software from commission-licensed businesses. Since 1 August, 2017, the first use of free plays for remote gaming will be taxed and winnings will be brought into the duty calculation at the end of the rewagering process. The UK government has announced its intention to increase Remote Gaming Duty at the next budget to cover a shortfall in lost tax revenue resulting from a reduction in maximum stakes on fixed odds betting terminals from £100 to £2.GREECE Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: All products are exclusively reserved for the monopoly providers, although 24 transitional licences for private operators remain active, with all products permitted.Status: The enabling regulations that implement a Greek online gambling licensing regime are yet to be implemented. In 2012, a “transition period” commenced, whereby the Greek government granted 24 transitional licences to operators, enabling them to keep transacting with Greek residents. The fate of the 24 licences is still unclear, although the Hellenic Gaming Commission launched a consultation on the reform of the country’s online gambling regulation in late 2017. Any new licensing regime is not expected to be introduced before 2019, at the earliest. Tax authorities in Greece are currently investigating the 24 licensees for taxes owed on operations from 2010-11.HUNGARY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Only the state monopolies  (Szerencsejáték Zrt. and Magyar Lóversenyfogadást-SzervezőKft) and local concession companies can apply for a licence.Status: Amendments to Hungarian gambling law came into force on 1 October, 2015, and allow only two land-based casinos to hold remote casino concessions. The regulator has since issued fines, a number of which have been challenged, against unlicensed operators that continue to target the market. In June 2017, the ECJ determined Hungary’s gambling regime to be incompatible with Article 56 TFEU. A subsequent ECJ decision in February 2018 ruled against the Hungarian requirement that online gambling operators must have a land-based licence to offer online gambling services to Hungarian citizens, further strengthening arguments that the current regime is incompatible with EU law. The Hungarian Ministry of Justice has stated its intention to continue to seek to enforce the existing regime despite the most recent ruling. A draft bill that would introduce payment-blocking measures was notified to the EC on 15 December, 2017, although the bill does not appear to have been adopted to date.IRELAND Regulated gambling products: Online gaming is not specifically accounted for in Ireland’s outdated legislation and as such is currently unregulated. Operator type: Online betting regulated since August 2015.Status: Ireland is currently updating its legislation, which will create a comprehensive igaming regime. In January 2018, the Irish Cabinet gave the go-ahead to draft a new version of a bill that was first proposed in 2013. Ireland’s opposition party tabled its own legislation in response, citing a lack of progress by the government on its own bill. Amendments to the Gaming and Lotteries Act 1956 have also been proposed. Legislative progress is not expected until late 2018 at the earliest.ITALY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Fully regulated market.Status: The Stability Law 2016, passed in December 2015, introduces various measures affecting the remote gambling industry, including tax changes and a tender process for the award of 120 new online gaming licences. The tender process for applications closed on 19 March, 2018. On 2 July, 2018, the Italian government approved a decree which will prohibit gambling advertising and sponsorship in the jurisdiction.LUXEMBOURG Regulated gambling products: Lottery. Operator type: Monopoly.Status: The general prohibition on gambling appears sufficiently wide to cover all forms of online gambling.MALTA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for a local licence (except for lottery products).Status: Malta has approved a new Gaming Act that replaces all existing gaming legislation with a single piece of legislation, supplemented by secondary legislation. The Gaming Act, together with directives and regulations, is effective as of 1 August, 2018. NETHERLANDS Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Monopoly for all products.Status: The Dutch parliament’s lower house approved the Online Gambling Bill in 2016, which will introduce an online gambling licensing regime. The legislation will impose a 29% GGR tax on both online and land-based operators. The bill requires approval from the Senate and licensing is not expected to commence until at least 2019. In the interim, the regulator continues to implement enforcement measures against operators targeting Dutch players and has announced that, as of 1 June, 2017, it would expand its approach to enforcement to pursue any operators that are “specifically and unequivocally” targeting the Dutch market. On 2 May, 2018, the Council of State Administrative Law Division ruled that the licence allocation process for the exclusive licences (under the current regime) for sports betting, lotto games and instant lottery is compatible with EU law.NORWAY Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: Online gambling is reserved for the two monopoly providers, Norsk Tipping and Norsk Rikstoto.Status: The monopoly has extended its offering to include live betting, online bingo and casino games in an attempt to redirect traffic from unlicensed sites. In March 2017, the government published a long-awaited white paper on how best to regulate the gambling sector, which proposed that the gambling monopoly remain in place and no licensing system be introduced. The Norwegian regulator continues to step up enforcement efforts against unregulated operators, local banks and payment service providers. On 4 June, 2018, the Ministry of Culture notified a draft regulation to the European Commission that would establish payment blocking measures. The standstill period will end on 5 September, 2018. The European Gaming and Betting Association is understood to have filed a legal challenge against the proposed measures.POLAND Regulated gambling products: Sports betting, horse race betting, casino and poker. Operator type: Betting licences are available for companies with a representative in Poland. Casino and poker are reserved for a state monopoly.Status: Legislation enacted 1 January, 2012, permits betting. Following the approval of various amendments to the Gambling Act, online gaming (including poker) is no longer prohibited as of 1 April, 2017, although the exclusive rights to offer such products are reserved for a state monopoly. Provisions that provide for the establishment of a blacklist of unlicensed operators and ISP and payment blocking came into force on 1 July, 2017. The blacklist contains more than 1,000 domain names.PORTUGAL Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Any EU/EEA operator can apply to be granted a licence for online gambling. Lottery games and land-based fixed-odds sports betting remain reserved for a monopolyStatus: A regulated market since 2015. Although operators can now apply for licences, their Portuguese revenue streams will be subject to comparatively high tax rates, particularly in sports betting, which is subject to an 8-16% tax on turnover. In 2015, the RGA filed a state-aid case with the EC challenging the Portuguese betting tax as breaking EU trade rules. On 30 January, 2018, the Portuguese gambling regulator published a call for contributions on the review of the current regulatory framework for online gambling.ROMANIA Regulated gambling products: Sports betting, horse race betting, casino, bingo and lottery. Operator type: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. Lottery games remain reserved for the monopolyStatus: The Romanian government passed legislation in 2014 that allows entities within the EU to apply for a licence, imposes a reform on licence fees and eliminates many (but not all) of the tax burdens placed on player revenues. The Gambling Law (as amended) introduced a legal framework for a fully regulated online gambling market and requires licences to be held by online gambling operators, as well as software providers, payment processors, affiliates and testing labs. After some delay, the secondary legislation that fully implemented the new licensing regime came into force on 26 February, 2016. The National Office for Gambling in Romania published a blacklist of unlicensed gambling operators in July 2015.SLOVAKIA  Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Monopoly, save that land-based sports-betting operators can offer services online owing to a legal loophole.Status: In November 2016, a bill amending the existing gambling legal framework was approved. The amendments, which entered into force on 1 January, 2017, included the introduction of ISP and payment blocking of illegal online gambling offerings in the Slovak territory. Slovakia’s Financial Directorate began to perform its supervisory function over these blocking measures from 1 July, 2017. On 25 May, 2018, a new draft law was published for consultation which, if adopted, would replace the existing legislation and open up the market to private operators (save for state lottery games) as of 1 July, 2019.SLOVENIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Online gambling must be operated by land-based casinos or lotteries and, as a result, only the monopoly holds online licences in Slovenia.Status: Draft amendments to the Gaming Act were published in 2015, which aim to remove the current local establishment requirement. The proposal is yet to be submitted to the Slovenian parliament, although it is expected to be adopted in 2018. Whether any amendments will introduce a formal licensing system remains unclear.SPAIN Regulated gambling products: Sports betting, horse race betting, casino, poker, bingo and lottery. Operator type: Private operators can apply for licences for all gambling products save for lotteryStatus: First online licences were issued on 1 June, 2012. Operators must hold a general licence and a specific licence, both issued by the National Gambling Commission, for each activity. In June 2015, 10 new licences were awarded, the first since 2012. In addition, 25 online slot permits were issued to new and existing operators. This followed the approval of the regulation of slots and betting exchanges. The Spanish regulatory body DGOJ has formally opened its third call for tender, with applications for online licences accepted from operators for a period of one year, until 18 December, 2018. On 16 January, 2018, online poker liquidity sharing between Spain and France came into effect. The 2018 parliamentary budget was passed into law in June 2018, resulting in a reduction to gambling tax effective as of 1 July, 2018.SWEDEN Regulated gambling products: Sports betting, horse race betting, poker, bingo and lottery. Operator type: Only public-benefit organisations, the horse racing industry and the state lottery may obtain a licence. No licences are available for private operators, although this will change with the introduction of the new legal frameworkStatus: The Swedish parliament adopted a bill that will introduce an online-gambling licensing regime. The law is expected to enter into force on 1 January, 2019, with the licence application process opening as of from 1 August, 2018.WIGGIN is a law firm dedicated to supporting the media, entertainment and gaming sectors. Its market-leading betting and gaming group provides specialist legal services to an array of gambling industry stakeholders. We advise many of the world’s leading gambling operators and suppliers and also enjoy helping entrepreneurial, interactive start-up businesses. If you’d like to hear more, contact us at [email protected] Subscribe to the iGaming newsletter Topics: Casino & games Legal & compliance Sports betting Bingo Poker Slots Table gameslast_img read more

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East African Breweries Limited (EABL.ke) 2006 Annual Report

first_imgEast African Breweries Limited (EABL.ke) listed on the Nairobi Securities Exchange under the Beverages sector has released it’s 2006 annual report.For more information about East African Breweries Limited (EABL.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the East African Breweries Limited (EABL.ke) company page on AfricanFinancials.Document: East African Breweries Limited (EABL.ke)  2006 annual report.Company ProfileEast African Breweries Limited brews and produces alcoholic beverages made from malt and barley and sells them to domestic markets in Kenya, Uganda, Tanzania and South Sudan. Products in its range include Tusker, Tusker Malt Lager, Tusker Lite, Tusker Premium Cider, Pilsner Lager, Pilsner Ice Lager, White Cap Lager, White Cap Light, Windhoek Lager, Bell Lager, Serengeti Premium Lager, Senator Lager, Guinness, Balozi Lager, Kibo Gold and Allsopps Lager. East African Breweries also produces a range of spirits including Smirnoff No 21 vodka, Smirnoff Ice, Cîroc, Richot brandy, V&A sherry, Uganda Waragi, Justerini and Brooks, Myers Original Dark rum, Snapp, Jebel Special, Chrome vodka, Orijin and Smirnoff Ice Electric Ginseng, Johnnie Walker whisky and other Kenyan cane brands. Non-alcoholic brands in its product range include Alvaro and Malta Guinness. The company is a subsidiary of Diageo Plc and its head office is in Nairobi, Kenya. East African Breweries Limited is listed on the Nairobi Securities Exchangelast_img read more

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A legendary British investor says the stock market is in a bubble. Here’s what I’d do now

first_img Enter Your Email Address See all posts by Edward Sheldon, CFA I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Views expressed in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. A legendary British investor says the stock market is in a bubble. Here’s what I’d do now Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997”center_img Image source: Getty Images Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. The stock market has had a good run since the February/March Covid-19 crash. The FTSE 100 index, for example, is up nearly 30%. Meanwhile, the S&P 500 is up around 40%. We may not be out of the woods yet though. Worryingly, the majority of professional money managers expect another stock market crash in the near future.The latest to come out and warn about another crash is legendary British investor Jeremy Grantham, co-founder and chief investment strategist of Boston-based money manager GMO. Grantham – who has a great track record when it comes to predicting stock market crashes – believes that stocks are now in a bubble.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Undeniable economic problemsIn an interview with CNBC last week, Grantham said the stock market rally we’ve seen since late March was a “rally without precedence.” He explained that this was the only rally in the history books to take place against a background of “undeniable economic problems.”Grantham described the market as the most “crazy” he’s seen in his career. In his view, the market is now in bubble territory.“My confidence is rising quite rapidly that this is, in fact, becoming the fourth, real McCoy, bubble of my investment career. The great bubbles can go on a long time and inflict a lot of pain but at least I think we know now that we’re in one. And the ‘chutzpah’ involved in having a bubble at a time of massive economic and financial uncertainty is substantial,” Grantham said.Graham also said the market was being driven by “uncontrolled day traders” who are currently out of work and into market speculation. He also noted that investors should have zero exposure to US equities right now.Stock market crash: how I’m protecting my portfolioSo, what does this mean for investors? Should we be worried about this call from Grantham?Well, I’m not going to rush out and sell my whole portfolio of stocks simply because Grantham is bearish on the stock market. Realistically, no one knows what the market is going to do in the short term.That said, when a top investor like Grantham, who warned that stocks were overvalued both in 2000 and 2007, right before big crashes, is saying that stocks are in a bubble, I think it’s worth taking note and thinking about risk management.I can say I’ve certainly been focusing more on risk management in the last few months as the market has surged. I’ve offloaded a few weaker holdings that could be hit hard if we were to see another crash. Instead, I’ve focused more on high-quality resilient stocks that have strong growth prospects in a post-Covid-19 world.I’ve also been stockpiling cash recently. Cash is a terrible investment over the long term, but it’s very handy in a stock market crash. That’s because it enables you to pick up stocks at amazing prices when other investors are panicking.If share prices do crash again, I’ll be ready to capitalise. Edward Sheldon, CFA | Monday, 22nd June, 2020 Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

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Tate and MoMA in e-business tie-in

Howard Lake | 17 April 2000 | News In October 1999 UK Fundraising featured a comparison between the New York Museum of Modern Art’s e-commerce activities and those of the UK’s Tate Gallery in London. The Tate was not doing as well as MoMA.In October 1999 UK Fundraising featured a comparison between the New York Museum of Modern Art’s e-commerce activities and those of the UK’s Tate Gallery in London. The Tate was not doing as well as MoMA.Today the two museums have joined in an e-business venture which has been described as the “first commercial venture of its kind.” Investment in the venture is reported to be in the region of several million pounds. Advertisement  16 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. The new company, which could even be floated, will be named within the next few weeks. It will offer and sell design and educational products, including posters, furniture and household goods, but will not sell original works of art. The site is due to go live in December 200, and is likely to include content and other services from arts-related organisations . Tate and MoMA in e-business tie-in read more

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Wellness on the water with Shannon Dragons

first_img TAGSCommunityLimerick City and CountyNews The Shannon Dragons on its way for its Maiden Vogage.Picture Brendan GleesonThe ‘Wellness on the Water Festival’, a fundraising event for the Shannon Dragons, will take place on September 1.This is the first time a Dragon Boat Racing Competition of this type has been held in Limerick, and the organisers are delighted that 12 novice teams have registered to take part, including teams from Rusal Aughinish, Analog, Axa Insurance, Britvic Ballygowan, Limerick City and County Council and Clare County Council.Sign up for the weekly Limerick Post newsletter Sign Up “It’s a big venture for us and we have our fingers crossed for the weather, rain we can get over, wind we do not want, we don’t want any choppy waters.“This event has been run in other areas with huge success. We have seen how successful the Cork Dragon boat Race has been and would love to bring that excitement and spectacle to the Shannon Region,” said club member Mary Mc Elhinney.Established two years ago by Brid O’Connell who was recovering from breast cancer, “once she got back on the water she felt fantastic and wanted to let other people know who were in recovery, how much it had helped her.“The club is open to anybody, but once you are in the boat, nobody knows who has had breast cancer and who hasn’t, you are there for the exercise, and there’s huge cameraderie”.Funds from the competition will go towards maintaining the clubs two boats, to keep them in good condition.Some of the club members like intense training twice a week and enjoy taking part in competitions around the country. The second boat is for the ‘gentle pacers’ or beginners. The boats only have a certain lifespan, as they are not heavy-duty plastic, all money raised will be reinvested into the club.“I was there at the start and Breda’s the driving force, she is a person of enormous energy, she keeps the whole thing going.“On Saturday the 24, we have a safety training day. Then on competition day, people can watch the teams as they struggle to get out of the heats and into the final.“These will be amateurs who have had one day’s training so the entertainment value will be high. We need to get the word out to as many as possible. Come out to O’Brien’s Bridge and meet the Shannon Dragons,” added Mary.For more information see www.shannondragons.ie Email Twitter Print TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! Local backlash over Aer Lingus threat Shannon Airport braced for a devastating blow Facebook RELATED ARTICLESMORE FROM AUTHORcenter_img Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites WhatsApp Advertisement NewsCommunityWellness on the water with Shannon DragonsBy Louise Harrison – August 18, 2019 344 Previous articleLimerick District League Premier Division round-upNext articleWATCH: Munster Women Earn Interpro Win Over Ulster Louise Harrisonhttp://www.limerickpost.ie Linkedin Limerick on Covid watch list Is Aer Lingus taking flight from Shannon?last_img read more

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Kaneka Eurogentec erhält GMP-Akkreditierung für neue mRNA-Herstellungsanlage – Produktion von COVID-19-Impfstoffen läuft weiter

first_img WhatsApp Pinterest TAGS  Local NewsBusiness Facebook Pinterest Twitter Facebookcenter_img Kaneka Eurogentec erhält GMP-Akkreditierung für neue mRNA-Herstellungsanlage – Produktion von COVID-19-Impfstoffen läuft weiter By Digital AIM Web Support – February 17, 2021 WhatsApp SERAING, Belgien–(BUSINESS WIRE)–Feb 17, 2021– Kaneka Eurogentec: Diese Pressemitteilung enthält multimediale Inhalte. Die vollständige Mitteilung hier ansehen: https://www.businesswire.com/news/home/20210217005032/de/ Photo credit: Kaneka Eurogentec S.A. Neue GMP-konforme Anlage für die Herstellung aktiver Arzneimittelwirkstoffe Die neue von den belgischen Behörden geprüfte und akkreditierte Anlage gestattet die Produktion und Aufreinigung im Maßstab von bis zu 10 g RNA (bis zu 1 Million Impfstoffdosen) zur Anwendung in klinischen Studien am Menschen und für den kommerziellen Handel. Diese Menge kann potenziell noch weiter aufgestockt werden. Stärkung der Position von Eurogentec als führendem Anbieter im Bereich der Gentherapie Dr. Lieven Janssens, President und CEO von Kaneka Eurogentec, sagte dazu: „Die GMP-konforme Herstellung von mRNA ist eine perfekte Ergänzung unserer laufenden GMP-konformen DNA-Herstellungstätigkeit. Damit bieten wir eine zentrale Anlaufstelle für Plasmid-DNA, Linearisierung und mRNA-Herstellung. Kaneka Eurogentec verfolgt in jedem Fall das Ziel, die weltweit führende CDMO für mRNA zu werden. Bei der Produktion für Plasmid-DNA nehmen wir diese Stellung bereits ein .“ Zwei Verträge für mRNA bereits unter Dach und Fach Die mehr als 25-jährige Expertise des Unternehmens als CDMO für die GMP-konforme Herstellung von Biopharmazeutika findet weltweit Anerkennung. Zwei Kunden haben bereits Aufträge für drei mRNA-Sequenzen erteilt, darunter auch für klinische Studien zu COVID-19 im Frühstadium. Über Kaneka Eurogentec Eurogentec wurde 1985 als eines der ersten Biotech-Unternehmen in Belgien gegründet. Kaneka Eurogentec trägt zur Verbesserung der Gesundheit bei und bekämpft Krankheiten durch die Bereitstellung von Produkten und Dienstleistungen für Wissenschaftler, die mit der biowissenschaftlichen Forschung, der molekularen Diagnostik und der Entwicklung von Therapeutika befasst sind. Das in Lüttich ansässige Unternehmen gilt als bedeutender Anbieter in den Bereichen Genomik und Proteomik sowie als vertrauenswürdiger Vertragshersteller (CDMO) für die Bioproduktion von Pharmazeutika (Impfstoffe und Arzneimittel). Im Jahr 2010 wurde das im April 2017 in Kaneka Eurogentec umbenannte Unternehmen Teil der Kaneka Corporation, eines großen japanischen Chemiekonzerns, der sich auf technologische Entwicklung und seine Innovationskraft konzentriert. Über die Kaneka Corporation Kaneka ist ein innovationsorientiertes Chemieunternehmen. Traditionell war das Unternehmen schwerpunktmäßig in den Bereichen Polymere, Gärung, Biotechnologie, Elektronik und anderen tätig. Heute umspannen seine Geschäftstätigkeiten ein breites Spektrum von Märkten – von Kunststoffen, EPS-Harzen, Chemikalien und Lebensmitteln bis hin zu Pharmazeutika, medizinischen Geräten, elektrischen und elektronischen Werkstoffen und Chemiefasern. Die Tätigkeiten in Verbindung mit den Biowissenschaften sind derzeit strategisch wichtige Bereiche für Kaneka. Das Unternehmen war einer der Vorreiter in der japanischen Chemiebranche bei der Errichtung ausländischer Betriebe, beginnend mit einer belgischen Tochtergesellschaft im Jahr 1970. Die Ausgangssprache, in der der Originaltext veröffentlicht wird, ist die offizielle und autorisierte Version. Übersetzungen werden zur besseren Verständigung mitgeliefert. Nur die Sprachversion, die im Original veröffentlicht wurde, ist rechtsgültig. Gleichen Sie deshalb Übersetzungen mit der originalen Sprachversion der Veröffentlichung ab. Originalversion auf businesswire.com ansehen:https://www.businesswire.com/news/home/20210217005032/de/ CONTACT: Kaneka Eurogentec S.A. Frédéric Dimola – Marketing Manager;[email protected]; 0032 4 372 74 00 www.eurogentec.com KEYWORD: BELGIUM EUROPE INDUSTRY KEYWORD: MEDICAL SUPPLIES HEALTH INFECTIOUS DISEASES RESEARCH SCIENCE PHARMACEUTICAL BIOTECHNOLOGY SOURCE: Kaneka Eurogentec Copyright Business Wire 2021. PUB: 02/17/2021 04:00 AM/DISC: 02/17/2021 04:00 AM http://www.businesswire.com/news/home/20210217005032/de Twitter Previous articleCockburn, Dosunmu lead No. 5 Illini past Northwestern 73-66Next articlePandemic politicking: Israel’s election sprint echoes US’s Digital AIM Web Supportlast_img read more

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Bookworm Vending Machine donated by Atmos

first_img Twitter Facebook By Odessa American – April 30, 2021 Facebook Pinterest Bookworm Vending Machine donated by Atmos EducationECISDLocal News TAGSAtmos EnergyBookworm Vending MachinePease Elementary center_img WhatsApp Twitter Pinterest WhatsApp Books sit in the Bookworm Vending Machine that XTO Energy and partner Education Foundation donated to Blackshear Elementary Magnet School last year. (Mark Rogers|Odessa American) A new Bookworm Vending Machine has been unveiled at Pease Elementary, thanks to Atmos Energy.The Bookworm Vending Machine will enhance the Bookworms Literacy Program funded by the Education Foundation by offering choice reading to students in Ector County ISD, providing students with opportunities to learn and become engaged in reading.The first Bookworm Vending Machine was unveiled in October 2019 at Ross Elementary. This new machine at Pease brings the count in ECISD up to 10 — and more are on the way.“We are so excited to bring the students at Pease a Bookworm Vending Machine and are so grateful to our partners at Atmos Energy for their donation,” Celeste Potter, Education Foundation director, said in a news release. “This is a great compliment to our Bookworms Literacy Program that currently provides students in grades pre-k through 1st grade with a new book each month. Research shows that books in the home have a positive payoff in improved test scores so any opportunity to get books in the hands of our students is a win.”The Bookworm Vending Machine comes to ECISD from Global Vending Group out of Amherst, NY. You can learn more about the story behind the development of this machine at their website: tinyurl.com/ce8yjp8dEducation Foundation FacebookEducation Foundation Twitter Previous articleNational Travel & Tourism Week 2021Next articleORMC gets top safety grade Odessa Americanlast_img read more

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Freddie Mac’s Mortgage Portfolio Sees Eighth Straight Month of Expansion

first_img Share Save Freddie Mac Monthly Volume Summary Serious Delinquency Rate 2015-10-29 Brian Honea Demand Propels Home Prices Upward 2 days ago October 29, 2015 1,370 Views The Best Markets For Residential Property Investors 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. in Daily Dose, Featured, News, Secondary Market Data Provider Black Knight to Acquire Top of Mind 2 days ago Freddie Mac’s Mortgage Portfolio Sees Eighth Straight Month of Expansion Previous: Weak Q3 GDP Growth Not Expected to Weigh Down Housing Next: Delinquency Rates Remain Low, Vacancy Rates Stabilize for SFR Securitizations Sign up for DS News Daily Home / Daily Dose / Freddie Mac’s Mortgage Portfolio Sees Eighth Straight Month of Expansion Related Articles Monthly expansion of Freddie Mac’s total mortgage portfolio was rare from 2010 to 2014. With the release of the Enterprise’s September 2015 Monthly Volume Summary on Thursday, Freddie Mac’s total mortgage portfolio has expanded for eight months in a row and 13 of the last 15 months.The total mortgage portfolio expanded at a compound annual rate of 3.1 percent in September, the highest rate of the year for any one month. Overall for the first nine months of 2015, the portfolio has expanded at an average rate of 1.5 percent. It has expanded for eight consecutive months following January’s contraction at a rate of 0.8 percent. The 3.1 percent annual rate of expansion in September translated to an over-the-month increase of $5.01 billion up to approximately $1.931 trillion.With that expansion of the total mortgage portfolio came a drop of four basis points in the serious delinquency rate for loans backed by Freddie Mac, down to 1.41 percent—a year-over-year decline of more than half a percentage point, from 1.96 percent in September 2014. By comparison, the serious delinquency rate on Freddie Mac-insured loans at the start of the crisis in November 2008 was 1.52 percent. The national serious delinquency rate reported by CoreLogic for August was 3.5 percent, nearly two full percentage points higher than Freddie Mac’s rate.Freddie Mac’s total mortgage portfolio has expanded only 20 times in the last 69 months dating back to January 2010 despite September’s increase. At the beginning of the 15-month period (July 2014) that saw 13 months of expansion, the portfolio was valued at $1.895 trillion. It has expanded by about $36 billion since then.The number of homeowners with Freddie Mac loans who received permanent loan modifications in September (4,283) increased slightly from August’s total of 4,137. To date in 2015 through the end of September, 43,079 homeowners with Freddie Mac-insured loans have received a permanent loan modification—an average of about 4,787 per month. This average is down by about 800 from 2014’s monthly average of 5,596.The aggregate unpaid principal balance (UPB) of Freddie Mac’s mortgage-related investments portfolio declined by approximately $2.7 billion in September, while single-family refinance loan purchase and guarantee volume totaled $12.1 billion in September, down substantially from $13.8 billion in August and July’s total of $20.2 billion.The percentage of single-family refinance loan purchase and guarantee volume that comprised the total single-family mortgage portfolio also took a big drop from August to September, from 50 percent to 41 percent. In May, the share was 61 percent. Relief refinance mortgages comprised about 13 percent of all of Freddie Mac’s single-family refi volume during September, up from 10 percent in August.To view the complete 2015 Monthly Volume Summary for September, click here.center_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Freddie Mac Monthly Volume Summary Serious Delinquency Rate Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honealast_img read more

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Meat workers fear for jobs as crisis deepens

first_imgRelated posts:No related photos. Previous Article Next Article Meat workers fear for jobs as crisis deepensOn 13 Mar 2001 in Personnel Today Asthe foot-and-mouth crisis enters its third week, meat processing companies havebeen forced to lay off staff and cut back working hours.Unionssay about 1,800 food processing workers across Britain are working shorterhours as a result of the outbreak.TheT&G union is due to meet the Government to discuss possible compensationfor workers whose income has dropped because of the crisis.AtGrampian Country Pork in Suffolk, 800 employees are now working three-dayweeks, as are 580 staff at Glanbia Fresh Meats in West Bromwich.Theywill be entitled to receive £16.70 a day in statutory compensation instead oftheir £270 per week with £70 bonuses.AtWelsh Country Foods in Gaerwen, Anglesey, 350 workers were forced to take aweek’s holiday last week after an outbreak of foot-and-mouth in its factory.AsPersonnel Today went to press, the staff were scheduled to return to work thisweek to disinfect the factory, which will open again by the end of March. Comments are closed. last_img read more

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Youth In Foster Care Struggle To Keep Up In School, Study Finds

first_imgYouth In Foster Care Struggle To Keep Up In School, Study FindsApril 22, 2019 TheStatehouseFile.comINDIANAPOLIS– Joshua Christian attended four different high schools while in the foster care system and none of the credits transferred from one school to the next, leaving him surprised that he was able to graduate on time.Christian, 21, of Indianapolis, was at the Indiana Statehouse Tuesday as results of Indiana’s first annual report on foster youth educational outcomes was discussed at a media event. Those attending, including lawmakers and foster care advocates, urged legislators and policymakers to create a comprehensive state-level plan to support foster children in K-12 schools.“Most young people are really behind their education and they really deserve a chance at having that shot of a successful life,” Christian, a member of the Indiana Youth Advisory Board, said after the event.Nearly 65 percent of Indiana students in foster care graduate high school, compared to 88.3 percent of their peers, according to the report. Also, nearly 21 percent of Indiana students in foster care receive a graduation waiver compared to 8.3 percent of their peers.“Young people like me, they are probably struggling with the idea of security,” Christian said. “When you’re in foster care, you don’t know where you’re going to be in two months, you don’t know where you’re going to be in three months, you’re in survivor mode.”Advocates say lawmakers should study what additional resources are needed to help foster children. They also argued for a tax credit program that would support nonprofits, provide family preservation services, and deliver support to foster children throughout Indiana.Advocates point out to legislatures that all foster care youth should have the same opportunities and abilities to receive their education as all Hoosier children have.Brent Kent, CEO of Indiana Connected by 25, stressed to those at the event that youth in foster care have serious education needs that must be recognized and addressed.“Our goal is to support their success and by age 25, they are housed, employed, financially stable and have completed some workforce or college,” Kent said. “In our work, one of the biggest hurdles to their successful transition to adulthood is the lack of equality K-12 education.”Last year, the non-profit organization started collecting data for the first time on the education outcomes for foster children throughout Indiana.Other Data From The Report:One in five can be homeless within two years of leaving the state’s custody;50 percent are unemployed at age 24;Only 3 percent will obtain a college degree;Indiana has more children in the states foster care system than any surrounding state, even those with twice the population;21 percent of Indiana students in foster care are suspended each year compared to 8.9 percent of their peers.Black students in foster care are expelled at almost four times the rate of their peers and only 3.2 percent pass the 10th grade math ISTEP.Rep. Robert Behning, R-Indianapolis, said the data show that the state doesn’t even know where all the foster children are located.“Out of the 17,000 students that we know are foster kids, the department can only locate about half of those, so we don’t know exactly how to provide those services,” Behning said.Rep. Dale DeVon, R-Granger, pointed out that sometimes some of the youth commit crimes just to get locked up because jail is better than their home life.“You truly have to become your own self-advocate to be successful,” Christian said. “The unknown is what is really scary.”FOOTNOTE:  Bryan Wells is a reporter for TheStatehouseFile.com, a news website powered by Franklin College journalism students.Print Friendly, PDF & EmailFacebookTwitterCopy LinkEmailSharelast_img read more

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