Danish regulator publishes new responsible gambling guide

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Nordics Denmark Casino & games Danish regulator publishes new responsible gambling guide Spillemyndigheden, the Danish gaming authority, has published a new guide on responsible gambling, including interpretations of how licensees should comply with responsible gambling rules. Tags: Online Gambling Subscribe to the iGaming newsletter Spillemyndigheden, the Danish gaming authority, has published a new guide on responsible gambling, including interpretations of how licensees should comply with responsible gambling rules.The guide states that that licence holders have an obligation to prevent problem gambling, to recognise potential problem gamblers among their players and to help those players who may have a problem with their gambling.Spillemyndigheden’s guide clarifies some existing rules put in place by executive orders on online gambling and land-based casinos. It outlines that information that must be displayed on a licensee’s website, such as a reminder that a player must be 18, access to a self-test for gambling addiction and information about treatment for gambling addiction, must be displayed anywhere the licensee offers games.In addition, licensees must link to all state-supported gambling treatment facilities, rather than just one and information about national self-exclusion register ROFUS must clearly outline what the register does.A clock showing how long the user has been playing, which must be available on gambling websites, must be available on the screen at all times, with no option to scroll way from it.As well as this, the guide clarifies that deposit limits must be set solely by the player, rather than choosing options set by the operator.The guide also mentions that players who request bonuses should be recognised as possible problem gamblers, as it is likely that they wish to play but cannot afford to do so.The guide adds that it is of particular importance to make sure that those under the age of 18 do not gamble, and therefore it is extremely important to ensure that ID checks are thorough.In addition, the guide makes licensees aware of resources such as ROFUS and gambling helpline StopSpillet, which exist to prevent problem gambling.The guide will be continually updated as rules and practices are added or changed.In March 2019, Danish operators published a voluntary code of conduct, with the aim of strengthening consumer protection and lowering the risk of gambling addiction in the country. The code came into effect on 1 July 2019. 3rd January 2020 | By Daniel O’Boyle Topics: Casino & games Legal & compliance Strategy Email Addresslast_img read more

Norway’s NBO urges end to national gambling monopoly

first_img Norway’s NBO urges end to national gambling monopoly The Norwegian Industry Association for Online Gaming (NBO) has called on national authorities to consider ending the current gambling monopoly, after new research showed an increase in gambling addiction in the country. Legal & compliance Topics: Legal & compliance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Regions: Europe Nordics Norway Tags: Online Gambling 20th May 2020 | By contenteditor Subscribe to the iGaming newsletter The Norwegian Industry Association for Online Gaming (Norsk Bransjeforening for Onlinespill/NBO) has called on national authorities to consider ending the current gambling monopoly, after new research showed an increase in gambling addiction in the country.Commissioned by Norway’s Lotteri-og Stiftelsestilsynet (Lotteritilsynet), the University of Bergen study included responses from 9,000 people across the country between the ages of 16 and 74.Taking an average from the study, the University of Bergen concluded 55,000 people currently suffer from gambling problems, an increase from 34,000 in a similar survey in 2015. The new research also showed that a further 122,000 people are at risk of developing gambling problems. NBO secretary general Carl Fredrik Stenstrøm said the association was “deeply concerned” about the findings and that the most effective method of lowering the risk for players would be to end the gambling monopoly currently in place in Norway.“We have long seen that growth in the Norwegian gaming market takes place on the internet and warned that the exclusive rights model is out-dated,” Stenstrøm said. “Players and non-gaming products do not follow national boundaries.“The reality is that about half of online gamers use international players. The authorities need instruments to regulate the entire market and weed out rogue players.”Norsk Tipping currently holds the gambling monopoly in Norway, but Stenstrøm said that by changing laws to allow more operators to enter the country’s market would reduce the flow of consumers onto illegal sites.Stenstrøm singled out Sweden’s regulated online gaming market, which opened in January last year, with all licensees required to abide by strict regulations in terms of responsible gambling. These include integration with a self-exclusion scheme that enables players to block themselves from gambling. That market, however, has been the centre of fierce debate, over concerns that particularly strict controls are pushing players to unlicensed operators. According to Stenstrøm, licensing more operators would mean that they would need to abide by similar responsible gambling rules in Norway, which would in turn help lower problem gambling levels.At Norsk Tipping, players can only lose up to NOK10,000 (£817/€915/$1,002) in one month on casino games, with a maximum loss limit of NOK20,000 per month across all games.“So far, over 50,000 Swedes have blocked themselves from gambling, and the scheme is praised by the Swedish government,” he said. “We call for similar effective measures from the Norwegian authorities.“We [acknowledge] that Lotteritilsynet says they will discuss the exclusive rights model, and calls for comparable Nordic surveys. More knowledge is needed, and that is something we support.“What we know for sure is that today’s lack of regulation in Norway does not work and is very harmful for the problem players and those at risk.”last_img read more

GAN agrees Coolbet deal after strong Q3 revenue growth

first_img Email Address 17th November 2020 | By Robert Fletcher Total revenue for the three months to September 30 came to $10.3m, up from $5.5m in the corresponding quarter in 2019. GAN agrees Coolbet deal after strong Q3 revenue growth Despite an 87.3% year-on-year rise in revenue during the third quarter, GAN saw costs of its expansion effort weigh on its bottom line, while the gambling technology provider has also agreed a deal to acquire Coolbet for €149.0m (£133.7m/$176.8m). Tags: GAN Its free-to-play simulated gaming division, meanwhile, saw revenue grow 85.7% year-on-year to $2.6m, mainly as a result of new customer launches and strong performances from existing clients. “We added multiple new RMiG and simulated gaming customers over the last several months, demonstrating the unique and highly differentiated capabilities of our SaaS platform for integrated igaming and online sports betting,” GAN’s chief executive Dermot Smurfit said. Subscribe to the iGaming newslettercenter_img Topics: Finance Q3 results 2020 Read the full story on iGB North America. The provider experienced growth across both of its core operating segments, with its real-money igaming (RMiG) business its main source of income in the quarter, after revenue jumped 87.8% to $7.7m. This growth was down to additional software-as-a-service and hardware revenue, GAN said, driven by deployments in Michigan, which is in the process of launching online betting and igaming. Regions: US AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Q3 results 2020last_img read more

GVC’s Lycka takes on new Americas-focused role

first_imgMartin Lycka GVC’s Lycka takes on new Americas-focused role AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “The United States presents a tremendous opportunity for GVC Holdings as more states embrace sports gaming in robust and transparent regulatory structures,” Lycka (pictured) said. He will also uphold the operator’s commitments to responsible gambling, sporting integrity and regulatory compliance. Topics: People Strategy People moves Management Subscribe to the iGaming newsletter 17th November 2020 | By Daniel O’Boyle Regions: Canada LATAM US People moves Read more on iGB North America Tags: GVC Entain GVC’s Martin Lycka will shift from his current role as director of regulatory affairs, to take on a new position focused on the Americas. As senior vice president for American regulatory affairs and responsible gambling, Lycka (pictured left) will be tasked with expanding the operator’s licensed footprint and regulatory structure in the US, Canada and Latin America. Email Addresslast_img read more

NHL partners Tipsport in Czech Republic and Slovakia

first_img North America’s National Hockey League (NHL) has entered into a new regional partnership with betting and gambling operator Tipsport. Sponsorship Under the multi-year deal, Tipsport will become the NHL’s official partner for sports betting in the Czech Republic and Slovakia. Regions: Czech Republic Slovakia Topics: Marketing & affiliates Sports betting Sponsorship Online sports betting 22nd January 2021 | By Robert Fletcher Tipsport will be able to use the NHL brand across its digital betting offering in the two countries, as well as benefit from branding placement on Czech and Slovak versions of NHL.com website. The operator will also have access to all match data generated by the NHL’s new ‘Puck and Player Tracking’ technology to widen both its match statistics and live betting offerings. Tags: NHL Tipsport This will include sponsoring and executing advertising campaigns across Nova Sport TV’s NHL game broadcasts and programming, while the operator will also benefit from a presence inside the broadcaster’s NHL studio. NHL partners Tipsport in Czech Republic and Slovakia Email Address Subscribe to the iGaming newsletter In relation to the NHL deal, Tipsport has also secured a partnership with Nova Sport TV, the NHL’s broadcast partner in the Czech Republic and Slovakia. “As a leader in the field of sports betting on the Czech and Slovak markets, Tipsport is an ideal partner for our entry into this part of Europe and allows us a great opportunity to further involve fans around the world.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “The sports betting environment presents a unique opportunity to engage our fans in the Czech Republic and Slovakia using NHL-owned technology and data,” NHL vice president of business development and international partnerships John Lewicki said.last_img read more

Greentube enters esports market with Hero acquisition

first_img9th February 2021 | By Robert Fletcher Greentube, the interactive arm of Novomatic Group, is to expand into the esports market for the first time after it completed the acquisition of esports betting provider and blockchain pioneer HERO. In addition to esports, the Hero network can be used for any kind of pooling, betting, fantasy or poker systems. Topics: Esports Strategy esports betting M&A M&A Hero chief executive Paul Polterauer added: “Our objective has always been to change the nature of online betting and bring innovation and new technology into the sector by offering something completely different. The platform, which has a user base of over 300,000 players, uses the supplier’s Herocoin proprietary virtual token as its primary form of currency. Subscribe to the iGaming newsletter The acquisition comes after Greentube in December announced plans to hire more than 100 new employees at its offices in Austria, Malta and Slovakia as part of its wider commercial expansion strategy. Austria-based Hero operates herosphere.gg, a blockchain-powered esports platform that allows players to create their own contests and compete against others on the outcome of esports games. “The esports and blockchain space offers a lot of possibility for the gaming sector and will open up new doors for us as a company.” Greentube enters esports market with Hero acquisition “At Greentube, we aim to hold a leading position when it comes to adopting new trends and technology, and with Hero’s unique products, we have acquired an innovative and exciting business that will see us move into uncharted territory,” Greentube chief financial officer Michael Bauer said. “Being acquired by such a renowned company as Greentube is a huge testament to the hard work we have put into developing and evolving our products. Together with Greentube, we will be able to reach new heights.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Greentube HERO Email Addresslast_img read more

Pro Kabaddi Season VI and VII dates announced

first_img By Kunal Dhyani – January 18, 2018 WI vs SA 2nd Test Day 2 Stumps: West Indies bowled out for 149 runs in 1st innings, SA lead by 149 runs by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One ShoppingPhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! OnlineIn Season V, the league scaled unprecedented heights having expanded from 8 teams to 12 teams and conducting 138 matches over a duration of 13 weeks. Withstanding intense competition, Patna Pirates led by Pardeep Narwal beat Gujarat FortuneGiants to clinch the Championship title for the third consecutive time. Season V touched new highs in terms of viewership records. It was viewed by a staggering 313 million viewers with a watch time of 100 billion minutes, with the finals becoming the most viewed non-cricket sporting event on Indian television.Anupam Goswami, League Commissioner, VIVO Pro Kabaddi said, “The VIVO Pro Kabaddi Season VI window has been created to keep in mind adequate recovery time for the players post the Asian Games, and adequate preparatory time for VIVO Pro Kabaddi teams to achieve an ideal state of squad readiness for Season VI. The advance window for Season VII will afford forward-looking preparation for squad formation and commercial strategy.”Janardan Singh Gehlot, President, International Kabaddi Federation said, “Mashal has taken India’s sport of Kabaddi from strength to strength with VIVO Pro Kabaddi. We welcome the long-term approach which will take it to even greater heights.”In its fifth and most successful season till date, VIVO Pro Kabaddi league became the biggest domestic sports league and Season VI promises to be even more action-packed. Fans can catch all the action in VIVO Pro Kabaddi Season VI, on the Star Sports Network and Hotstar. Pro Kabaddi Season VI and VII dates announced SportKabaddiLatest Sports NewsSports BusinessNews ICC WTC Final: 10 years of Virat Kohli’s Test career, 10 best moments of India’s greatest Test skipper Happy Father’s Day: ‘We Miss You’, Hardik Pandya pens emotional message for his father TAGSPro kabbadi LeagueVIVOVIVO PKL SHARE Euro 2020- Spain vs Poland Highlights: Spain held to 1-1 draw as Lewandowski’s Poland keep Euro hopes alive Cricket Facebook Twitter Cricket IND vs NZ in WTC Final: India batting coach says, ‘score above 250 on Day 3 would be good’, Kyle Jamieson feels it won’t… India Tour of Sri Lanka: From books to gym, Sanju Samson shares story of his quarantine life Latest Sports News Cricket Tokyo Olympics: Covid-19 scare continues after a Uganda team member tests positive YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredDefinitionWhat ‘Harry Potter’ Characters Were Actually Supposed To Look LikeDefinition|SponsoredSponsored Cricket Mashal Sports Pvt. Ltd have announced that the sixth season of the VIVO Pro Kabaddi will begin on 19th October 2018. The league promises to be the biggest kabaddi spectacle of the year and is planned to go on for a duration of 13 weeks, consistent with the format of Season V of the league.Simultaneously, Mashal Sports Pvt. Ltd has also announced that VIVO Pro Kabaddi Season VII will commence on Friday, 19th July 2019, and will maintain the 13-week format. ENG W vs IND W Test: Sneh Rana, Shafali Verma shine as one-off Test ends in draw Tokyo Olympics Village: Organizers unveils Tokyo games athletes village to the media, check first look Cricket Latest Sports News Previous articleNewcastle United takeover bid fails; Ashley and Staveley failed to reach consensusNext articlePWL opens with a bang on Sony Wah Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket RELATED ARTICLESMORE FROM AUTHOR Cricket Share on Facebook Tweet on Twitter Happy Father’s Day: Nostalgic Sachin Tendulkar shares a special item that belonged to his father; Check video Football last_img read more

Cricket South Africa, cricketers’ association complete signing of MoU 2018

first_img Share on Facebook Tweet on Twitter CricketLatest Sports NewsSports BusinessNewsSport By Kunal Dhyani – August 1, 2018 Facebook Twitter Euro 2020, Italy vs Wales LIVE: Matteo Pessina goal helps Italy beat Wales, finish top of Group A with flawless record; Follow Live Updates Football TAGSCricket South AfricaCSASACASouth African Cricketer’s Association SHARE Cricket Cricket YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyAdvertisement Avoid Grammatical Errors with This Helpful Browser ExtensionGrammarlyUndo24/7 SportsIt’s Amazing To See How These NBA Stars Have Changed Since College24/7 SportsUndocio.comUnlocking the Success of Digital Transformation with Active Intelligencecio.comUndo“This document includes for the first time a recognition agreement between ourselves and CSA and also serves the commercial rights necessary for CSA’s commercial partners,” commented SACA Chief Executive Tony Irish. “The agreement is particularly important in the context of where the game is going at international level. We have put the mechanisms and arrangements in place to retain our best players for the Proteas over the next four years.”The MOU involves three separate comprehensive agreements being the Main Agreement, regulating player contract and related issues, a Commercial Rights Agreement, regulating the use of player commercial rights, and a Recognition Agreement, regulating the ongoing relationship between CSA and SACA.Conflict prevailed between Cricket South Africa and the players’ association as the national cricket board in April had made the contents of the MoU public without getting a nod from the cricketers’ body.The players were also upset over the delay in finalising the MoU and rolling out the contracts.Tensions between officials and players have been apparent since December when CSA acting chief executive Thabang Moroe said he did not see any need to consult SACA on possible changes to domestic competitions because he regarded SACA as a trade union and not a partner in the game. WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start Cricket Latest Sports News WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video Cricket RELATED ARTICLESMORE FROM AUTHOR Euro 2020- Switzerland beat Turkey 3-1: Shaqiri’s brace keep Switzerland hopes alive; Turkey face exit from Euros WI vs SA 2nd Test Day 3 Live: South Africa in huge trouble; SA 59/6 (22.3 ov)- Follow Live Updates Cricket Football Cricket South Africa and the South African Cricketers’ Association have signed the MOU18, the agreement which covers benefits and conditions of employment for all professional cricketers in South Africa over the next four-year period, CSA has stated in a Press release.“From our side, I would like to emphasize that we remain committed to a revenue share model,” commented CSA Chief Executive Thabang Moroe. “I am also delighted that we have extended the agreement to cover all professional players in South Africa, including senior provincial players and all our women professionals. There are now 317 players covered by this agreement.” WTC Final Day 3 Stumps: India remove Conway and Latham but Kiwis on top; NZ 101/2 (49 ovs) trail by 116 runs WTC Final LIVE: Jamieson says, ‘nice and pleasing to get Virat Kohli’s wicket’; Gill feels India could have got more wickets Cricket South Africa, cricketers’ association complete signing of MoU 2018 Previous articleAsian Games: Pakistan hockey team announces boycott over pay protestNext articleIOC extends global partnership with Visa until 2032 Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Cricket PSL 2021 Eliminator 1 PES vs KAR LIVE: best way to watch Peshawar Zalmi vs Karachi Kings Live Streaming in your country, India, Follow Live update last_img read more

Power Sportz goes on Amazon Fire TV stick with voice remote

first_img Power Sportz, the only dedicated news channel for Sports in India, is now available on Amazon Fire TV stick worldwide for sports enthusiasts.With the move, Power Sports will completes a 360-degree cycle of availability across mobile (Android & IOS), Web and television platforms.  It will allow the sports fans to follow the latest breaking news, interesting discussions and debates around the sporting arena live on their television with the help of the Amazon Fire TV stick with voice remote. This is the first time ever that a dedicated sports channel will be streamed LIVE on an OTT service platform. Users will have a complete guide to the channel’s program listings and they can set reminders for their favourite shows on Power Sportz. Happy Father’s Day: Nostalgic Sachin Tendulkar shares a special item that belonged to his father; Check video Previous articleSports content is driving OTT consumption in India: Uday SodhiNext articleIndia bank on Prajnesh, CSC grass courts to upset Italy in Davis Cup Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Share on Facebook Tweet on Twitter Football RELATED ARTICLESMORE FROM AUTHOR TAGSAmazon Fire TV stickOTT ServicesPower SportzPower Sportz LiveSports in India SHARE India Tour of Sri Lanka: From books to gym, Sanju Samson shares story of his quarantine life Power Sportz goes on Amazon Fire TV stick with voice remote Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country By Kunal Dhyani – January 31, 2019 Cricket Facebook Twitter Football Cricket YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredHollywood TaleHow Victoria Principal Looks At 71 Is HeartbreakingHollywood Tale|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsored Cricket Cricket Tokyo Olympics: Covid-19 scare continues after a Uganda team member tests positive Latest Sports News Latest Sports News IND vs NZ in WTC Final: India batting coach says, ‘score above 250 on Day 3 would be good’, Kyle Jamieson feels it won’t… Latest Sports NewsSports BusinessNewsSport Talking about Power Sportz presence on Amazon Fire TV Stick, Ms. Kanthi D Suresh, Editor-in-Chief, Power Sportz said, “We are extremely glad to be accessible on the Amazon fire TV, which is a global platform. With this association, we have expanded our presence from handheld devices, the web to TV Screens. Our audience can now watch the latest sporting news and discussions on their television in the comfort of their homes and we hope that this will help increase the viewer base of Power Sportz Globally.”“The OTT viewership globally is on the rise and this is the future of media and entertainment. Our presence on Amazon Fire TV Stick and other OTT platforms will certainly give us an advantage over the traditional television news channels, where sports is just a small part of the whole programming gamut.”, Ms. Kanthi D Suresh added.Launched in mid-2018, Power Sportz is first dedicated online sports news channel, which has a 24×7 viewership with an average daily user base of close to 2.5 lakh people and an average 1.5 million views daily.Within a span of less than a year, Power Sportz had been able to engage its audience with a bouquet of in-depth shows and News across all sports genres including Golf, Cricket, Football, Tennis, Motorsports, Cycling, Multisport etc.Also Read: Sports Business : Amazon bids for Fox regional sports networksStar India to scrap cable broadcast for OTT-only approach in US: ReportSports content is driving OTT consumption in India: Uday Sodhi Cricket Happy Father’s Day: ‘We Miss You’, Hardik Pandya pens emotional message for his father Tokyo Olympics Village: Organizers unveils Tokyo games athletes village to the media, check first look Euro 2020- Spain vs Poland Highlights: Spain held to 1-1 draw as Lewandowski’s Poland keep Euro hopes alive Cricket ICC WTC Final: 10 years of Virat Kohli’s Test career, 10 best moments of India’s greatest Test skipper WI vs SA 2nd Test Day 2 Stumps: West Indies bowled out for 149 runs in 1st innings, SA lead by 149 runs last_img read more

Tennis Business : Wimbledon pumps in $63Mn, British tennis body declares…

first_img Previous articleCricket Business : Cricket South Africa confident BCCI will honor tour of SANext articleIOA Muddle : Indian Olympic Association President & Sec General at loggerheads Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket By Kunal Dhyani – May 22, 2020 Share on Facebook Tweet on Twitter Halle Open 2021 Final: Ugo Humbert defeats Andrey Rublev to become champion Viking Classic Birmingham 2021 Final: Ons Jabeur beats Daria Kasatkina to clinch title Latest Sports News Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Tennis Business : Wimbledon pumps in $63Mn, British tennis body declares profits ATP Tour Football Cricket RELATED ARTICLESMORE FROM AUTHOR Latest Sports NewsSportTennisWimbledon YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoHollywood TaleHow Victoria Principal Looks At 71 Is HeartbreakingHollywood Tale|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndo Cricket SHARE Euro 2020, Switzerland vs Turkey LIVE: Kahveci scores for Turkey to reduce deficit; Follow Live Updates ATP Tour Bett1Open 2021 Final: Liudmila Samsonova beats Belinda Bencic to clinch title Queens Club Final: Matteo Berrettini beats Cameron Norrie in final to win title The LTA has increased its reserves to more than US$91.8 Mn. Sport News The Lawn Tennis Association (LTA), the governing body for British tennis, has returned its first profit in four years – with the financial success of the 2019 Wimbledon Championships cited as a crucial revenue driver. WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video WI vs SA 2nd Test Day 3 Live: Roach removes Markram in the first over; SA 20/1 (6 ov)- Follow Live Updates by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! OnlineUndoPhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickUndoGrammarlyAdvertisement Avoid Grammatical Errors with This Helpful Browser ExtensionGrammarlyUndoHowever, the LTA has warned that the cancellation of this year’s Wimbledon, and all of its summer grass court events, means that money is very likely to be drawn upon in future.‘Whilst the LTA delivered a profit for 2019, the current outlook for 2020 and beyond will be very different due to the financial impact of the current pandemic,’ the LTA said in a statement.Despite its cash reserves, the organisation does not think it should be disqualified from receiving financial support from the British government and around 50 per cent of the LTA’s staff are currently furloughed.‘Our responsibility is to protect the long term growth and future of the sport in Britain,’ the statement continued.‘Our reserves, in isolation, can only support the short-term needs of the sport at this time. The government furlough scheme is an essential measure to assist organisations, including the LTA, manage such cash flow constraints and to safeguard jobs in the future.’The surplus the LTA receives from the All England Lawn Tennis and Croquet Club (AELTC) is certain to fall next year, even though pandemic insurance will shelter the organisers of Wimbledon from the worst effects of cancellation.The AELTC has agreed to pay the LTA 90 per cent of its annual surplus until 2053.The LTA has also put aside up to US$24.4 million in grants and interest free loans to help venues, coaches, players and officials through the crisis. Wimbledon 2021 LIVE streaming: When, where and how to watch year’s third Grand Slam’ in you country, India Cricket Facebook Twitter Sport News The LTA received revenue from Wimbledon in 2019 totalling US$63.5 mThe governing body returned a profit of of US$10.6 m – the first time in four years in contrast to a US$7.69 million loss the previous year, albeit significantly bolstered by its income from the Wimbledon grand slam. PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to knowlast_img read more